Zillow Group’s ambitious tech-fueled bid to shake up how people buy and sell homes is coming to a surprising end. The Seattle online real estate giant …
Storyboard
What Happened to Zillow's Home Buying Business?
The real estate website is reversing course on its home buying operations, announcing that it's shuttering Zillow Offers and laying off 25 percent of its workforce. The move comes after the company admitted it misjudged demand, forcing it to try sell 7,000 houses for an estimated roughly $2.8 billion. Learn more about Zillow's iBuying service and what led to its collapse.
Underwritings Zillow plans to take in the next few months. Zillow’s home-buying experiment is done. Not sort of maybe kinda done like the company …
Zillow is trying to offload around $2.8 billion worth of houses onto investors after it bought them with the intent of selling them to hopeful homeowners and landlords, according to a report by Bloomberg. This follows another Bloomberg report that the real estate browsing website had to stop buying …
Digital real estate marketplace Zillow has been hemorrhaging cash in the home-buying arms race in certain markets, Bloomberg reported on Tuesday, …
Anything can be done online. Some tech companies, like Zillow and Redfin, think they can even buy and sell houses online, and are dreaming of becoming the Amazon of what has come to be known as ‘‘iBuying.” But they’re finding out that buying and selling assets worth hundreds of thousands of dollars …
"iBuyers" are gearing up to grow massively in the coming years, with unforeseen consequences for the U.S. housing market. Zillow is doing a $450 million bond deal to get the money it needs. Opendoor went public via a Chamath Palihapitiya-backed SPAC deal to scale as quickly as it can. Even Rocket …
When a couple looking to buy their first home approached real estate agent Annette Dedios at the beginning of the year, she knew it would be tricky …
The process of buying or selling a home can be lengthy, complicated, expensive, prone to unexpected obstacles, and—above all—stressful. Ask someone who’s done it before and there’s a good chance they’ll say they never want to have to go through it again. While other industries have been transformed …
