As brokerages fight over listings, Offerpad is quietly rebuilding its seller intake and routing system
Investor scrutiny has grown lately as the iBuyer bets AI tools can improve margins in a shaky housing market
The cash offer platform hired former WarnerMedia executive Chris Carpenter as COO, but expects 'heightened seasonality' through the winter months
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How Offerpad’s 3 percent Partner Program and HomePro are redefining real estate partnerships
The old paradigm of iBuying is over, Revaluate's Chris Drayer writes. Whatever happens next may put real estate agents back at the center of the transaction
Investor Eric Jackson takes credit for leading retail investors to buy a stock that was worth 51 cents a month ago. Next, he wants to join the board of directors and oust CEO Carrie Wheeler
The iBuyer's latest earnings report comes amid a bumpy year in which it faced the prospect of delisting from the stock market, as well as rally that ultimately saved it
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
Opendoor's stock has spent months in precarious territory. The company has now received a notice from Nasdaq after its share price fell below $1 for 30 consecutive business days
From Zillow’s return to profit to CoStar’s continued growth, Q1 earnings reveal how companies are adapting — and competing — in a shifting market
The iBuyer also revealed Tuesday that it bought 3,609 homes in the first 3 months of 2025. That number represents a 4% year-over-year increase
At $15.1M, Offerpad's Q1 net loss was down 14% from Q4 2024, with home acquisitions up 18% to 454. A 9% drop in home sales caused revenue to shrink by 8% to $160.7M