Tag Archives: offerpad

Market shifts, rate hikes and why real estate stocks can’t get a break

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As real estate enters what one observer called a “Wile E. Coyote” moment, real estate companies’ share prices continue to struggle amid market uncertainty. Continue reading →

Brokerages push back on NAR ad campaign targeting ‘competitors’

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The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it’s competing with for consumer mindshare. Continue reading →

Does a good earnings season foreshadow trouble ahead?

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Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of “headwinds” on the horizon. Continue reading →

Opendoor reaches first profitable quarter in Q1 with $28M net income

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After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report Thursday. Continue reading →

Offerpad stays profitable for second quarter in a row

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The iBuyer earned about $41 million in profit during the first three months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday. Continue reading →

Why are proptech companies flailing on the stock market?

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At Inman CEO Connect on Tuesday, First American Chief Innovation Officer Paul Hurst broke down what’s going on with the stock market and why SPAC mergers are so popular. Continue reading →

Power Buyer clients made 1 offer on average. Traditional buyers? 7

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As homes continue to fly off the market for five to six figures above sellers’ asking price, real estate startup zavvie said homebuyers are increasingly turning toward Power Buyers to help them effectively win against well-funded institutional and indi… Continue reading →

Opendoor disciplined in North Carolina for disclosure lapses

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Regulators say the iBuyer misrepresented a home and didn’t get the proper permits for another. Its license was suspended for 18 months, but the North Carolina Real Estate Commission has stayed the suspension, allowing Opendoor to continue operating. Continue reading →

Opendoor brings iBuying services to New Jersey, New York state

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The move will see Opendoor make cash offers in 17 counties in the two Northeastern states. New York City is not included in the expansion. It also brings Opendoor’s market count to 46. Continue reading →