A proposed class action lawsuit alleges that Seattle-based Zillow Group concealed problems in its home-buying business from shareholders before abruptly shutting the unit down two weeks ago. The suit, filed… Read More
The downfall of Zillow’s iBuying business is a reminder of the downsides of relying too much on automation and machine learning algorithms at this stage in the evolution of technology.… Read More
In spite of work-from-home changes within the tech workspace, the greater Seattle region led all markets nationally with a 15% increase in office rent prices over the past two years.… Read More
Zillow Group plans to lay off 47 workers in Washington state as part of the 2,000 company employees who will lose their jobs following the decision this week to shut… Read More
Zillow Group’s surprising decision this week to back out of iBuying raised questions about the overall viability of the tech-fueled home buying offering for other companies. At least one competitor… Read More
Editor’s note: This is a column written by GeekWire co-founder John Cook. “Why bunt?” That was the rhetorical question Zillow Group CEO and co-founder Rich Barton asked a packed crowd… Read More
Zillow Group co-founder and CEO Rich Barton admitted on Tuesday that it was a “tough day” when the powerhouse real estate tech company announced plans to exit the home flipping… Read More
Just because a business process can be automated, doesn’t necessarily mean it should be automated. And maybe — just maybe — there are components of business that are not better… Read More
Zillow Group’s ambitious tech-fueled bid to shake up how people buy and sell homes is coming to a surprising end. The Seattle online real estate giant said today it will… Read More
A day ahead of its third quarter earnings report, Zillow Group’s stock took a hit on Wall Street as a new analyst report highlighted how many homes purchased by the… Read More
Zillow Group announced Monday that it will not sign any new contracts to buy homes via its home-buying and selling service for the rest of this year due to “backlog… Read More
ByteDance, the Beijing-based parent company of social video app TikTok, is expanding in the U.S. with a 44,000-square-foot office in Bellevue, Wash. The space, subleased from enterprise tech giant SAP… Read More
Two and half years after Amazon backed out of plans to occupy a giant new skyscraper in downtown Seattle, commercial and residential tenants are moving into Rainier Square, a swooping… Read More
Opendoor, the online real estate giant that lets people directly buy and sell homes online, has acquired Seattle-based startup Pro.com and San Francisco-based Skylight. Terms of the deals were not… Read More
A remedy for homebuyer’s remorse: Real estate startup Flyhomes today unveiled a new offering called Flyhomes Guarantee for Buyers that gives clients a way to move out of a home they… Read More
Seattle-based home services technology company Porch Group boosted its second quarter revenue by 200% to $51.3 million, exceeding analysts’ expectations. Its quarterly net loss widened to $16.3 million, vs. a… Read More
Redfin CEO Glenn Kelman joins us on this episode of the GeekWire Podcast to discuss the latest twists in the housing market; delays in returning to the office; the role… Read More
Seattle-based real estate company Zillow Group reported $1.3 billion in revenue Thursday for the second quarter, slightly beating analyst’s expectations. Expected revenue was $1.28 billion, with earnings per share of… Read More
Engineers at CityBldr knew they were sitting on a goldmine of zoning and land data. After all, that’s how the Bellevue, Wash.-based big data company helps large corporations know the… Read More
It’s no longer enough to consider whether you can simply afford a home, or beat out other potential buyers in a bidding war. Now as you deal with a red-hot… Read More
High-priced real estate with Northwest connections has changed hands for top dollar according to reports out of Hawaii and Orcas Island, Wash. Properties belonging to the late billionaire Microsoft co-founder… Read More
Facebook is grabbing more space in the sprawling Spring District development in Bellevue, Wash., securing a lease for Block 5, an 11-story, 345,000-square-foot office building scheduled to open in 2023.… Read More
Amazon is making more real estate moves east of Seattle, adding hundreds of Amazon Web Services roles in Redmond, Wash. The tech giant is also adding more space in Redmond… Read More
WeWork is closing its location in the Ballard neighborhood of Seattle less than two years after the space opened as the office-sharing company restructures its real estate footprint amid continued… Read More
The plywood is coming down, restaurants that survived are adding hours and vehicle traffic in Seattle is growing from the ghost-town levels of one year ago. But as downtown, Belltown,… Read More
The news: Seattle-based real estate company Redfin is forecasting record U.S. home sales of $2.53 trillion this year, saying in a report Tuesday that the 17% year-over-year gain would be… Read More
Redfin first quarter results: The Seattle real estate company saw a 40% surge in revenue in the first quarter, reporting $268 million in sales. Its gross profit soared 229% to… Read More
Zillow Group Q1 earnings: The Seattle real estate giant beat expectations with $1.2 billion in revenue, up 8%, and earnings per share of $0.47. Analysts expected revenue of $1.1 billion… Read More
The news: Seattle-based Zillow Group responded to an antitrust lawsuit filed by Austin-based real estate startup Real Estate Exchange in March that accused Zillow of anticompetitive behavior related to how… Read More
After taking a hit during the beginning of the pandemic, iBuying is ramping up with dozens of companies racing to streamline home offers online. Seattle giants Redfin and Zillow Group… Read More