Zillow Group’s big bet on home sales boosts company-wide revenue 84% to $600M in Q2 – 10minmail

[ad_1] (Zillow Photo) Zillow Group is roughly six months into its plan to focus primarily on buying and selling homes, and so far the move has supercharged growth for the real estate giant as the new business alone is already approaching $1 billion in annual revenue. However, Zillow stock is dropped as much as 13 […]

Rapidly growing Zillow Offers direct home sales program opens in 15th market, with more to come – 10minmail

[ad_1] (Zillow Map) Zillow Group is betting its future on directly buying and selling homes, and it is rapidly expanding the service across the U.S. Zillow Offers, the service that lets customers go online to request cash offers directly from Zillow, debuted in Nashville today, its 15th market since launching 16 months ago. Zillow plans […]

Redfin stock soars as home sales business powers 39% revenue spike to $197M – 10minmail

[ad_1] (10minmail Photo / Nat Levy) Redfin stock is soaring after the tech-powered real estate brokerage sailed past analyst expectations and projected a huge spike in revenue in the current quarter. Redfin’s confident projections and its strong results were powered by the Properties division, which includes the company’s RedfinNow initiative for buying homes directly from […]