EasyKnock and Knock file dueling lawsuits against each other
On Monday, Knock and EasyKnock filed lawsuits against each other alleging trademark infringement and unfair competition, among other allegations
by Andrea V. Brambila Oct 14
Offerpad is teaming up with a relocation services company
The partnership with Aires, a global relocation services firm, will unlock Offerpad's myriad real estate solutions for its new partner's relocation clients
by Patrick Kearns Oct 13
RedfinNow expands in California
RedfinNow, Redfin's iBuyer platform, is now live in Sacramento, joining Inland Empire, Los Angeles, Orange County, Palm Springs and San Diego, the company announced Friday
by Patrick Kearns Oct 9
DelPrete: Zillow hiring agents is the megatrend you can't afford to ignore
Opinion
Most of the largest real estate disruptors are moving toward hiring agents for new brokerage services — that's nearly $35B in enterprise value pushing in this direction
by Mike DelPrete Oct 8
JP & Associates and zavvie partner to launch seller option platform
Through Sure Sale, consumers can choose to list with an agent, sell to an iBuyer or opt for the company's home trade-in platform
by Patrick Kearns Oct 1
Toronto's Properly to expand alternative brokerage model with $100M infusion
Seeking to provide Canadians with a new option for buying and selling, Properly has been funded by U.S. proptech players Silicon Valley Bank and I80 Group
by Craig C. Rowe Sep 30
Zillow's former CEO is looking for a startup to take public
Spencer Rascoff is co-chairing a new special-purpose acquisition company and seeking a 'business that addresses a large market'
by Patrick Kearns Sep 28
Agents, you’re missing the point with the Zillow news
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
by Jay Thompson Sep 25
Zillow continues 'natural evolution' with brokerage shift: Deutsche
Zillow's decision to hire its own agents for Zillow Offers is the latest in its shift to becoming a platform, according to a trio of Deutsche Bank analysts
by Patrick Kearns Sep 24
'This comes as no shock': Realtors weigh in on Zillow hiring agents
Although the initial reaction to Zillow’s decision to bring representation for its own Zillow Offers transactions in-house was mixed, few real estate agents were surprised by the move
by Patrick Kearns Sep 23
Zillow to hire agents as employees for iBuyer transactions
Starting in January 2021, Zillow Offers transactions will be managed by a salaried Zillow employee who is licensed to act as a real estate salesperson through Zillow Homes
by Patrick Kearns Sep 23
Why Opendoor going public is a rising tide that could lift Zillow
For the second consecutive month, Deutsche Bank's research team raised its target stock price for Zillow. This time, it was fueled by its biggest iBuyer competitor going public
by Patrick Kearns Sep 18
Lennar predicts strong home sales 'for the foreseeable future'
The homebuilder also said its move-up program with Opendoor 'is becoming an industry standard'
by Andrea V. Brambila Sep 16
IBuyer purchases dropped 88% in Q2 as pandemic raged
RedfinNow, Offerpad, Opendoor and Zillow only bought 880 homes in the second quarter of 2020, according to a new study by Redfin released Thursday
by Patrick Kearns Sep 11
Zillow Offers opens in first new market since COVID pause
The direct-to-consumer homebuying and selling platform is live in Jacksonville, Florida
by Patrick Kearns Sep 9
Opendoor makes changes to C-suite
Board member and TPG Capital veteran Carrie Wheeler is joining the company as chief financial officer while Gautam Gupta is set to leave the company
by Patrick Kearns Sep 3
Opendoor is seeking real estate agents for 'Opendoor Brokerage'
A spokesperson for Opendoor clarified that the role will support the 'Home Reserve' platform that the iBuyer announced in May
by Patrick Kearns Aug 28
DelPrete: iBuyer market share plummets, slow recovery ahead
IBuyers are buying homes again but with a more cautious approach. Once they prove they can survive the pandemic, they’ll still have to overcome the challenge of profitability
by Mike DelPrete Aug 18
Opendoor resumes iBuying in all pre-pandemic markets
The move hints at how strongly real estate has bounced back during the pandemic, which is still ongoing and has prompted Opendoor to include virtual assessments for homes
by Jim Dalrymple II Aug 18
COVID-19 may have silver lining for agents, iBuyers: Spencer Rascoff
The former Zillow CEO argued during Inman Connect Now that crises such as the current coronavirus pandemic "have a terrific silver lining for innovators and entrepreneurs"
by Jim Dalrymple II Aug 4
Opendoor CEO: Despite COVID-19, iBuyers are 'full steam ahead'
