Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry. Continue reading
In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That’s up from a loss of just $57 million during the third quarter of 2021. Continue reading
The company brought in $483 million in revenue and suffered a loss of $53 million — an improvement over the Q3 2021 losses of $329 million, according to quarterly earnings results Wednesday. Continue reading
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry. Continue reading
Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market. Continue reading
During Inman Connect on Tuesday, Gary Keller discussed an array of topics with Inman founder Brad Inman. Keller said companies have to focus on “dollars in, expenses out” as they reach for profitability. Continue reading
A year after announcing it would abandon its iBuyer program, Zillow has offloaded the last of the homes it bought with Zillow Offers, marking the end of a major chapter in real estate history. Continue reading
Multiple real estate companies are seeing share prices fall to all-time lows. If they can’t ultimately turn around their stock market performances, their falling share prices could have profound impacts on the real estate industry. Continue reading
Kelman and other real estate “tycoons” star in a “Shark Tank”-inspired competition called “Buy My House.” The show debuts Friday on Netflix. Continue reading
Raji Subramanian previously led teams at Amazon and Yahoo and went to Opendoor after a 2021 acquisition. She brings a wealth of knowledge, experience and leadership, the company says. Continue reading