Offerpad posts a decline in annual revenue, but improves Q1 losses

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

Offerpad posts a decline in annual revenue, but improves Q1 losses

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

Single-family home sales to investors hit all-time high

United States property investors are putting the pedal to the metal and feeling optimistic despite a turbulent housing market. Continue reading

Will Perisphere and other AI-fueled startups pilfer clients from agents?

Perisphere uses an onboard computer vision solution and 0 percent commission model to help consumers self-direct transactions. And it’s using current consumer sentiment against agents to promote the tool. Continue reading

Real estate stocks are suddenly and finally on fire

Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading

Offerpad narrows losses despite another quarter of falling revenue

Following a dramatic Q4 in which the iBuyer posted losses of $121.1 million, Offerpad improved its net loss by 51 percent to $59.4 million in Q1 as it struggles to adapt to a shifting market. Continue reading

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading

As iBuyers struggle, agents rethink relationships with cash-offer kings

IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation’s biggest housing markets. Now, real estate agents say their role has diminished dramatically. Continue reading

Opendoor and Zillow expand partnership into 3 new markets

The firms said they would expand into Houston, Phoenix and Dallas. The expansion follows the group’s February announcement that they would offer their joint service in Atlanta and Raleigh. Continue reading

Proptech has reached an inflection point. So, like, what happens now?

Disruptive sales models, lead aggregators and search products have transformed proptech into a true marketplace while freeing venture capitalists up to become more than mere power brokers. Continue reading