Opinion
Home price appreciation is through the roof, and that's good news for Opendoor. Its current listings are averaging 17% increases over the purchase price
Opinion
Like Zillow, the biggest real estate tech companies have set their eyes on agent commissions as the answer to their revenue needs. Find out how they plan to get that money out of agents' wallets
Opinion
In a notoriously slow-moving industry, the major, publicly listed brokerages all posted impressive revenue, transaction and agent count growth in 2021. Mike DelPrete crunches the numbers and explains what they mean for the future of brokerage
Opinion
Opendoor, the original iBuyer and undisputed category leader, is laser-focused on scaling nationally and proving that it has a winning model. Economies of scale will be a key part of the equation
Opinion
After shuttering Zillow Offers, the company is going back to its agent lead gen roots, according to Mike DelPrete. It's looking for an additional $1.5B to be paid by real estate agents
Opinion
Despite some setbacks, 2021 was a massive year for iBuyers, with more houses bought and sold by the platforms than ever before
Opinion
A comparison of Zillow Offers and Opendoor highlights the critical importance of pricing in iBuying. There's an understated elegance in the detail; it's not just buying low and selling high. But what makes for a successful pricing operation?
Real estate portals around the world are making huge bets on next-generation lead generation tools that target buyers and sellers and include lead qualification standards and commission sharing, otherwise known as success fees
Opinion
Seasonality and the Zillow exit will certainly impact this, but for the time being, iBuyers are at an all-time high, with Opendoor leading the pack
Opinion
This move that has significant implications for the real estate industry. Here's why
Opinion
Within the context of long-term industry disruption, Zillow's loss may simply be an embarrassing detour on its inexorable march to transform real estate
Opinion
Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed the signs or proceeded anyway. Regardless, it’s a timely reminder that growing an iBuyer business is challenging
Compass' growth over the past 3 years has been remarkable. It is one of the fastest growing real estate brokerages of all time — yet its stock price continues to decline
Real estate tech companies are going after mortgage, but now mortgage is going after real estate
IBuyers are closer than ever to profitability. But the overwhelming majority of profits are coming from record home price appreciation, which won't last and is on the decline
Opinion
The lead may have slipped, but the truth is that both companies are extracting more revenue from agents than ever before
The hot real estate market has fueled strong growth across the industry. Compass' growth is noteworthy, and it demonstrates that though the industry moves slowly, some players move faster than others
Home prices are record high, and iBuyers are paying above market values for the houses they buy, but they're also reselling them for more than ever before
Driven by high purchase and sale volumes and the rise in home values, iBuyers will have blowout quarters with record revenues
For any company attempting to generate profits from adjacent services, and there are a lot, mortgage remains hard. It is no panacea for profitability
