The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released…
Posts published in “rich barton”
Freed from iBuying, Zillow wants more from its mortgage arm in 2023
By The Citizen on January 30, 2023
To outside analysts, it appears Zillow got out of iBuying just in time. Now the company is looking ahead to a post-downturn world. Here are…
The ‘Great Reshuffling’ didn’t come to a halt in 2022, new data shows
By The Citizen on January 5, 2023
The number of moves slowed slightly from a record year in 2021 but remained at elevated levels nationwide, according to new data from the U.S.…
Zillow’s VRX acquisition reveals why the portal can’t be dismissed
By The Citizen on December 9, 2022
Never on the defensive for too long, Zillow’s strategy, Brad Inman writes, is to secure its position as the leading listing service and digitize everything…
Billions in losses, a brutal market and more from Q3 earnings season
By The Citizen on November 14, 2022
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past…
Redfin sees losses soar in Q3 as it winds down iBuying program
By The Citizen on November 9, 2022
The company earned $600.5 million in revenue during the third quarter, but also lost $90.2 million — up from a loss of just $18.9 million…
Zillow sees Q3 revenue dip, but manages to significantly trim losses
By The Citizen on November 2, 2022
The company brought in $483 million in revenue and suffered a loss of $53 million — an improvement over the Q3 2021 losses of $329…
Real estate companies are about to tell us just how bad the downturn is
By The Citizen on November 2, 2022
Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped…
Will Elon Musk’s Twitter torpedo real estate’s most critical debates?
By The Citizen on November 1, 2022
Elon Musk is already shaking things up just days after buying Twitter. That could have big implications for some of real estate’s most pressing debates. …
Sink or swim, the fate of real estate’s mightiest CEOs will be revealed
By The Citizen on October 12, 2022
Heads will roll and company valuations will sink so low that new outsiders will opportunistically make big acquisitions, Brad Inman writes. Real estate’s Masters of…