Tag Archives: ibuying

Rentals, tech and efficiency drive real estate’s Q4 earnings

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Real estate brokerage Q4 earnings winners surged ahead by betting on rentals, AI-driven efficiencies and streamlined operations. Continue reading →

Opendoor saw rising losses in Q4, but managed to boost revenue

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The iBuyer’s $1.1 billion in Q4 revenue wasn’t enough to offset a loss of $113 million. However, CEO Carrie Wheeler said the company entered 2025 as “a leaner, more efficient business.” Continue reading →

Stay tuned: The tumult of 2024 leaves real estate on a cliffhanger

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What will happen with the commission litigation? Which companies may merge? How will consumers behave? The only thing that’s certain is that real estate’s next episode will be big. Continue reading →

Tim Heyl on Homeward’s power buyer pivot in a high-rate cycle

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The power buyer CEO also weighs in on whether traditional iBuyers will ever see their Goldilocks moment and turn a regular profit. 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 →

Opendoor revenue dips and losses rise amid Q1 transaction slump

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Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer. Continue reading →

Opendoor’s partnership with eXp officially goes live

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The companies’ integrated technology will streamline the process to make Opendoor cash offers available to eXp’s tens of thousands of agents. Continue reading →

Opendoor posts significant decline in revenue but narrows losses in Q4

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In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the “potential for a more normalized macro backdrop” in 2024. Continue reading →

Zillow reappoints venture capitalist Bill Gurley to board

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Gurley joins Zillow at a time when the portal giant is under pressure to evolve and deliver on its promise to create a housing super app. Continue reading →

Opendoor founder Eric Wu leaving company to focus on startups

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Wu founded Opendoor in 2014 and served as the company’s chief executive officer until last year. He said in a statement that he’s leaving to focus on building new things. Continue reading →