Seattle-based online real estate giant Redfin missed expectations for the second quarter amid a slowing housing market impacted by rising mortgage rates. Revenue of $606.9 million, up 29% from 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
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
The cities of Las Vegas, Phoenix, Raleigh-Durham, Charlotte and Atlanta all have one thing in common — they were the most popular markets for the so-called iBuyers like Zillow, Redfin,… Read More
The so-called “iBuyer” movement is still young, but a new report sheds light on its growing impact on real estate. Redfin released its first-ever quarterly report focused on iBuyers —… Read More
Well, that didn’t take long. Zillow Group’s home sales division now makes up the majority of the company’s business, just 19 months after it started and nine months after the… Read More
Redfin Now, the company’s direct home buying and selling operation, is now a key piece of its long-term strategy. The company started buying and selling houses directly in 2017 as… Read More