Tag Archives: opendoor

Offerpad launches Kansas City, St. Louis markets in ongoing expansion

By Daniel Houston | September 20, 2021 - 11:05 pm |September 20, 2021 Uncategorized

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The iBuyer’s two new metros were the first since since the company went public earlier this month. Columbus, Ohio, is next on the list. Continue reading →

Meet the Opendoor executive shaping the iBuyer narrative

By Lillian Dickerson | September 20, 2021 - 9:00 am |September 20, 2021 Uncategorized

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As Opendoor’s Chief Customer Officer, Megan Meyer Toolson is putting the company’s customer at the forefront of everything and sharing the iBuyer’s story with agents and brokers. Continue reading →

Opendoor surpasses 42-market expansion goal 4 months early

By Marian McPherson | September 14, 2021 - 1:00 pm |September 14, 2021 Uncategorized

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With the rollout of services in Washington D.C., Cleveland and Columbus, Opendoor has officially surpassed its expansion goal set in March. Continue reading →

Offerpad stock surges on second day of trading as iBuyers see gains

By Daniel Houston | September 8, 2021 - 5:25 pm |September 8, 2021 Uncategorized

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Offerpad’s stock spiked 27 percent on Tuesday before settling back down to $10 per share as investors continued to show interest in iBuyers. Continue reading →

Falling home price appreciation threatens iBuyer profits: DelPrete

By Mike DelPrete | September 8, 2021 - 4:39 pm |September 8, 2021 Uncategorized

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IBuyers are closer than ever to profitability. But the overwhelming majority of profits are coming from record home price appreciation, which is temporary and appears to be falling.
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IBuyers on track to have record-setting sales in Q3

By Marian McPherson | September 7, 2021 - 9:02 pm |September 7, 2021 Uncategorized

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A new report from Zillow found that the nation’s four largest iBuyers reached a 1 percent market share in the second quarter of 2021, setting the stage for record-breaking sales in Q3. Continue reading →

Opendoor acquires 2 home renovation startups

By Jim Dalrymple II | September 7, 2021 - 6:54 pm |September 7, 2021 Uncategorized

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The iBuying giant will keep the teams and technology from Skylight and Pro.com, but will discontinue the brands themselves. Continue reading →

Opendoor launches self-guided virtual walk-throughs for sellers

By Marian McPherson | August 26, 2021 - 10:38 pm |August 26, 2021 Uncategorized

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Homesellers using Opendoor can now complete their interior home inspection through uploaded videos and photos, according to a company announcement on Tuesday. Continue reading →

Opendoor looking to raise up to $862.5M in new debt

By Matt Carter | August 17, 2021 - 2:09 pm |August 17, 2021 Uncategorized

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The debt offering — in the form of senior convertible notes that mature in 2026 — will include a $750 million private offering to qualified institutional investors. Continue reading →

Opendoor reports $1.2B in revenue, beats expectations in Q2

By Jim Dalrymple II | August 11, 2021 - 8:28 pm |August 11, 2021 Uncategorized

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The iBuyer also experienced a loss of $144 million between April and June, and sold a total of 3,481 homes. Continue reading →