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Tag Archives: Zillow

Zillow now earns almost half of his money by turning houses

Zillow, the real estate search and advertising platform, has entered the real estate brokerage business to a large extent. This means that in the three months ended June 30, the company generated approximately 41.5% of its home-sales revenue. Zillow generated $ 599.6 million in sales in the last quarter, of which $ 248.9 million came from its own home segment, …

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Zillow relies on turning houses, and investors seem to like it

Zillow Group Inc. believes that "covered" consumers immediately want to buy and sell real estate through their mobile phone, making them more likely to buy real estate despite the risky forecasts. Thursday Zillow ZG, + 0.46% said in the fourth quarter results that it would invest more in its Zillow Offers service, allowing consumers to easily sell their homes to …

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Zillow share crashes, on pace for worst day in almost 7 years

To supplement the new strategy, Zillow announced on Tuesday his plans to acquire mortgage lenders from America. The terms of the transaction were not disclosed, but Wall Street did not look positive about the merger. Bank of America / Merrill Lynch analysts downgraded the stock on Tuesday, warning that mortgage lending may affect profitability next year. 19659002] CEO Spencer Rascoff …

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Zillow punishes for new business, but doubles by buying new

Zillow Inc. continues to expand beyond its core real estate signing business, but was punished on Monday as its second quarter showed that these efforts are taking longer than expected, despite doubling by another takeover. On Zillow's shares tumbled 16% into after-hours trading on Monday after new earnings were lower than expected, and announced the acquisition of Mortgage Lenders of …

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Zillow surprises investors by buying homes – TechCrunch

Real Estate Platform Zillow changed her business model this week, announcing that she wants to buy and sell houses in Las Vegas and Phoenix. Zillow will work with Berkshire Hathaway and Coldwell Banker Make offers on houses before finding a buyer. Zillow will pay commissions and also "make necessary repairs and updates and list the house as soon as possible." …

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Why Zillow Group, Inc. shares crashed today – The Motley Fool

What happened The shares of Zillow Group (NASDAQ: Z) (NASDAQ: ZG) fell heavily on Friday morning. Class A shares even fell by 11.1% and non-voting Class C shares fell by a maximum of 10.4%. From 3:00 pm EDT, both share classes recovered slightly to a daily loss of about 7.5%. The provider of online real estate information and distribution services …

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Flip this house! Zillow plans to buy and sell houses

Zillow is the place to go if you want to know how much more the house you bought a few years ago is worth – not to mention the houses of all your neighbors But the real estate information company plans to also deal with the buying and selling of houses. The company announced on Thursday afternoon that it would …

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Zillow enters the business

Zillow's expansion into direct home buying and selling follows a similar move as his rival Redfin last year Seattle Times business reporter Zillow from Seattle (19659006) The company announced on Thursday that it will test a pilot program that will directly buy and sell homes in selected markets for the first time. Most people simply list their home in the …

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Zillow launches its home-flipping program in Phoenix and Las Vegas

12. April 2018, 5:29 PM EDT Zillow Group Inc. plans to buy homes directly from vendors to test its ability to earn money by turning over real estate. The site operator is building on a program called Zillow Instant Offers, where sellers upload information about their homes and receive offers from local investors within 48 hours. The sellers also get …

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