Zillow's Curt Beardsley: 'Invest time and energy with companies that are going to be here next year'
Zillow, Keller Williams and Realtor.com shared their respective takes this week at Inman Connect New York on the trends expected to take hold in 2023
by Craig C. Rowe Jan 27
Spencer Rascoff on CoStar-Move Inc. rumors: '$3B seems a little low'
Pioneers of consumer-first online home search weighed in from Inman Connect New York Wednesday on rumors that CoStar approached News Corp about purchasing Move Inc.
by Craig C. Rowe Jan 25
Jonathan Klein: 'Proptech is everyone's friend'
In advance of his appearance at Inman Connect New York on Jan. 24-26, the founder of PropTech Consulting busts myths about this burgeoning area of the real estate industry
by Andrea V. Brambila Jan 20
Mortgage rate swing created 'more normal' market in December
Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow's latest market report.
by Marian McPherson Jan 19
Zillow's ShowingTime+ releases Listing Media Services in 4 markets
Zillow said the photography scheduling and marketing service is the 'first of two next-generation listing marketing products'
by Craig C. Rowe Jan 18
Opendoor in 2023: The iBuying king and a business model in turmoil
Opendoor faces a fight for survival after ‘an abrupt strategy pivot’ sent it to 2023 ‘without a proven business model.’ See the 5 biggest challenges facing the king of a troubled business model
by Taylor Anderson Jan 17
Anywhere lays off more workers, announces end of RealSure iBuyer
The company has slashed its workforce by 11% since last June, according to US Securities and Exchange Commission filings. The moves come following months of housing market declines
by Jim Dalrymple II Jan 10
Side hires Zillow veteran Stephen Capezza to serve as president
Capezza joins Side during a period that has proven challenging for the broader real estate industry and 'is the exact right person to help guide Side through the next phase of our growth'
by Jim Dalrymple II Jan 3
Real estate investing in 2022: Where is the roller coaster headed?
‘It’s like that roller coaster where it’s going up and up and up and up. You don’t know what’s going to happen when you get to the top.’ Many investors had a pleasant ride in 2022. But the ride might come to an end.
by Taylor Anderson Dec 27
This tiny Midwestern village was Zillow's most-searched city of 2022
Prairie Village, Kansas, on the Kansas-Missouri state line, was Zillow's most popular housing market in 2022, drawing high traffic and leading the site for daily page views, the portal revealed
by Ben Verde Dec 22
Proptech in 2022: Zillow rebounds, iBuyers stumble and MLSs grow up
Zillow bounced back after folding its iBuyer in 2021, multiple listing services finally caught up, enterprise solutions arrived and other signs property technology approached maturity in 2022
by Craig C. Rowe Dec 21
Real estate in 2022: When the #@!$ finally hit the fan
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
by Jim Dalrymple II Dec 19
Zillow's new take on listing photos: The Real Word
This week, hosts Byron Lazine and Nicole White are talking about Zillow's acquisition of VRX Media, the hottest housing markets for 2023, and topics from Left, Middle, Right
by Byron Lazine Dec 15
A sales uptick in 2023? Zillow's senior economist thinks it's likely
During a Connect Now session on Thursday, Zillow Senior Economist Dr. Orphe Divounguy predicted affordability will 'stabilize' in 2023, setting the stage for an increase in home sales
by Andrea V. Brambila Dec 15
Zillow acquires VRX Media in big bid to bolster ShowingTime+
Zillow said VRX’s aerial drone photography, virtual staging, 3D tours and high-definition photography will enhance ShowingTime+, its home showing scheduling platform
by Craig C. Rowe Dec 9
The top 10 friendliest US cities for first-time homebuyers right now
What's the matter with Kansas? Not a thing as Wichita shot to the top of Zillow's analysis of the 10 friendliest cities for first-time homebuyers on Thursday. Midwestern cities fared well overall
by Ben Verde Dec 8
CoStar cuts 100 jobs amid Homes.com restructuring
The cuts are part of an effort to integrate Homes.com with Homesnap and come at the tail end of a year in which CoStar has moved aggressively into the residential real estate sector
by Jim Dalrymple II Dec 1
Home tours plummeted by half this year in Western states
Nationwide, home showing activity in October was down 27% year over year. In the West, the drop-off was nearly twice as steep
by Daniel Houston Dec 1
'Bet on the Midwest': Zillow's 2023 housing market predictions
The listings giant predicts a surge of interest in Midwest markets and a new crop of first-time landlords among other items
by Ben Verde Dec 1
NAR shuts down bid to end no-commingling rule, Zillow reveals
Zillow Senior Director of Broker Operations Matt Hendricks said the portal petitioned NAR to stop allowing MLSs to ban brokers from displaying MLS listings with non-MLS listings online
by Andrea V. Brambila Nov 23
How much has rent risen? About an extra 6 hours of work per month
A new Zillow report finds renters making average wages need to work 63 hours to cover rent compared to 2 years ago, highlighting a widening gap between rent growth and wage growth
by Taylor Anderson Nov 21
Abuzz, then a bust: What happened with all that big 'platform' chatter?
