Tag Archives: ibuyers

Offerpad CEO on the company’s 4% solution for real estate agents

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CEO Brian Bair told National Mortgage News in a recent interview that agents no longer view Offerpad as a threat, noting they can make 4 percent if a client takes the company’s cash offer and the home is updated and resold. Continue reading →

Opendoor’s revenue declines as losses also grow in second quarter

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The iBuyer’s revenue declined 24 percent year over year to $1.5 billion as losses hit $92 million, down from positive income of $23 million the previous year. Continue reading →

Black homesellers get better offers with iBuyers, but there’s a catch

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A University of Washington study revealed iBuyers give Black homeowners better offers than they receive on the open market. However, those offers potentially come with some longterm tradeoffs. Continue reading →

Opendoor rolls out mobile truck with instant offers in Nashville

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“The Offer Mobile” is driving around neighborhoods in Nashville, Tennessee, to literally bring Opendoor’s instant offers to consumers’ front doors. Continue reading →

Offerpad gets new CFO as stock hovers near record low

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Peter Knag joins the company in the middle of a rough real estate market, and when iBuying specifically appears to have lost some of its buzz. Continue reading →

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

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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

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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

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