Tag Archives: opendoor

Zillow after Zillow Offers: Here’s what happens next

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Experts envision the company pivoting to the comparatively easier business of working with buyers after the failed experiment of scooping up homes from sellers. Continue reading →

Opendoor co-founder slams Zillow, calls portal’s tech ‘horrible’

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Keith Rabois also said on Twitter Wednesday that he expects Zillow to suffer “even greater losses than they admit.” Continue reading →

Zillow exits iBuying: 5 things you should know

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Zillow announced Tuesday that it is exiting its iBuyer business, Zillow Offers. After racking up over $1 billion in losses over 3.5 years, Zillow is closing the business down, a move that has significant implications for the real estate industry. Continue reading →

The Zestimate comes back to bite: Reactions to the end of Zillow Offers

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Industry professionals and social media wags alike reacted to news on Tuesday that Zillow would shut down Zillow Offers, its iBuyer program. Many pointed to CEO Rich Barton’s statements on the difficulties of forecasting home prices and the company’s Z… Continue reading →

Opendoor plans to hire nearly 100 tech engineers in Canada

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The new team members will be based in Toronto and will work on financial platforms and technology infrastructure. Continue reading →

Redfin CEO Glenn Kelman ‘skeptical’ about iBuyer growth

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Glenn Kelman said Wednesday at Inman Connect that many agents expect iBuyers to grow. He isn’t so convinced, but does see disintermediation as a real issue. Continue reading →

Opendoor to make iBuyer offers on listings in real-time at realtor.com

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Users of realtor.com will now be able to see a preliminary offer from Opendoor in real-time via the search portal’s My Home dashboard, it was announced Wednesday. Continue reading →

WeWork finally goes public, stock jumps on 1st day of trading

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At long last, WeWork made its stock market debut Thursday, two years after it tried and failed to first hold an initial public offering. Continue reading →

Missed signs? Zillow’s pause on buying underscores scaling challenges: Mike DelPrete

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The current problem seems to be unique to Zillow. Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed the signs or proceeded anyway. Regardless, it’s a timely reminder that growing an iBuyer business is chal… Continue reading →