Opendoor saw rising losses in Q4, but managed to boost revenue
The iBuyer's $1.1B in Q4 revenue wasn't enough to offset a loss of $113M. However, CEO Carrie Wheeler said the company entered 2025 as 'a leaner, more efficient business'
by Jim Dalrymple II Feb 27
Home values have surged at 2X the normal rate since pandemic
Since 2020, US home values have risen by 45.3%, meaning more than 10 years of typical home value growth has been packed into a 5-year period, a new report from Zillow shows
by Lillian Dickerson Feb 27
Rascoff-backed AI app out of beta with $6.7M seed round
The AI assistant integrates calendars and CRM data to create a hands-off, always-on support entity to ensure communications, deal points, critical business processes are always up to date
by Craig C. Rowe Feb 25
Should I stay or should I go? A zero-fee touring agreement dilemma
Compliance expert Summer Goralik talks with Professor Tanya Monestier about zero-fee touring agreements. Are they an attempted workaround of NAR's commission lawsuit settlement?
by Summer Goralik Feb 25
'Now is the time to buy,' rising share of consumers declare: Intel survey
Early signs suggest consumers may be feeling more hopeful about prices and mortgage rates, and increasingly see 2025 as a good time to buy, new Inman-Dig Insights consumer polling shows
by Lillian Dickerson Feb 24
Black households led first-time homebuyer market in 2024
Despite a nationwide dip in first-time homeownership, Black buyers have bucked the trend in 2024, leading the market with 62% purchasing their first home, according to Zillow
by Richelle Hammiel Feb 20
No, the Washington DC housing market isn't crashing amid layoffs
A social media frenzy suggested government layoffs are tanking the housing market in the nation's capital. But economists armed with data tell Inman it's mostly business as usual in DC
by Jim Dalrymple II Feb 20
Rocket offering renters up to $5K in closing credits
RocketRentRewards lets homebuyers earn closing cost credits equal to 10% of their verified rent payments over the past year — about $2,160 for those paying the average $1,800 in rent
by Matt Carter Feb 19
CoStar Group posts 55th-straight quarter of revenue growth in Q4
Virginia-based portal CoStar Group grew its revenue 11% in Q4, to $709M, executives said Tuesday. Traffic to Homes.com Network remained steady, with 110M average monthly unique visitors
by Marian McPherson Feb 18
Compass grows revenue and agent count, market share tops 5%
The company now has 17,752 principal agents. Founder and CEO Robert Reffkin said in a new earnings report that he believes his company will pull ahead in 2025
by Jim Dalrymple II Feb 18
Judges zero in on key question in REX’s appeal against Zillow, NAR
Was Zillow's policy shift, which led to a January 2021 update, a website update or an agreement with NAR that illegally restrained trade? Judges hear both sides
by Taylor Anderson Feb 17
Aged marketing, mortgage anxiety, another argument: Inman Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Feb 14
Zillow CEO lauds remote work as portal continues to slash space
The company’s 2024 10-K filing revealed it expects its leasing costs to drop by about $16M over the next 4 years and anticipates earning $26M in sublease income during the same period
by Marian McPherson Feb 13
New York broker sues Zillow, saying StreetEasy 'masked' his listings
George T. Spyridakis, an associate broker with eXp Realty, alleged Zillow's StreetEasy allowed multiple brokers to list the same unit on the platform, effectively hiding it from public view
by Taylor Anderson Feb 12
Homebuyers gain leverage as sellers cut prices: Zillow
In January, almost 23% of sellers reduced their listing price — the highest percentage for any January since 2018, according to a new analysis by Zillow
by Richelle Hammiel Feb 12