Mike DelPrete on the perils of hurting for cash in a down market
Brokerages and emerging disruptors alike dipped into savings as revenues declined late last year. Industry analyst Mike DelPrete spoke exclusively to Intel about the options at their disposal
by Daniel Houston Mar 29
Real estate took a drubbing in Q4, but some companies still surprised
Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves
by Jim Dalrymple II Mar 2
'Go big or go home': Opendoor's high-stakes bid to disrupt real estate
With billions saved — and lost — Opendoor is living by the creed 'go big or go home.' Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes
by Mike DelPrete Mar 1
Opendoor's losses doubled in Q4 as the iBuyer's revenue fell 25%
The dominant iBuyer lost nearly $400M in the fourth quarter, according to an earnings call Thursday. That's better than the previous quarter, but a big jump from the same period in 2021
by Jim Dalrymple II Feb 23
Gary Keller on ChatGPT, iBuyers and companies that 'rent' their tech
Keller headlined his company's Family Reunion conference Sunday, saying that he doesn't think flashy new artificial intelligence tools are on the verge of upending the real estate industry
by Jim Dalrymple II Feb 19
Redfin sees revenue fall, losses mount amid tough market in Q4
The portal and online brokerage saw revenue fall 25% year over year during the fourth quarter of 2022, and lost a total of $61.9M, according to an earnings call Thursday afternoon
by Jim Dalrymple II Feb 16
Zillow sees revenue dip in Q4, but manages to trim losses
The portal giant brought in $435M in revenue during the fourth quarter of last year and lost $72M, according to 4Q22 earnings released Wednesday afternoon
by Jim Dalrymple II Feb 15
Cost cutting and existentialism: What to expect from earnings
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive
by Jim Dalrymple II Feb 15
Offerpad cutting more jobs in conjunction with $90M raise
Struggling iBuyer confirms the company has laid off an unspecified number of employees in a second round of layoffs, with more details coming on Feb. 22 Q4 earnings call
by Matt Carter Feb 2
Offerpad buys more time with $90M raise as end of runway approaches
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
by Matt Carter Feb 1
Compass went public 2 years ago. Can it recover from its stock slump?
Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors' appetite for shares fall significantly
by Jim Dalrymple II Jan 25
Layoffs hit rent-to-own company Home Partners of America
Layoffs come a week after the shutdown of RealSure, Home Partners' iBuyer joint venture with real estate franchising giant Anywhere, and include Pathlight Property Management
by Matt Carter Jan 19
How Offerpad execs plan to pivot from seller's to buyer's market
Executives at pioneering iBuyer see tremendous opportunity if they can negotiate today's challenging 'in-between' phase where buyers and sellers are on the fence
by Matt Carter Jan 19
Lower signs Opendoor as first mortgage platform customer
Lower's 'mortgage as a service' platform lets brands offer digital-first mortgages through application programming interface and no-code solutions
by Matt Carter Jan 17
After a near 90% fall, analytics firm sees Opendoor shares rising to $6
A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching
by Jim Dalrymple II Jan 12