The former Zillow CEO touched on iBuying, real estate companies going public and 'global asset inflation' during a discussion at Connect Now
This is the third special purpose acquisition company that Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched this year
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Redfin's iBuyer service now operates in 22 markets nationwide
Many consumers may not realize it, but they're increasingly competing against institutional investors and contending with soaring building costs
Offerpad has chosen Indianapolis as its first Midwestern market. The iBuyer's full suite of services will be available this summer
To help alleviate the stress of selling, Offerpad will now give sellers the option of remaining in a home up to 60 days after closing escrow
Redfin is about to get a new second-in-command, all the while continuing its efforts to be consumers' preferred one-stop real estate shop
Nagel has been with the tech-oriented brokerage for almost 14 years. Adam Wiener, Redfin's current chief growth officer, will take his place
Spencer Rascoff and Offerpad CEO Brian Bair spoke to Inman about the behind-the-scenes moves that led to Offerpad's decision to go public via a special purpose acquisition company
One of the nation's largest iBuyers is going public with the help of a former rival executive
The company wants to double its total markets in 2021 but is eyeing a much bigger goal
The iBuyer platform is now live in a total of 12 US markets
Buyers will need to get pre-qualified with Opendoor Home Loans or another mortgage company. Then, Opendoor will pair the buyer with a real estate professional in their market
The average buyer broker commission rate iBuyers paid when they resold a home fell to 2.5% in 2020 from 2.8% in 2019, according to a new analysis by Redfin