A year ago, Zillow Offers was in a similar position to where Opendoor now finds itself, and Zillow shut down its iBuying operations. Here's why the path forward might be different this time
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
Cash is king. In today's market, a company’s cash flow determines if it is in control of its own destiny
Opinion
Year-over-year numbers don't take into account the fact that the pandemic years were radical outliers on a number of levels, real estate being just one
Opinion
Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies
Opinion
After outpacing the competition, market conditions have finally caught up with the iBuyer, forcing it to prove that its model still works — even in a downturn
Opinion
Opendoor is deftly turning its super-skimpy buyer commissions into a competitive advantage to optimize its business model
Bryan Beene is jumping ship to Martha Turner Sotheby's, leaving the office he founded in 2019 behind as the now-public company reaches a critical juncture, a report says
The partnership was announced along with a $25M funding round led by Brand Foundry Ventures, with participation by Move and existing investors Link Ventures and Listen Ventures
In a recent VICE interview, Mike DelPrete offered his thoughts on how Compass' longstanding cash burn problem could pose an existential threat to the brokerage and its ability to compete
The brokerage has grown rapidly thanks to generous handouts of cash and stocks to newly onboarded real estate agents. But amid leaner times, those perks are going away
Opinion
Hard on the heels of its partnership announcement with Zillow and its $62M FTC fine, Opendoor is banking on advertising to restore its brand reputation
Opinion
Find out what Compass' Q2 earnings numbers mean and what it's doing to cut costs in the face of its ongoing cash burn
Like much of the industry, Zillow's mortgage operation, which includes Zillow Home Loans, has seen a steep decline in revenue and continues to burn cash