Redfin CEO: ‘The housing market could get worse’ The U.S. housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group… Read More
Redfin to cut 13% of workforce and shut down home-flipping business RedfinNow Redfin will wind down its home-flipping program RedfinNow and lay off employees for the second time this year as it… Read More
Commentary: How homeowners defeated Zillow’s AI, which led to Zillow Offers’ demise Now that the dust has settled, we can ask how could the smart and savvy team at Zillow Group, armed… Read More
Zillow says it’s making good progress on home sales as it exits house-flipping business, announces $750M stock repurchase Zillow Group says it is making good progress unloading homes it owns, announcing today that it has sold or is… Read More
Lawsuit claims Zillow misled investors about state of home-buying business before shutdown A proposed class action lawsuit alleges that Seattle-based Zillow Group concealed problems in its home-buying business from shareholders before abruptly… Read More
Why the iBuying algorithms failed Zillow, and what it says about the business world’s love affair with AI Just because a business process can be automated, doesn’t necessarily mean it should be automated. And maybe — just maybe… Read More
Zillow to shutter home buying business and lay off 2,000 employees as its big real estate bet falters Zillow Group’s ambitious tech-fueled bid to shake up how people buy and sell homes is coming to a surprising end.… Read More
Zillow stock dives ahead of earnings; analyst report says 66% of homes it bought are now ‘underwater’ A day ahead of its third quarter earnings report, Zillow Group’s stock took a hit on Wall Street as a… Read More
Opendoor acquires Seattle startup Pro.com and Skylight, will shut both platforms down Opendoor, the online real estate giant that lets people directly buy and sell homes online, has acquired Seattle-based startup Pro.com… Read More
iBuying ramps up after pandemic pause and despite hot real estate market for sellers After taking a hit during the beginning of the pandemic, iBuying is ramping up with dozens of companies racing to… Read More
