In Atlanta, iBuyers paid buyer's agents 3% in 2019. In the fourth quarter of 2020, that dropped to 2.5%
Susan Daimler is stepping into the role of president while Jeremy Wacksman will continue on as chief operating officer in a bid to focus the company's 'end-to-end' experience
In a Facebook post on Friday, Glenn Sanford estimated that consumers are paying, on average, 11.4% in commissions when they sell to Zillow
Previously an automated valuation model, the Zestimate will be a 'live offer' in many markets in 2021. The company also revealed that it's finally making money on the homes it buys and sells through Zillow Offers
As Zillow's iBuyer profits clocked in at $27M in the fourth quarter, it's the Premier Agent business that sent Zillow to record-setting highs
The newly public company revealed in US Securities and Exchange Commission filings Tuesday that it expects to report $2.58B in revenue in 2020, down from the $4.7B in 2019
Changes include buyer's agents being advertised as 'personal guides' and the site defaulting to agent listings over others
Bidding wars, record mortgage rates and lots of Keller Williams news dominated the conversation, and Inman's headlines, in 2020
Opinion
The iBuyer market share and transaction volumes isn’t a failure of the model, but rather a result of it
New tech tools in the real estate industry will forever change consumer expectations, Zillow CEO Barton said on a company earnings call
Zillow beat expectations, posting $657M in revenue in the third quarter and a net income of $40M
The changes are mostly in field offices across the country, with a few operations staffers being let go, a Zillow spokesperson confirmed to Inman
Real estate leaders Courtney Poulos and Veronica Figueroa share their thoughts on Zillow hiring agents and how multiple listing service regulations made it possible
Spencer Rascoff is co-chairing a new special-purpose acquisition company and seeking a 'business that addresses a large market'
Opinion
Wherever you get your business from, focusing on your clients will be far more fruitful than worrying about what Zillow or anyone else is doing