Inman unveils inaugural 2023 Power Players awards
With its inaugural Power Players list, Inman recognized more than 120 industry leaders for their influence and ingenuity as it kicks off a year of expanded awards
by Inman Jan 12
Anywhere lays off more workers, announces end of RealSure iBuyer
The company has slashed its workforce by 11% since last June, according to US Securities and Exchange Commission filings. The moves come following months of housing market declines
by Jim Dalrymple II Jan 10
2022 by the numbers: The dirty data that drove a weird year in real estate
To better illustrate how capricious the real estate industry was in 2022, Inman searched high and low for rogue data points that drove the housing market and best reflected this year's wild tumble
by Ben Verde Dec 27
Proptech in 2022: Zillow rebounds, iBuyers stumble and MLSs grow up
Zillow bounced back after folding its iBuyer in 2021, multiple listing services finally caught up, enterprise solutions arrived and other signs property technology approached maturity in 2022
by Craig C. Rowe Dec 21
Windermere debuts zavvie-powered comparison tool for sellers
Windermere Offers will allow people working with the brokerage's agents to compare various options for selling their homes
by Jim Dalrymple II Dec 5
Opendoor faces 'existential' crisis as iBuying fights for survival
The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market
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
It's the disruption, stupid! Redfin Now and the end of iBuying as we know it
Opinion
As Redfin winds down its operations, Opendoor and Offerpad are the last ones left for the most part — and they're both struggling. Was iBuying a flash in the pan or is everyone simply looking in the wrong direction?
by Troy Palmquist Nov 10
Redfin sees losses soar in Q3 as it winds down iBuying program
The company earned $600.5M in revenue during the third quarter, but also lost $90.2M — up from a loss of just $18.9M in the third quarter of 2021 — amid a worsening housing market
by Jim Dalrymple II Nov 9
Redfin shuts down iBuyer Redfin Now while slashing 13% of workforce
As many as 264 employees impacted by the cuts were from Redfin Now, the company's iBuying division, while an additional 218 jobs from other departments are also being eliminated
by Ben Verde Nov 9
Redfin called 'fundamentally flawed' by analyst amid stock market havoc
Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry
by Jim Dalrymple II Nov 7
Opendoor lays off 18% of workforce ahead of Q3 earnings call this week
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry
by Jim Dalrymple II Nov 2
Opendoor, Offerpad, Redfin shares hit all-time lows on Wall Street
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
by Jim Dalrymple II Oct 7
Zillow iBuyer program officially ends as last homes leave the market
A year after announcing it would abandon its iBuyer program, Zillow has offloaded the last of the homes it bought with Zillow Offers, marking the end of a major chapter in real estate history
by Jim Dalrymple II Oct 7
Two men exchanging business cards
Calling it a 'kickback scheme,' HomeOpenly owner Dmitry Shkipin told the FHFA to ban referral fees charged by online brokerages — including Zillow — that don't actually buy and sell property
For the first time, Opendoor is selling homes at a loss: DelPrete
Opinion
After outpacing the competition, market conditions have finally caught up with the iBuyer, forcing it to prove that its model still works — even in a downturn
by Mike DelPrete Sep 19
MLS-listed homes sell for more, a new study claims. But there's 1 twist
Critics raise issues over conclusion that listing homes on the MLS is what caused higher sales prices and faster transactions, especially if NAR rules mean MLSs have a thumb on the scale
by Andrea V. Brambila Aug 31
Opendoor promotes Amazon exec to serve as technology chief
Raji Subramanian previously led teams at Amazon and Yahoo and went to Opendoor after a 2021 acquisition. She brings a wealth of knowledge, experience and leadership, the company says
by Jim Dalrymple II Aug 24
The partnership shocking real estate: The Real Word
Opinion
Byron Lazine and Nicole White discuss the Zillow and Opendoor partnership, sinking consumer confidence, and a new segment: Left-Middle-Right
by Byron Lazine Aug 12
Kentwood Real Estate partners with zavvie for new iBuyer program
Kentwood Advantage aims to provide more options to homesellers and homebuyers in Colorado, maximize their profits and find the best way to win offers, according to Kentwood
by Ben Verde Aug 10
WATCH: Mike DelPrete on how agents are the real 1-stop shop
On stage at Inman Connect Las Vegas, DelPrete argued that most consumers don't need or want to navigate yet another dashboard or website. In many cases, they just want their agent
by Jim Dalrymple II Aug 9
As proptech stocks get clobbered, investors look to the future
Proptech stocks have lost a quarter of their value over the last year. Investors at Inman Connect Las Vegas Chris Gough, Krishna Srinivasan and Paul Hurst, say there is still a lot to like
by Daniel Houston Aug 5
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
Redfin's profits decline in Q2 despite uptick in revenue
Redfin reported $606.9M in second-quarter revenue, a 29% increase compared to the second quarter of 2021, in an earnings report released Thursday afternoon following the close of markets
