Category: Zillow Offers - Page 7 - Homes in the United States

Opendoor launches new end-to-end consumer platform

By The Citizen on November 4, 2021

Opendoor Complete will let consumers track their transactions and coordinate both home sales and purchases from one location. Source: Inman News

These venture capitalists predicted Zillow Offers’ demise

By The Citizen on November 4, 2021

Opendoor co-founder Keith Rabois and “The Big Short” investor Steve Eisman predicted the end of Zillow Offers as soon as it began. What did they…

Zillow Offers collapse is proof of the Zestimate’s inaccuracy

By The Citizen on November 4, 2021

Zillow’s decision to shut down its iBuyer is more than just a response to volatility of the Zestimate, but an indication technology can’t solve everything. …

Zillow exits iBuying: 5 things you should know

By The Citizen on November 3, 2021

Zillow announced Tuesday that it is exiting its iBuyer business, Zillow Offers. After racking up over $1 billion in losses over 3.5 years, Zillow is…

Zillow stocks plunge as competing iBuyers hang steady amid chaos

By The Citizen on November 3, 2021

Thirty minutes into trading on Wednesday, Zillow Group’s stock was down about 16.6 percent to around $70.55 per share. Source: Inman News

Zillow was outsmarted by the market

By The Citizen on November 3, 2021

Access to too much capital often blurs good real estate investor judgment. Over-leveraged investors can easily lose everything. Source: Inman News

The Zestimate comes back to bite: Reactions to the end of Zillow Offers

By The Citizen on November 3, 2021

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…

What should Zillow do with its homes after its iBuyer closes?

By The Citizen on November 2, 2021

On Tuesday, Zillow announced that it would shutter Zillow Offers, its embattled iBuyer program. With plans to unload 7,000 homes at an estimated $2.8 billion,…

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

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