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
Offerpad's stock slipped below $1 per share in late October, positioning the iBuyer to be delisted from the New York Stock Exchange, which could make it more difficult to buy and sell shares
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
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?
In total, Opendoor suffered a net loss of $928M between July and September, according to an earnings report Thursday. That's up from a loss of just $57M during the third quarter of 2021
The iBuyer brought in higher-than-expected revenues but racked up a much higher net loss than the previous year, according to a Q3 earnings call on Wednesday
Cash is king. In today's market, a company’s cash flow determines if it is in control of its own destiny
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
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
Committee takes up the growing reach of institutional investors at a hearing this week. The biggest companies now own more than 280,000 single-family homes to rent
Researchers at the mortgage giant point to 4 things that drove the meteoric rise in home prices over the past few years. Investors weren't one of them
Services promising a more streamlined, less painful transaction experience have become more popular and are likely to stick around, according to a new report released Tuesday from zavvie
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
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
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
The move will see Opendoor make cash offers in 17 counties in the two Northeastern states. New York City is not included in the expansion. It also brings Opendoor's market count to 46
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
Ahead of Inman Connect New York, the former Zillow CEO and 'serial entrepreneur' spoke about how he leads teams, the value of Pacaso and why he's sticking with iBuyers
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 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
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
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
IBuying has existed for years, but it's growing faster than ever and now approaching the scale that could finally make it profitable