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Traditional brokerage or tech company: How is Compass being valued?

Is Compass worth $4.4 billion, and is it being valued as a traditional brokerage or a technology company? Mike DelPrete takes a look at the company’s valuation, revenue, transaction volume, agent count and profitability.
Tags: Agent, Analysis, Brokerage, Data, Opinion, Technology, Compass, Mike Delprete, Re/max, Relogy, Zillow


An epic fall from grace: Realogy’s total stock collapse

NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. Realogy is also shedding more and more poor performing agents, I am told — something most brokers are afraid to do.
Tags: Agent, Analysis, Brokerage, Collection, Exclusive, Industry News, Investing, Opinion, Select, HomeServices of America, Homservices, Realogy, Zillow


Why don’t we think about clients’ specific needs?

Other than that narrow exception that agents make for first-time homebuyers, agents don’t think of clients as having specialized needs that require customized solutions. Instead, agents provide a cookie-cutter approach to standardized service with the same scripts, the same materials, the same programs. That needs to change. Here's how.
Tags: Customization, Opinion, Marketing, Service, Radio, Agent, Zillow, B2b, Trulia, Select, Back To Basics, Joe Rand


Trulia founder Pete Flint’s venture firm NFX raises $275M

NFX splits its investments equally between business-to-business companies and business-to-consumer companies but said that out of 3,000 firms seeking money this year it will ultimately only fund 0.5 percent.
Tags: Technology, Israel, San Francisco, Investing, Radio, Venture Capital, Firefly, Zillow, Zeus, Venture Funding, Ribbon, Trulia, Industry News, Lyric, Select, News Brief


Best friends 4ever? Redfin strikes deal with Zillow to list in 4 cities

Long-time rivals Zillow and Redfin have finally made peace — over one issue at least — and struck a deal that allows the former to directly host the latter's listings in four U.S. cities.
Tags: Technology, Radio, Mls, Nashville, Seattle, Zillow, Redfin, Glenn Kelman, Industry News, Charlotte, Des Moines, Brokerage, Select, News Brief, Multiple Listing Service, Redfin Now


U.S. Home Values Fall for the First Time in Seven Years

The median U.S. home value dropped from March to April, the first monthly decline since February 2012 The typical U.S. home is worth $226,800, down 0.1% month-over-month. The median home value has grown 6.1% year-over-year, the fourth straight month of slowing appreciation. The median U.S. rent is $1,477, up 2.6% from this time last year. This is the sixth straight month that rent prices have grown. For-sale inventory in the U.S. fell 1.7%. There are 26,786 fewer homes for sale t...
Tags: Real Estate, News, California, Los Angeles, Indianapolis, Austin, Radio, United States, Washington Dc, Portland, San Diego, Las Vegas, Houston, West Coast, Kansas City, Cleveland


Millennials can differ by age: what agents need to know

As the oldest of the millennial generation push toward 40, they’re acting less and less like their younger selves. With partners, parenting, new jobs, and pets taking center stage, their lives are often more complicated, their circle of concerns wider and their experiences around home different from their younger counterparts.
Tags: Sponsored, Radio, Agent, Zillow, Dotloop, Zillow Premier Agent, Millenial Buyers, Millenial Real Estate


Why didn’t all the rain put a halt to homes sales this spring?

The conventional wisdom is that the past month of nonstop rain should have put a damper on real estate sales, but, in fact, the opposite has happened.
Tags: Weather, National Weather Service, Texas, Boston, Massachusetts, Listings, New York City, Analysis, Austin, Radio, Washington Dc, Agent, Flooding, Mansion Tax, Compass, Zillow


Zillow: The median home value dropped for first time in 7 years

The median listed home value in the United States clocked in at $226,800 in April, according to the latest monthly home data released by Zillow.
Tags: Listings, Radio, United States, Rents, Mortgage Rates, Zillow, Rentals, Market Growth, Markets & Economy, Home Prices, Skylar Olsen, West Coast prices


New Data Shows Home Buyers Spend 124 Hours, on Average, to Find a Home

Vancouver, BC – May 15, 2019 (PRNewswire) According to a new survey released today by Zolo (Zolo.ca), a top-ranking real estate site where more than 6 million people start their home search each month, North American home buyers view an average of 19 homes and spend an average of 124 hours to find a home. Zolo logo How much time is spent in the homes listed for sale? According to recent Zolo survey data, where more than 1,800 recent home buyers were asked about their most recent home...
Tags: Real Estate, News, Radio, Canada, Vancouver, North America, Zillow, Real Estate News, Zolo, Zolo Zolo, Zolo Realty


Why the biggest challenge to local real estate isn’t iBuyers

Regular Inman contributor Teresa Boardman talks about how Zillow Offers just launched in the Twin Cities and what buyers and sellers truly need in her market (and probably yours, too).
Tags: Opinion, Radio, Agent, Zillow, Affordability, Affordable Housing, Inman, Select, Fair Housing, Instant Offers, Ibuyers, Zillow Offers, Teresa Boardman


