Best Places To Work: Rocket, Zillow Make List

Fortune released its Top 100 Places to Work list Monday, with four mortgage/real estate companies making the list – led by Rocket Companies at No. 5. Here are the four companies that made the list (Cisco was No. 1): 5. Rocket Companies 8. Camden Property Trust 22. Bank of America 47. Zillow Group “Everything we do is framed by our culture and by our ISMs. Over the past year, we have been guided by the ISM ‘We’ll Figure it Out’ as we navigated the challenges introduced by the pandemic while still creating the best possible experience for our team members,” said Jay Farner, Rocket Companies’ CEO and Vice Chairman. “When COVID-19 began spreading across the country in the U.S., we rapidly launched…

Zillow, RE/MAX: This Is How Twitter Wars Start

It started innocently enough: I look at Zillow like it’s my social media. 🤷🏻‍♀️🏡— Whitney Ortiz (@OrtizWhit) March 30, 2021 Which Zillow appreciated: We like to think of it as research 😎— Zillow (@zillow) March 30, 2021 But then RE/MAX had something to say: You might want to try a more trusted site. 😉— RE/MAX (@remax) March 30, 2021 We’ll update you with any developments in the burgeoning Twitter war.…

Zillow To Hire 2,000 In 2021

Zillow announced Thursday that it will hire more than 2,000 employees across the country this year, which would increase its workforce by 40 percent. Most of the new roles would be working in the tech, mortgage and loans, and product and software development functions, Zillow said. The new roles would be a mix of field and on-site roles. “While we boldly reimagine how to buy and sell homes for today’s digitally minded customer, Zillow is seizing the opportunity to reimagine how we work,” says Dan Spaulding, chief people officer at Zillow. “Our Distributed Workforce Model is a more inclusive, more personalized, more flexible, more efficient way of working. We are broadening our pipelines to attract more underrepresented talent and are…

US Home Value Gap Shrinks Among Races

The value for Black and Latino-owned homes lags behind overall home values, but the gap is narrowing, according to a new analysis released Tuesday by Zillow. The analysis found that Black and Latino-owned homes are worth 16.2 percent and 10.2 percent less than the typical U.S. home – values that have closed by roughly 4 percentage points in recent years. “It has taken nearly a decade for the home value gap to return to pre-recession levels, but still, the gap remains very large,” Zillow economist Treh Manhertz said. “With Black and brown communities and jobs hit disproportionately hard in the pandemic, there has been reason to worry another dip may be on the horizon that could slow or stop the…

Zillow Reports Q3 Revenue Of $657 Million

Zillow announced third quarter financial results, as the online real estate company posted strong revenue amid the coronavirus pandemic. “Zillow’s strong third quarter results reflect impressive execution during a time of challenge and opportunity,” Zillow Group co-founder and CEO Rich Barton said. “Many of us are re-evaluating where we live and how we live, which has kicked off a Great Reshuffling, and we need safe, digital ways to get to a better place.” Total consolidated revenue of $657 million and revenue for all three segments exceeded the high end of the company’s revenue outlook for the third quarter.Segment income (loss) before income taxes was $140 million, $(76) million and $11 million for the IMT, Homes, and Mortgages segments, respectively, and…

How Much Can You Save By Refinancing?

Mortgage rates are sitting at record lows and US homeowners are taking advantage by refinancing their mortgages. For those who haven’t refinanced, Zillow is offering a look at how much they could save on the typical house in markets across the country. “Choosing whether to refinance your mortgage is ultimately a personal choice, but recent moves in mortgage rates have probably made that decision a whole lot easier for those who qualify,” Zillow economist Matthew Speakman said. “Mortgage rate declines have allowed many to lower their monthly mortgage payment or tap into the equity they’ve built in their home by refinancing their loan – offering some financial stability to many in a time of great economic uncertainty. With rates poised to…

Zillow’s iBuyer Program Resumes In 5 Markets

Zillow’s iBuyer program resumed buying homes in five more markets Tuesday, bringing the total to 20 of the 24 markets it was operating in prior to the coronavirus pandemic shutting everything down. Zillow Offers resumed operations in Los Angeles, Riverside, Minneapolis, Cincinnati and Orlando. The program paused nationwide March 23 and has gradually begun operating in markets across the country in recent weeks. “Home sellers want a more convenient, seamless and safe way to sell their home, and we’re excited to bring Zillow Offers back to more sellers around the country,” Zillow President Jeremy Wacksman said.  Zillow Offers is currently available for sellers in Atlanta, Austin, Texas, Charlotte, N.C., Cincinnati, Colorado Springs, Colo., Dallas, Denver, Fort Collins, Colo., Los Angeles,…

Zillow Updates Listings To Include LGBTQ Info

Zillow updated all property listings on Tuesday to include whether homes are in communities where state and local laws protect individuals who are lesbian, gay, bisexual or transgender from discrimination. All listings on Zillow, including those that are on or off the market, include the updated information. “It’s 2020, and yet, unfortunately, in many parts of the United States, LGBTQ+ home shoppers still face housing discrimination,” said Dawn Lyon, Zillow chief corporate relations officer. “That’s why we strongly support federal-level protections as part of the Equality Act. In lieu of federal law and in the spirit of ‘turning on the lights,’ we want to give people the most information possible when buying, renting and financing a home, including which communities…

Zillow Reopens 6 More iBuyer Markets

Zillow announced Tuesday that it is resuming its iBuyer program in six additional markets – bringing the total to 15 – after shutting it down in all markets at the height of the coronavirus pandemic. Zillow is reopening Zillow Offers in Atlanta, Dallas, San Antonio, Austin, San Diego and Sacramento. Previously, Zillow Offers opened up in Portland, Oregon; Nashville; Denver; Fort Collins, Colorado; Colorado Springs, Colorado; Raleigh; Charlotte; Phoenix; and Tucson, Arizona. The company paused buying homes in the 24 markets where Zillow Offers operates on March 23 in response to housing market uncertainty and public health concerns. “Our goal at Zillow is to help people navigate what can be a stressful and complex process, and with Zillow Offers, give…

Zillow Resumes Home Buying In Four Markets

Nearly two months after shutting down its iBuyer program across the country due to the coronavirus pandemic, Zillow announced Monday it is resuming home purchases in four markets. Zillow’s purchase program – known as Zillow Offers – is restarting in Phoenix; Tucson, Ariz.; Raleigh, N.C.; and Charlotte, N.C. Purchases in the other 20 Zillow Offers markets remain on pause, as they have been since March 23. “We are excited to begin purchasing homes again and making it even easier for home sellers to move — with new cleaning protocols and more virtual tools and services,” Zillow President Jeremy Wacksman said. “These past two months have confirmed our belief that real estate is resilient. In fact, we’ve seen that people – despite these…