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Zillow is testing a closing services platform

Zillow is testing a “homegrown closing services” platform in a handful of markets — including title and escrow services — in an attempt to bring the company closer to offering a one-stop platform to wrap around its homebuying and selling platform Zillow Offers. Source: click here

Realogy posts a net loss of $70M in Q3 after $1.6B in revenue

The loss was driven primarily by a $180 million impairment at NRT, Realogy’s own-side brokerage. Source: click here

Viral Zillow listing featured lines of white powder on kitchen counter. Was it cocaine?

A homeowner’s boyfriend put a listing photo on Zillow that showed lines of white powder, reminiscent of cocaine, on a plate in the kitchen counter, prompting it to go viral. The listing, for a five-bedroom home in the Detroit suburb of Oak Park with an asking price of $165,000, began making the rounds on social […]

WATCH: ‘Million Dollar Listing’ star Fredrik Eklund on selling anything to anyone

Create your own success story at Inman Connect New York, January 28-31, where over 4,000 industry professionals gather to forge new relationships, share tactical takeaways and discover the latest technology to boost their bottom line. With hundreds of speakers, engaging sessions and can’t-miss networking events, Connect provides unlimited opportunities for agents and brokers to cultivate […]

US home prices spiked nearly everywhere in third quarter: NAR

Home prices rose in 93 percent of all U.S. metro markets in the third quarter, according to the Metropolitan Median Area Prices and Affordability report released Thursday by the National Association of Realtors. A median single-family home now commands $280,200, up 5.1 percent from $266,500 during the same period in 2018. Some cities experienced particularly […]

Housing affordability improved modestly in third quarter: NAR

Housing affordability experienced improvement nationwide after months of struggling, according to the National Association of Realtors’ Housing Affordability Index released Thursday. In the third quarter, the median price of a single-family home in the United States rose to $280,200 from $279,500. Nonetheless, mortgage rates fell from 4.08 percent to 3.71 percent while the percentage of […]

Side raises $35M in Series C funding round

The San Francisco-based brokerage also announced the addition of former Trulia President Paul Levine to its board of directors. Source: click here

Airbnb to debut ‘rapid response team’ after fatal shooting

In the wake of a shooting at an Airbnb listing that left five dead, Airbnb has announced new measures designed to improve safety and trust across its short-term rental platform. They include a rapid response team for fielding complaints from neighbors and human reviews of “high-risk” listings. CEO Brian Chesky wrote in a Wednesday email […]

Zillow revenue continues to explode, but losses widen

The ballooning revenue and losses can be attributed to the scaling of Zillow Offers. Source: click here

News Corp. earnings fall short, but realtor.com parent Move saw growth

News Corp., owner of popular portal realtor.com, revealed Thursday that its revenue declined more than expected in recent months, though realtor.com’s parent Move actually saw revenue grow. Source: click here

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