Blend’s Q3 earnings take a hit as $54M in IPO compensation vests

The cloud banking software developer raises full-year revenue guidance by $13 million as it signs new clients, launches new products and integrates Title365 acquisition. Continue reading

Offerpad sees surging growth in Q3 across revenue, profits, homes sold

The company’s CEO Brian Bair was able to offer shareholders reassurance in the wake of Zillow’s iBuying flop by providing hard data to show that Offerpad’s business model is working. Continue reading

Fathom reports major double-digit growth in revenue and agents in Q3

End-to-end real estate services platform Fathom said investments in future growth drove a $3.4 million Q3 net loss, despite double-digit growth in revenue, real estate transactions and agent count. Continue reading

Zillow offloads 2,000 homes to New York City investment firm: Report

Pretium Partners has agreed to buy some of Zillow’s homes as the listings portal exits the iBuyer business, The Wall Street Journal reports. Continue reading

Zillow raced to catch up with Opendoor in a secret initiative called ‘Project Ketchup’: Report

Zillow may have damaged relationships with repair contractors in its race to gain market share from rival iBuyers, Business Insider reports. Continue reading

Coldwell Banker Bain acquired by Houston title insurance company

Coldwell Banker Bain chair Bill Riss has sold his majority interest in the company to U.S. RES Holdco, an affiliate of Houston title insurance company Stewart Information Services. Continue reading

Roofstock’s new tool lets investors purchase shares in rental homes

Now through December, investors will have access to a limited time offer of investing in Roofstock One shares for $1,000. After that, the minimum investment will start at $5,000. Continue reading

Opendoor acquires digital mortgage company

San Francisco-based RedDoor has developed a quick pre-approval process for consumers and will see its products integrated into the iBuyer’s lending services. Continue reading

Offerpad CEO: Zillow’s folly was in ‘chase’ to be the ‘fastest’

In a new interview on Thursday, Offerpad CEO Brian Bair explained where Zillow went wrong and his enduring faith in the iBuying business model. Continue reading