Real estate platforms were a hot topic a few years ago, but for even some of the biggest companies, sprawling enterprise has been the quickest way to failure, Inman founder Brad Inman writes
by Brad Inman Nov 7
Homebuyers and sellers have a ton of misconceptions, new poll shows
Homebuyers and sellers are struggling to keep up with the rapidly shifting market, according to a Zillow survey of real estate agents, which found many believe home prices will fall steeply in 2023
by Ben Verde Nov 7
Opendoor is where Zillow Offers was a year ago: Mike DelPrete
A year ago, Zillow Offers was in a similar position to where Opendoor now finds itself, and Zillow shut down its iBuying operations. Here's why the path forward might be different this time
by Mike DelPrete Nov 7
Zillow sees Q3 revenue dip, but manages to significantly trim losses
The company brought in $483M in revenue and suffered a loss of $53M — an improvement over the Q3 2021 losses of $329M, according to quarterly earnings results Wednesday
by Jim Dalrymple II Nov 2
The 7-day home sale is a rarity again as market slowdown continues
The median home for sale is spending 45% longer on the market than it was at this time last year, according to Zillow's research team
by Daniel Houston Oct 31
Zillow lays off 300 workers as portal pivots from iBuying to 'super app'
Approximately 5% of Zillow's workforce has been let go as the company shifts its focus towards technology, according to a new report published Wednesday
by Ben Verde Oct 26
A piece of chocolate cake being removed from the whole
Real estate tech firm says it will use increase on new marketing channels and product changes while critic says high referral fees lead agents to inflate commissions, skimp on service
by Andrea V. Brambila Oct 25
CoStar sees revenue, profit jump in Q3 despite slowing housing market
In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer
by Jim Dalrymple II Oct 25
hunt, predator, prey, hunter
Cash is king. In today's market, a company’s cash flow determines if it is in control of its own destiny
by Mike DelPrete Oct 24
Bored apes and Dogecoin. LA ‘Crypto House’ listed for $1.2M
The owner created a house that’s fit for Airbnb, complete with walls lined with NFTs, memes and other relics of crypto’s heyday. It's for sale for about 20.4M Dogecoins
by Taylor Anderson Oct 21
Nearly a third of income gobbled up by monthly mortgage payments now
The share of income required to afford a mortgage has risen to 30.2%, well above the established norm of 22.8% of a homeowner's income, according to an analysis by Zillow released Thursday
by Ben Verde Oct 21
Judge orders Zillow to give REX FSBO listing data
Federal court in Seattle grants discount brokerage's motion to compel on the grounds that the data could show whether Zillow and NAR caused harm to REX or to competition in general
by Andrea V. Brambila Oct 20
Always a bridesmaid, rarely a bride, first-time buyers make big return
First-time homebuyers now make up 45% of all transactions, up from 37% of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday
by Lillian Dickerson Oct 13
It's the end of an era as 'father of the Zestimate' retires from Zillow
Stan Humphries, most recently Zillow's chief analytics officer, announced his retirement this month after 15 years with the portal. For better or worse, his work changed real estate forever
by Jim Dalrymple II Oct 11
Pacaso homes: What is it and how does it work?
Pacaso has emerged as a leading second-home platform in the real estate co-ownership market. Here’s how real estate agents can earn more by selling one-eighth shares in any market
by Taylor Anderson Oct 10
Zillow iBuyer program officially ends as last homes leave the market
A year after announcing it would abandon its iBuyer program, Zillow has offloaded the last of the homes it bought with Zillow Offers, marking the end of a major chapter in real estate history
by Jim Dalrymple II Oct 7
Two men exchanging business cards
Calling it a 'kickback scheme,' HomeOpenly owner Dmitry Shkipin told the FHFA to ban referral fees charged by online brokerages — including Zillow — that don't actually buy and sell property
Zillow launches street-view home searching with Apple Maps
Homebuyers can now get a street-view look at listings, thanks to Zillow's newest integration with Apple Maps. Dubbed 'Look Around,' the feature is available in 19 markets
by Marian McPherson Oct 6
Court thwarts NAR, orders execs to turn over evidence in REX case
Brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies 'limiting both how homes are listed online and the negotiation of commissions'
'Don't wait until the plane crashes': Lawyers offer grim antitrust update
Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 30
What will agents make of Zillow's ShowingTime+? The Real Word
This week, Zillow’s launch of ShowingTime+, amphibious houses, Hurricane Ian and whether high schools start too early
by Byron Lazine Sep 30
A man splitting a log
Denee Evans, Art Carter and Errol Samuelson lay out a vision of the MLS as the ultimate real estate data source at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 29
Buyers' market now expected by end of 2023, economists predict
From a panel of 107 experts surveyed by Zillow, a majority agreed that rising mortgage rates are driving down competition among buyers, which will eventually result in a buyers' market
by Ben Verde Sep 29
Real estate agents weigh in on Zillow's ShowingTime+ debut
Monday's launch of ShowingTime+, a new brand intended to unify Zillow's technology offerings, has only highlighted the industry's polarizing thoughts about the company's agent strategy
by Marian McPherson Sep 29
REX seeks court order for Zillow listing data on FSBOs
Court sets new trial date for June 5, 2023, as the legal battle over the National Association of Realtors' no-commingling rule continues
by Andrea V. Brambila Sep 28
With rent high and sales slow, more owners are becoming landlords
