Zillow started 2021 ascendant but finished by bowing out of iBuying. The coming year will test the portal’s ability to pivot. Source: Inman News
Posts published in “ibuying”
Brad Inman’s real estate predictions for 2022: Here’s to a sober year
By The Citizen on December 15, 2021
Keller Williams, Douglas Elliman, the DOJ and the NAR. Brad Inman’s crystal ball is “a little foggy — but a big trend is coming into…
Opendoor in 2022: As the king of the iBuyers grows, so does its risk
By The Citizen on December 9, 2021
Opendoor faces an array of challenges from other companies and sectors as it aims to hold its position as the biggest and most successful iBuyer…
IBuyers net record-high sales in Q3 amid skyrocketing purchase volume
By The Citizen on December 7, 2021
Phoenix homeowners unloaded a mind-blowing $1.47 billion worth of housing stock to an iBuyer in the third quarter, the first instance a single market has…
Zillow close to unloading more than half of its iBuyer homes
By The Citizen on December 3, 2021
Real estate giant also announces $750 million stock buyback following the company’s stock price tumble after Zillow Offers shutdown. Source: Inman News
Zillow cancels 400 Zillow Offers contracts due to closing restraints
By The Citizen on November 30, 2021
Hundreds of sellers awaiting new builds will have to sell their homes another way after Zillow canceled contracts for closings set for late 2022 through…
Why Zillow’s iBuying flop is just a blip, not a bad omen
By The Citizen on November 30, 2021
Many have pointed to the failure of Zillow Offers as proof that the Zestimate is inaccurate, but the company’s struggles actually reinforce the critical role…
4 reasons every brokerage needs an iBuyer solution (yes, even after Zillow)
By The Citizen on November 29, 2021
Consumers will continue to increasingly seek different real estate pathways. Zillow, Redfin, Opendoor and other national iBuyers aren’t going away. Why not stake your claim…
The case for reinvention: Why agents should always be adapting
By The Citizen on November 25, 2021
The shuttering of Zillow Offers is a good lesson in reinvention for all agents. As consumer expectations change, real estate professionals need to adapt and…
WATCH: Redfin CEO Glenn Kelman on his iBuyer growth skepticism
By The Citizen on November 16, 2021
In a wide-ranging speech on the real estate market at Inman Connect Las Vegas, Redfin CEO Glenn Kelman expressed skepticism about the potential growth of…