Items Tagged with 'Zillow Group'

ARTICLES

  • Zillow slapped with $60 million lawsuit over hacked listing of Bel Air mansion

    Seller sues listings giant for negligence after hackers post false sales info
    Zillow Group is facing a $60 million lawsuit for negligence after a listing on its site was hacked last month. The listing – for a $150 million property in Bel Air, California – was hijacked by someone using a Chinese internet protocol address who posted false sales information about the property, which the seller says inflicted damage by dramatically corrupting the listing price.
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  • [Pulse] Zillow execs swap seats in blatant bid to redeem investors' confidence

    Investors know they can count on Barton in turmoil
    Zillow Group announced less than two weeks ago the return of Rich Barton to replace Spencer Rascoff as CEO of the online real estate titan amid the company's audacious pivot into mortgage lending and real estate flipping. The move is a transparent plan to calm investor nerves as the company embarks on its next phase of growth.
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  • Zillow replaces CEO Spencer Rascoff with original CEO Rich Barton

    Rascoff steps down after leading company since 2010
    In what can only be categorized as a shocking development, Zillow Group announced Thursday that Spencer Rascoff is stepping down as the company’s CEO, a position he’s held since 2010. Rascoff, who helped found Zillow, took over as CEO in 2010 for Rich Barton, who served as the company’s first CEO and is also a co-founder. And Zillow isn’t looking too far to find Rascoff’s replacement, as the online real estate giant announced that Barton is returning to serve as CEO again.
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  • Zillow begins buying houses in Texas

    Zillow Offers launches in Houston
    Homeowners in one of Texas’ biggest cities can now sell their houses to Zillow, as the online real estate giant just announced that it is launching direct home buying operations in the Lone Star State.
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  • Zillow awards $1 million prize for making Zestimates more accurate

    Claims contest winners’ algorithm improves Zestimate accuracy
    The Zestimate that appears on every listing on Zillow is about to get a little closer to the expected sales price of a house, and all the online real estate giant had to do is give away more than $1 million. But Zillow is hardly chalking this exercise up as a loss. Just the opposite, in fact.
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  • Zillow to begin buying houses in California, North Carolina

    Expands direct buyer business to Riverside, California and Charlotte, North Carolina
    It seems to be all about expansion these days for Zillow. The online real estate giant recently got into the mortgage business with its acquisition of Mortgage Lenders of America. Zillow has also been growing its direct buyer business, Zillow Offers, wherein the company is buying houses directly from sellers then lists the home for sale. And the company will soon be buying houses in California and North Carolina.
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  • Zillow stock tanks

    Suffers worst day since going public
    Zillow’s stock dropped more today than it ever has in a day's trading following yesterday's release of the real estate giant's third quarter earnings report.
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