After posting losses in 16 of the past 18 quarters, Opendoor implemented the latest in a string of layoffs on Wednesday, primarily on the iBuyer's sales side, Inman has learned exclusively
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
The companies that can afford to, including Zillow, are aggressively growing MLO headcount in order to capture future market share, Mike DelPrete writes
In the wake of the National Association of Realtors' 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows
DropOffer has released a fully refreshed browser version of its off-market home sales platform
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
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
CEO Brian Bair said in a recent interview that agents no longer view Offerpad as a threat, noting they can make 4% if a client takes the company’s cash offer and the home is updated and resold
The iBuyer declined to confirm how many employees have been let go. Recent SEC filings show widespread cuts compared to a year earlier
The iBuyer's revenue declined 24% year over year to $1.5B as losses hit $92M, down from positive income of $23M the previous year
A University of Washington study revealed iBuyers give Black homeowners better offers than they receive on the open market. However, those offers potentially come with some longterm tradeoffs
'The Offer Mobile' is driving around neighborhoods in Nashville, Tennessee, to literally bring Opendoor's instant offers to consumers' front doors
Peter Knag joins the company in the middle of a rough real estate market, and when iBuying specifically appears to have lost some of its buzz
The iBuyer lost $17.5M between January and March, according to an earnings call Monday afternoon. However, that represents a 71% improvement compared to a year earlier
United States property investors are putting the pedal to the metal and feeling optimistic despite a turbulent housing market