To elevate the industry, Chime becomes Lofty
The rebrand was driven by a number of business factors, such as ongoing confusion with the web bank of the same name and its evolution far beyond customer relationship management
by Craig C. Rowe Nov 7
Lack of access to credit keeps Black neighborhoods in rental loop
Access to safe credit building is limited in Black neighborhoods, Zillow reported, highlighting lingering effects of redlining that keep those households renting instead of owning a home
Opendoor can't hang on to profitability as Q3 revenue craters
The iBuyer saw revenue fall 71% year over year in the 3rd quarter of 2023. The company also lost $106M — a reversal from Q2's net profit
by Jim Dalrymple II Nov 2
Lucky number? Radius Agent lands its 2nd $13M funding round
After a $13M Series A in May, led by Peter Flint's NFX, the brokerage-as-a-service platform secured a Series B in the same amount, also from Flint
by Craig C. Rowe Nov 2
Realtor.com chief: Buying without an agent was 'terrifying'
Damian Eales lauded the American system of having agents representing buyers and sellers, but said that change is likely coming thanks to lawsuits and the DOJ
by Jim Dalrymple II Nov 2
Commissions are key as REX seeks retrial in listings suit against Zillow
In a motion filed Tuesday in a Seattle federal court, the defunct discount brokerage claims it was unfairly prohibited from presenting testimony about commissions to jurors in the original trial
by Ben Verde Nov 2
Zillow's Q3 revenue ticks up, losses shrink despite rough market
The portal giant brought in $496M in revenue between July and September. That's a 3% increase compared to 1 year earlier
by Jim Dalrymple II Nov 1
Will Q3 earnings keep real estate mired in a 'Groundhog Day' loop?
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it?
by Jim Dalrymple II Nov 1
Redfin CEO: With commissions in peril 'cooperation may crumble'
Redfin CEO Glenn Kelman said at Inman Connect on Wednesday that pressure from lawsuits and the Department of Justice may ultimately lead to 'a different world' than the one that exists today
by Jim Dalrymple II Nov 1
DelPrete: How Zillow pressures its agent partners to plug mortgages
Zillow is shoring up its Home Loans business by ratcheting up pressure on Flex agents, who refer clients to the mortgage arm or risk losing future leads, real estate advisor Mike DelPrete writes
by Mike DelPrete Nov 1
Zillow acquires CRM Follow Up Boss, super app 'mission' ongoing
'If you love Follow Up Boss now — just wait.' - Zillow President Susan Daimler
by Craig C. Rowe Nov 1
LoanDepot lets buyers cover FHA down payment with 2nd mortgage
Available everywhere except New York, loanDepot's new 'accessZERO' program provides a down payment of up to 5% in the form of a 10-year fully amortized 2nd mortgage
by Matt Carter Oct 31
Despite high cost to finance, home prices hit new heights in August
Housing prices increased 0.4% between July and August and were up 2.6% on an annual basis, representing new highs in many markets
by Ben Verde Oct 31
Andy Florance: Zillow isn't ready for post-commission portal revolution
In the opening remarks of CoStar Group's Q3 earnings call Tuesday, CEO Andy Florance revealed to investment analysts the company's grand plan to make Homes.com the portal of the future
by Marian McPherson Oct 25
CoStar posts 50th-straight quarter of revenue growth in Q3 earnings
CoStar Group earned $625M in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted 1,290% annual growth in Homes.com traffic
by Marian McPherson Oct 24