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
Starting this week, buyers and sellers across Texas can use HomeLight's two newest services. Dedicated staff will be in Dallas, Austin and Houston
Ahead of Inman Connect, the eXp Realty team leader says agents have the chance to offer service that keeps clients coming back
The iBuyer's revenues were down year over year, but up compared to the end of 2020. The company is also nearing completion of a merger that will allow it to begin publicly selling shares
Offerpad's latest financials strongly suggest that a less venture-funded, less tech-enabled, more real estate-focused, and less breakneck version of iBuying can be (almost) profitable
Seattle based-company operates brokerage, mortgage and closing subsidiaries involved in $2.6B in home sales
At Inman Connect on Wednesday, Wu told Brad Inman that while users are increasingly comfortable selling their homes directly online, most buyers still lean on agents
Kukun's new tool is another weapon in the data bandolier of buyers trying to compete in heated markets or make offers sight unseen
Opinion
Ribbon helps buyers buy before they sell, rescues bad deals and gives first-time buyers a way to win deals in what might be the industry's first hybrid fintech-proptech application
A large majority of Americans think now is a good time to buy and sell, though only a minority think the market will stay strong for another year
In the second half of the year, the iBuyer will launch its services in Columbus, Ohio; Kansas City and St. Louis, Missouri; and Columbia, South Carolina
IBuyer purchases by Redfin, Zillow Offers, Opendoor, Offerpad and Bungalo rose 20% in the first quarter of 2021, but remained down year over year, according to new data
Four new members will join the iBuyer's board later this year, including a Zillow executive and the former chief executive officer of Move, Inc.
The pioneering iBuyer is now a licensed mortgage broker in Alabama, Arizona and Colorado, with plans for rapid expansion into other states
On Wednesday, DelPrete released 'The 2021 Emerging Models in Real Estate Report,' which details emerging trends shaping the industry and the players putting the trends into action
The partnership will give agents at Sibcy Cline Realtors the ability to present a variety of different selling options to their clients
The iBuyer has started buying and selling homes in the Indianapolis area as it eyes new markets in Kansas City, St. Louis and Columbus, Ohio
Properly is a tech-based real estate brokerage in Canada with a model similar to US iBuyers like Opendoor and Zillow Offers
Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to data released Thursday by Redfin
Institutional investors are a growing presence in the US real estate market. The savvy agent should learn how to adapt to their ways — even if it feels a little bit unnatural
82% of homeowners in 1000watt survey said they either were more likely to trust information from Zillow than from a real estate agent or to trust them about the same
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
Driven by high purchase and sale volumes and the rise in home values, iBuyers will have blowout quarters with record revenues
Bright MLS looked at 442,829 home sales across its 6-state Mid-Atlantic footprint that sold over a 24-month period
Formerly a commercial real estate agent, Dan Noma, Jr. has focused his work on institutional investors for more than a decade. Here, he shares what he’s learned and why agents should consider this sector of the industry
The expansion follows RedfinNow's recent moves into other northeastern markets, including Baltimore, Washington, DC, and Boston
Beating out institutional investors in a bidding war is a lot like beating out other buyers, but with a bit of a twist. Agents should aim to become fluent in all the relevant tools available
Rocket Cos., the parent company of the nation's biggest mortgage lender, plans to get into the iBuyer and real estate brokerage business through its Rocket Homes subsidiary
Home prices are record high, and iBuyers are paying above market values for the houses they buy, but they're also reselling them for more than ever before
The iBuyer also experienced a loss of $144M between April and June and sold a total of 3,481 homes
Raymond 'RJ' Jones will spearhead both Keller Offers, the company's iBuying program, and Keller Manage, a soon-to-launch program that'll provide home maintenance services
Starting this week, buyers and sellers across Colorado can use HomeLight's two newest services. Dedicated staff will be in Denver
The move is part of the iBuyer's continued expansion efforts as it prepares to go public later this quarter, a spokesperson said
The Seattle-based startup, has launched a new tool that allows clients who regret their move to relist with no seller's commission
Homesellers using Opendoor can now complete their interior home inspection through uploaded videos and photos, according to a company announcement on Tuesday
With these latest moves, the Seattle-based brokerage is now offering instant cash offers to sellers in 27 markets throughout the country
