Tag Archives: opendoor

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 →

Will Q3 earnings keep real estate mired in a ‘Groundhog Day’ loop?

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Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading →

It’s the most perilous time of year to overprice a home: Opendoor

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Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report. Continue reading →

EXp streamlines ExpressOffers iBuyer program with Opendoor deal

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Opendoor is now the primary cash offer solution behind eXp’s ExpressOffers platform. Agents will soon be able to request a cash offer on qualified properties directly through an eXp dashboard. Continue reading →

VC-backed Roam seeks to connect buyers to assumable mortgages

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In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing. Continue reading →

DelPrete: Why real estate tech platforms can’t quit the agent

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The last mile of lead generation, where an agent connects with a client, is what tech can’t recreate on its own, Mike DelPrete argues. Continue reading →

In crucial Q2, real estate separated wheat from the chaff: Intel analysis

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The biggest publicly traded brokerages and tech companies significantly slashed losses in the second quarter, restoring investor confidence, according to an exclusive Intel analysis of Q2 earnings data. Continue reading →