iBuying has been a hot topic for our audience since Zillow announced Tuesday that it lost $421 million on Zillow Offers and was killing that program. While many real estate agents cheered the news, Zillow's misadventures may be limited to its own missteps and not a harbinger of doom for other iBuyers. An overview of our coverage this week:
That wide-spectrum view on housing is our secret sauce, something we focused on at our HW Annual event with the theme All Things Housing. Sessions from that event are now availableon-demand so you can binge content about cybersecurity, tech disruption, valuations, eClosing, the economic forecast, servicing and so much more.
Redfin CEO Glenn Kelman doesn't believe that iBuying is going away, but he does believe that his brokerage needs to be smart in how it incorporates iBuying into the larger suite of real estate services the company offers.
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Rocket Companies, parent of Rocket Mortgage, generated a whopping $1.4 billion in net income in the third quarter. Executives say they're going to have 10% of the market in 2022.
HousingWire recently spoke with John G. Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business.
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