Tag Archives: ibuyer

Zillow, Opendoor and Compass debut on the Fortune 500

By | | Uncategorized
Comments Off on Zillow, Opendoor and Compass debut on the Fortune 500

The companies all debuted within a few slots of established player Realogy, and highlight both the role of tech in real estate and the rise of bitter rivalries. Continue reading →

Lower partners with Orchard to offer Power Buyer services

By | | Uncategorized
Comments Off on Lower partners with Orchard to offer Power Buyer services

As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor. Continue reading →

Compass approaching ‘critical’ cash burn: Mike DelPrete

By | | Uncategorized
Comments Off on Compass approaching ‘critical’ cash burn: Mike DelPrete

Compass is not in immediate peril, but it is approaching a critical juncture where it will either need to raise more money or reduce expenses, according to data expert Mike DelPrete. Continue reading →

Opendoor’s growth has ‘materially accelerated’: DelPrete

By | | Uncategorized
Comments Off on Opendoor’s growth has ‘materially accelerated’: DelPrete

Last year was a record year for Opendoor — and the latest data suggests that 2022 may turn out to be even bigger. Find out more on how the iBuyer is driving growth from data expert Mike DelPrete. Continue reading →

Zillow flexes in the face of a cooling market: DelPrete

By | | Uncategorized
Comments Off on Zillow flexes in the face of a cooling market: DelPrete

Zillow and Realtor.com’s Q1 results shine a light on two key factors: overall revenue growth is slowing in a cooling market, and Zillow’s next-gen lead gen business, Zillow Flex, is building momentum. Continue reading →

Does a good earnings season foreshadow trouble ahead?

By | | Uncategorized
Comments Off on Does a good earnings season foreshadow trouble ahead?

Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of “headwinds” on the horizon. Continue reading →

Zillow turns a profit in Q1 as housing market gets ‘choppy’

By | | Uncategorized
Comments Off on Zillow turns a profit in Q1 as housing market gets ‘choppy’

The company reported soaring revenues in the first quarter of 2022 but also continued its Zillow Offers wind-down, which the company said has entered its final days. Continue reading →

Zillow’s Flex model offers ‘next gen lead gen’: Mike DelPrete

By | | Uncategorized
Comments Off on Zillow’s Flex model offers ‘next gen lead gen’: Mike DelPrete

Zillow’s new strategy has the company going back to its roots, doubling down on agent lead gen, and extracting more revenue from real estate commissions. Continue reading →

Offerpad stays profitable for second quarter in a row

By | | Uncategorized
Comments Off on Offerpad stays profitable for second quarter in a row

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 →