Using rent-to-own platforms, helping buyers secure a home, doubling down on your niche market — 5 agents share how to make this fall your best yet
The iBuyer went public a day after merging with the Spencer Rascoff-led Supernova Partners Acquisition Company. The company will now be known as 'Offerpad Solutions'
The iBuying giant will keep the teams and technology from Skylight and Pro.com, but it will discontinue the brands themselves
A new report from Zillow found that the nation's largest iBuyers reached a 1 percent market share in the second quarter of 2021, setting the stage for record-breaking sales in Q3
IBuyers are closer than ever to profitability. But the overwhelming majority of profits are coming from record home price appreciation, which won't last and is on the decline
The iBuyer's stock spiked 27% on Tuesday before settling back down to $10 per share as investors continued to show interest in companies that make direct cash offers for homes
Real estate tech companies are going after mortgage, but now mortgage is going after real estate
The iBuyer's two new metros were the first since the company went public earlier this month; Columbus, Ohio, is next on the list
In addition to the new Texas markets, the company operates in Seattle, Boston, Portland, the Bay Area and Southern California
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
Thanks to a partnership with Builders Digital Experience, homeowners can request an Opendoor cash offer through new home search platform NewHomeSource.com
'All those in favor of expropriating every house that Zillow owns, say aye,' tweeted one American as Berlin's vote to seize 240K apartments rippled across the globe
Regulator threatened 'enforcement action' related to allegedly 'inaccurate' or 'inadequately substantiated' advertising claims if settlement talks fail
The Seattle-based brokerage has launched its iBuyer service in Charlotte and Raleigh
Opinion
This week, Bryon Lazine and Nicole White discuss a viral TikTok video that criticizes iBuyers, what Americans are willing to sacrifice for a home, and the 'Conjuring' house that's now on the market.
The publicly traded iBuyer has launched its services in the Columbus metro area, bringing its number of markets to 21
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
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
Opinion
Within the context of long-term industry disruption, Zillow's loss may simply be an embarrassing detour on its inexorable march to transform real estate
Entrepreneur Katie Finnegan is tasked with 'simplifying the consumer experience without removing the personal relationship with an agent'
RJ Jones, head of Keller Offers, told Inman Connect Las Vegas that the increase in iBuyers and alternative transaction models are driving professionalism and give the industry a lot to look forward to
Users of realtor.com will now be able to see a preliminary offer from Opendoor in real time via the search portal's My Home dashboard, it was announced Wednesday
Tomo co-founder and CEO Greg Schwartz shares what's wrong with the mortgage industry and how tech can revolutionize the consumer experience
Technology themes at Connect were dominated by a new wave of mortgage providers changing the way buyers enter homebuying, brokers' mixed agreement on how to deliver technology to agents and how iBuying is opening new ways to advise clients
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
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 new team members will be based in Toronto and will work on financial platforms and technology infrastructure
The move should take several quarters and will also result in Zillow reducing its workforce by about 25 percent
Industry professionals and social media wags alike reacted to news on Tuesday that Zillow would shut down Zillow Offers, its iBuyer program. Many pointed to CEO Rich Barton's statements on the difficulties of forecasting home prices and the company's Zestimate tool
Opinion
Industry veteran Bernice Ross argues that a business model in which a brokerage makes the majority of its profits from ancillary services like mortgage and title is not sustainable in the long run
Thirty minutes into trading on Wednesday, Zillow Group's stock was down about 16.6 percent to around $70.55 per share
Opinion
This move that has significant implications for the real estate industry. Here's why
Opendoor co-founder Keith Rabois and 'The Big Short' investor Steve Eisman predicted the end of Zillow Offers as soon as it began. What did they see that others didn't?
Opendoor Complete will let consumers track their transactions and coordinate both home sales and purchases from one location
Opinion
Zillow’s decision to shut down its iBuying business is more than just a response to the volatility of the Zestimate, but rather an indication that technology can't solve everything
Keith Rabois also said on Twitter Wednesday that he expects Zillow to suffer 'even greater losses than they admit'
Experts envision the company pivoting to the comparatively easier business of working with buyers after the failed experiment of scooping up homes from sellers
Zillow's ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 homes, were they right about where it's headed?
