The iBuying giant dramatically boosted home sales during the second quarter of 2022, generating $4.2 billion in revenue, but ended up back in the red with $54 million in losses. Continue reading
Market headwinds pushed Zillow Q2 revenues down 23 percent to $1 billion. Despite the declines, Zillow is pushing forward with major initiatives including a new partnership with former rival Opendoor. Continue reading
The partnership pairs two of the most polarizing companies in the housing business, and comes less than a year after Zillow began ending its own iBuying efforts. Continue reading
Despite a softening market and a recent FTC fine, Mike DelPrete described Opendoor as well-managed and in possession of enough cash to thrive for years to come, at Inman Connect Las Vegas. Continue reading
Regulators with the Federal Trade Commission on Monday accused the iBuyer of “cheating” and “tricking” consumers. Opendoor disagrees with the allegations but has agreed to settle the case. Continue reading
Homes in New York state take an average of 130 days to both get an offer and then close a deal. That’s longer than anywhere else in the U.S., according to a new study from online bank Tangerine.ca. Continue reading
The house in Dover, New Hampshire, appears ordinary from the initial exterior shots until the listing photos take the viewer inside and reveal what appears to be an extreme hoarding situation. Continue reading
Major companies share how much money they made as the real estate market veered south earlier this year and as Inman Connect unfolds, bringing these leaders together in Las Vegas. Continue reading
The homebuyers with “fair” credit scores can pay up to $288 more per month than those with “excellent” scores, according to a new study by Zillow. Continue reading
Sydney Schaub most recently worked at cryptocurrency exchange Gemini as chief legal officer and joins Opendoor at a pivotal moment in the company’s history. Continue reading