by Daniel Houston AND Ben Verde 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
Offerpad hangs on to profitability for 3rd-straight quarter amid shift
Offerpad recorded a gross profit of $93M, an 83 percent annual increase and its third straight profitable quarter, according to a Q2 earnings report released Wednesday afternoon
by Daniel Houston AND Ben Verde Aug 3
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
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
Mike DelPrete: In cooling market, agents are in for a 'dogfight'
Real estate tech expert Mike DelPrete will share what companies are doing to emerge victorious amid uncertainty at Inman Connect Las Vegas next month
by Andrea V. Brambila Jul 12
3 CEOs share their tips on tackling affordability: 'It's a time to fight'
Homeward CEO Tim Heyl, Divvy CEO Adena Hefets and Flyhomes CEO Tushar Garg dished on how the market shift has impacted Power Buyers at Inman Connect Now on Thursday
by Marian McPherson Jun 23
What's giving eXp the edge right now? Mike DelPrete
Opinion
As the market makes profitability more difficult to attain, cost control measures will become ever more important for brokerage companies
by Mike DelPrete Jun 17
iBuyer survey reveals how much less sellers would accept for their homes
Clever's 'American Attitudes on iBuyer Companies' survey of 994 people reveals numerous facts about consumers and iBuyers, including the lengths they'd go to avoid a more traditional sale
by Craig C. Rowe Jun 16
Opendoor expands into 3 new markets, hits 50-market milestone
The iBuyer will now purchase and sell homes in Boston, Cincinnati and Albuquerque. The expansion comes amid a period of rapid growth for Opendoor
by Jim Dalrymple II Jun 14
With Zillow out of the picture, share of iBuyer purchases takes a hit
The share of homeowners who sold to an iBuyer declined in the opening months of 2022, as Zillow continued its exit from the business
by Daniel Houston Jun 13
The brokerage slowdown has begun: Mike DelPrete
Opinion
The market is softening and it's reflected in quarterly declines. Fewer transactions mean less brokerage revenue
by Mike DelPrete Jun 7
Opendoor teases a non-MLS platform to market its inventory
Opinion
Tucked away in Opendoor's recent earnings call was an illuminating statement by its CEO that sheds light on its exclusive supply strategy
by Mike DelPrete May 25
Lower partners with Orchard to offer Power Buyer services
As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor
by Matt Carter May 20
Where is Anywhere headed? Toe-to-toe with Zillow
A week after announcing Realogy's rebrand as Anywhere, CEO Ryan Schneider shared his plan for beating Zillow at direct-to-consumer business on Thursday at Inman Connect Now
by Marian McPherson May 19
Opendoor's growth has 'materially accelerated': DelPrete
Opinion
2021 was a record year for Opendoor — and the latest data suggests that 2022 may turn out to be even bigger
by Mike DelPrete May 16
Brokerages push back on NAR ad campaign targeting 'competitors'
The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it's competing with for consumer mindshare
by Andrea V. Brambila May 12
Opendoor reaches first profitable quarter in Q1 with $28M net income
After 8 years, California-based iBuyer Opendoor reached profitability while logging a new revenue high of $5.2B, according to an earnings report released Thursday
by Marian McPherson May 5
Zillow turns a profit in Q1 as housing market gets 'choppy'
The company reported soaring revenues in the first quarter of 2022 but also continued its Zillow Offers wind-down, which the company said has entered its final days
by Jim Dalrymple II May 5
OfferPad for sale sign
The company's expansions come on the heels of its second straight profitable quarter.
by Ben Verde May 5
Offerpad stays profitable for second quarter in a row
The iBuyer earned about $41M in profit during the first 3 months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday
by Jim Dalrymple II May 4
Opendoor launches in Detroit and Southwest Florida
The iBuyer is also deepening its market reach in the Portland, Oregon, area following an expansion last month into the Northeast
Power Buyer clients made 1 offer on average. Traditional buyers? 7
A new report from Power Buyer and iBuyer marketplace zavvie says that Power Buying 'could eventually become the norm,' citing its success in helping buyers quickly purchase a home
by Marian McPherson Apr 13
The iBuying lessons Jason Aleem is bringing to Redfin's sales team
After helping Redfin's iBuyer business navigate a period of change, Jason Aleem is now tasked with leading its sales team into the next era
by Daniel Houston Apr 13
Keller Williams Pres. Marc King has a plan for unproductive agents
Keller Williams President Marc King says the company has a TBA plan to help the 80% of agents who are underproducing level up — playing to the company's belief that the agent is always no. 1
by Marian McPherson Apr 11
Trulia's former president on what makes a 'world-changing' company
Ahead of Inman Connect New York this month, former Trulia president and current proptech investor Paul Levine talks iBuying, company culture and the future of real estate
by Taylor Anderson Apr 7
Opendoor disciplined in North Carolina for disclosure lapses
Regulators say the iBuyer misrepresented a home and didn't get the proper permits for another. Its license was suspended for 18 months, but the NCREC has stayed the suspension
