Los Angeles wants to ban iBuying
The city council just approved an effort that will look for strategies to stop iBuyers such as Opendoor and Redfin
by Jim Dalrymple II Nov 13
RedfinNow meets 30-market milestone with Twin Cities launch
Homeowners in Minneapolis and St. Paul can now request an all-cash offer through RedfinNow. This is the 12th market RedfinNow has added this year
by Marian McPherson Nov 12
Multiple law firms investigating Zillow for potential securities fraud
The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow's announcement that it will end its iBuying business
by Jim Dalrymple II Nov 12
Seasonality is back, iBuying is alive, and other big earnings takeaways
This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy
by Jim Dalrymple II Nov 11
Zillow or not, Opendoor revenue skyrockets 91% to $2.3B in Q3
IBuying giant Opendoor posts another strong quarter as CEO Eric Wu expresses confidence in the company's strategy and path.
by Marian McPherson Nov 10
EXp founder Glenn Sanford: 'Zillow turned their tail and ran'
Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying
by Jim Dalrymple II Nov 10
EXp Realty CEO Jason Gesing on why eXp is growing so rapidly
EXp CEO Jason Gesing also told Inman that franchising may see waning popularity, while iBuying is likely to remain a niche offering
by Jim Dalrymple II Nov 10
EXp's Glenn Sanford on iBuying, the metaverse, stocks and more
Ahead of eXp's EXPCON event, Sanford also discussed agent compensation and his company's latest earnings results
by Jim Dalrymple II Nov 9
From crypto to Zillow: 5 key issues to watch at eXp's conference
EXp has managed to place itself at the forefront of numerous real estate trends. Its first companywide event since the pandemic may offer hints at where it's going in the future
by Jim Dalrymple II Nov 9
Opendoor acquires digital mortgage company RedDoor
San Francisco-based RedDoor has developed a quick pre-approval process for consumers and will see its products integrated into the iBuyer's lending services
by Jim Dalrymple II Nov 5
Offerpad CEO: Zillow's folly was in 'chase' to be the 'fastest'
In a new interview on Thursday, Offerpad CEO Brian Bair explained where Zillow went wrong and his enduring faith in the iBuying business model
by Marian McPherson Nov 5
Redfin’s iBuying revenues grew by more than 1,000% in Q3
The brokerage and portal company raked in $540M between July and September, and saw its losses improve
by Jim Dalrymple II Nov 4
Opendoor launches new end-to-end consumer platform
Opendoor Complete will let consumers track their transactions and coordinate both home sales and purchases from one location
by Jim Dalrymple II Nov 4
Opendoor co-founder slams Zillow, calls portal's tech 'horrible'
Keith Rabois also said on Twitter Wednesday that he expects Zillow to suffer 'even greater losses than they admit'
by Jim Dalrymple II Nov 4
These venture capitalists predicted Zillow Offers' demise
Opendoor co-founder Keith Rabois and 'The Big Short' investor Steve Eisman predicted the end of Zillow Offers as soon as it began. What did they see that others didn't?
by Marian McPherson Nov 4