The slowdown in home sales, paired with the meteoric rise in rent, has more homeowners looking to become landlords rather than sell their homes in this market
by Taylor Anderson Sep 27
Zillow Gone Wild poked your weird listing. Don't worry — it might help
For some agents, a listing shared on the real estate-skewering Instagram page provided a boost — for others, not so much. Inman investigates 5 listings that got put through the wringer on ZGW
by Ben Verde Sep 27
Zillow launches ShowingTime+ in bid to win over real estate agents
The new brand will house all existing products and services from ShowingTime, Bridge Interactive, dotloop and Zillow's Rich Media Experience team, executives confirmed to Inman
Why is Opendoor selling homes at a loss? The Real Word
Byron Lazine and Nicole White began this week’s episode by discussing Opendoor selling at a loss, the Zillow lawsuits, the next Fed meeting and inflation’s impact on the midterm elections
by Byron Lazine Sep 23
Court orders REX to give Zillow list of employees who kept laptops
Zillow had emphasized that the information contained on the laptops of REX's former employees could potentially point to other reasons for REX's downfall unrelated to Zillow or NAR
by Andrea V. Brambila Sep 21
Zillow's US home-value estimate drops for 2nd consecutive month
Zillow has lowered its assessment of home values nationwide as the market continues to muddle through an ongoing slowdown in real estate
by Daniel Houston Sep 19
Zillow accused of 'wiretapping' homebuyers' visits to its website
The suit, 1 of several filed this month against the real estate search portal on similar grounds, argues Zillow is breaking the law by recording the way consumers interact with its websites
by Jim Dalrymple II Sep 14
Real estate companies dip as stock market tallies worst day in 2 years
Real estate stocks fell on Wall Street, too — though even before the carnage they were hovering near all-time lows
by Jim Dalrymple II Sep 13
After 2 years of hikes, rental market may be bound for 'complete reversal'
Yet another sign of a widespread housing slowdown emerged as monthly rent price acceleration declined after 20 consecutive months of rapid increases, new data suggests
by Taylor Anderson Sep 13
These are the 15 best real estate companies to work for in 2022
Last week, 'Fortune' and Great Place to Work released a list of the 35 Best Workplaces in Real Estate in 2022. Zillow, Opendoor and Pacaso were all near the top of the list
by Lillian Dickerson Sep 12
Zillow to REX: Let's unite against NAR's 'no-commingling rule'
Legal battle of wills rages on as the 3 parties have motions to compel pending before the court. On Tuesday, REX pushed back against Zillow’s motion to compel, calling it a 'fishing expedition'
The rent is so damn high, it’s keeping tenants up at night: Survey
40% of renters report losing sleep when trying to find a place to rent after a break-neck spike in rent prices. Three-quarters said they made concessions to afford rent.
by Taylor Anderson Sep 8
Back by popular demand, Zillow relaunches 'hide home' tool
Zillow has released a new tool to declutter the consumer search experience, a 'hide home' feature that shrouds already eliminated options
by Craig C. Rowe Sep 7
Real estate stocks are getting absolutely destroyed right now
Multiple real estate companies are seeing share prices fall to all-time lows. If they can't turn around stock market performances, falling share prices could have profound impacts
by Jim Dalrymple II Sep 2
Zillow: Colorado 'commingling' ruling a win for agents, consumers
In a new Op-ed, Zillow Senior Director of Broker Operations Matt Hendricks says that Zillow strongly supports updating policies like the one announced by REcolorado
by Matt Hendricks Sep 2
Court tosses Zillow FSBO antitrust and false advertising lawsuit
Picket Fence Preview alleged that Zillow 'hijacked inquiries from deceived buyers' for its agent advertisers, but the court said the plaintiff failed to allege harm to consumers or competition
MLS-listed homes sell for more, a new study claims. But there's 1 twist
Critics raise issues over conclusion that listing homes on the MLS is what caused higher sales prices and faster transactions, especially if NAR rules mean MLSs have a thumb on the scale
by Andrea V. Brambila Aug 31
'Shrinkflation' looms as incredible shrinking home hits upscale market
The size of the typical $1M home plunged to 2,350 square feet in early 2022 after peaking at 3,021 square feet in mid-2020, according to new data released Tuesday from Zillow
by Ben Verde Aug 30
WATCH: A Zillow executive reveals what sparked the ShowingTime buy
York Baur, Sara Bonert and Jason Gesing explain the role of consolidation at Inman Connect Las Vegas, as the industry aims to improve the transaction process
by Marian McPherson Aug 29
Colorado MLS first to rescind controversial listing display rule
After nearly 2 decades, REcolorado has eliminated NAR's optional no-commingling rule, which is the subject of an antitrust lawsuit
by Andrea V. Brambila Aug 25
Zillow seeks court order over REX laptops allegedly kept as 'severance'
On Friday, Zillow filed a motion to compel REX to identify employees who left the discount brokerage with laptops that could hold evidence relevant to an ongoing antitrust lawsuit
by Andrea V. Brambila Aug 25
Zillow unveils tool it says could save renters thousands
Another new feature allows renters to track applications, communicate with property managers and manage payments through Zillow
by Taylor Anderson Aug 22
Takeaways from the hallways: Buzz-worthy thoughts and highlights from ICLV
Find out the ins and outs of what went on behind the scenes at ICLV, including what people were talking about and what was in the air
by Chris Drayer Aug 19
After a decade of uninterrupted rise, Zestimates are dropping
'While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability,' Zillow says
by Daniel Houston Aug 18
Can you find the real Zillow Gone Wild comments about this house?
