Tag Archives: ibuyer

Lower partners with Orchard to offer Power Buyer services

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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

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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

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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

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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?

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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’

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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

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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

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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 →

Mortgage is an emerging battleground in real estate: Mike DelPrete

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Recent growth and contraction in the mortgage, iBuyer and Power Buyer space have resulted in a reshuffling of the largest businesses aiming to disrupt the industry. Mike DelPrete analyzes the players and the strategies they’re using to create change. Continue reading →