The Latest

Zillow CEO Rich Barton (Getty, iStock/Photo illustration by Kevin Rebong for The Real Deal)
National

Zillow buys ShowingTime for $500M

Following a year in which home-buying services went virtual, Zillow has struck a deal to buy an online home-tour scheduler. The listings giant has struck a deal to buy ShowingTime.com, a home tour scheduler,...

Zillow buys ShowingTime for $500M
Opendoor CEO Eric Wu (Twitter)
National

Opendoor revenue plummets 45% in 2020

 After Covid forced Opendoor into a five-month homebuying limbo in 2020, the newly public company is projecting a 45 percent drop in annual revenue.  The instant homebuying startup projected $2.58 billion in 2020 revenue,...

Opendoor revenue plummets 45% in 2020
Opendoor CEO Eric Wu and Chamath Palihapitiya (Getty)
National

Opendoor valuation soars to $18B ahead of IPO

Even before Opendoor’s official stock market debut on Dec. 21, the iBuyer’s valuation soared to nearly $18 billion as...

Opendoor valuation soars to $18B ahead of IPO
Zillow CEO Rich Barton (Getty)
National

Zillow profits soar to $40M during third quarter

Zillow’s profits soared during the third quarter as iBuying deals dried up. The Seattle-based real estate giant reported $40...

Zillow profits soar to $40M during third quarter
Zillow's Rich Barton (iStock)
National

Zillow cuts 80 jobs from iBuying biz

Zillow has cut 80 jobs from its home buying and selling business, despite its big bet on the burgeoning sector. The real estate giant doesn’t disclose how many of its 5,300 employees work for...

Zillow cuts 80 jobs from iBuying biz
Opendoor CEO Kevin Wu, Daniel Morillo and Ken Griffin (Getty; Opendoor; LinkedIn)
National

Opendoor hires CIO from Ken Griffin’s Citadel

As it prepares to go public, Opendoor is bringing on a new hire from Citadel, Ken Griffin’s $32 billion...

Opendoor hires CIO from Ken Griffin’s Citadel
Eric Wu (Photo by Aaron Wojack)
National Issue

This man wants to make your home a commodity

In Opendoor’s early days, employees knew what they were up against. And if they didn’t, Spencer Rascoff spelled it...

This man wants to make your home a commodity
Can iBuying go the distance?
National Issue

Can iBuying go the distance?

When George Schneider decided to sell his home this spring, Opendoor made him an offer he couldn’t refuse. Schneider had paid $76,750 for his three-bedroom stucco house in the Phoenix suburbs a decade earlier....

Can iBuying go the distance?
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