An upscale property in New York state bears a striking resemblance to a clunky vehicle in Star Wars. Can you figure out what Zillow Gone Wild fans had to say about the property?
by Jim Dalrymple II Aug 17
Bidding wars come to lower-priced homes as competition grows fierce
Demand for the lowest-priced homes on the market is now attracting more competition than mid-priced and luxury homes, a reversal of the pandemic market, according to data from Zillow
by Ben Verde Aug 16
The partnership shocking real estate: The Real Word
Byron Lazine and Nicole White discuss the Zillow and Opendoor partnership, sinking consumer confidence, and a new segment: Left-Middle-Right
by Byron Lazine Aug 12
Zillow Home Loans continues its unprofitable run: Mike DelPrete
Like much of the industry, Zillow's mortgage operation, which includes Zillow Home Loans, has seen a steep decline in revenue and continues to burn cash
by Mike DelPrete Aug 12
Zillow launches 'Zillow Surfing 2.0' nationwide to automate floor plans
Zillow is branding around the idea of 'Zillow Surfing,' the consumer habit of using the site's extensive listing content as a time-killer and a way to scroll through what else is out there
by Craig C. Rowe Aug 10
In earnings twist, most real estate companies avoided the worst in Q2
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin
by Jim Dalrymple II Aug 8
Premier Agent dips as Zillow hangs on to modest Q2 profit
Market headwinds pushed Zillow Q2 revenues down 23% to $1B. Despite the declines, Zillow is pushing forward with major initiatives including a new partnership with former rival Opendoor
Zillow and Opendoor team up to provide cash offers to consumers
The partnership pairs 2 of the most polarizing firms in the housing business, and comes less than a year after Zillow began ending its own iBuying efforts
by Jim Dalrymple II Aug 4
Everyone is coming after agent commissions, DelPrete tells ICLV
During a session Wednesday at Inman Connect Las Vegas, real estate tech expert Mike DelPrete said staking out a piece of the agent commission pool is baked into newer business models
These are the 10 states where homes are taking the longest to sell
Homes in New York state take an average of 130 days to get an offer and close a deal. That's longer than anywhere else in the US, according to a new study from online bank Tangerine.ca
by Jim Dalrymple II Aug 2
A pivotal earning season is beginning. Here's what to know
Major companies share how much money they made as the real estate market veered south earlier this year and as Inman Connect unfolds, bringing these leaders together in Las Vegas
by Jim Dalrymple II Aug 1
Homebuyers with lower credit scores pay hundreds more: Study
The homebuyers with 'fair' credit scores can pay up to $288 more per month than those with 'excellent' scores, according to a new study by Zillow
by Ben Verde Jul 28
Spencer Rascoff: Housing demand 'has fallen off a cliff'
The former Zillow CEO said the rising cost of mortgages has cooled demand for homes, adding that he hopes in 2023 the Fed will be able to stop raising interest rates
by Jim Dalrymple II Jul 26
5 neighborhoods at once? Zillow rolls out new app feature
Homebuyers can now use the app to narrow their searches to specific neighborhoods, ZIP codes, cities, counties or entire states. It also notifies users of new properties meeting their criteria
by Daniel Houston Jul 21
Fredrik Eklund and Thomas Ma announce new agent social app
REAL, which so far has been downloaded 147,500 times, is like a mashup of WhatsApp, Instagram and Zillow for agents and consumers, Eklund said, but at 'lightning speed'
by Lillian Dickerson Jul 21
Two runners at the starting line
Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75% percent more on the typical mortgage payments than in 2019, according to Zillow
by Ben Verde Jul 19
Relying on optimism to get you through? 5 critical steps to take instead
In an overheated seller’s market, it does not take a rocket scientist to sell a home. However, as the market turns, the need for real skill emerges
by Carl Medford Jul 18
The long-awaited recovery in home inventory is gaining steam
The fast-paced cycle of the typical US home sale has begun to slow, paving the way for a recovery of the nation's depleted home inventory
by Daniel Houston Jul 15
New MLS company will sell data, pay brokers for their listings
REdistribute, a joint venture formed by California Regional MLS and Bright MLS, plans to deliver aggregated MLS data to financial institutions starting in 2023
by Andrea V. Brambila Jul 14
Mike DelPrete: In cooling market, agents are in for a 'dogfight'
Real estate tech expert Mike DelPrete will share what companies are doing to emerge victorious amid uncertainty at Inman Connect Las Vegas next month
by Andrea V. Brambila Jul 12
Bombshell commission lawsuit series and more: Inman’s Top 5 stories of the week (July 1-7, 2022)
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for July 1-7, 2022
by Dani Vanderboegh Jul 8
Zillow vs. Opendoor: Who's doing it better right now?
