Opendoor to Start Buying Homes from Zillow Users, Including in Boston
Zillow users will soon be able to request a cash offer from iBuyer Opendoor, which recently began serving the Boston metro area.
Zillow Plans Better Mortgage Offerings in ‘Housing Super App’
Listings portal site Zillow is telling investors it plans to build a “housing super app,” an ambition that rests in part on attracting more sellers to its platform.
Zillow to Shutter iBuyer Business
Zillow is closing down its iBuyer business, Zillow Offers, after buying too many homes at too-high prices this summer, even as residential real estate markets nation-wide cooled down from their white-hot spring highs.
Zillow’s iBuyer Won’t Sign Any New Contracts
Facing staffing shortages and supply chain problems, Zillow says its Zillow Offers iBuyer service won’t sign any new contracts to buy homes through the end of the year.
iBuyers Returned to Market in Q1
A new analysis of MLS data and public records by Redfin researchers shows that iBuyers are surging back into the real estate market in the industry’s core metro areas after putting operations on pause thanks to the pandemic.
iBuyers Sales Slowed Considerably in Pandemic
Researchers at Redfin, the discount brokerage and listings website, say iBuyers bought 48 percent fewer homes in the last quarter of 2020 than they did a year earlier.
Zillow, Redfin Rise as Pandemic Shakes Traditional Brokerage Stocks
Amid the coronavirus pandemic and a sharp downturn,...
Amid iBuyer Halts, We Buy Ugly Houses Still Buying in Boston
Even as some iBuyers across the country have paused operations thanks to the coronavirus outbreak, one firm with a similar model is continuing operations, albeit remotely.
Zillow Slows Expansion of Home Loans Platform
In its second quarter earnings call, Zillow announced it was hitting pause on plans to expand its mortgage business – for now.
Local Lenders Don’t Fear Zillow
While online real estate giant Zillow’s foray into mortgage lending might seem scary initially, it is unlikely to have too much of a detrimental impact on local, more personalized lenders, those same lenders say.
