Pioneering iBuyer hopes to bring share price back above the New York Stock Exchange's $1 minimum threshold by converting every 15 shares of outstanding common stock into 1 share
Most publicly traded real estate companies continued to bleed money in the first chunk of 2023. These metrics help explain why investors aren't panicking
Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector
The iBuying giant saw revenue dip 39% year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022
Following a dramatic fourth quarter in which the iBuyer posted losses of $121.1M, Offerpad improved its net loss by 51% to $59.4M in Q1 as it continued to struggle to adapt to a shifting market
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next
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
IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation's biggest housing markets. Now, real estate agents say their role has diminished dramatically
Real estate businesses burned through billions in cash last year. Intel breaks down the biggest companies with the least wiggle room as economic uncertainty stretches into 2023
Inman's first-ever Intel leadership survey revealed that leaders think the market will be worse in 2023 compared to 2022 — but they also expect to thrive regardless of the economic headwinds
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
With billions saved — and lost — Opendoor is living by the creed 'go big or go home.' Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes
The dominant iBuyer lost nearly $400M in the fourth quarter, according to an earnings call Thursday. That's better than the previous quarter, but a big jump from the same period in 2021
Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1M fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive