REMAX deal adds to Colorado's HQ relocation drain
As brokerages fight over listings, Offerpad is quietly rebuilding its seller intake and routing system
Offerpad's revenue fell 36% year-over-year to $160.3M in Q2. However, its net losses declined 21% to $10.9M
While shares in rival iBuyer Offerpad also went on a rollercoaster ride in July, the company's market capitalization remains below the New York Stock Exchange's $50M minimum requirement
Both of the money-losing iBuyers had been warned they could face delisting, but investors have taken a fancy to the companies — which have both posted triple-digit gains in July
Shares in the iBuyer have traded for as little as $0.58 on the Nasdaq in recent days — well below the $1 threshold companies must meet to avoid delisting
In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, mostly focused on operations roles
Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves
A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
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
Shares in Opendoor, Offerpad and Redfin all just hit all-time low prices. The milestones come after months of declines for companies across the real estate space
Anywhere Real Estate celebrated the official launch of its rebrand from Realogy on Thursday at the New York Stock Exchange opening bell. The company is now trading under the 'HOUS' ticker
The Detroit-based lender announced the Rocket brand in 2015 and now plans to use the symbol RKT on the New York Stock Exchange
The analytics company is already a minority shareholder of Canadian Symbility Solutions, which offers insurance claims workflow platform for health and property insurers