Billionaire-backed discounter shuts brokerage offices

SRE Matrix, a low-fee, tech-focused brokerage that launched in 2014, recently closed its Honolulu office, completing a wind-down of the firm’s company-owned brokerage offices.

Warren Buffett’s HomeServices of America acquires franchisee

The transaction continues HomeServices of America’s years-long acquisition spree, putting it even closer to overtaking NRT, the brokerage company owned by Realogy, as the largest brokerage firm in the country by sales volume.

Zillow will announce winner of $1M Zestimate contest later this month

On January 30, Zillow plans to reveal the winner of “Zillow Prize” and award $1 million to the team that made the biggest improvements to the accuracy of the Zestimate. Zillow is also awarding $100,000 to the runner-up and $50,000 to the third-place contestant.

Opendoor co-founder critiques investor’s big funding rounds

Keith Rabois thinks the SoftBank Vision Fund’s huge infusion of capital in startups, including Opendoor, can keep them from addressing their problems. His comments come just months after Opendoor itself received $400 million in funding from the SoftBan…

Hire a professional or do it yourself: Homeowners share all

A new study from the National Association of Realtors suggests agents may want to consider steering clients to achievable home renovation projects.

Low-fee brokerage Houwzer nabs $4.5M more in funding

Houwzer serves homebuyers and sellers in Philadelphia and Washington, D.C., and with the new funding, plans to expand to a third, as-yet-unnamed, market in the next year.

Compass slapped with lawsuit over website access for the blind

Compass is being sued for allegedly failing to make its website fully accessible to blind people, raising the specter that real estate brokerages remain exposed to a similar legal risk.

Top purchaser from iBuyers accused of aggressive eviction tactics

The company’s Memphis-area rentals also amassed property violations at an unusually high rate, equal to a new violation every day or two, according to The Post.

Arizona Realtors get Lone Wolf transaction software

TransactionDesk will be made available to Arizona’s 50,000 Realtors under the deal.

Can machine learning value homes more accurately?

ClearAVM is designed to help lenders with tasks including pre-valuation, portfolio valuation, home equity situations and underwriting.