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Investors slap Zillow with lawsuits over iBuying failure

By Mike Wheatley | December 3, 2021
In the wake of its decision to shut down its iBuying business, Zillow has been slapped with multiple lawsuits alleging that it illegally misled investors as to the health of that business. “The strength and the appeal of Zillow Offers just continues to grow,” said Zillow Chief Operating Officer Jeremy Wacksman at a September conference […]
Zillow

Zillow exits iBuying for good due to its inability to accurately forecast home prices

By Mike Wheatley | November 4, 2021
Zillow has announced that it’s existing the iBuying business for good – just a couple of weeks after saying it was temporarily pausing its operations until the end of the year. The company revealed Tuesday it’s shutting up the Zillow Offers business for good, citing “unpredictability” in forecasting home prices as the main reason for […]
Industry News

Zillow puts its ibuying business on hold again

By Mike Wheatley | October 21, 2021
Zillow is putting a hold on its iBuying operations until the end of the year after reaching “operational capacity” according to a statement by the company. The pause comes three years after Zillow gatecrashed the iBuying market with its Zillow Offers service, which allows homeowners to obtain an instant cash offer on their property and […]
Zillow

Zillow boosts Zestimate accuracy with neural networks

By Mike Wheatley | June 22, 2021
Zillow's Zestimate tool gets more accurate with neural network boost
US Real Estate, Zillow

Zillow Offers partners with homebuilders

By Mike Wheatley | September 24, 2019
Zillow is teaming up with select homebuilders across the country to give home shoppers an easier and more convenient way to move into their dream home. The partnership helps home sellers move into their new construction home without the hassle and stress of selling their existing home traditionally, by using Zillow Offers. Zillow is partnering […]
Zillow

Zillow Offers expands to Houston

By Mike Wheatley | November 7, 2018
Zillow is to begin buying and selling homes in Houston in an expansion of its Zillow Offers program, marking the fifth market where the service is available. Zillow’s program launched in Phoenix this April, and had already expanded to include Las Vegas, Atlanta and Denver. The company will add Charlotte and Raleigh in North Carolina […]
Mortgage, Zillow

Zillow seals acquisition of Mortgage Lenders of America

By Mike Wheatley | November 6, 2018
Real estate listings giant Zillow looks like it’s getting into the mortgage industry following the completion of its acquisition of Mortgage Lenders of America. Zillow has already made some significant steps to evolve its business, which was originally based on simple listings of homes. Back in May 2017 the company said it was getting into […]
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