On this episode, George Laughton, leader of a top US team with 200 agents and $900 million-plus in volume, unveils his Reverse Offer Playbook for saving canceled listings. Continue reading
Christy Schwartz, the iBuyer’s longtime chief accounting officer, was named interim CFO. She’ll replace Selim Freiha, who served as CFO for less than a year. Continue reading
Opendoor managed to increase its revenue and cut its losses in a reassuring sign for investors just a few months after the iBuyer was at risk of being delisted from the stock market. However, the company also said it expects lower acquisition and resa… Continue reading
Offerpad’s revenue declined 36 percent year-over-year to $160.3 million in Q2. However, it’s net losses declined 21 percent to $10.9 million. Continue reading
Both of the money-losing iBuyers had been warned they could face delisting, but investors have taken a fancy to the companies — which have both posted triple-digit gains in July. Continue reading
After posting losses in 16 of the past 18 quarters, Opendoor implemented the latest in a string of layoffs on Wednesday, primarily on the iBuyer’s sales side, Inman has learned exclusively. Continue reading
Offerpad’s $15.1 million Q1 net loss is down 14 percent from Q4 2024, with home acquisitions up 18 percent from the previous quarter to 454. Continue reading
In the wake of the National Association of Realtors’ 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows. Continue reading
DropOffer has released a fully refreshed browser version of its off-market home sales platform. Continue reading
The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14 percent from Q2 and 26 percent from a year ago. Continue reading