Zillow promotes two SVPs as Hofmann adds COO duties

Zillow Group has restructured its executive ranks, expanding chief financial officer Jeremy Hofmann’s role to include chief operating officer, while appointing Cassandra “Sandi” Knight as its first chief legal and policy officer and promoting two senior vice presidents, according to an announcement on Wednesday. These executive leadership changes come one day after Zillow laid off […]

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M/I Homes trades margin for market share as spec sales rise

M/I Homes is trading some margin for sales growth, speed, and market share. Pair that spec-heavy operating model with an asset-light finished-lot supply, and the returns could become considerably stronger. M/I Homes is making a contrarian bet at a time when much of the homebuilding industry is becoming more cautious. While competitors are reducing speculative

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Better swaps CEOs as profitability timeline looks less certain

A leadership shakeup at Better this week underscores the company’s ongoing struggle to balance its mortgage origination business with its technology ambitions as it pursues profitability, a goal that now appears more distant than leadership previously projected. Daniel Lewis, whose hedge fund Orange Capital shut down in 2016 after 10 years in operation and a

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