Tag Archives: offerpad

Spencer Rascoff: The transaction facilitator category needs a rebrand

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Offerpad backer Spencer Rascoff thinks iBuying will survive without Zillow, but emerging companies need a better name for their services. Continue reading →

Zillow Offers is dead. But Zillow (and iBuying) is here to stay

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At Connect Now on Tuesday, real estate analyst Mike DelPrete shared with Brad Inman where Zillow went wrong with Zillow Offers and what “Zillow 3.0” could look like. Continue reading →

Seasonality is back, iBuying is alive, and other big earnings takeaways

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This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy. Continue reading →

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

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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 →

EXp founder Glenn Sanford: ‘Zillow turned their tail and ran’

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Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying. Continue reading →

What to expect as Compass, Opendoor, Offerpad and Keller Williams release earnings today

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How will Opendoor and Offerpad respond to Zillow bowing out of iBuying? How is Compass faring as a fledgling public company? And is Keller Williams nearing an IPO? Continue reading →

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

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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 →

No, BlackRock isn’t buying up all of Zillow’s homes

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Zillow’s ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 home, were they right about where it’s headed? Continue reading →

Zillow exits iBuying: 5 things you should know

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Zillow announced Tuesday that it is exiting its iBuyer business, Zillow Offers. After racking up over $1 billion in losses over 3.5 years, Zillow is closing the business down, a move that has significant implications for the real estate industry. Continue reading →

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 →