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 closing the business down, a move that has significant implications for the real estate industry.
Source: Inman News
Zillow exits iBuying: 5 things you should know
Published in Agent, Analysis, Columns, Data, ibuyer, ibuying, mike delprete, offerpad, opendoor, Opinion, Select, Zillow and Zillow Offers
More from AgentMore posts in Agent »
More from AnalysisMore posts in Analysis »
- Luxury home prices have reached new heights: Redfin
- Floridians grapple with insurance changes as hurricane season nears
- ‘Million-dollar’ cities have spiked to a new high in the US: Report
- Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
- Over 60% of agents have been recruited so far this year: Intel
More from ColumnsMore posts in Columns »
- 7 strategies to turn today’s bad economic news into more deals
- Agents maneuver a labyrinthine legal landscape: The Download
- Commission lawsuits, updates, getting listings: Inman Top 5
- Build bridges with these answers to frequent NAR settlement queries
- Still standing: Realtor resilience for challenging times
More from DataMore posts in Data »
- Floridians grapple with insurance changes as hurricane season nears
- ‘Million-dollar’ cities have spiked to a new high in the US: Report
- Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
- Case-Shiller is a go-to source for prices — but know these blind spots
- Why inland California housing is so exposed to downturn risk: Report
More from ibuyerMore posts in ibuyer »
- Opendoor’s partnership with eXp officially goes live
- Offerpad narrows Q4 loss, expects to be back in black later this year
- Opendoor posts significant decline in revenue but narrows losses in Q4
- Flyhomes announces 3rd round of layoffs since 2022
- Opendoor founder Eric Wu leaving company to focus on startups
More from ibuyingMore posts in ibuying »
- Opendoor’s partnership with eXp officially goes live
- Opendoor posts significant decline in revenue but narrows losses in Q4
- Zillow reappoints venture capitalist Bill Gurley to board
- Opendoor founder Eric Wu leaving company to focus on startups
- Opendoor to double the number of homes it buys each month: CEO
More from mike delpreteMore posts in mike delprete »
- Possibility, probability and paradox after NAR’s settlement: DelPrete
- DelPrete: Profitability still matters when evaluating a business model
- DelPrete: Here’s what’s driving agent migration patterns now
- DelPrete: A new generation of brokerages is on the rise
- CoStar to spend a billion dollars on marketing in fight for portal crown
More from offerpadMore posts in offerpad »
- The biggest wins, losses and news from Q4 2023 earnings
- Opendoor’s partnership with eXp officially goes live
- Offerpad narrows Q4 loss, expects to be back in black later this year
- Real estate CEOs: Big changes from bombshell suits ‘improbable’
- Opendoor can’t hang on to profitability as Q3 revenue craters
More from opendoorMore posts in opendoor »
More from OpinionMore posts in Opinion »
- Shape real estate’s future: Take the Inman Intel Index survey for April
- Build bridges with these answers to frequent NAR settlement queries
- You have 3 brokerage models to choose from. Which works for you?
- Ditch generic marketing: Convey your value with storytelling
- 3 ways to lead by example — and focus on what you can control
More from SelectMore posts in Select »
More from ZillowMore posts in Zillow »
- Proptech investment is way down — but these 4 areas still see demand
- Realtor.com campaign makes pitch for buyer representation
- 2 buyers scramble to make a deal as the spring market sprints ahead
- Zillow launches ‘Home Just Got Real’ ad campaign
- West Coast tech hubs see home values skyrocket in spring market
More from Zillow OffersMore posts in Zillow Offers »
- As iBuyers struggle, agents rethink relationships with cash-offer kings
- Zillow CEO Rich Barton: ‘The real pain is probably coming’
- Ribbon suspends cash offer service, working on new tools for spring
- It’s the disruption, stupid! Redfin Now and the end of iBuying as we know it
- Opendoor is where Zillow Offers was a year ago: Mike DelPrete
Be First to Comment