How mergers, money and machines are reshaping real estate

The real estate industry is a space ripe for change and disruption — from the way homes are bought and sold, to how people are paying and who’s doing that buying and selling. With change happening at such a torrid pace, it’s often hard to keep up, so w… Continue reading

Why SoftBank is betting big on Opendoor, Compass, and real estate tech

On the heels of its combined $800M in funding for Opendoor and Compass, SoftBank sees opportunities to build successful, profitable, disruptive new businesses that leverage technology across the entire real estate supply chain.. Continue reading

The Real Word: How the industry is showing its value to consumers

Watch Byron Lazine and Nicole White talk about BRIX Real Estate’s Simple Offer program that allows sellers to check out Opendoor’s investor bids right from the brokerage’s website. Continue reading

Keller Williams gets into iBuying

Keller Williams has been quietly testing an iBuyer program for more than a year in an undisclosed market. Darryl Frost, a spokesperson for Keller Williams told Inman the company has closed nearly 100 transactions, but it’s not ready to go to market and… Continue reading

Compass raises another $400M

The funding round includes additional participation from Wellington, IVP and Fidelity. To date, Compass has raised $1.2 billion in venture capital funding. Continue reading

Opendoor raises $400M in funding from SoftBank

The company will use the money to accelerate integration of its in-house mortgage services, title services and buyer’s brokerage (via a recent acquisition of another startup, Open Listings) into its core offering to homesellers, and to continue its exp… Continue reading

New residential home sales rise in August, reversing 2-month decline

New residential home sales increased 3.5 percent in August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Continue reading

Redfin unveils new estimate tool for off-market homes

Redfin is giving homeowners a chance to estimate their property’s value before it hits the market — while potentially buttressing its own iBuyer platform. Continue reading

Purplebricks launches in the Sunshine State with 2 locations

Purplebricks is bringing its flat-fee model to the Sunshine State. The U.K.-founded real estate brokerage — which charges sellers a $3,600 fee per listing — officially launched Tuesday in Orlando and Tampa, as the company celebrates one year of operati… Continue reading