Inman’s first-ever Intel leadership survey revealed that leaders think the market will be worse in 2023 compared to 2022 — but they also expect to thrive regardless of the economic headwinds. Continue reading
Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves. Continue reading
With billions saved — and lost — Opendoor is living by the creed “go big or go home.” Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes exclusively for Intel. Continue reading
The dominant iBuyer lost nearly $400 million in the fourth quarter, according to an earnings call Thursday afternoon. That’s better than the previous quarter, but a big jump from the same period in 2021. Continue reading
Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday. Continue reading
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive. Continue reading
In his latest interview with Bloomberg, former Goldman Sachs investor Don Mullen explains why iBuyers won’t survive much longer, calling them the “forced sellers” of today’s market. Continue reading
The struggling iBuyer confirms the company has laid off an unspecified number of employees, with more details coming on the Feb. 22 fourth-quarter earnings call. Continue reading
U.K.-based Purplebricks remains one of the best examples in the world of a real estate disruptor going from zero to one, according to Mike DelPrete. Here’s what we can learn from its journey.
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Private placement with existing investors including CEO Brian Bair extends the company’s cash burn runway by six months to a year, KBW analysts say. Continue reading