Opendoor made over 2M offers to curious homeowners in 2021, exponentially more than ever before. This highlights the growing potential of Opendoor's 'top of the funnel' customer appeal — which is beginning to rival Zillow
by Mike DelPrete Jun 30
CoStar debuts Citysnap search portal as Zillow rivalry continues
The Citysnap real estate search portal includes homes for sale and rent in New York City. It also represents the latest chapter in a rivalry between CoStar and Zillow
by Jim Dalrymple II Jun 30
Congress targets investors and asks: ‘Where have all the houses gone?’
Committee takes up the growing reach of institutional investors at a hearing this week. The biggest companies now own more than 280,000 single-family homes to rent
by Taylor Anderson Jun 28
Why real estate offers the biggest opportunity to new tech companies
The real estate industry is ripe for innovation. As agents continue to struggle to solve big and small problems, new tech is always welcome
by Georg Chmiel Jun 24
Home affordability hits 15-year low, passing 'inflection point' for buyers
An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow
by Daniel Houston Jun 21
As layoffs continue, Inman revives Talent Pass for Connect New York
With job cuts in the real estate industry continuing, Inman is launching a Talent Pass to provide newly jobless real estate professionals free access to Inman Connect New York in January
by Inman Jun 21
Americans know more about Kim Kardashian than homebuying
Nearly 90% of Americans know how many children Kim Kardashian has, but fewer than 33% know how to get pre-approved for a mortgage, according to a new survey from Zillow
by Marian McPherson Jun 17
Newlywed Britney Spears secures $11.8M California mansion
Shortly after Spears' wedding last week with actor Sam Asghari, the pop icon's car was seen parked with moving trucks at a recently sold mansion outside LA
by Daniel Houston Jun 15
StreetEasy adds ShowingTime tour scheduling feature
Starting this month, StreetEasy users will have free access to ShowingTime's tour scheduling platform. The platforms will also provide training sessions for agents and brokerage partners on best practices
by Marian McPherson Jun 14
How to convert leads so you’re eligible for exclusive lead networks
Many agents are searching for leads to bump themselves out of a summer sales slump. Not just any agent can qualify for exclusive leads where conversion metrics matter, but here are a few tips to give yourself a leg up
by Chris Heller Jun 14
With Zillow out of the picture, share of iBuyer purchases takes a hit
The share of homeowners who sold to an iBuyer declined in the opening months of 2022, as Zillow continued its exit from the business
by Daniel Houston Jun 13
What are the odds of a housing bubble? 114 experts weigh in
More than 100 housing experts surveyed by Zillow generally agreed that housing prices won't face a big downturn. But a mild recession may be in play later this year or in 2023, they believe
by Daniel Houston Jun 7
IBuyers, Power Buyers saw explosive growth in 2021. What about 2022?
Services promising a more streamlined, less painful transaction experience have become more popular and are likely to stick around, according to a new report released Tuesday from zavvie
by Jim Dalrymple II Jun 7
The shifting market will slow prices down — but won't stop them cold
The market is reaching a turning point in which price reductions are more common. But that doesn't mean homes can't still appreciate in value
by Jim Dalrymple II Jun 7
From 'Better' to worse: Real estate companies making layoffs so far
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Home showings see unusual drop in April. Is it a blip or something else?
Showings were down nationwide in April, which is strange because April is typically when the housing market hits a high point, ShowingTime President Michael Lane said in a new report
by Jim Dalrymple II Jun 1
'Not with a bang but a whimper': Why REX 'shuttering' doesn't really matter
During its tenure, REX made a lot of noise in court, but not so much in the marketplace. Now, as they appear to have bowed out of the fight, at least in part, Jay Thompson is left wondering what all of the fuss was about
by Jay Thompson May 31
Market shifts, rate hikes and why real estate stocks can't get a break
As real estate enters what one observer called a 'Wile E. Coyote' moment, real estate companies’ share prices continue to struggle amid market uncertainty
by Jim Dalrymple II May 30
The shift has begun — but rate hikes won't be housing's Achilles' heel
Experts told Inman they expect home sales and price growth to slow down, but they don't think rising rates will knock everyone out of the market
by Jim Dalrymple II May 26
REX pivots to single-family rental market as its Hail Mary
Two weeks after reports of mass layoffs and office closures, REX eyes serving institutional buyers in the single-family rental market
by Marian McPherson May 25
Hottest markets of 2022 revealed, and pricey suburbs lead the way
New data from Zillow shows that the most popular housing markets of 2022 so far fall right in line with that trend, with the top 10 markets all pricey suburbs just outside a major city
by Ben Verde May 24
Zillow, Opendoor and Compass debut on the Fortune 500
The companies all debuted within a few slots of established player Realogy, and highlight both the role of tech in real estate and the rise of bitter rivalries
by Jim Dalrymple II May 23
Insurance agency says REX is still operating, adding new wrinkle
PIUS CEO tells Inman the company is operating 'on a smaller scale,' but a former REX agent insists those operations no longer include handling real estate transactions
by Andrea V. Brambila May 19
Buyers are still fighting hard, despite costly home payments
The monthly mortgage payment on a typical home is more than 50% pricier than it would have been a year ago, according to Zillow's research team, yet competition remains fierce
by Daniel Houston May 19
Where is Anywhere headed? Toe-to-toe with Zillow
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
by Marian McPherson May 19
Is Microsoft gearing up to compete with Zillow for rental market share?
