The iBuyer earned about $41 million in profit during the first three months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday. Continue reading
With the implosion of Zillow Offers in October, all eyes will be on Opendoor and Offerpad as they duke it out for iBuyer marketshare in 2022. Here are the biggest challenges Offerpad faces next year. Continue reading
The company’s CEO Brian Bair was able to offer shareholders reassurance in the wake of Zillow’s iBuying flop by providing hard data to show that Offerpad’s business model is working. Continue reading
How will Opendoor and Offerpad respond to Zillow bowing out of iBuying? How is Compass faring as a fledgling public company? And is Keller Williams nearing an IPO? Continue reading
In a new interview on Thursday, Offerpad CEO Brian Bair explained where Zillow went wrong and his enduring faith in the iBuying business model. Continue reading
Zillow says it’s facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow’s abrupt pause, say they aren’t suffering from the same issues. Continue reading
The publicly traded iBuyer has launched its services in the Columbus metro area, bringing its number of markets to 22. Continue reading
The iBuyer went public a day after merging with the Spencer Rascoff-led Supernova Partners Acquisition Company. The company will now be known as “Offerpad Solutions.” Continue reading
The Arizona-based iBuyer took in $376.8 million in revenue during Q2 2021, and its net income grew to $9.2 million, giving the company its first profitable quarter. Continue reading
Four new members will join the iBuyer’s board later this year, including a Zillow executive and the former chief executive officer of Move, Inc. Continue reading