Black homesellers get better offers with iBuyers, but there’s a catch

A University of Washington study revealed iBuyers give Black homeowners better offers than they receive on the open market. However, those offers potentially come with some longterm tradeoffs. Continue reading

The analyst who predicted a 30% fall in commissions has more to say

Veteran KBW analyst Ryan Tomasello will be talking about the “watershed moment” that could lead to consolidation and innovation across the real estate industry at Inman Connect Las Vegas. Continue reading

Opendoor rolls out mobile truck with instant offers in Nashville

“The Offer Mobile” is driving around neighborhoods in Nashville, Tennessee, to literally bring Opendoor’s instant offers to consumers’ front doors. Continue reading

Offerpad gets new CFO as stock hovers near record low

Peter Knag joins the company in the middle of a rough real estate market, and when iBuying specifically appears to have lost some of its buzz. Continue reading

Offerpad posts a decline in annual revenue, but improves Q1 losses

The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. Continue reading

Offerpad posts a decline in annual revenue, but improves Q1 losses

The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. Continue reading

Opendoor revenue dips and losses rise amid Q1 transaction slump

Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer. Continue reading

Opendoor’s partnership with eXp officially goes live

The companies’ integrated technology will streamline the process to make Opendoor cash offers available to eXp’s tens of thousands of agents. Continue reading