NAR CEO says he’s ‘not terrified’ of Zillow

Real estate tech giant Zillow Group has been known to rattle Realtors on occasion, especially as it expands its iBuyer program, Zillow Offers, in which it buys homes for all-cash directly from consumers over the internet. But the CEO of the nation's largest real estate trade group says the company doesn't scare him too much.
Tags: Radio, Zillow, NAR, National Association of Realtors, Zillow Group, Select, SCV, Second Century Ventures, Bob Goldberg, iOi Summit, MLS & Associations, Zillow Earnings


Why you should treat everyone like a client from the moment you meet

Successful real estate agents foster a relationship dynamic in which clients and potential clients start thinking of them like their other service providers, such as their accountants, their dentists and their hair stylists.
Tags: Marketing, Radio, Agent, Zillow, B2b, Select, Build Relationships, Back To Basics, Joe Rand


Zillow Offers is officially live in the Twin Cities, more markets to come

Zillow's direct-to-consumer homebuying and selling platform, Zillow Offers, launched Monday in Minneapolis-Saint Paul, it was announced.
Tags: Technology, Minneapolis, Radio, St. Paul, Zillow, Industry News, PAUL, Twin Cities, Select, Jeremy Wacksman, Zillow Homes, iBuyer, Zillow Offers, Buyers Tools, Zillow Earnings


Zillow Now Buying and Selling Homes in the Twin Cities

Now available in ten markets nationwide, Zillow Offers delivers a new way for Minneapolis-Saint Paul homeowners to sell their home with greater convenience, control and certainty Seattle, WA – May 13, 2019 (PRNewswire) Starting today, home sellers in Minneapolis-Saint Paul can use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Minneapolis-Saint Paul is the tenth market where Zillow now directly buys homes, prepares them for showings and quickly l...
Tags: Real Estate, News, Minneapolis, Radio, Zillow, Tampa, Trulia, Phoenix, Seattle Wa, PAUL, Real Estate News, Zillow Group, Twin Cities, Jeremy Wacksman, Zillow Inc Trulia, Trulia LLC


Zillow Offers Coming to Austin, Los Angeles, Sacramento, San Antonio, San Diego and Tampa

By the end of Q1 2020, Zillow Offers will be available in 20 markets nationwide Seattle, WA – May 9, 2019 (PRNewswire) Home sellers in Austin, Los Angeles, Sacramento, San Antonio, San Diego and Tampa will soon be able to use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow announced today plans to launch Zillow Offers in each of these six markets by the end of the first quarter of 2020. Zillow Offers map Launched last year, Zillow Offers ...
Tags: Real Estate, News, Radio, Zillow, Real Estate News


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.
Tags: Technology, Radio, Seattle, Zillow, Zillow Group, Zillow Trulia, Select, Rich Barton, Zillow Earnings


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. 
Tags: Radio, Zillow, Tampa, Industry News, Select, Opendoor, iBuyer, Zillow Offers, LA Austin San Diego


More Than One in Five Millennials Still Live With Mom

–– Ahead of Mother’s Day, Zillow analysis shows the share of young people living with their moms reached the highest level this century — 21.9% of millennials live with their moms, nine percentage points higher than those of the same age in 2005. — A much larger share of those living with mom have jobs than in 2010, highlighting affordability challenges even as the economy has recovered. — The highest share of millennials living with their moms are in Riverside, Miami, Los Angeles and N...
Tags: Real Estate, New York, News, Radio, Washington Dc, Salt Lake City, Zillow, Denver, San Antonio, Oklahoma City, Chicago Il, Birmingham Al, Seattle Wa, New York Ny, Houston TX, San Francisco CA


Black and Hispanic Communities are Still Reeling from the Foreclosure Crisis

Homes account for more than half of the net worth of black and Hispanic homeowners, and foreclosures disproportionately affected these communities Seattle, WA – April 25, 2019 (PRNewswire) Millions of homeowners across the country lost their homes in the foreclosure crisis, missing out on the opportunity to regain and grow their net wealth as the housing market recovered. But in black and Hispanic communitiesi, the foreclosure crisis hit especially hard, and foreclosed homes in those areas h...
Tags: News, Atlanta, Indianapolis, Radio, Washington Dc, Zillow, Foreclosure, Cincinnati, Chicago Il, Seattle Wa, New York Ny, Houston TX, San Francisco CA, San Jose CA, Boston MA, San Antonio TX


Zillow lead referral platform set to go live in 4 markets

Flex pricing will allow agents to pay only on leads they close in four markets beginning June 4.
Tags: Radio, Zillow


Ready, Set, Home! Tips for Buyer and Seller Success in 2019’s Uncertain Shopping Season

