Fifth Wall Ventures targets $500M for new real estate tech fund

Fifth Wall Ventures, a venture-capital firm, plans to raise an impressive $500 million for a new fund, the Fifth Wall REACT Fund, according to a new regulatory filing on Wednesday. Continue reading

Opendoor campaign challenges winter homeselling myth

For years, homeowners have hesitated to list their homes at the end of the year, believing that it’s an inconvenient time. “Confessions” aims to reassure sellers that Opendoor’s platform provides a reliable solution year-round, ensuring that sellers ca… Continue reading

Impact of NAR’s commission rule change illuminated in Q3 earnings

In the wake of the National Association of Realtors’ 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows. Continue reading

Opendoor lays off 300 workers after posting $78M Q3 loss

The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14 percent from Q2 and 26 percent from a year ago. Continue reading

Opendoor serves up turducken ad to spice up the holiday season

In 2024, Opendoor has ramped up its marketing with various creative agencies, which included a Super Bowl regional ad and stunt by Mischief @ No Fixed Address that featured a live TV house sale in Atlanta. Other recent campaigns include break-up-themed… Continue reading

Anywhere joins Compass in push for Clear Cooperation change

Compass on Thursday reiterated its call to ditch NAR’s pocket listing rule. But documents newly obtained by Inman also show that Anywhere shares some of Compass’ concerns. Continue reading

Gains and losses amid market shifts: Q2 2024 earnings

The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, Jessi Healey breaks down who’s up and who’s down. Continue reading

Opendoor’s revenue declines as losses also grow in second quarter

The iBuyer’s revenue declined 24 percent year over year to $1.5 billion as losses hit $92 million, down from positive income of $23 million the previous year. Continue reading