'When consumers demand experiences, that’s when innovation happens,' Opendoor CEO Eric Wu said Tuesday during Inman Connect Now
by Patrick Kearns Aug 4
Zillow has resumed buying in every pre-pandemic Zillow Offers market
Since pausing its homebuying platform in March, Zillow Offers is now operating again in all 24 markets, including Las Vegas, South Florida, Tampa Bay and Houston beginning Tuesday
by Patrick Kearns Aug 4
Zillow partners with nation's largest homebuilder
The partnership allows consumers working with D.R. Horton the freedom of a flexible closing date and cash credits at close for eligible deals
by Patrick Kearns Jul 30
Zillow will allow self-tours on all company-owned homes
The company is also adding a digital floor plan to all Zillow-owned listings
by Patrick Kearns Jul 28
Most agents aren't including Zestimates, iBuyer info in CMAs
While most agents said they had never done a virtual listing presentation, 51% said they were very or extremely likely to in the next 6 months, according to a new W+R Studios survey
by Andrea V. Brambila Jul 28
Zavvie and Easyknock team up to bring 'bridge' option to more consumers
The partnership means agents using zavvie's technology can offer their clients the option of selling their home but continuing to live in it while looking for somewhere new
by Jim Dalrymple II Jul 27
'The real estate industry will move forward': Former surgeon general
Dr. Regina Benjamin, the former surgeon general of the United States under President Barack Obama, discusses her role advising Zillow and the link between health and home
by Patrick Kearns Jul 27
Realtor.com partners with Opendoor, others for 'seller's marketplace'
The new platform from realtor.com provides sellers with options from from Opendoor, EasyKnock, HomeGo and WeBuyHouses.com, as well as listing on the open market
by Patrick Kearns Jul 23
Why Redfin has a cap on its iBuyer business
Redfin CEO Glenn Kelman discusses the short- and long-term outlooks for RedfinNow in a chat with Austin Smith, the director of Millionacres
by Patrick Kearns Jul 21
Knock pivots to mortgage financing, bridge loans, concierge service
The home trade-in company, once lumped in with iBuyers, is charting a new course and partnering with agents to do it
by Patrick Kearns Jul 16
Realogy's iBuyer platform RealSure returns to market with new offerings
The platform has extended the length of its guaranteed sale and allows homeowners to stay in their homes for longer if they sell through RealSure
by Patrick Kearns Jul 15
Zavvie launches updated version of Offer Optimizer
The newest options for sellers — instant offers from iBuyers and a buy-before-you-sell bridge option — are nearly completely digital, and well-suited for a socially distant real estate industry, according to zavvie's co-founder
by Lillian Dickerson Jul 7
Zillow resumes buying homes in 5 more US markets
After the company's initial homebuying pause, Zillow is now buying homes in 20 of 24 Zillow Offers markets
by Patrick Kearns Jul 7
Real estate marketplace Sundae earns $16.55M in Series A funding
The company, which focuses exclusively on dated and distressed properties, plans to use the funds to expand to new markets beyond Southern California
by Lillian Dickerson Jun 30
Redfin returns to homebuying in 4 more markets
As of Friday, the company is now buying homes in Dallas, San Antonio, Los Angeles and Orange County, in addition to Austin, Denver and the Inland Empire in California
by Patrick Kearns Jun 26
This analyst thinks Zillow will capitalize on real estate 'shockwave'
Loup Ventures Managing Partner Gene Munster believes that as people continue to move from urban areas to suburbs, Zillow will benefit from top-of-the-funnel engagement
by Patrick Kearns Jun 26
Keller Williams ends exclusive deal with Offerpad
Keller Williams will allow other investors to make all-cash offers on homes through Keller Offers, its iBuying division
by Patrick Kearns Jun 24
The line between iBuyer and brokerage is blurring
Opinion
Opendoor and Offerpad will now list homes directly. Ultimately, this new service, still in the early stages and not fully rolled out, represents a way for iBuyers to make money without having to actually buy houses
by Mike DelPrete Jun 11
Zillow is buying homes again in 6 more cities
The iBuyer platform is buying homes again in Atlanta, Dallas, San Antonio, Austin, San Diego and Sacramento
by Patrick Kearns Jun 9
Zavvie expands reach to 52,000 more agents with new partnership
The iBuyer for brokerages announced on Monday its selection as a Preferred Alliance Program member of Berkshire Hathaway HomeServices and Real Living Real Estate
by Lillian Dickerson Jun 8
Homesnap's Mazur: It's time for agents to go all in
