Tag Archives: ibuyers

Single-family home sales to investors hit all-time high

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United States property investors are putting the pedal to the metal and feeling optimistic despite a turbulent housing market. Continue reading →

Will Perisphere and other AI-fueled startups pilfer clients from agents?

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Perisphere uses an onboard computer vision solution and 0 percent commission model to help consumers self-direct transactions. And it’s using current consumer sentiment against agents to promote the tool. Continue reading →

Real estate stocks are suddenly and finally on fire

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Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading →

Offerpad narrows losses despite another quarter of falling revenue

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Following a dramatic Q4 in which the iBuyer posted losses of $121.1 million, Offerpad improved its net loss by 51 percent to $59.4 million in Q1 as it struggles to adapt to a shifting market. Continue reading →

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

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Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading →

As iBuyers struggle, agents rethink relationships with cash-offer kings

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IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation’s biggest housing markets. Now, real estate agents say their role has diminished dramatically. Continue reading →

Opendoor and Zillow expand partnership into 3 new markets

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The firms said they would expand into Houston, Phoenix and Dallas. The expansion follows the group’s February announcement that they would offer their joint service in Atlanta and Raleigh. Continue reading →

Proptech has reached an inflection point. So, like, what happens now?

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Disruptive sales models, lead aggregators and search products have transformed proptech into a true marketplace while freeing venture capitalists up to become more than mere power brokers. Continue reading →

Offerpad lost $24K on every home sold in Q4 as losses hit record high

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Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday. Continue reading →

Zavvie debuts power buyer program

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The white-labeling program, zavvie Power Buyer, was announced exclusively to Inman and will include two models: contingency-free (cash offer) financing and a buy-before-you-sell bridge loan. Continue reading →