Tag Archives: offerpad

Zillow stocks plunge as competing iBuyers hang steady amid chaos

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Thirty minutes into trading on Wednesday, Zillow Group’s stock was down about 16.6 percent to around $70.55 per share. Continue reading →

Redfin CEO Glenn Kelman ‘skeptical’ about iBuyer growth

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Glenn Kelman said Wednesday at Inman Connect that many agents expect iBuyers to grow. He isn’t so convinced, but does see disintermediation as a real issue. Continue reading →

First American bets big on next-generation proptech investments 

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The nation’s second-largest title insurer has invested in 16 venture-funded companies valued at $669 million after gains on Offerpad, Orchard, Sundae and Pacaso. Continue reading →

WeWork finally goes public, stock jumps on 1st day of trading

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At long last, WeWork made its stock market debut Thursday, two years after it tried and failed to first hold an initial public offering. Continue reading →

Missed signs? Zillow’s pause on buying underscores scaling challenges: Mike DelPrete

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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 →

As Zillow pumps brakes on buying, other stunned iBuyers forge ahead

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Zillow says it’s facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow’s abrupt pause, say they aren’t suffering from the same issues. Continue reading →

Offerpad launches in 106 central Ohio cities, including Columbus

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The publicly traded iBuyer has launched its services in the Columbus metro area, bringing its number of markets to 22. Continue reading →

Redfin CEO, Zillow pour cold water on TikToker’s iBuyer theory

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A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory “fairly conspiratorial,” and iBuyers themselves said they still have a tiny share of the market. Continue reading →

Offerpad launches Kansas City, St. Louis markets in ongoing expansion

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The iBuyer’s two new metros were the first since since the company went public earlier this month. Columbus, Ohio, is next on the list. Continue reading →

Offerpad stock surges on second day of trading as iBuyers see gains

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Offerpad’s stock spiked 27 percent on Tuesday before settling back down to $10 per share as investors continued to show interest in iBuyers. Continue reading →