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.
Continue reading
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
The market went south, but consumers’ appetite for power buying didn’t, according to a new report from real estate marketplace zavvie. Continue reading
Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors’ appetite for shares fall significantly. Continue reading
Executives at the iBuying pioneer see tremendous opportunity if they can negotiate today’s challenging “in-between” phase where buyers and sellers are on the fence. Continue reading