Tag Archives: Brian Bair

Offerpad bets on AI to deliver higher-quality seller leads

By | | Uncategorized
Comments Off on Offerpad bets on AI to deliver higher-quality seller leads

As brokerages fight over listings, Offerpad is quietly rebuilding its seller intake and routing system with new AI tools. Continue reading →

Offerpad home sales, acquisitions hit new low in Q3 2025

By | | Uncategorized
Comments Off on Offerpad home sales, acquisitions hit new low in Q3 2025

The cash offer platform hired former WarnerMedia executive Chris Carpenter as COO, but expects ‘heightened seasonality’ through the winter months in targeting a return to a near-term goal of 1,000 transactions per quarter.  Continue reading →

Offerpad sees declining revenue, but trims losses during Q2

By | | Uncategorized
Comments Off on Offerpad sees declining revenue, but trims losses during Q2

Offerpad’s revenue declined 36 percent year-over-year to $160.3 million in Q2. However, it’s net losses declined 21 percent to $10.9 million. Continue reading →

IBuyer Offerpad cuts Q1 loss and boosts acquisitions as sales fall

By | | Uncategorized
Comments Off on IBuyer Offerpad cuts Q1 loss and boosts acquisitions as sales fall

Offerpad’s $15.1 million Q1 net loss is down 14 percent from Q4 2024, with home acquisitions up 18 percent from the previous quarter to 454. Continue reading →

Offerpad losses mount as iBuyer acquires and sells fewer homes

By | | Uncategorized
Comments Off on Offerpad losses mount as iBuyer acquires and sells fewer homes

At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent.. Continue reading →

Impact of NAR’s commission rule change illuminated in Q3 earnings

By | | Uncategorized
Comments Off on Impact of NAR’s commission rule change illuminated in Q3 earnings

In the wake of the National Association of Realtors’ 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows. Continue reading →

Offerpad dialed back its iBuyer acquisitions by 49% in Q3

By | | Uncategorized
Comments Off on Offerpad dialed back its iBuyer acquisitions by 49% in Q3

Having slashed operating expenses by 40 percent from a year ago, the iBuyer has its sights set on boosting home purchases to 1,000 per quarter on lower cost structure. Continue reading →

Offerpad CEO on the company’s 4% solution for real estate agents

By | | Uncategorized
Comments Off on Offerpad CEO on the company’s 4% solution for real estate agents

CEO Brian Bair told National Mortgage News in a recent interview that agents no longer view Offerpad as a threat, noting they can make 4 percent if a client takes the company’s cash offer and the home is updated and resold. Continue reading →

Offerpad launches transaction oversight portal for agent partners

By | | Uncategorized
Comments Off on Offerpad launches transaction oversight portal for agent partners

Dubbed Powered by Offerpad, the platform enables the iBuyers’s PRO and MAX agent partners to manage listings, get real-time transaction updates and directly communicate with Offerpad support staff. Continue reading →

Offerpad trims Q2 loss, but sales and revenue continue to slide

By | | Uncategorized
Comments Off on Offerpad trims Q2 loss, but sales and revenue continue to slide

Shares in Offerpad hit a new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in the third quarter. Continue reading →