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
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
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
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
Windermere Offers will allow people working with the brokerage's agents to compare various options for selling their homes
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
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
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?
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
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
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
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
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
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
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
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
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
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
Opinion
Byron Lazine and Nicole White discuss the Zillow and Opendoor partnership, sinking consumer confidence, and a new segment: Left-Middle-Right
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
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
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
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 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
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
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
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
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
Real estate tech expert Mike DelPrete will share what companies are doing to emerge victorious amid uncertainty at Inman Connect Las Vegas next month
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
Opinion
As the market makes profitability more difficult to attain, cost control measures will become ever more important for brokerage companies
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
The iBuyer will now purchase and sell homes in Boston, Cincinnati and Albuquerque. The expansion comes amid a period of rapid growth for Opendoor
The share of homeowners who sold to an iBuyer declined in the opening months of 2022, as Zillow continued its exit from the business
Opinion
The market is softening and it's reflected in quarterly declines. Fewer transactions mean less brokerage revenue
Opinion
Tucked away in Opendoor's recent earnings call was an illuminating statement by its CEO that sheds light on its exclusive supply strategy
As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor
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
Opinion
2021 was a record year for Opendoor — and the latest data suggests that 2022 may turn out to be even bigger
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
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
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
The company's expansions come on the heels of its second straight profitable quarter.
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
The iBuyer is also deepening its market reach in the Portland, Oregon, area following an expansion last month into the Northeast
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
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
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
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
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
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
Are you ready to grow your real estate business? Connect with the smartest real estate pros and learn their secrets at ICNY
Tim Heyl shares his insights on what's ahead and how to prepare at Inman Connect Now
Learn how you can best serve your clients in today's market at Inman Connect Now
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'
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
The iBuyer’s newest market comes just two weeks after its first launch in the Golden State, where it is avoiding costlier coastal cities
'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
The company is set to begin a new chapter as CEO Adam Contos departs and big changes sweep across the broader industry
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
The market is growing muddled, meaning agents now more than ever need to help their clients know what's out there
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
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
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
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
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
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
Power Buyers can turn buyers who need financing or a contingent sale into cash buyers. They can also turn renters into homeowners
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
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
Not every seller is focused on squeezing every dime of equity from their home. There are several reasons why
IBuying has existed for years, but it's growing faster than ever and now approaching the scale that could finally make it profitable
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
As we began iBuyer month at Inman, we asked readers for their best insights on the future of iBuyers and they delivered