In multiple talk tracks at Tech Connect, leaders in sales, fintech and proptech all agreed on one thing: The COVID-19 pandemic has totally changed how people market, sell and buy real estate
by Craig C. Rowe Jun 4
Mike DelPrete: Don't call it a comeback (just yet)
Real estate tech strategist Mike DelPrete explains pre- and post-shelter-in-place market trends and how real estate agents can prepare for the future
by Marian McPherson Jun 4
Glenn Kelman: Waves of migration, consolidation coming to real estate
The Redfin CEO said Wednesday the coronavirus pandemic is helping fuel changes in real estate imagery and consumer behavior
by Jim Dalrymple II Jun 3
Trulia co-founder Pete Flint tells agents to 'lean into' transaction revolution
During Connect Now, Trulia co-founder and NFX Managing Partner Pete Flint explained what agents must do to stay relevant during the digital transaction revolution
by Marian McPherson Jun 3
Opendoor returns to homebuying in 5 more cities
The iBuyer is offering homeowners contact-free selling in Dallas-Fort Worth, Atlanta, Charlotte, Nashville and Tucson
by Patrick Kearns Jun 3
First Offerpad wanted to buy your home. Now it wants to list your home
Consumers can now choose a direct, quick-close sale or a more traditional listing process. The move may rankle many in the real estate industry, who have long worried about technology companies moving into the space traditionally served by real estate agents
by Patrick Kearns Jun 1
Zillow returns to homebuying in 5 more markets
The company resumed buying homes through Zillow Offers last week following a nearly 2-month pause due to COVID-19
by Patrick Kearns May 27
Former surgeon general tapped to help Zillow safely buy homes again
The company is bringing on Regina Benjamin, the former US surgeon general, to consult on and develop new safety protocols as it returns to iBuying
by Patrick Kearns May 18
Massive new iBuyer report gives deep insight into Zillow, Opendoor
The 168-page report from Mike DelPrete takes a look at how the pandemic has impacted iBuyers and how they're positioned to thrive in an era of social distancing
by Patrick Kearns May 6
Offerpad fully resumes buying with safety certification
The company announced Wednesday its new safety procedures have been certified by HealthyVerify, a health safety organization
by Patrick Kearns May 6
W+R Studios announces new virtual product Cloud CMA Live
A new version of the popular CMA creation tool integrates with video conference platforms for coronavirus-compliant listing presentations. There's also live markup and built-in objection handling
by Craig C. Rowe May 5
Opendoor returns to homebuying with contact-free selling
The company is returning to Phoenix on May 4 and Raleigh-Durham on May 11 with 2 new platforms while updating its self-touring app for buyers
by Patrick Kearns May 4
By the numbers: How hard has COVID-19 hit real estate?
It has already had a massive impact on our personal and professional lives. Now find out how COVID-19 is poised to continue transforming the real estate industry
Opendoor layoffs are a retreat, not a defeat
Opinion
This tactical move is by no means a sign that iBuyers will fail. Opendoor’s deep pockets allow it to weather the current storm and remain intact (albeit smaller)
by Mike DelPrete Apr 16
Zillow CEO: 'There's no coronavirus playbook'
In an investors call, Rich Barton laid out plans to cut 25% of quarterly expenses by pausing hiring, cutting marketing, halting homebuying and reducing discretionary spending
by Patrick Kearns Mar 24
Offerpad is the latest iBuyer to pause new home purchases
Following in the footsteps of Redfin, Zillow and Opendoor, Offerpad has temporarily stopped making offers on homes due to safety concerns, effectively putting an end to the purchasing side of nearly all iBuyers nationwide for the foreseeable future
by Patrick Kearns Mar 23
Opendoor temporarily suspends homebuying, citing safety concerns
A spokesperson for the iBuyer said the company's priority is 'the safety and well-being of our customers, employees and the general public'
by Patrick Kearns Mar 18
RedfinNow temporarily suspends homebuying amid market slump
RedfinNow, the direct-to-consumer homebuying and selling platform, will not be buying homes for the near future, CEO Glenn Kelman confirmed in a letter to shareholders
by Patrick Kearns Mar 18
How will iBuying fare in a world of social distancing?
Opinion
Today’s market environment will finally shine a light on how the iBuyer business model will react as consumer demand wanes, and there are certain recognizable advantages
by Mike DelPrete Mar 18
What are the benefits and risks of alternative financing?
Find out what products real estate pros are using to help their buyers buy — and what to watch out for if you choose an alternative finance option