Company is hiring staffers in China for a ‘revolutionary’ real estate venture focused on improving the search for long-term rentals. Few other details are known
by Taylor Anderson May 19
Homebuyers descend upon a key battleground: the suburbs
The pandemic-era home market has been marked by frenzied competition among buyers. But one arena in particular has been hardest-fought
by Daniel Houston May 18
Team of rivals: Zillow and Redfin partner to syndicate 3D Home tours
Listing agents using Zillow 3D Home tours no longer have to manually add their tours to Redfin. This is the second partnership between the 2 real estate search portal rivals since 2019
by Marian McPherson May 18
REX hires lawyer-to-the-stars David Boies to carry on battle with Zillow
Boies, who has represented Al Gore, Harvey Weinstein and failed medical startup Theranos, told Inman he took the case because it's 'important to enhancing competition in housing markets'
by Jim Dalrymple II May 16
First rule of housing bubbles? Don't talk about them, economist warns
Zillow Senior Economist Jeff Tucker is skeptical that a housing bubble is looming, but he worries such talk could hurt future buyers in need of homebuilders to continue producing new inventory
by Daniel Houston May 16
REX abandons antitrust case against Oregon rebate ban
Discount brokerage says it will focus on 'other issues that cause consumers to be overcharged every time they buy and sell a home'
by Andrea V. Brambila May 12
Brokerages push back on NAR ad campaign targeting 'competitors'
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
by Andrea V. Brambila May 12
Demise of discount brokerage REX may be imminent, reports indicate
REX General Counsel Michael Toth did not directly confirm REX was closing, but blamed NAR and Zillow for the death of its business model and said its suit against both would continue
by Andrea V. Brambila May 11
Social media pours salt in Zillow's wounds as homes are swept to sea
Rising sea levels have swallowed multiple homes on the vacation hotspot known as the Outer Banks, including 2 this week. On Twitter, the calamity was used as a cudgel against Zestimates
by Taylor Anderson May 11
Zillow flexes in the face of a cooling market: DelPrete
Zillow and Realtor.com's Q1 results shine a light on two key factors: overall revenue growth is slowing and Zillow's next-gen lead gen business, Zillow Flex, is building momentum
by Mike DelPrete May 10
Does a good earnings season foreshadow trouble ahead?
Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of 'headwinds' on the horizon
by Jim Dalrymple II May 9
Zillow turns a profit in Q1 as housing market gets 'choppy'
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
by Jim Dalrymple II May 5
From Airbnb to Zillow: How real estate is dealing with Ukraine crisis
As US businesses withdrew from Russia, Inman surveyed the nation's top real estate companies. Read on to see how 23 of the industry's most notable companies have responded to the conflict
by Ben Verde May 5
Zillow's Flex model offers 'next gen lead gen': Mike DelPrete
Zillow's new strategy has the company going back to its roots, doubling down on agent lead gen, and extracting more revenue from real estate commissions
by Mike DelPrete May 5
Well, this might be the most popular home on Twitter
The midcentury modern house garnered 24,000 likes and counting on Facebook and more than 122,000 likes on Twitter following a post by Zillow Gone Wild on Monday
by Ben Verde May 3
CoStar eyes 'ambitious' investment in residential following banner Q1
The commercial behemoth is ramping up spending by as much as $220M, with 'well over' 1,000 people overhauling its residential websites, CoStar CEO Andy Florance said during earnings call
by Matt Carter Apr 29
No, really, he's a keeper: Florida real estate listing includes ex-husband
Investors Gone Wild Realty broker Crystal Ball is advertising her 'wonderfully rehabbed ex-husband up for grabs as tenant' at the home she's listing at 3819 Quail St. in Panama City, Florida
by Lillian Dickerson Apr 29
This class action lawsuit threatens all Realtors: The Real Word
This week: Byron Lazine and Nicole White discussed a decision in the bombshell class action lawsuit against NAR and Realogy, Zillow's revised forecast and Ryan Serhant's branding advice from ICNY
by Byron Lazine Apr 29
'Writing is on the wall': Court tosses NAR counterclaim against REX
Judge finds the National Association of Realtors failed to allege facts to show how the discount brokerage specifically harmed the trade group's reputation with its own members and consumers
by Andrea V. Brambila Apr 28
Venture fund for nation's biggest MLS will eye agent-friendly startups
With its venture capital firm — the first-ever created by a multiple listing service — CRMLS will focus only on early-stage companies improving the broker and agent experience
by Taylor Anderson Apr 27
For the dogs: The 20 most pet-friendly cities in America, ranked
72% of dog owners would consider moving to a home that is better suited for the needs of their pet, according to new data from Zillow and Rover released on Tuesday
by Ben Verde Apr 27
Inman Connect returns: Big parties, tech's reckoning and a Zillow pile-on
The informative and, at times, raucous event wrapped up this week after a two-year, pandemic-forced hiatus — and highlighted all the ways the real estate industry is still evolving
by Jim Dalrymple II Apr 25
Zillow changes tune on 2023 home values and sales. Here's why
Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What's with the downgrade?
