Proptech investor Paul Hurst sees a ton of opportunity in market shift

The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now. Continue reading

iBuyer survey: Sellers will take $45,400 less to avoid traditional sale

Clever uncovered that 65 percent of homeowners asked, would consider selling their home to an iBuyer. Continue reading

IBuyers, Power Buyers saw explosive growth in 2021. What about 2022?

Services promising a more streamlined, less painful transaction experience have become more popular and are likely to stick around, according to a new report released Tuesday from zavvie. Continue reading

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

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’

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?

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

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

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