In a new interview on Thursday, Offerpad CEO Brian Bair explained where Zillow went wrong and his enduring faith in the iBuying business model
San Francisco-based RedDoor has developed a quick pre-approval process for consumers and will see its products integrated into the iBuyer's lending services
Coldwell Banker Bain chair Bill Riss has sold his majority interest in the company to US RES Holdco, an affiliate of Houston title insurance company Stewart Information Services
How will Opendoor and Offerpad respond to Zillow bowing out of iBuying? How is Compass faring as a fledgling public company? And is Keller Williams nearing an IPO?
Zillow may have damaged relationships with repair contractors in its race to gain market share from rival iBuyers, Business Insider reports
Pretium Partners has agreed to buy some of Zillow's homes as the listings portal exits the iBuyer business, The Wall Street Journal reports
Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying
IBuying giant Opendoor posts another strong quarter as CEO Eric Wu expresses confidence in the company's strategy and path.
CEO Brian Bair offered reassurance in the wake of Zillow's iBuying exit that Offerpad's business model is working
This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy
A recent survey of thousands of buyers and sellers found they overwhelmingly work with agents, even as their attitudes have shifted
The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow's announcement that it will end its iBuying business
Homeowners in Minneapolis and St. Paul can now request an all-cash offer through RedfinNow. This is the 12th market RedfinNow has added this year
The city council just approved an effort that will look for strategies to stop iBuyers such as Opendoor and Redfin
At Connect Now on Tuesday, real estate analyst Mike DelPrete shared with Brad Inman where Zillow went wrong with Zillow Offers and what 'Zillow 3.0' could look like
Rascoff: iBuying will survive without Zillow, but companies that 'take the friction out of transactions' need a new name for their services
Opinion
Seasonality and the Zillow exit will certainly impact this, but for the time being, iBuyers are at an all-time high, with Opendoor leading the pack
Opinion
The shuttering of Zillow Offers is a good lesson in reinvention for all agents. As consumer expectations change, agents need to adapt and add value to stay ahead of the competition
The innovation wave has hit the buy-side, with Power Buyers emerging as this year's buzziest business model. Here's everything you need to know to power up your clients' purchasing prowess
Real estate startup zavvie has added 9 power buyers to its marketplace. Now zavvie users can compare cash offer and rent-to-own options in one place
Opinion
Many have pointed to the failure of Zillow Offers as proof that the Zestimate is inaccurate, but the company’s struggles actually reinforce the critical role that quality automated valuation technology plays in the iBuying process
Zavvie has found that both iBuyers and Power Buyers are seeing explosive growth — suggesting Zillow's recent moves don't reflect weakness in the iBuying concept
Hundreds of sellers awaiting new builds will have to sell their homes another way after Zillow canceled contracts for closings set for late 2022 through its defunct iBuyer, Zillow Offers
With the implosion of Zillow Offers in October, all eyes will be on Opendoor and Offerpad as they duke it out for marketshare in 2022. Here are the biggest challenges Offerpad faces next year
Phoenix homeowners unloaded a mind-blowing $1.47B worth of housing stock to an iBuyer in the third quarter, the first instance an individual housing market has exceeded $1B in iBuyer sales
Opendoor faces an array of challenges from other companies and sectors as it aims to hold its position as the biggest and most successful iBuyer in the world
The year saw explosive rivalries, wild stock market performances and plenty of rage
In a year that seemed like a reprise of 2020 — call it '2020 Light' — the past 12 months have been filled with anxiety. Take a walk down memory lane as Inman reveals its most-read stories of 2021
There's no doubt that eXp has been on a hot streak, but that doesn't mean the brokerage lacks challenges to consider as it looks to 2022, including scaling operations through rapid growth
Most homeowners who forego an agent are selling to someone they know, leaving a small group that fends for themselves on the open market, several new reports reveal
Opinion
Homebldr has a selection of vendor partners in place and ready to lend to brokers so they can act when a seller wants to forego the open market
As Inman's '5 Challenges' series wraps up, take a look back at how Keller Williams, Compass, Zillow and 6 other major players will contend with low inventory, rapid growth and more in 2022
Opinion
From low interest rates to the ongoing pandemic, a number of factors have come together to create the current inventory crisis
Stocks slid for major iBuyers and tech companies on Wednesday, continuing a difficult start to the year on Wall Street for Offerpad
It’s not the only publicly traded real estate brand to face headwinds in the market in January, but it is leading the pack
