Offerpad's market capitalization has dropped below $50 million for 30 consecutive trading days, and the New York Stock Exchange wants to know what it's going to do about it.
Companies that can't keep their shares over $1 risk being delisted from the stock market. Opendoor shares crossed that threshold this week, while Fathom crossed it last month.
Real estate brokerage Q4 earnings winners surged ahead by betting on rentals, AI-driven efficiencies and streamlined operations.
The iBuyer's $1.1 billion in Q4 revenue wasn't enough to offset a loss of $113 million. However, CEO Carrie Wheeler said the company entered 2025 as "a leaner, more efficient business."
In the wake of the National Association of Realtors' three-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows.
Anywhere Real Estate, Redfin, eXp World Holdings and seven more of the nation's largest real estate companies are set to release quarterly data on Thursday that could illuminate their fitness in 2025.
Having slashed operating expenses by 40 percent from a year ago, the iBuyer has its sights set on boosting home purchases to 1,000 per quarter on lower cost structure.
The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, Jessi Healey breaks down who's up and who's down.
The iBuyer declined to confirm how many employees have been let go. Recent SEC filings show widespread cuts compared to a year earlier.
Dubbed Powered by Offerpad, the platform enables the iBuyers's PRO and MAX agent partners to manage listings, get real-time transaction updates and directly communicate with Offerpad support staff.
Shares in Offerpad hit a new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in the third quarter.
A University of Washington study revealed iBuyers give Black homeowners better offers than they receive on the open market. However, those offers potentially come with some longterm tradeoffs.