A lack of buyers in the market has pushed a near-record share of homeowners to rent out their properties, industry data shows. Processing Content Units owned by “accidental landlords” accounted for 2.3% of the listed rental stock in October, according to research from Zillow. That’s more than any share in Zillow’s nearly six-year record, outside […]
Slow home sales are creating accidental landlords Read More »
Zillow is making changes to its leadership team. On Wednesday, the company announced the promotions of three existing Zillow leaders. These appointments include Christopher Roberts as chief product officer, Marissa Brooks as senior vice president of corporate affairs and Jon Lim as senior vice president of rentals product and business operations. In his new role,
Zillow promotes three executives, including new chief product officer Read More »
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 »
Despite a challenging legal year, Zillow Group recorded strong financial results in 2025, according to the firm’s full-year and fourth-quarter 2025 earnings report published on Tuesday. Revenue in Q4 2025 rose 18% annually to $654 million, while revenue for the full year was up 16% compared to 2024, reaching $2.6 billion. In addition, net income
Zillow returns to profitability in 2025 as mortgage and rentals drive growth 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
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
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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
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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 »