As we began iBuyer month at Inman, we asked readers for their best insights on the future of iBuyers and they delivered
IBuying has existed for years, but it's growing faster than ever and now approaching the scale that could finally make it profitable
Not every seller is focused on squeezing every dime of equity from their home. There are several reasons why
For agents looking to enter the iBuyer market or merely up their iBuyer game, Offerpad is but one choice for a partner. Here's what agents who want to work with the iBuyer should know
The launch brings the world's biggest iBuyer to one of the world's most challenging real estate markets — and marks a new chapter for the iBuying concept
Power Buyers can turn buyers who need financing or a contingent sale into cash buyers. They can also turn renters into homeowners
Some agents use the iBuying leader as a tool to help clients find the best path for their needs. Here’s how to get started
Redfin's iBuyer, RedfinNow, forgoes incentives for agents but offers a dedicated customer service team and local title options. Here’s how to get started
Help clients sell on the open market, avoid giving away huge amounts of their equity to iBuyers and, if eligible, work with a Power Buyer to buy their next home before selling their current one
IBuyers and Power Buyers finished 2021 in a strong position, even amidst a low-inventory, competitive market that just wouldn't quit, real estate tech company zavvie reported
The iBuyer earned a profit of nearly $13M during the final 3 months of 2021 while also beating revenue forecasts, according to a Q4 earnings report issued Wednesday
The market is growing muddled, meaning agents now more than ever need to help their clients know what's out there
The company is set to begin a new chapter as CEO Adam Contos departs and big changes sweep across the broader industry
The iBuying giant earned $3.8B in revenue between October and December last year. The latest numbers highlight the uniqueness of Opendoor's growth strategy
Keller Williams' entry into the iBuyer arena, Keller Offers, connects its agents with homesellers who want cash offers or need help optimizing their home's value on the open market. Here are the ins and outs of the platform — plus several best practices straight from executives
'IBuyers purchased 70,402 homes in 2021, more than double the previous annual high of 32,726 homes in 2019,' according to Zillow's Q4 iBuyer report
The iBuyer’s newest market comes just two weeks after its first launch in the Golden State, where it is avoiding costlier coastal cities
On the RE/MAX R4 stage this week, former RE/MAX agent and famed real estate coach Brian Buffini shared why agents shouldn't worry about iBuyers and why relationships remain supreme
Ahead of Inman Connect New York, Zillow's president dished about the company's goal to build a housing super app, its interest in power buyers and why housing should be 'delightful'
Learn how you can best serve your clients in today's market at Inman Connect Now
Tim Heyl shares his insights on what's ahead and how to prepare at Inman Connect Now
Are you ready to grow your real estate business? Connect with the smartest real estate pros and learn their secrets at ICNY
After helping Redfin's iBuyer business navigate a period of change, Jason Aleem is now tasked with leading its sales team into the next era
Opinion
Home price appreciation is through the roof, and that's good news for Opendoor. Its current listings are averaging 17% increases over the purchase price
Ahead of Inman Connect New York this month, former Trulia president and current proptech investor Paul Levine talks iBuying, company culture and the future of real estate
Keller Williams President Marc King says the company has a TBA plan to help the 80% of agents who are underproducing level up — playing to the company's belief that the agent is always no. 1
Regulators say the iBuyer misrepresented a home and didn't get the proper permits for another. Its license was suspended for 18 months, but the NCREC has stayed the suspension
A new report from Power Buyer and iBuyer marketplace zavvie says that Power Buying 'could eventually become the norm,' citing its success in helping buyers quickly purchase a home
The iBuyer is also deepening its market reach in the Portland, Oregon, area following an expansion last month into the Northeast
The iBuyer earned about $41M in profit during the first 3 months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday
The company's expansions come on the heels of its second straight profitable quarter.
The company reported soaring revenues in the first quarter of 2022 but also continued its Zillow Offers wind-down, which the company said has entered its final days
After 8 years, California-based iBuyer Opendoor reached profitability while logging a new revenue high of $5.2B, according to an earnings report released Thursday
The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it's competing with for consumer mindshare
Opinion
2021 was a record year for Opendoor — and the latest data suggests that 2022 may turn out to be even bigger
A week after announcing Realogy's rebrand as Anywhere, CEO Ryan Schneider shared his plan for beating Zillow at direct-to-consumer business on Thursday at Inman Connect Now