Realtor.com chief brushes off major annual drop in traffic
David Doctorow attributed Realtor.com's reduced traffic to a slower market and argued that his company's sites have superior engagement than competitors
by Jim Dalrymple II May 15
US debt default may mean tanking sales, huge mortgage costs
A debt default by the US government is unlikely, but if it were to transpire, the cost of a mortgage could increase by 22%, pushing rates to a peak above 8% in September, according to Zillow
by Lillian Dickerson May 11
Real estate stocks are suddenly and finally on fire
Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector
by Jim Dalrymple II May 11
The seller's market is roaring back as buyers vie for limited inventory
A 'drought' of new listings is driving up prices, reversing the sluggishness of late 2022, and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow
by Jim Dalrymple II May 10
Zillow 3.0: Is it working?
Zillow’s path forward depends on its ability to capture more leads, further monetize those leads and attach ancillary services like mortgage
by Mike DelPrete May 10
Rent should stop driving inflation soon, Zillow says
Zillow reported rent grew by just 0.6% in April as an ongoing slowdown in rent growth continued after peaking last year
by Taylor Anderson May 5
Opendoor avoids epic 2022 losses in Q1, but revenue remains down
The iBuying giant saw revenue dip 39% year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022
by Jim Dalrymple II May 4
Zillow, Redfin go head-to-head with new ChatGPT plugins
The competing companies' plugins will allow users to employ conversational language as they search for home listings
by Ben Verde May 3
Zillow begins 'critical' year with mounting losses, falling Q1 revenue
Zillow brought in $469M in revenue, according to an earnings call Wednesday, falling 13% from the $536M it brought in a year earlier during a period that preceded the rate hikes and sluggish sales
by Jim Dalrymple II May 3
Eyes on inventory as Q1 earnings ramp up following a chilling 2022
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next
by Jim Dalrymple II May 3
What’s the worst part about being a landlord? Zillow found out
More people are becoming landlords. From making repairs to finding reliable tenants, here's what they had to say about maintaining a rental
by Taylor Anderson May 2
And the cheapest state to buy a home is…
Illinois is the cheapest state to purchase a home, due to a study by California-based boutique brokerage RubyHome. The study focuses on the income-to-sale price ratios for each state
by Marian McPherson Apr 28
REX gets OK to question Zillow CEO Rich Barton in antitrust suit
Judge Thomas Zilly denied Zillow's motion for a protective order, saying CEO Rich Barton must complete 3 hours of questioning from REX's counsel about the company's 'Project Bookshelf'
by Marian McPherson Apr 28
Chris Heller: Brokerages and teams are playing chicken. Who will win?
The chief real estate officer at OJO also believes teams will continue to get bigger, and that new agents will be willing to trade money for opportunity
by Jim Dalrymple II Apr 28
CoStar Group bucks sluggish market as revenue jumps 13% in Q1
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023
by Jim Dalrymple II Apr 25