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Zillow beats big on earnings while losses balloon

In its first quarter 2019 earnings report released on Thursday, Seattle-based Zillow Group, the operator of listing portals Zillow, Trulia, StreetEasy and RealEstate.com, posted a net loss of $67.5 million in the first quarter and announced the expansion of its iBuyer program Zillow Offers to six additional markets. Source: click here

Zillow will buy and sell homes in LA, Austin, San Diego and more

Zillow announced on Thursday it’s expanding its direct-to-consumer homebuying and selling platform known as Zillow Offers to Austin, Los Angeles, Sacramento, San Antonio, San Diego and Tampa within the next year.  Source: click here

Richard Nixon’s one-time Western White House gets major price cut

A home that former President Richard M. Nixon once occupied as his Western White House is back on the market after a major drop in price. Tricky Dick’s former estate has proven to be a tricky deal. Source: click here

Reali raises $9M in funding round

Flat-fee brokerage Reali announced it has raised $9 million in its latest funding round, adding to the tens of millions of dollars the company has previously pulled in from investors. Source: click here

Realtor group sends cease and desist over CoreLogic data breach

The Austin Board of Realtors is demanding that the Travis Central Appraisal District stop using and destroy any multiple listing service data it may have obtained from CoreLogic. Source: click here

READ: Redfin CEO’s letter to company buyer’s agents

Following the announcement of Redfin Direct, a new service that will enable buyers to make offers on Redfin-listed homes through the company’s website without agents, read CEO Glenn Kelman’s letter to employees. Source: click here

EXp World Holdings hits quarterly revenue record of $157M

Revenue for eXp World Holdings jumped 153 percent year-over-year to a quarterly record high of $157 million, according to a first-quarter earnings report.  Source: click here

My Florida Regional MLS rebrands as Stellar, seeks to buck the norm

The third largest MLS in the nation, which is also the largest MLS in Florida at 58,000 subscribers, will relaunch under the new name on June 4. Source: click here

Home leaseback startup EasyKnock raises $215M

EasyKnock, a home sales/leaseback company that allows homeowners to release the equity on their home, has closed $215 million in Series A debt-equity funding according to an announcement on Thursday. Existing investor Blumberg Capital led the funding round, which included contributions from Montage Ventures, Kairos, FJ Labs, 500 Startups, Correlation Ventures, and Rubicon Ventures. The […]

Exclusive: Agentology launches phone answering service

On Wednesday, Agentology announced the launch of CallConnect, a service that provides agents with a single phone number that will ring them and their teams. Source: click here

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