by Jim Dalrymple II Apr 5
Opendoor cashes in on record home price appreciation
Opinion
Home price appreciation is through the roof, and that's good news for Opendoor. Its current listings are averaging 17% increases over the purchase price
by Mike DelPrete Mar 23
Inman Connect New York
Are you ready to grow your real estate business? Connect with the smartest real estate pros and learn their secrets at ICNY
by Jodie Cordell Mar 22
Inman Connect Now Series
Tim Heyl shares his insights on what's ahead and how to prepare at Inman Connect Now
by Jodie Cordell Mar 16
Inman Connect Now Series
Learn how you can best serve your clients in today's market at Inman Connect Now
by Jodie Cordell Mar 15
Zillow's Susan Daimler on the tech giant's mysterious 'super app'
Ahead of Inman Connect New York, Zillow's president dished about the company's goal to build a housing super app, its interest in power buyers and why housing should be 'delightful'
by Andrea V. Brambila Mar 14
Famed coach Brian Buffini urges agents not to fear iBuyers
On the RE/MAX R4 stage this week, former RE/MAX agent and famed real estate coach Brian Buffini shared why agents shouldn't worry about iBuyers and why relationships remain supreme
by Marian McPherson Mar 3
Offerpad expands California reach with Sacramento entry
The iBuyer’s newest market comes just two weeks after its first launch in the Golden State, where it is avoiding costlier coastal cities
by Taylor Anderson Mar 3
IBuyers purchased over 70K homes in 2021, doubling previous record
'IBuyers purchased 70,402 homes in 2021, more than double the previous annual high of 32,726 homes in 2019,' according to Zillow's Q4 iBuyer report
by Taylor Anderson Mar 2
What to watch as RE/MAX's R4 conference unfolds this week
The company is set to begin a new chapter as CEO Adam Contos departs and big changes sweep across the broader industry
by Jim Dalrymple II Feb 28
How real estate agents can work with Keller Offers
Keller Williams' entry into the iBuyer arena, Keller Offers, connects its agents with homesellers who want cash offers or need help optimizing their home's value on the open market. Here are the ins and outs of the platform — plus several best practices straight from executives
by Marian McPherson Feb 28
Make sense of your sellers' options with these iBuyer comparison tools
The market is growing muddled, meaning agents now more than ever need to help their clients know what's out there
by Craig C. Rowe Feb 26
How to beat iBuyers every time
Help clients sell on the open market, avoid giving away huge amounts of their equity to iBuyers and, if eligible, work with a Power Buyer to buy their next home before selling their current one
by Bernice Ross Feb 25
Opendoor revenue rises more than 1,400% in Q4, but losses mount too
The iBuying giant earned $3.8B in revenue between October and December last year. The latest numbers highlight the uniqueness of Opendoor's growth strategy
by Jim Dalrymple II Feb 24
Offerpad turns a profit and tallies a revenue spike in Q4
The iBuyer earned a profit of nearly $13M during the final 3 months of 2021 while also beating revenue forecasts, according to a Q4 earnings report issued Wednesday
by Jim Dalrymple II Feb 23
Q4 reveals strong growth for iBuyers, Power Buyers: zavvie
IBuyers and Power Buyers finished 2021 in a strong position, even amidst a low-inventory, competitive market that just wouldn't quit, real estate tech company zavvie reported
by Lillian Dickerson Feb 22
How real estate agents can work with RedfinNow
Redfin's iBuyer, RedfinNow, forgoes incentives for agents but offers a dedicated customer service team and local title options. Here’s how to get started
by Daniel Houston Feb 22
How real estate agents can work with Opendoor
Some agents use the iBuying leader as a tool to help clients find the best path for their needs. Here’s how to get started
by Taylor Anderson Feb 14
Use these 5 iBuyer marketing campaigns to skyrocket your lead generation
Power Buyers can turn buyers who need financing or a contingent sale into cash buyers. They can also turn renters into homeowners
by Bernice Ross Feb 10
Opendoor launches in California's pricey Bay Area
The launch brings the world's biggest iBuyer to one of the world's most challenging real estate markets — and marks a new chapter for the iBuying concept
by Jim Dalrymple II Feb 8
How real estate agents can work with Offerpad
For agents looking to enter the iBuyer market or merely up their iBuyer game, Offerpad is but one choice for a partner. Here's what agents who want to work with the iBuyer should know
Why some sellers consider iBuyers
Not every seller is focused on squeezing every dime of equity from their home. There are several reasons why
by Jay Thompson Feb 3
How to make sense of iBuying in 2022, post-Zillow
IBuying has existed for years, but it's growing faster than ever and now approaching the scale that could finally make it profitable
by Jim Dalrymple II Feb 2
Can Homebldr help brokers compete with iBuyers? Tech Review
Opinion
Homebldr has a selection of vendor partners in place and ready to lend to brokers so they can act when a seller wants to forego the open market
by Craig C. Rowe Feb 2
Readers shared their piping hot takes on iBuyers for 2022: Pulse
As we began iBuyer month at Inman, we asked readers for their best insights on the future of iBuyers and they delivered
by Christy Murdock Feb 2