In an investors call, Rich Barton laid out plans to cut 25% of quarterly expenses by pausing hiring, cutting marketing, halting homebuying and reducing discretionary spending
Following in the footsteps of Redfin, Zillow and Opendoor, Offerpad has temporarily stopped making offers on homes due to safety concerns, effectively putting an end to the purchasing side of nearly all iBuyers nationwide for the foreseeable future
Zillow CEO Rich Barton cited safety concerns and said the company plans to fully resume iBuying once health concerns pass
The real estate search portal says it's still seeing significant search and lead activity on its website
The company is making big changes to the cost structure of its various coaching programs for the next 2 months
Opinion
Today’s market environment will finally shine a light on how the iBuyer business model will react as consumer demand wanes, and there are certain recognizable advantages
Zillow CEO Rich Barton announced the decision Tuesday in a letter to customers
Zillow Chief Economist Svenja Gudell breaks down how past pandemics, including SARS and the Spanish Flu, have impacted the housing market
Some open houses already saw cancelations and declining attendance last week. That's likely to be a growing trend in the coming weeks
The Dow Jones dropped 13% Monday, wiping out all gains made under President Trump
Barkley, who was inducted into the NBA Hall of Fame after a 16-year career playing forwards for various teams, wants to build affordable housing in his Alabama hometown
Mortgage rates reached the lowest point in 50 years last week, and one economist predicted they could plummet even more this week
Courts toss Zestimate suit, but let co-marketing case proceed
Opinion
Attempts to compete directly with the leading portals — from both upstarts and financially strong runner-up portals — have met with limited success
Kitchen Fit uses machine learning to help potential homebuyers figure out exactly what they want out of a kitchen