As the housing market eases from its frenetic pace of recent years, buyers and sellers should refresh their strategy for the 2019 home shopping season Seattle, WA – May 3, 2019 (PRNewswire) The magic window for sellers just opened – the first two weeks of May are the best time to list a home, according to Zillow® research, when sellers can make more money and sell faster. The 2019 housing market is already showing marked differences from last year. Home value appreciation nationwid...
Tags: Real Estate, News, Radio, West Coast, Zillow, Seattle Wa, Real Estate News, Zillow Group, Zillow Zillow, Zillow Home Price, Svenja Gudell Dr Gudell, Zillow Real Estate Research Zillow, Zillow Group Inc, Skylar Olsen Zillow


Ready, Set, Home! Tips for Buyer and Seller Success in 2019’s Uncertain Shopping Season

As the housing market eases from its frenetic pace of recent years, buyers and sellers should refresh their strategy for the 2019 home shopping season Seattle, WA – May 3, 2019 (PRNewswire) The magic window for sellers just opened – the first two weeks of May are the best time to list a home, according to Zillow® research, when sellers can make more money and sell faster. The 2019 housing market is already showing marked differences from last year. Home value appreciation nationwid...
Tags: Real Estate, News, Radio, West Coast, Zillow, Seattle Wa, Real Estate News, Zillow Group, Zillow Zillow, Zillow Home Price, Svenja Gudell Dr Gudell, Zillow Real Estate Research Zillow, Zillow Group Inc, Skylar Olsen Zillow


RE/MAX beats estimates with $71.2M revenue in Q1 2019

RE/MAX blew analysts' expectations out of the water Thursday, reporting $71.2 million in revenue during the first three months of 2019.
Tags: Investing, Radio, Earnings, Zillow, Redfin, Industry News, Markets & Economy, Brokerage, Select, News Brief, Adam Contos, RE/MAX


Indie brokerage launches unconventional iBuyer program

Texas-based brokerage JP & Associates Realtors announced Tuesday it has teamed up with a tech company to launch an agent-centric cash offer program.
Tags: Texas, Technology, Investing, Radio, Zillow, Redfin, Industry News, Keller Williams, Brokerage, Select, Opendoor, Offerpad, JP Piccinini, Glenn Kellman, iBuyer, JP Associates Realtors


8z Real Estate is latest brokerage to jump into the iBuyer business

Colorado-based real estate brokerage 8z Real Estate is the latest to offer a direct-to-consumer homebuying and selling platform, known as an "iBuyer."
Tags: Technology, Colorado, Radio, Zillow, Denver, Industry News, Brokerage, Select, Opendoor, 8z Real Estate, Redfin Now, Offerpad, Zavvie, 8z, Lane Hornung


Heard it through the grapevine

The realty gossip mill is buzzing these days with rumors about Zillow, Keller Williams and NRT.
Tags: Technology, Opinion, Radio, Zillow, Industry News, Keller Williams, NRT, Gary Keller, Select, Rich Barton, Zillow Keller Williams


April Monthly Radar

[Note from editor: We publish a Weekly Radar for Geek Estate Mastermind members with a range of curated links and analysis/commentary that comes out every Friday morning along with member news to peruse. This is a summary for the month of April.] Mastermind Summary April was full of events. I spent three weeks on the East Coast, and produced the first Geek Estate Mastermind Soirée in New York City hosted at MetaProp’s new office space, PropTech Place. There, 30 attendees discussed the future of ...
Tags: Minnesota, NYC, Boston, New York City, Radio, East Coast, Zillow, Chris Lewis, Veritas Investments, Zillow Group, MetaProp, Tri State Area, Sam DeBord, Keyo, Zvi Band, Geek Estate Members


Coming Wave of Young Millennial Home Buyers Expected to Further Tighten Market for Starter Homes

-Nearly 45 million Americans will reach the typical age for first-time home buyers in the next decade, 3.1 million more than in the 10 years prior – Starter homes have gained 57.3% in value over the past five years, while inventory in the bottom third of the market has fallen 23.2%, creating a shortage of affordable homes for first-time buyers. – The demand from this coming wave of buyers will likely keep starter-home values high while those unable to purchase homes will keep pressure on ...
Tags: Real Estate, News, Washington, Boston, Indianapolis, Radio, Portland, San Diego, Seattle, Cleveland, Zillow, Baltimore, Columbus, San Antonio, Orlando, Cincinnati


Gary Keller and his fight for the soul of the real estate galaxy

Gary Keller has embarked on the risky journey of reshaping Keller Williams around his technology vision. The fate of the universe is not at stake, but Keller's legacy might be.
Tags: Technology, Opinion, Radio, Compass, Zillow, Redfin, Keller, Keller Williams, Gary Keller, Markets & Economy, Select, Josh Team, Exp Realty



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