by Lillian Dickerson Apr 22
Zillow adjusts Premier Agent pay plan with eye toward culling ranks
The shift will take place in Denver and Raleigh, and will eventually see hundreds of agents removed from the lead generation program, Zillow executives told Inman on Wednesday
by Jim Dalrymple II Apr 20
'Welcome to Poundtown': Wisconsin listing photos go viral with sexy sign
The 4-bedroom house went viral for a homemade sign hanging in a bedroom
by Ben Verde Apr 19
14 insightful tips for agents looking to save money in their business
From resisting shiny objects (so to speak) to taking advantage of local intern pools, here's how industry experts say agents can save their pennies in an ever-shifting market
by Lillian Dickerson Apr 18
Inman Connect turns 25: The top 20 moments of real estate's best bash
The event has come a long way since its beginnings in the woods of Sonoma County, California
by Andrea V. Brambila Apr 18
Power Buyer clients made 1 offer on average. Traditional buyers? 7
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
by Marian McPherson Apr 13
'Time for a price reduction': Having the tough conversation with your sellers
Robust seller's markets don't last forever. Now is the time to start tracking DOM, months of inventory and pricing trends so that you can have the tough conversations required when the market downturn occurs
by Bernice Ross Apr 13
Homeowner support grows for mother-in-law units: Survey
Homeowners, long resistant to new apartments in their neighborhoods, are increasingly open to other ways of adding housing units, according to a new survey by Zillow
by Daniel Houston Apr 11
Trulia's former president on what makes a 'world-changing' company
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
by Taylor Anderson Apr 7
Nonwhite renters saddled with higher security deposits, study says
Renters of color pay security deposits more often than white renters, and deposits they pay are typically $150 more than those paid by white renters, according to an analysis by Zillow
by Ben Verde Apr 6
ShowingTime takes page from Open Table with live showing scheduler
Debuting in Dallas, Houston, Denver and Atlanta, the consumer-facing software update will speed up home showings in light of the reduced number of days listings remain on the market
by Craig C. Rowe Apr 5
This is the best time of year to list your home, according to Zillow
Data from the online listings portal Zillow reveals that Thursdays in late April might just be the best time to list for the greatest reward
by Ben Verde Apr 1
Gender pay gap reduces housing choices for women by 18%: Zillow
The typical woman has an annual median income of $38,620 — roughly $15,000 less than the typical male. That income gap, Zillow said, reduces women's housing choices by 18%
by Marian McPherson Mar 31
Seeking an affordable vacation home? Here’s where to look
Realtor.com names the top 10 most affordable towns to find a vacation home in today’s unprecedented market
by Taylor Anderson Mar 28
End in sight for inventory crisis? Yes, but experts can't agree on when
While 38% of experts polled by Zillow believe 2024 will be the year inventory returns to 2019 levels, 36% pegged 2023 as the year. The remainder believe we'll have to wait until 2025
by Ben Verde Mar 24
Inman Connect New York
Are you ready to grow your real estate business? Connect with the smartest real estate pros and learn their secrets at ICNY
by Jodie Cordell Mar 22
Zillow-owned StreetEasy is turning into a 'de facto MLS,' agents balk
StreetEasy announced on Monday that it would ban listings — not agents — who don't follow the platform's 24-hour listing policy. Agents are saying the change isn't enough
by Marian McPherson Mar 21
rental image
Rent rose sharply, but it didn’t keep up with the rapid increase in the price of a monthly mortgage, according to a Redfin report released Monday
by Taylor Anderson Mar 21
Your home probably earned more than you did last year
Skyrocketing home valuations exceeded the median income in a majority of American cities, according to a new report from Zillow
by Ben Verde Mar 21
Inventory usually rebounds in the spring. Not this time, new study says
Inventory bucked an annual trend, dropping month over month in February despite typically bottoming out each December before rebounding in time for the spring, according to Zillow data
by Taylor Anderson Mar 17
The key to success in business? Stop trying to solve 'all' the problems
At Connect Now, Homeward Founder and CEO Tim Heyl told agents and brokers to focus on what they do better than anyone else and predicted 'the bundled transaction' would gain steam
by Andrea V. Brambila Mar 17
Spring Open House
The weeks leading up to the spring homebuying season have coincided with an uptick in open house activity unseen since before the pandemic, real estate agents told Inman
by Daniel Houston Mar 16
Inman Connect Now Series
Learn how you can best serve your clients in today's market at Inman Connect Now
by Jodie Cordell Mar 15
Zillow's Susan Daimler on the tech giant's mysterious 'super app'
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'
by Andrea V. Brambila Mar 14
Are real estate portals addictive? Consensus grows as users scroll
Psychologists, addiction experts and gamification specialists agree search portals like Zillow and Realtor.com can be irresistible to vulnerable users. But the question is, how big of a problem is it?
