Opendoor cutting prices in bid to get surplus inventory off books
The iBuying giant dramatically boosted home sales during the second quarter of 2022, generating $4.2B in revenue, but ended up back in the red with $54M in losses
by Matt Carter Aug 4
Premier Agent dips as Zillow hangs on to modest Q2 profit
Market headwinds pushed Zillow Q2 revenues down 23% to $1B. Despite the declines, Zillow is pushing forward with major initiatives including a new partnership with former rival Opendoor
New twists on home lending create opportunities for agents
As technology changes the way people think about homeownership, real estate agents will still be part of the picture say execs of EasyKnock, Flyhomes and Zillow at Inman Connect Las Vegas
by Matt Carter Aug 4
Zillow and Opendoor team up to provide cash offers to consumers
The partnership pairs 2 of the most polarizing firms in the housing business, and comes less than a year after Zillow began ending its own iBuying efforts
by Jim Dalrymple II Aug 4
DelPrete: Opendoor is 'playing the long game', should survive downturn
Despite a softening market and a recent FTC fine, Mike DelPrete described Opendoor as well-managed and in possession of enough cash to thrive for years to come, at Inman Connect
by Jim Dalrymple II Aug 4
FTC fines Opendoor $62M for allegedly 'tricking' consumers
Regulators with the Federal Trade Commission on Monday accused the iBuyer of 'cheating' and 'tricking' consumers. Opendoor disagrees with the allegations but has agreed to settle the case
by Jim Dalrymple II Aug 2
These are the 10 states where homes are taking the longest to sell
Homes in New York state take an average of 130 days to get an offer and close a deal. That's longer than anywhere else in the US, according to a new study from online bank Tangerine.ca
by Jim Dalrymple II Aug 2
House from hell: Potential buyer's duty to clear out hoarder house
The house in Dover, New Hampshire, appears ordinary from the initial exterior shots until the listing photos take the viewer inside and reveal what appears to be an extreme hoarding situation
by Ben Verde Aug 1
Rubik's seed funding augments growth of SFR investment class
Deep-pocketed corporate investors continue to apply their economic wit to the promise of the long-term single family rental market
by Craig C. Rowe Aug 1
A pivotal earning season is beginning. Here's what to know
Major companies share how much money they made as the real estate market veered south earlier this year and as Inman Connect unfolds, bringing these leaders together in Las Vegas
by Jim Dalrymple II Aug 1
MarketBuy's open offer listing model officially makes US debut
MarketBuy's Will Farmer leads its official expansion into the states as its North American head of growth. He will attend Inman Connect, eager to pitch what the company can do for listings
by Craig C. Rowe Jul 28
Homebuyers with lower credit scores pay hundreds more: Study
The homebuyers with 'fair' credit scores can pay up to $288 more per month than those with 'excellent' scores, according to a new study by Zillow
by Ben Verde Jul 28
Opendoor hires 'seasoned executive' as new chief legal officer
Sydney Schaub most recently worked at cryptocurrency exchange Gemini as chief legal officer and joins Opendoor at a pivotal moment in the company's history
by Jim Dalrymple II Jul 28
'Overvalued' Western markets see biggest share of price reductions
Despite national growth in sale prices, these markets that saw spikes in popularity and price over the past 2 years are starting to see the most price reductions, data shows
by Ben Verde Jul 27
Spencer Rascoff: Housing demand 'has fallen off a cliff'
The former Zillow CEO said the rising cost of mortgages has cooled demand for homes, adding that he hopes in 2023 the Fed will be able to stop raising interest rates
by Jim Dalrymple II Jul 26