A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

Real Estate

Zillow Offers announces expansion to Cincinnati

The company plans to expand to Jacksonville, Florida and Oklahoma City this year

Zillow Offers has expanded yet again, and launched in the Cincinnati market.

The Ohio market is the 24th market that Zillow Offers has branched out to, and the company says it still has plans to expand Jacksonville, Florida and Oklahoma City this year.

“Sellers across the country have shown that they’re looking for more certainty, control and convenience during one of the most stressful experiences they’ll go through,” said Zillow President Jeremy Wacksman. “We’re thrilled to introduce this type of service to the greater Cincinnati area and help sellers find a new, simpler way to sell their home and move on to the next chapter of their lives.”

Through the Zillow Offers program, if the home qualifies, the owner will receive an initial cash offer from Zillow within 48 hours. A Cincinnati-based broker will represent Zillow in the transactions. In addition, agents with an exclusive right-to-sell listing agreement can request offers from Zillow to present to their sellers. This enables agents to earn a commission while offering clients a streamlined selling process.

In this case, a Cincinnati-based broker will also be assisting customers during their transactions.

If the homeowner accepts the offer, the seller gets to choose a date to move out, and not worry about cleaning or repairs. Zillow then makes the necessary repairs and/or improvements and sells the house back into the market. (For more on what, exactly, is an iBuyer, read this.)

In 2019 alone, more than 6,500 homeowners sold their homes to Zillow, the company said.

By bringing Zillow Offers to Cincinnati, Zillow says it is expanding its local presence as an employer, with around a dozen new positions and plans to hire more in the future as Zillow Offers grows, the company said.

There are 160 employees currently based in the Cincinnati office, where dotloop, a Zillow Group brand, has been headquartered since 2009.

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