The current problem seems to be unique to Zillow. Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed the signs or proceeded anyway. Regardless, it’s a timely reminder that growing an iBuyer business is chal… Continue reading
Zillow said labor and supply issues in the market have created an “operational backlog for renovations and closings.” The pause will enable the company to catch up on its existing contracts. Continue reading
In a Securities and Exchange Commission filing on Oct. 4, Opendoor revealed it has entered into an amended mezzanine debt facility with a $3 billion limit. The amended mezzanine debt facility will bridge the gap between Opendoor’s debt and equity finan… Continue reading
The publicly traded iBuyer has launched its services in the Columbus metro area, bringing its number of markets to 22. Continue reading
“All those in favor of expropriating every house that Zillow owns, say aye,” tweeted one American as Berlin’s vote to seize 240,000 apartments rippled across the globe. Continue reading
In addition to three new Texas markets, the company operates in Seattle, Boston, Portland, the Bay Area and Southern California. Continue reading
Nick Bailey asked the question: Is cash really king? This discussion on iBuying and real estate investors is with Tyler Hixson, head of growth and strategy for Opendoor, and Rob Hahn, managing partner of 7DS Associates. Continue reading
IBuyers are closer than ever to profitability. But the overwhelming majority of profits are coming from record home price appreciation, which is temporary and appears to be falling.
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The iBuyer went public a day after merging with the Spencer Rascoff-led Supernova Partners Acquisition Company. The company will now be known as “Offerpad Solutions.” Continue reading
Halo, a company that provides renters a pathway to ownership, announced in a press release it has raised $450 million to broaden its national reach. Continue reading