Tim Heyl on Homeward’s power buyer pivot in a high-rate cycle
The power buyer CEO also weighs in on whether traditional iBuyers will ever see their Goldilocks moment and turn a regular profit
by Taylor Anderson Sep 9
Offerpad gets new CFO as stock hovers near record low
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
by Jim Dalrymple II May 24
Opendoor revenue dips and losses rise amid Q1 transaction slump
Opendoor drew $1.2B in revenue between January and March, according to first-quarter earnings released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer
by Jim Dalrymple II May 2
Opendoor's partnership with eXp officially goes live
The companies' integrated technology will streamline the process to make Opendoor cash offers available to eXp's tens of thousands of agents
by Jim Dalrymple II Feb 29
Opendoor posts significant decline in revenue but narrows losses in Q4
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
by Jim Dalrymple II Feb 15
Zillow reappoints venture capitalist Bill Gurley to board
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
by Jim Dalrymple II Jan 10
Opendoor founder Eric Wu leaving company to focus on startups
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
by Jim Dalrymple II Dec 15
Opendoor to double the number of homes it buys each month: CEO
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
by Jim Dalrymple II Nov 8
Opendoor can't hang on to profitability as Q3 revenue craters
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
by Jim Dalrymple II Nov 2
Zillow's Samuelson: AI to create 'once in a 200 years' revolution
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
by Jim Dalrymple II Aug 8
Opendoor rebounds with profitable Q2 despite steep revenue decline
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
by Jim Dalrymple II Aug 3
Offerpad scoops up more homes in Q2 as path to profitability emerges
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
by Matt Carter Aug 2
Team of rivals: Zillow, Redfin unite to share new construction listings
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
by Jim Dalrymple II Aug 2
Will the second quarter of 2023 match real estate's Q1 meltdown?
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
by Jim Dalrymple II Jul 26
Here's how CoStar can beat Zillow and win the real estate portal wars
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
by Ben Verde Jul 19