The iBuyer also revealed Tuesday that it bought 3,609 homes in the first 3 months of 2025. That number represents a 4% year-over-year increase
At $15.1M, Offerpad's Q1 net loss was down 14% from Q4 2024, with home acquisitions up 18% to 454. A 9% drop in home sales caused revenue to shrink by 8% to $160.7M
IBuyer's market cap has dropped below $50M minimum for 30 consecutive trading days, and the New York Stock Exchange wants to know what the company is going to do about it
Companies that can't keep their shares over $1 risk being delisted from the stock market. Opendoor shares crossed that threshold this week, while Fathom crossed it last month
The iBuyer's $1.1B in Q4 revenue wasn't enough to offset a loss of $113M. However, CEO Carrie Wheeler said the company entered 2025 as 'a leaner, more efficient business'
$17.3M Q4 2024 net loss is a 28% increase from the previous quarter, as homes acquired dipped 9% to 384, and homes sold fell 18% to 503. Profits on each sale were also down 24%
What will happen with the commission litigation? Which companies may merge? How will consumers behave? The only thing that's certain is that real estate's next episode will be big
The companies that can afford to, including Zillow, are aggressively growing MLO headcount in order to capture future market share, Mike DelPrete writes
The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14% from Q2 and 26% from a year ago
Real estate giants report mixed results in Q3 earnings statements, as market shifts put profitability and growth strategies to the test
Having slashed operating expenses by 40% from a year ago, the iBuyer has its sights set on eventually boosting home purchases to 1K per quarter on lower cost structure
The company announced on Tuesday that it had hired Selim Freiha to serve as its chief financial officer and Shrisha Radhakrishna to serve as its chief technology and product officer
The iBuyer has appointed David Benson to its board of directors, effective immediately. Benson was Fannie Mae's president for six years, retiring from the role in May 2024
The power buyer CEO also weighs in on whether traditional iBuyers will ever see their Goldilocks moment and turn a regular profit
Portals remain some of the most profitable businesses in real estate, while brokerage company profitability is more business model-dependent