Tech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities
Key news this week includes comments on “AI fear,” Zillow Rentals adding conversational AI and Optimal Blue revealing a new refinance tool.
Zillow
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The feud between Robert Reffkin, Zillow rages on
Compass CEO Robert Reffkin continued to push back against Zillow’s listing policy as the real estate industry prepares for it to go into effect.
AI assistant Shilo closes $2.6 million seed funding round
The funding round was led by AZ-VC, and Shilo said the funds will help accelerate product development and go-to market expansion.
Zillow: Luxury housing market slowed in April
Despite a market slowdown, prices have continued to rise as luxury home values increased 2.7% year over year.
Zillow posts strong Q1, touts listing transparency and app traffic
CEO Jeremy Wacksman said the company remains on track to meet its full-year goals, including low- to mid-teens revenue growth.
Zillow’s Follow Up Boss changing API call recording, text access
The Zillow-owned CRM announced Thursday that the only companies not impacted by the change were Ylopo, MaverickRE and Shilo.ai.
Homes.com’s Andy Florance hits back at Zillow
CoStar CEO Andy Florance hits back at Zillow about delayed listing status amid debate over NAR’s Clear Cooperation Policy.
NextHome commits to Zillow’s listing transparency standards
By agreeing to Zillow’s new standards, NextHome is committing to not publicly market a property prior to placing it in the MLS
Appeals court affirms ruling that ‘no commingling’ is not an antitrust violation
Originally filed by REX in March 2021, the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”
Glenn Kelman, Redfin eye profitability in 2025
Redfin executives believe the company has made the necessary adjustments and investments to grow in 2025 after another net loss in 2024.