Tag Archives: ibuying

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 →

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 →

Zillow reappoints venture capitalist Bill Gurley to board

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Gurley joins Zillow at a time when the portal giant is under pressure to evolve and deliver on its promise to create a housing super app. 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 →

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 →

Zillow’s Samuelson: AI to create ‘once in a 200 years’ revolution

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Zillow’s Errol Samuelson compared the rise of AI to the invention of the steam engine and encouraged real estate professionals to stay vigilant when it comes to technology. Continue reading →

Opendoor rebounds with profitable Q2 despite steep revenue decline

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The iBuying giant sold fewer homes and brought in less cash in Q2 2023 than it did during the same time in 2022, but it still managed to end up in the black to the tune of $23 million. Continue reading →

Offerpad scoops up more homes in Q2 as path to profitability emerges

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Having unloaded almost all of its older inventory, the iBuyer ramped up home acquisitions by 131 percent, to 840 homes, in the second quarter of 2023 and expects positive adjusted earnings by year’s end. Continue reading →

Team of rivals: Zillow, Redfin unite to share new construction listings

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New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders’ listings while aiding consumers. Continue reading →