A new report from Zillow found that the nation’s four largest iBuyers reached a 1 percent market share in the second quarter of 2021, setting the stage for record-breaking sales in Q3. Continue reading
The iBuyer went public a day after merging with the Spencer Rascoff-led Supernova Partners Acquisition Company. The company will now be known as “Offerpad Solutions.” Continue reading
The move is part of the iBuyer’s continued expansion efforts as it prepares to go public later this quarter, a spokesperson said. Continue reading
The Arizona-based iBuyer took in $376.8 million in revenue during Q2 2021, and its net income grew to $9.2 million, giving the company its first profitable quarter. Continue reading
Home prices are rising across the U.S., and iBuyers, led by Opendoor, Zillow and Offerpad, are paying record-high, above market values for the homes they’re buying, but they’re also reselling them for more money than ever before. Continue reading
Amid a highly competitive market in the first half of 2021, iBuyers began making more competitive offers and expanding the range of homes they were willing to purchase. Continue reading
The company will begin selling shares via a SPAC merger at a moment when interest in 3D tours is surging — and when more competitors are inching onto Matterport’s turf. Continue reading
The iBuyer has started buying and selling homes in the Indianapolis area as it eyes new markets in Kansas City, St. Louis and Columbus, Ohio. Continue reading
The technology-based lender co-founded by former Zillow executive Greg Schwartz is now live in Seattle, Dallas and Houston. The company will refer homebuyers to real estate agents through a partnership with coaching company Tom Ferry. Continue reading
Offerpad has shuttered a joint venture it formed in 2017 with loanDepot and is now operating as a licensed mortgage broker in Alabama, Arizona and Colorado. Continue reading