The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. Continue reading
The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. Continue reading
Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer. Continue reading
The companies’ integrated technology will streamline the process to make Opendoor cash offers available to eXp’s tens of thousands of agents. Continue reading
The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245 million to $285 million in revenue and achieve positive adjusted earnings later this year. Continue reading
In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the “potential for a more normalized macro backdrop” in 2024. Continue reading
The company announced the formation of two new tiers of agent collaboration, Offerpad PRO and Offerpad MAX, the latter being an invite-only network for high performers aiming to become long-term referral partners. Continue reading
Seattle-based brokerage and mortgage lender Flyhomes announced another round of layoffs on Friday. The company had layoffs in July and November 2022, with one round impacting 20 percent of its workforce. Continue reading
Wu founded Opendoor in 2014 and served as the company’s chief executive officer until last year. He said in a statement that he’s leaving to focus on building new things. Continue reading
The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don’t anticipate major disruptions. Continue reading