Zillow files antitrust lawsuit against 2 major MLSs
The listings portal filed a complaint in US District Court for the District of Arizona against Arizona Regional MLS and MLS Inc. for what it asserts are violations of federal antitrust law
by Ben Verde Dec 27
Domicile takes gamification of Zillow-scrolling to whole new level
The app is the first-ever game to pull real-time MLS data to merge gaming with an ever-changing real estate market where users can guess home prices and connect with agents
by Lillian Dickerson Dec 26
Zillow unveils top 10 markets where people dreamed of moving in 2023
The real estate portal pulled user search data and other metrics to find the top markets where people looked to move to in 2023. (Hint, the East Coast is really popular right now)
by Taylor Anderson Dec 20
Opendoor founder Eric Wu leaving company to focus on startups
Wu founded Opendoor in 2014 and served as the company's chief executive officer until last year. He said in a statement that he's leaving to focus on building new things
by Jim Dalrymple II Dec 15
CoStar acquires popular UK real estate portal
The acquisition of OnTheMarket, a major portal in the UK, comes as CoStar continues to push further and further into the residential space
by Jim Dalrymple II Dec 14
Zillow unveils 3D tour of Santa's enviable North Pole luxury cabin
Using a floor plan generated by artificial intelligence, families can now explore every nook and cranny of Santa Claus' house, which is currently valued at $1.18M
by Ben Verde Dec 13
'Grow, grow, grow': Realtor.com's plan to come out swinging in 2024
Realtor.com is ramping up its competition with rival portals heading into the new year as it rolls out enhanced listing-focused products for agents, CMO Mickey Neuberger told Intel exclusively
by Daniel Houston Dec 13
Zillow predicts a 'breather year' for homebuyers in 2024
Homebuyers will have slightly more homes to choose from at slightly more agreeable prices in the new year, according to the portal's 2024 forecast
by Ben Verde Nov 30
Homebuyers demand school data. Portals are grappling with the risks
Home-listing portals all rely on the same source for school ratings, which are treated as essential by many homebuyers. If used improperly, critics fear the data could lead to Fair Housing violations
by Marian McPherson Nov 22
Rental concessions rise as new inventory comes online
Thirty percent of rentals advertised on Zillow in October offered concessions of some sort, such as free parking or free months of rent, even as rental rates remain high
by Ben Verde Nov 20
Real estate CEOs: Big impact from commission suits 'improbable'
The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions
by Jim Dalrymple II Nov 17
Mark McLaughlin: Client trust is all that matters — all else is 'noise'
Compass' chief real estate strategist speaks this week at the Compass RETREAT on 'The Future of the Industry and Client Representation.' In a recent conversation, he shared his insights
by Lillian Dickerson Nov 16
Opendoor to double the number of homes it buys each month: CEO
CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp
by Jim Dalrymple II Nov 8
Lack of access to credit keeps Black neighborhoods in rental loop
Access to safe credit building is limited in Black neighborhoods, Zillow reported, highlighting lingering effects of redlining that keep those households renting instead of owning a home
Opendoor can't hang on to profitability as Q3 revenue craters
The iBuyer saw revenue fall 71% year over year in the 3rd quarter of 2023. The company also lost $106M — a reversal from Q2's net profit
by Jim Dalrymple II Nov 2