The companies' integrated technology will streamline the process to make Opendoor cash offers available to eXp's tens of thousands of agents
In a Q4 earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the 'potential for a more normalized macro backdrop' in 2024
Gurley joins Zillow at a time when the portal giant is under pressure to evolve and deliver on its promise to create a housing super app
Wu founded Opendoor in 2014 and served as the company's chief executive officer until last year. He said in a statement that he's leaving to focus on building new things
CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp
The iBuyer saw revenue fall 71% year over year in the 3rd quarter of 2023. The company also lost $106M — a reversal from Q2's net profit
Zillow's Errol Samuelson compared the rise of AI to the invention of the steam engine and encouraged real estate professionals to stay vigilant when it comes to technology
The iBuyer sold fewer homes and brought in less cash than it did during the same period in 2022, but it still managed to land in the black to the tune of $23M, according to Q2 earnings on Thursday
Having unloaded almost all of its older inventory, the iBuyer ramped up home acquisitions by 131%, to 840 homes, in the second quarter of 2023 and expects positive adjusted earnings by year's end
New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders' listings while aiding consumers
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they're watching with Intel
CoStar is already borrowing a page from other big insurgent companies including Nike, Apple and Pepsi. But whether it can surpass Zillow may depend on how much it spends, analysts told Intel
Pioneering iBuyer hopes to bring share price back above the New York Stock Exchange's $1 minimum threshold by converting every 15 shares of outstanding common stock into 1 share
The former rivals are now jointly providing cash offers to consumers in a total of 16 markets, most of them spread out across the Sunbelt, according to an announcement Thursday
The expansion is part of Zillow's 'enhanced markets' program, which is now in 6 cities and part of the company's efforts to eventually build a real estate 'super app'