Tag Archives: opendoor

Zillow close to unloading more than half of its iBuyer homes

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Real estate giant also announces $750 million stock buyback following the company’s stock price tumble after Zillow Offers shutdown. Continue reading →

Why Zillow’s iBuying flop is just a blip, not a bad omen

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Many have pointed to the failure of Zillow Offers as proof that the Zestimate is inaccurate, but the company’s struggles actually reinforce the critical role that quality automated valuation technology plays in the iBuying process. Continue reading →

Rental property startup Doorvest unveils selling arm and $39M round

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The funding round will help the rental homeownership startup add hires, expand into new Sun Belt markets and invest in its product and technology, according to an announcement. Continue reading →

‘IBuyers have never been bigger’: Mike DelPrete

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The situation will certainly change with Zillow exiting the market and seasonality kicking in during Q4 2021. But for the time being, iBuyers have never been bigger, and Opendoor is now left as the undisputed category leader. Continue reading →

Spencer Rascoff: The transaction facilitator category needs a rebrand

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Offerpad backer Spencer Rascoff thinks iBuying will survive without Zillow, but emerging companies need a better name for their services. Continue reading →

Zillow Offers is dead. But Zillow (and iBuying) is here to stay

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At Connect Now on Tuesday, real estate analyst Mike DelPrete shared with Brad Inman where Zillow went wrong with Zillow Offers and what “Zillow 3.0” could look like. Continue reading →

Los Angeles wants to ban iBuying

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Amid an ongoing housing shortage and rapid price appreciation, Los Angeles city lawmakers are now searching for ways to thwart iBuyers in their city. Continue reading →

Seasonality is back, iBuying is alive, and other big earnings takeaways

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This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy. Continue reading →

EXp founder Glenn Sanford: ‘Zillow turned their tail and ran’

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Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying. Continue reading →