Items Tagged with 'Zillow.com'

ARTICLES

  • Gamechanger: Zillow to begin buying and selling houses

    Follows lead of Redfin and other direct homebuyers
    Nearly one year ago, Zillow shook up the real estate industry when it announced that it was getting into the home selling business by launching “Zillow Instant Offers.” As it turns out, that was just the beginning. Zillow announced Thursday that it will begin buying homes and selling homes directly to and from homeowners.
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  • Zillow just had its best quarter ever

    Sees record profit and revenue in third quarter
    There seems to be something about the third quarter that’s good for Zillow's business. Last year’s third quarter saw the company post its biggest profit ever – and its first quarterly profit since the fourth quarter of 2013. Since then, it's been three straight quarters back in the red for Zillow. But now that the third quarter has come around again, Zillow is back in the black, with another record-breaking quarter.
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  • Zillow acquires New Home Feed, listing service for new homes

    Zillow says acquisition will improve quality of sites’ new home listings
    Zillow Group, seeking to improve the quality of its websites’ new home listings, acquired New Home Feed, a listing management system that allows homebuilders to input, manage and syndicate their listings across the web. Tony Small, group vice president of emerging marketplaces at Zillow Group, said that acquiring New Home Feed is a “natural extension” for Zillow.
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  • Zillow invests $10 million in virtual interior design app Hutch

    Zillow’s first investment in consumer-facing technology
    Over the last few years, whenever the Zillow Group wanted to grow, the real estate giant went the acquisition route. But for the first time, Zillow is investing in a company that it doesn’t plan to acquire, at least not yet. Zillow was the sole investor in a $10 million Series A round of funding for Hutch Interiors, a virtual interior design app.
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  • Zillow on track to pay $4 million to VHT after judge chops jury award in half

    Jury originally awarded $8.32 million in damages in copyright infringement lawsuit
    VHT, a real estate photography company, was all set to receive $8.32 million in damages from Zillow Group after a jury found that images from VHT appeared on the Zillow Digs site without VHT’s consent, but that’s not the case anymore. This week, a judge cut the original $8.32 million award in half because there wasn't sufficient evidence that anyone saw the majority of the pictures in question.
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  • Monday Morning Cup of Coffee: Inside the battle brewing over Zillow's "Instant Offers"

    Plus, a judge shoots down Ocwen's challenge of CFPB constitutionality
    There's serious battle brewing over Zillow's "Instant Offers," a new program where homeowners looking to sell their home can get all-cash offers from selected investors. The program is putting Zillow at odds with some real estate professionals, who are fighting back against potentially being cut out of the transaction. Plus, what's happening between the CFPB and Ocwen? All that, and more, in your Monday Morning Cup of Coffee.
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  • OfferPad signs on for Zillow's "Instant Offers" home-buying program

    Begins making offers to home sellers in pilot program
    It’s now been a few days since Zillow sent the housing business into a bit of a fervor when it announced that it was getting into the home-selling business with its “Instant Offers” program, and more details about how the program will work are beginning to emerge. Now, another of the participating investors has revealed itself.
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  • Have issues with the Zestimate? Zillow is offering $1 million to fix it

    Online real estate giant launches contest to improve property valuation algorithm
    Zillow knows its “Zestimate,” the online real estate giant’s property value estimation tool, isn’t perfect. Even after years of consistently working on the algorithm that powers the Zestimate, Zillow acknowledges that its Zestimate error rate is still 5% nationwide. But Zillow wants to do something about it, and it’s offering up a sizable carrot for anyone who can make the Zestimate better: $1 million.
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  • Gamechanger: Zillow getting into home selling business with "instant offers"

    In pilot program, investors and agents will provide offers to prospective sellers
    In many ways, Zillow was one of the leaders in the online real estate revolution, helping to democratize the home buying process and enabling prospective buyers to search for their next home from the comfort of their current home. And now, Zillow wants to revolutionize the way that people sell their homes as well, as the online real estate giant announced this week that it is launching a pilot program called “Zillow Instant Offers.”
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