CEO Brian Bair offered reassurance in the wake of Zillow's iBuying exit that Offerpad's business model is working
Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying
Pretium Partners has agreed to buy some of Zillow's homes as the listings portal exits the iBuyer business, The Wall Street Journal reports
EXp CEO Jason Gesing also told Inman that franchising may see waning popularity, while iBuying is likely to remain a niche offering
Zillow may have damaged relationships with repair contractors in its race to gain market share from rival iBuyers, Business Insider reports
Ahead of eXp's EXPCON event, Sanford also discussed agent compensation and his company's latest earnings results
EXp has managed to place itself at the forefront of numerous real estate trends. Its first companywide event since the pandemic may offer hints at where it's going in the future
San Francisco-based RedDoor has developed a quick pre-approval process for consumers and will see its products integrated into the iBuyer's lending services
Zillow's ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 homes, were they right about where it's headed?
The brokerage and portal company raked in $540M between July and September, and saw its losses improve
Experts envision the company pivoting to the comparatively easier business of working with buyers after the failed experiment of scooping up homes from sellers
Opendoor Complete will let consumers track their transactions and coordinate both home sales and purchases from one location
Keith Rabois also said on Twitter Wednesday that he expects Zillow to suffer 'even greater losses than they admit'
Opinion
This move that has significant implications for the real estate industry. Here's why
Thirty minutes into trading on Wednesday, Zillow Group's stock was down about 16.6 percent to around $70.55 per share