SoftBank posts record loss, warns some investments may go bankrupt
The investor behind Compass and Opendoor predicted that, of the 88 companies the Vision Fund invested in, 15 could go bankrupt due to COVID-19
by Patrick Kearns | May 18
Realtors are line of defense against banker greed
Opinion
The private sector and government leaders must be on guard as trillions of public dollars wash through the economic system and a broken economy can become a feasting ground for unsavory opportunists
by Brad Inman | May 11
Massive new iBuyer report gives deep insight into Zillow, Opendoor
The 168-page report from Mike DelPrete takes a look at how the pandemic has impacted iBuyers and how they're positioned to thrive in an era of social distancing
by Patrick Kearns | May 6
Opendoor returns to homebuying with contact-free selling
The company is returning to Phoenix on May 4 and Raleigh-Durham on May 11 with 2 new platforms while updating its self-touring app for buyers
by Patrick Kearns | May 4
Opendoor layoffs are a retreat, not a defeat
Opinion
This tactical move is by no means a sign that iBuyers will fail. Opendoor’s deep pockets allow it to weather the current storm and remain intact (albeit smaller)
by Mike DelPrete | Apr 16
Opendoor lays off 35% of its staff
Approximately 600 employees being laid off will reportedly get 16 weeks of benefits coverage and eight weeks of severance pay, 3 sources said
by Patrick Kearns | Apr 15
Corral multiple iBuyer offers with new web app OfferBarn
Opinion
The president of a 200-agent boutique brokerage in Atlanta developed a solution for helping agents educate clients on the rise of iBuyers
by Craig C. Rowe | Apr 10
Offerpad is the latest iBuyer to pause new home purchases
Following in the footsteps of Redfin, Zillow and Opendoor, Offerpad has temporarily stopped making offers on homes due to safety concerns, effectively putting an end to the purchasing side of nearly all iBuyers nationwide for the foreseeable future
by Patrick Kearns | Mar 23
Opendoor temporarily suspends homebuying, citing safety concerns
A spokesperson for the iBuyer said the company's priority is 'the safety and well-being of our customers, employees and the general public'
by Patrick Kearns | Mar 18
How will iBuying fare in a world of social distancing?
Opinion
Today’s market environment will finally shine a light on how the iBuyer business model will react as consumer demand wanes, and there are certain recognizable advantages
by Mike DelPrete | Mar 18