Sam Hall/Bloomberg Homebuying power is at its highest level in nearly four years, as lower mortgage rates and slowed demand has improved affordability, a new industry report found. Processing Content A median-income household in the United States could comfortably afford a $331,483 home with a 20% down payment in January, $30,000 more than a year […]
Homebuying power hits highest level in nearly 4 years Read More »
Zillow is seeking to have the consolidated Taylor-Armstrong Real Estate Settlement Procedures Act (RESPA) lawsuit dismissed. The real estate giant filed its motion to dismiss in U.S. District Court in Seattle on Friday. The lawsuit, which was consolidated in early December, began in mid-September, when plaintiff Alucard Taylor filed his initial complaint. Taylor alleged that
Zillow seeks dismissal of consolidated RESPA lawsuit in Seattle Read More »
Zillow Group Inc. forecast first-quarter profit that falls short of analyst estimates as the home-search site balances legal costs from ongoing litigation and expenses from the company’s partnership with Redfin. Processing Content The Seattle-based company said Tuesday it sees adjusted earnings before interest, taxes, depreciation and amortization range with a midpoint of $167.5 million for the three
Zillow profit view misses on cool housing market, legal costs Read More »
Zillow and Redfin must turn over documents related to their $100 million rental syndication agreement, according to a court order issued on Thursday in the antitrust lawsuit filed by state and federal regulators. On Thursday, Judge William Porter ruled that the defendants must comply with the document production requests issued by the Federal Trade Commission
Redfin, which is now owned by Rocket Companies, is following in Zillow’s footsteps and launching an app integration with OpenAI’s ChatGPT. The company announced Friday that ChatGPT users now have access to a Redfin app within the platform that allows users to locate property listings relevant to their home search parameters and chat with the
Redfin rolls out ChatGPT app for real estate searches Read More »
A New York City-based U.S. District Court judge has denied Compass’s preliminary injunction motion in its antitrust lawsuit against Zillow. As a result of Judge Jeannette Vargas’ ruling, Zillow may continue enforcing its listing access standard policy, which bans listings from its site that have been publicly advertised for more than one business day prior
Judge denies Compass injunction against Zillow listing policy Read More »
A Zillow spokesperson has confirmed to HousingWire that the real estate listing portal giant has terminated approximately 200 employees or roughly 3% of the firm’s total workforce in recent weeks. The company confirmed that the cuts were widespread throughout the company and not concentrated to any particular business segment. According to the company, these were
Zillow workforce reduced by 3% amid annual performance reviews Read More »
Zillow is facing another antitrust lawsuit, this time from a real estate agent who described the company’s efforts to steer homebuyers to its allegedly less competitive mortgage business. Processing Content Stephanie Dupuis, an agent with a team based across the Puget Sound from the Seattle real estate listing giant, filed her class action last week
Zillow sued for steering buyers to its mortgage unit Read More »
Lawmakers in Washington state are weighing in on the real estate industry’s private listing debate. On Monday, state legislators introduced a bill that seeks to amend an existing state statute related to real estate licensing laws by restricting the use of private listing networks in the state. The bill describes itself as “an act relating
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Zillow’s 2025 Consumer Housing Trends Report for Agents shows that more than one-third (36%) of home sellers now find their agents online, a sharp increase from just 15% in 2018. Among buyers, 33% said online research played a significant role in selecting an agent. At the same time, repeat buyers now account for a majority
Why most buyers hire the first agent they talk to Read More »