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The Inman Files: Who won real estate’s earnings season?

This is corporate earnings season — a window into how companies are performing compared to their competitors. The general outlook for American businesses right now is rosy, which more than anything else explains the record stock market hot streak.

As for real estate, earnings reports may begin to show the growing divide between the old and new world — a separation of the pack from those stuck in the past and a new band of leaders.

Zillow killed it, approaching the symbolic $1 billion revenue mark this year and booking its first significant net profit — $9.2 million for the third quarter. Trying to stop Zillow is like a Huaso (Chilean cowboy) trying to lasso a SpaceX rocket ship.

Read Article at Inman.com

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