Tag Archives: ibuyer

Opendoor in 2022: As the king of the iBuyers grows, so does its risk

By | | Uncategorized
Comments Off on Opendoor in 2022: As the king of the iBuyers grows, so does its risk

Opendoor faces an array of challenges from other companies and sectors as it aims to hold its position as the biggest and most successful iBuyer in the world. Continue reading →

Vacation rental giant Vacasa makes its stock market debut

By | | Uncategorized
Comments Off on Vacation rental giant Vacasa makes its stock market debut

The vacation rental management firm is the latest to go public via a merger with a special purpose acquisition company. Continue reading →

Zillow close to unloading more than half of its iBuyer homes

By | | Uncategorized
Comments Off on Zillow close to unloading more than half of its iBuyer homes

Real estate giant also announces $750 million stock buyback following the company’s stock price tumble after Zillow Offers shutdown. Continue reading →

Zillow Offers’ demise ‘attributable to internal factors,’ report claims

By | | Uncategorized
Comments Off on Zillow Offers’ demise ‘attributable to internal factors,’ report claims

Zavvie has found that both iBuyers and power buyers are seeing explosive growth — suggesting Zillow’s recent moves don’t reflect weakness in the iBuying concept. Continue reading →

Los Angeles wants to ban iBuying

By | | Uncategorized
Comments Off on Los Angeles wants to ban iBuying

Amid an ongoing housing shortage and rapid price appreciation, Los Angeles city lawmakers are now searching for ways to thwart iBuyers in their city. Continue reading →

Multiple law firms investigating Zillow for potential securities fraud

By | | Uncategorized
Comments Off on Multiple law firms investigating Zillow for potential securities fraud

The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow’s announcement that it will end its iBuying business. Continue reading →

Seasonality is back, iBuying is alive, and other big earnings takeaways

By | | Uncategorized
Comments Off on Seasonality is back, iBuying is alive, and other big earnings takeaways

This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy. Continue reading →

Offerpad sees surging growth in Q3 across revenue, profits, homes sold

By | | Uncategorized
Comments Off on Offerpad sees surging growth in Q3 across revenue, profits, homes sold

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 →

EXp founder Glenn Sanford: ‘Zillow turned their tail and ran’

By | | Uncategorized
Comments Off on EXp founder Glenn Sanford: ‘Zillow turned their tail and ran’

Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying. Continue reading →

Zillow offloads 2,000 homes to New York City investment firm: Report

By | | Uncategorized
Comments Off on Zillow offloads 2,000 homes to New York City investment firm: Report

Pretium Partners has agreed to buy some of Zillow’s homes as the listings portal exits the iBuyer business, The Wall Street Journal reports. Continue reading →