Industry professionals and social media wags alike reacted to news on Tuesday that Zillow would shut down Zillow Offers, its iBuyer program. Many pointed to…
Posts published in “ibuying”
Zillow sees revenue tick up as tension mounts over iBuyer fallout
By The Citizen on November 2, 2021
The popular portal raked in $1.7 billion during the third quarter of 2021, though it also lost $328 million — much of it from iBuying. …
Zillow to shut down iBuying program Zillow Offers
By The Citizen on November 2, 2021
The move should take several quarters and will also result in Zillow reducing its workforce by approximately 25 percent. Source: Inman News
Opendoor plans to hire nearly 100 tech engineers in Canada
By The Citizen on November 2, 2021
The new team members will be based in Toronto and will work on financial platforms and technology infrastructure. Source: Inman News
Keller Offers exec: iBuying is a golden opportunity for agents
By The Citizen on October 27, 2021
RJ Jones, head of Keller Offers, told Inman Connect Las Vegas that the increase in iBuyers and alternative transaction models are driving professionalism and give…
Zillow’s iBuyer misstep will soon be ‘a distant memory’: Mike DelPrete
By The Citizen on October 25, 2021
Within the context of long-term industry disruption, Zillow’s loss may simply be an embarrassing detour on its inexorable march to transform real estate. Source: Inman…
Inman Top 5: The biggest stories of the week Oct. 15-21, 2021
By The Citizen on October 22, 2021
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories of the week, according to…
‘This is definitely a red flag’: The Real Word on Zillow’s big pause
By The Citizen on October 22, 2021
In this edition of The Real Word, Bryon Lazine and Nicole White discuss Zillow’s latest move to pause homebuying, the client who shot his agent after…
Missed signs? Zillow’s pause on buying underscores scaling challenges: Mike DelPrete
By The Citizen on October 19, 2021
The current problem seems to be unique to Zillow. Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed…
As Zillow pumps brakes on buying, other stunned iBuyers forge ahead
By The Citizen on October 18, 2021
Zillow says it’s facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow’s abrupt pause, say they aren’t suffering from the same…