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
Opinion
Perisphere uses an onboard computer vision solution and 0% commission model to help consumers self-direct transactions, using consumer sentiment against agents to sell the tool
Right now, agents are feeling overwhelmed by potential changes post-Sitzer. Coach Darryl Davis offers wisdom and action steps to shore up your business for the tumultuous market ahead
The iBuyer reported Q3 earnings Thursday, with revenues declining 71% YOY to $234.2M. Offerpad dramatically slimmed losses and is on track to reach Adjusted EBITDA profitability by 2024
At CEO Connect on Tuesday, DelPrete used business book 'The Innovator's Dilemma' as context for why traditional brokerages can't adjust on the fly to upstart 100% commission models
Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector
Following a dramatic fourth quarter in which the iBuyer posted losses of $121.1M, Offerpad improved its net loss by 51% to $59.4M in Q1 as it continued to struggle to adapt to a shifting market
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next
IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation's biggest housing markets. Now, real estate agents say their role has diminished dramatically
The firms said they would expand into Houston, Phoenix and Dallas. The expansion follows the group’s February announcement that they would offer their joint service in Atlanta and Raleigh