Tag Archives: ibuyer

Opendoor’s partnership with eXp officially goes live

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The companies’ integrated technology will streamline the process to make Opendoor cash offers available to eXp’s tens of thousands of agents. Continue reading →

Offerpad narrows Q4 loss, expects to be back in black later this year

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The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245 million to $285 million in revenue and achieve positive adjusted earnings later this year. Continue reading →

Opendoor posts significant decline in revenue but narrows losses in Q4

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In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the “potential for a more normalized macro backdrop” in 2024. Continue reading →

Offerpad PRO, MAX programs center incentives on agents

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The company announced the formation of two new tiers of agent collaboration, Offerpad PRO and Offerpad MAX, the latter being an invite-only network for high performers aiming to become long-term referral partners. Continue reading →

Flyhomes announces 3rd round of layoffs since 2022

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Seattle-based brokerage and mortgage lender Flyhomes announced another round of layoffs on Friday. The company had layoffs in July and November 2022, with one round impacting 20 percent of its workforce. Continue reading →

Opendoor founder Eric Wu leaving company to focus on startups

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Wu founded Opendoor in 2014 and served as the company’s chief executive officer until last year. He said in a statement that he’s leaving to focus on building new things. Continue reading →

Real estate CEOs: Big changes from bombshell suits ‘improbable’

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The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don’t anticipate major disruptions. Continue reading →

Opendoor to double the number of homes it buys each month: CEO

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CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp. Continue reading →

Opendoor can’t hang on to profitability as Q3 revenue craters

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The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading →

For some sellers, cash offers can actually be a tool for listing agents

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Offerpad’s agent partnership program gives agents another tool when making listing presentations, and pays them a 3 percent referral fee when their client accepts an offer from the iBuyer. Continue reading →