Offerpad's stock slipped below $1 per share in late October, positioning the iBuyer to be delisted from the New York Stock Exchange, which could make it more difficult to buy and sell shares
The iBuyer has launched a new marketplace to connect homebuyers and sellers. The move comes as the housing market continues to slow and as iBuyers face gathering headwinds
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing
The company earned $600.5M in revenue during the third quarter, but also lost $90.2M — up from a loss of just $18.9M in the third quarter of 2021 — amid a worsening housing market
As many as 264 employees impacted by the cuts were from Redfin Now, the company's iBuying division, while an additional 218 jobs from other departments are also being eliminated
Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry
In total, Opendoor suffered a net loss of $928M between July and September, according to an earnings report Thursday. That's up from a loss of just $57M during the third quarter of 2021
The company brought in $483M in revenue and suffered a loss of $53M — an improvement over the Q3 2021 losses of $329M, according to quarterly earnings results Wednesday
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry
Many of the industry's big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market
Zavvie's offer comparison models are now presentable within MoxiePresent, a part creative, part analytical demonstration software that gives agents new, dynamic ways to pitch business
During Inman Connect, Keller discussed an array of topics with Inman founder Brad Inman. Keller said companies have to focus on 'dollars in, expenses out' as they reach for profitability
Opinion
Heads will roll and company valuations will sink so low that new outsiders will opportunistically make big acquisitions, Brad Inman writes. Real estate's Masters of the Universe are on notice
A year after announcing it would abandon its iBuyer program, Zillow has offloaded the last of the homes it bought with Zillow Offers, marking the end of a major chapter in real estate history