The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market. Continue reading
Inman’s 2022 Black Friday picks for real estate agents, brokers, clients and everyone else in their sphere is jam-packed with cutting-edge tech, home goods and so much more. Continue reading
Offerpad’s stock slipped below $1 per share in late October, positioning the iBuyer to be delisted from the New York Stock Exchange, which would make it more difficult to buy and sell shares while scaring off investors. Continue reading
The company earned $600.5 million in revenue during the third quarter, but also lost $90.2 million — up from a loss of just $18.9 million in the third quarter of 2021 — amid a worsening housing market. Continue reading
The company brought in $483 million in revenue and suffered a loss of $53 million — an improvement over the Q3 2021 losses of $329 million, according to quarterly earnings results Wednesday. Continue reading
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry. Continue reading
Compass became the largest company of its kind in the U.S. this year, but is holding its annual gathering as the real estate industry navigates uniquely troubled waters. Continue reading
Shares in Opendoor, Offerpad and Redfin all hit all-time low prices Friday. The milestones come after months of declines for companies across the real estate space. Continue reading
Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading
Once only available in California, the expansion will see the Opendoor Finance App available in Texas, Arizona and Georgia, promising consumers preapproval letters in 60 seconds or less. Continue reading