National
Long-distance movers found cheaper and larger homes in 2020
Long-distance movers got more bang for their buck in 2020. The average out-of-town mover last year relocated to areas...
Zillow
The Latest
National
Second-home startup Pacaso to offer agents stock
Second-home startup Pacaso plans to offer its agents the company’s future stock on top of their commissions. The firm,...
National
Zillow profits hit record $52M in Q1
High demand for housing and low supply delivered another quarter of record profits for Zillow. The Seattle-based real estate giant notched $52 million in net income during the first quarter, bolstered by a booming...
National Issue
This is your home on tech
Listings With the M&A market for listings services heating up, eyeballs are worth a lot more than they used to be. CoStar bought national search portal Homesnap for $250 million in November, pitting the...
National Issue
Inside Rich Barton’s quest to dominate homebuying
The lights were dimmed. Soft music played in the background as Dan Levy, clad in paisley pajamas, parted his...
National
Spencer Rascoff’s Pacaso is worth $1B
Five months after launching, second-home startup Pacaso is a unicorn. The company, started by Zillow co-founder Spencer Rascoff and other former Zillow executives, said it raised $75 million at a $1 billion valuation —...
National
How the “Big Three” iBuyers stack up
Until recently, iBuying was largely a two-horse race. Now, Offerpad’s decision to go public in a $3 billion SPAC deal has put rivals Opendoor and Zillow on notice. The deal, with a blank-check firm...
National
Spencer Rascoff’s SPAC strikes $3B deal with Offerpad
Zillow co-founder Spencer Rascoff is betting big on iBuying — a move that pits him against the real estate...
National
Zillow to grow workforce by 40% in 2021
Zillow is staffing up to take on the white-hot housing market. The listing giant and iBuyer said it plans to hire 2,000 employees this year — increasing its remote and in-person workforce of around...
National
iBuyers lost $1.2B over two years: report
The big iBuyer experiment continues to be very, very costly. Opendoor and Zillow lost a combined $1.2 billion buying and selling homes over the past two years, including $607 million in 2020, according to...
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