The Real Word: Why iBuyers are pressing pause

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they discuss delayed mortgage payments and iBuyers’ decision to suspend instant offers.

Zillow CEO: ‘There’s no coronavirus playbook’

Rich Barton laid out plans to cut 25 percent of quarterly expenses by pausing hiring, cutting marketing, halting homebuying and reducing discretionary spending.

Zillow CEO: ‘There’s no coronavirus playbook’

Rich Barton laid out plans to cut 25 percent of quarterly expenses by pausing hiring, cutting marketing, halting homebuying and reducing discretionary spending.

Zillow suspends homebuying in all 24 Zillow Offers markets

Zillow CEO Rich Barton cited safety concerns and said the company plans to fully resume iBuying once health concerns pass.

Opendoor temporarily suspends homebuying, citing safety concerns

A spokesperson for the iBuyer said the company’s priority is “the safety and well-being of our customers, employees and the general public.”

RedfinNow temporarily suspends homebuying amid market slump

RedfinNow, the direct-to-consumer homebuying and selling platform, will not be buying homes for the near future, CEO Glenn Kelman confirmed in a letter to shareholders.

DealHouse proves not all iBuyers are bent on disruption

DealHouse founder Chris Chiarenza waives buy-side commissions, gives listings back to referral agents, and wants agents and iBuyers to cohabitate.

Zillow Offers continues expansion, launches in Cincinnati

The southwestern Ohio market is the 24th for Zillow’s direct-to-consumer homebuying and selling platform.

These 15 markets are poised to become the next iBuying hotspots

A change in FDIC regulations will make it easier for iBuyers to enter markets in the North and South, according to home-value data platform Ownerly.

IBuyer aggregator OfferBarn releases updates to offer analyzer

Red Barn Real Estate CEO developed a web app for accumulating and comparing iBuyers, cash investors and open market transactions.