SoftBank's Vision Fund is seeking startups to take public: Report
Rajeev Misra, the head of the Vision Fund, hinted that SoftBank is launching a special-purpose acquisition company, or SPAC, in an interview with Bloomberg
by Patrick Kearns Oct 13
DelPrete: Zillow hiring agents is the megatrend you can't afford to ignore
Opinion
Most of the largest real estate disruptors are moving toward hiring agents for new brokerage services — that's nearly $35B in enterprise value pushing in this direction
by Mike DelPrete Oct 8
Opendoor filing reveals FTC investigation over advertising
The S-4 filing with the SEC also gives a deep insight into Opendoor's revenue and losses through the first six months of 2019
by Patrick Kearns Oct 5
DelPrete: Opendoor's long, difficult and uncertain road ahead
In a highly contested and crowded field, the evidence suggests a long, difficult and uncertain road ahead
by Mike DelPrete Oct 5
Why Opendoor going public is a rising tide that could lift Zillow
For the second consecutive month, Deutsche Bank's research team raised its target stock price for Zillow. This time, it was fueled by its biggest iBuyer competitor going public
by Patrick Kearns Sep 18
Lennar predicts strong home sales 'for the foreseeable future'
The homebuilder also said its move-up program with Opendoor 'is becoming an industry standard'
by Andrea V. Brambila Sep 16
Opendoor is officially going public
In an announcement Tuesday, the company revealed that it generated $4.7B in revenue in 2019 while selling more than 18,000 homes
by Patrick Kearns Sep 15
Opendoor in talks to go public via SPAC merger
Opendoor is reportedly in talks to go public in coordination with Social Capital Hedosophia Holdings Corp. II, a blank-check company that acquires and takes other companies public
by Patrick Kearns Sep 11
IBuyer purchases dropped 88% in Q2 as pandemic raged
RedfinNow, Offerpad, Opendoor and Zillow only bought 880 homes in the second quarter of 2020, according to a new study by Redfin released Thursday
by Patrick Kearns Sep 11
Opendoor makes changes to C-suite
Board member and TPG Capital veteran Carrie Wheeler is joining the company as chief financial officer while Gautam Gupta is set to leave the company
by Patrick Kearns Sep 3
Opendoor is seeking real estate agents for 'Opendoor Brokerage'
A spokesperson for Opendoor clarified that the role will support the 'Home Reserve' platform that the iBuyer announced in May
by Patrick Kearns Aug 28
What's the future of iBuyers in light of COVID-19?
Opinion
Although no one knows exactly what the future holds for real estate, things seem particularly uncertain for iBuyers. Here's a look at the advantages and disadvantages these companies are facing as they navigate the current housing market
by Luke Babich Aug 28
DelPrete: iBuyer market share plummets, slow recovery ahead
IBuyers are buying homes again but with a more cautious approach. Once they prove they can survive the pandemic, they’ll still have to overcome the challenge of profitability
by Mike DelPrete Aug 18
Opendoor resumes iBuying in all pre-pandemic markets
The move hints at how strongly real estate has bounced back during the pandemic, which is still ongoing and has prompted Opendoor to include virtual assessments for homes
by Jim Dalrymple II Aug 18
Opendoor CEO: Despite COVID-19, iBuyers are 'full steam ahead'
'When consumers demand experiences, that’s when innovation happens,' Opendoor CEO Eric Wu said Tuesday during Inman Connect Now
by Patrick Kearns Aug 4
Realtor.com partners with Opendoor, others for 'seller's marketplace'
The new platform from realtor.com provides sellers with options from from Opendoor, EasyKnock, HomeGo and WeBuyHouses.com, as well as listing on the open market
by Patrick Kearns Jul 23
Mike DelPrete: Don't call it a comeback (just yet)
Real estate tech strategist Mike DelPrete explains pre- and post-shelter-in-place market trends and how real estate agents can prepare for the future
by Marian McPherson Jun 4
Opendoor returns to homebuying in 5 more cities
The iBuyer is offering homeowners contact-free selling in Dallas-Fort Worth, Atlanta, Charlotte, Nashville and Tucson
by Patrick Kearns Jun 3
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