Offerpad is a more profitable flavor of iBuying: Mike DelPrete

Offerpad’s latest financials strongly suggest that a less venture-funded, less tech-enabled, more real-estate focused and less breakneck version of iBuying can be (almost) profitable. Continue reading

Connecting with Veronica Figueroa: Our new normal demands world-class service

Ahead of Inman Connect, the eXp Realty team leader says agents have the chance to offer service that keeps clients coming back. Continue reading

Competing with iBuyers just got a whole lot easier

So how can real estate professionals compete with iBuyers and put a new spin on generating motivated seller leads? Here are 3 simple steps to generating motivated seller leads with a new spin: Continue reading

HomeLight brings its cash offer and trade-in offerings to Texas

Starting this week, buyers and sellers in Dallas, Austin and Houston can use HomeLight’s flagship services. The startup is now in 16 markets nationwide. Continue reading

Zillow’s uphill battle to attach mortgages: Mike DelPrete

In 2018, Zillow set itself lofty goals when it entered the mortgage business. Three years later, Zillow’s actual performance is far, far below its predictions, which highlights how difficult the mortgage space is, not just for Zillow, but also for ever… Continue reading

5 big challenges for REX Real Estate in 2021

The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow. Continue reading

How much are iBuyers paying for customer acquisition?

Over the past three years, the largest iBuyers — Opendoor, Zillow and Offerpad — have spent over $200 million advertising directly to consumers. That spend peaked in 2019 before slowing during the pandemic. Historically and today, Opendoor appears to b… Continue reading

Commission, appraisals, inventory: 11 challenges agents face today

Last year was a trying one, but it taught us to stretch ourselves, our business brains and our mindsets. It also forced us to adapt in an ever-evolvig landscape. Here are the top challenges agents face on the daily. Continue reading