Tag Archives: opendoor

Opendoor faces ‘existential’ crisis as iBuying fights for survival

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The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market. Continue reading →

Opendoor CEO and president out as iBuyer shakes up exec team

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Weeks after it reported losing nearly $1 billion in the third quarter, the leading iBuying company shook up its top executives. Founder Eric Wu was replaced as CEO by CFO Carrie Wheeler, and President Andrew Low Ah Kee has resigned. Continue reading →

Here’s what you need to know about Opendoor Exclusives

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The iBuyer has launched a new marketplace to connect homebuyers and sellers. The move comes as the housing market continues to slow and as iBuyers face gathering headwinds. Continue reading →

Billions in losses, a brutal market and more from Q3 earnings season

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A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past three dramatic weeks of third-quarter wins, losses and draws. Continue reading →

It’s the disruption, stupid! Redfin Now and the end of iBuying as we know it

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As Redfin winds down its operations, Opendoor and Offerpad are the last ones left for the most part — and they’re both struggling. Was iBuying a flash in the pan or is everyone simply looking in the wrong direction? Continue reading →

Redfin sees losses soar in Q3 as it winds down iBuying program

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The company earned $600.5 million in revenue during the third quarter, but also lost $90.2 million — up from a loss of just $18.9 million in the third quarter of 2021 — amid a worsening housing market. Continue reading →

Redfin called ‘fundamentally flawed’ by analyst amid stock market havoc

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Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry. Continue reading →

Abuzz, then a bust: What happened with all that big ‘platform’ chatter?

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Real estate platforms were a hot topic a few years ago, but for even some of the biggest companies, sprawling enterprise has been the quickest way to failure, Inman founder Brad Inman writes. Continue reading →