Redfin exec: Clear Cooperation is failing to stop pocket listings
Joe Rath is Redfin's senior director of brokerage operations and head of industry relations. He shared thoughts on Clear Cooperation ahead of his appearance at Inman Connect Las Vegas
by Jim Dalrymple II Aug 7
Opendoor rebounds with profitable Q2 despite steep revenue decline
The iBuyer sold fewer homes and brought in less cash than it did during the same period in 2022, but it still managed to land in the black to the tune of $23M, according to Q2 earnings on Thursday
by Jim Dalrymple II Aug 3
Will the second quarter of 2023 match real estate's Q1 meltdown?
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they're watching with Intel
by Jim Dalrymple II Jul 26
Opendoor CEO Carrie Wheeler on Q1 earnings and the iBuyer's future
The chief executive of the largest iBuyer spoke to Inman about Opendoor's first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022
by Jim Dalrymple II May 5
Opendoor avoids epic 2022 losses in Q1, but revenue remains down
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
by Jim Dalrymple II May 4
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
by Jim Dalrymple II Apr 18
As iBuyers struggle, agents rethink relationships with cash-offer kings
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
by Ben Verde Apr 12
Opendoor's losses doubled in Q4 as the iBuyer's revenue fell 25%
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
by Jim Dalrymple II Feb 23
Ex-rivals Opendoor and Zillow debut new partnership in Atlanta, Raleigh
Homeowners in Raleigh and Atlanta can ask for a cash offer from Opendoor and get an estimate from Zillow about what their home might sell for on the open market
by Taylor Anderson Feb 15
Cost cutting and existentialism: What to expect from earnings
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
by Jim Dalrymple II Feb 15
After a near 90% fall, analytics firm sees Opendoor shares rising to $6
A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching
by Jim Dalrymple II Jan 12
Here's what you need to know about Opendoor Exclusives
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
by Jim Dalrymple II Nov 18