by Lillian Dickerson Mar 10
Spencer Rascoff is bullish on iBuying. Here’s why
Ahead of Inman Connect New York, the former Zillow CEO and 'serial entrepreneur' spoke about how he leads teams, the value of Pacaso and why he's sticking with iBuyers
by Taylor Anderson Mar 8
Now you can look at 5 homes at once on Zillow with 'Homes to Compare'
The 'Homes to Compare' tool allows users to compare more than 70 details of a listing side-by-side, including price, square footage, lot size, property condition, interior features and more
IBuyers purchased over 70K homes in 2021, doubling previous record
'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
by Taylor Anderson Mar 2
Susan Daimler CEO of Zillow at Inman Connect New York
Merging technology with a human connection is the secret to success in today's tech-centric market
by Jodie Cordell Feb 28
Police investigating suspected arson at CoStar's headquarters
The Wednesday-evening incident, which reportedly involved two cars, comes as CoStar faces criticism from ex-employees and as it pushes further into the residential sector
by Jim Dalrymple II Feb 25
Mortgage payments shoot past their 2007 highs — and at faster pace
Rising home prices don't always mean higher monthly payments. But as the pandemic-era market wears on, buyers are increasingly feel the squeeze
by Daniel Houston Feb 25
'We're not the pocket listing guys anymore': The PLS is now The NLS
The National Listing Service wants to help agents compete with big portals such as Zillow, Realtor.com and Redfin for control of their lead generation
by Andrea V. Brambila Feb 24
Opendoor revenue rises more than 1,400% in Q4, but losses mount too
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
by Jim Dalrymple II Feb 24
Watch the throne: Social media dumps on Illinois listing’s gold toilet
An Illinois home's gold toilet has stirred the social media pot this week. The five-bedroom, five-bathroom home is asking $799,000
by Ben Verde Feb 23
Q4 reveals strong growth for iBuyers, Power Buyers: zavvie
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
by Lillian Dickerson Feb 22
CoStar faces high turnover, criticism from ex-employees: report
Former employees criticized the data giant and rising Zillow rival in a new report from Business Insider that claims the company saw 37% of its workers leave in 2021
by Jim Dalrymple II Feb 22
Zillow's plan to double agent business by 2025: The Real Word
This week: Byron Lazine and Nicole White weigh in on Zillow's 3.0 strategy, home value predictions for 2022 and Rocket Mortgage's Super Bowl collab with Barbie
by Byron Lazine Feb 18
News Quiz: Do you know the biggest stories for the week of Feb. 13?
Compass, Realogy and Redfin all posted earnings reports this week. Test your knowledge of the biggest stories — and quarterly wins and losses — to see if you're up to date on the industry
by Inman Feb 18
How iBuyers, Power Buyers can be a Cinderella story for homebuyers
When agents truly care about their customers, they can't be afraid of trying new things, Jackie Soto, broker at eHomes, told Brad Inman during an Inman Connect Now panel on Thursday
by Lillian Dickerson Feb 17
Record number of cities named as 'million dollar' markets in 2021
The addition of 146 cities, the most in a single year, brought the total number to 481, according to data released Wednesday by Zillow. Another 49 are expected to earn the designation this year
by Ben Verde Feb 16
NAR-owned SentriLock sues rival Supra over patent infringement
The lawsuit from the National Association of Realtors against parent company Carrier Global claims Supra knowingly stole and sold lockbox technology that rightfully belongs to SentriLock
by Jim Dalrymple II Feb 15
Zillow's 'audacious' plan? Double Premier Agent business by 2025
After shuttering Zillow Offers, the company is going back to its agent lead gen roots, according to Mike DelPrete. It's looking for an additional $1.5B to be paid by real estate agents
by Mike DelPrete Feb 14
News Quiz: Do you know the biggest stories for the week of Feb. 6?
Keller Williams, eXp Realty, Opendoor and Zillow all made headlines this week. Test your knowledge of the biggest stories to see if you're up to date on the industry in February
by Inman Feb 11
Zillow revenue soars, losses deepen in Q4 amid fast-moving iBuying exit
Zillow's now-shuttering iBuyer business sent revenue soaring, but also significantly amplified losses during the final months of 2021
by Jim Dalrymple II Feb 10
What to watch for in Zillow's first post-iBuyer earnings report
Zillow's last earnings report included news that the Zillow Offers iBuyer program would shut down. Three months later, observers are waiting for the next pivot
by Jim Dalrymple II Feb 10
75% of homebuyers acknowledge some regret over recent home buy
Three-quarters of survey participants who purchased a home in the past 2 years had some regrets about at least one aspect of their new home, according to an analysis released Tuesday by Zillow
by Ben Verde Feb 8
Opendoor launches in California's pricey Bay Area
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
by Jim Dalrymple II Feb 8
How real estate agents can work with Offerpad
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