The new team members will be based in Toronto and will work on financial platforms and technology infrastructure
With Zillow Offers woes and souring public opinion at their backs, Zillow has a few headwinds heading into its Q3 2021 earnings on Tuesday. Here are 4 things to keep an eye on
The news comes just weeks after the company announced a pause in its iBuying, and follows reports that it was underpricing homes in a number of cities
Zillow says it's facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow's abrupt pause, say they aren't suffering from the same issues
Zillow said labor and supply issues in the market have created an 'operational backlog for renovations and closings.' The pause will enable the company to catch up on its existing contracts
Opendoor is on the hunt for more funds, according to a Bloomberg report. The iBuyer's new debt facility agreement will boost its borrowing power to $9B
A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory 'fairly conspiratorial,' and iBuyers themselves said they still have a tiny share of the market
The company's net income between April and June clocked in at $10 million — better than one year ago but short of the heights of the past two quarters
Amid a highly competitive market in the first half of 2021, iBuyers began making more competitive offers while expanding the range of homes they were willing to purchase
Ahead of Inman Connect, the eXp Realty team leader says agents have the chance to offer service that keeps clients coming back
Opinion
Zillow's experience shows that adding ancillary services is a long, slow road that requires big investment, patience, and a smart, consumer-first approach
The former Zillow CEO touched on iBuying, real estate companies going public and 'global asset inflation' during a discussion at Connect Now
Opinion
Right now, the housing market has a slew of uninvited guests in one of the worst housing shortages in the history of America
Zillow's latest report revealed what pushed Americans to move during the pandemic and which markets experienced the largest inflow of new homebuyers
The move turns the Zestimate into an initial bid and is aimed at getting more consumers at the top of the funnel into the Zillow ecosystem