Tag Archives: ibuying

Opendoor hires ‘seasoned executive’ as new chief legal officer

By | | Uncategorized
Comments Off on Opendoor hires ‘seasoned executive’ as new chief legal officer

Sydney Schaub most recently worked at cryptocurrency exchange Gemini as chief legal officer and joins Opendoor at a pivotal moment in the company’s history. Continue reading →

HomeLight founder and CEO Drew Uher: Power Buying is here to stay

By | | Uncategorized
Comments Off on HomeLight founder and CEO Drew Uher: Power Buying is here to stay

HomeLight announced on June 29 that it planned to cut an unspecified number of jobs. Uher is confident in Power Buying and shares his views ahead of Inman Connect Las Vegas. Continue reading →

Congress targets investors and asks: ‘Where have all the houses gone?’

By | | Uncategorized
Comments Off on Congress targets investors and asks: ‘Where have all the houses gone?’

Committee takes up the growing reach of institutional investors at a hearing this week. The biggest companies now own more than 280,000 single-family homes to rent. Continue reading →

Opendoor expands into 3 new markets, hits 50-market milestone

By | | Uncategorized
Comments Off on Opendoor expands into 3 new markets, hits 50-market milestone

The iBuyer will now purchase and sell homes in Boston, Cincinnati and Albuquerque. The expansion comes amid a period of rapid growth for Opendoor. Continue reading →

Opendoor aims for 2-minute pre-approvals with new app

By | | Uncategorized
Comments Off on Opendoor aims for 2-minute pre-approvals with new app

The new app combs through data and comes up with a maximum price a consumer should be able to afford. Opendoor believes the process will be faster and easier for consumers than traditional pre-approvals. Continue reading →

Does a good earnings season foreshadow trouble ahead?

By | | Uncategorized
Comments Off on Does a good earnings season foreshadow trouble ahead?

Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of “headwinds” on the horizon. Continue reading →

Opendoor reaches first profitable quarter in Q1 with $28M net income

By | | Uncategorized
Comments Off on Opendoor reaches first profitable quarter in Q1 with $28M net income

After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report Thursday. Continue reading →

Realogy CEO Ryan Schneider: Make no mistake, ‘Zillow is a competitor’

By | | Uncategorized
Comments Off on Realogy CEO Ryan Schneider: Make no mistake, ‘Zillow is a competitor’

Ryan Schneider said Zillow is competing with agents and lamented they’re still writing checks to the company. “It is a shame our industry let those companies get created,” Schneider said at ICNY. Continue reading →

Zillow president says agents are essential, criticizes dual agency

By | | Uncategorized
Comments Off on Zillow president says agents are essential, criticizes dual agency

Zillow President Susan Daimler on Tuesday praised the “essentialism” of real agents, while also subtly knocking rival CoStar. Continue reading →