Zillow is having a good August. After the real estate technology company announced better-than-expected earnings numbers, its stock soared by almost $14 per share. The boost probably made a lot of investors happy, but the collateral impact was that it also pushed Zillow’s market capitalization — or the company’s value — into the neighborhood of […]
Why Put iBuyers, Zestimates in Your CMAs
by Jay Thompson Why in the world would an agent include iBuyers and Zestimates in their CMAs? An Inman piece titled “Most agents aren’t including Zestimates, iBuyer info in CMAs” elicited a lot of negative response from real estate agents. But because there is interesting data and insight in this report, agents would be well-advised […]
7 Agent Changes in 10 Years
So much of what team members and real estate agents use today–Instagram, Snapchat, targeted advertising and more–didn’t exist a decade ago. But it’s more than just what’s on our phones that changed the job. Here are 7 things that changed and impacted agents in the past decade: 1. The digital signature. The amount of time saved […]
Trulia Sued by Broker Over Premier Agent Advertising
Trulia, an online search portal owned by Zillow Group, is being sued over its Premier Agent program, which allows agents and brokers to advertise buyer’s agent representation on listings. The lawsuit, filed in U.S. District Court in the Eastern District of New York and first reported by The Real Deal, seeks $5 million in damages from the company, claiming […]
Nov. 12 CVAR At A Glance
Featured Classes and Events Nov. 12 | Probate Process From A to Z – Atty. Paul Horn Nov. 12 | CRMLS Training – Free – CVAR East (Rancho Cucamonga) Nov. 13 | New Member Orientation – All locations Nov. 13 | zipForm® Basic – All locations – Free Nov. 14 | Real Estate FORWARD Micro-Conference & […]
Zillow Tests Closing Platform
Zillow is testing a “homegrown closing services” platform in a handful of markets — including title and escrow services — in what the company says is an attempt to bring the company closer to offering a one-stop platform to wrap around its homebuying and selling platform, Zillow Offers. The move is also an effort to […]
Wait! That’s My Listing Photo!
Knowing how important high-quality photography is for marketing properties, real estate pros may spend considerable time on obtaining great listing photos, but overlook some critical legal aspects, including who owns the photos and videos and who has the right to give others permission to use these images or videos. Ignoring questions of legal ownership poses […]
Latinxs Wealth in Housing
Latinxs–people of Hispanic, Latinx or Spanish origin–are becoming homeowners at a higher rate than the overall U.S. population, beginning to close a gap with the white homeownership rate that has tripled since the start of last century. Affordability and racial inequity combined to exacerbate the disparity that’s existed during the past 12 decades. The typical […]
Zillow Survey: Recession Forecast for 2020
Half of a panel of more than 100 real estate and economic experts said they expect the next recession to begin in 2020, with another third (35%) predicting the next recession to begin in 2021, according to a Zillow survey. Trade policy, a geopolitical crisis and/or a stock market correction were the factors identified by […]
Most Homes at Risk From Wildfires Are in SoCal
Nearly half a million homes in California risk being in the path of wildfires, according to an analysis that combines U.S. Forest Service data with Zillow housing data. The Forest Service risk map specifically depicts the potential for wildfires that would be difficult to contain. In California, there are 477,039 homes worth $268.2 billion in areas deemed to […]