As Zillow pumps brakes on buying, other stunned iBuyers forge ahead

Zillow says it’s facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow’s abrupt pause, say they aren’t suffering from the same issues. Continue reading

3 moments that made Adena Hefets into an industry disruptor

From watching her parents struggle to make ends meet as a child to connecting with an excellent mentor as an adult, these are the moments that shaped Hefets’ career. Continue reading

Opendoor boosts homebuying power with $9B borrowing limit

In a Securities and Exchange Commission filing on Oct. 4, Opendoor revealed it has entered into an amended mezzanine debt facility with a $3 billion limit. The amended mezzanine debt facility will bridge the gap between Opendoor’s debt and equity finan… Continue reading

Opendoor and FTC still at odds over iBuyer’s advertising

Regulator threatened “enforcement action” related to allegedly “inaccurate” or “inadequately substantiated” advertising claims if settlement talks fail. Continue reading

Opendoor launches partnership with new-home platform BDX

Opendoor is digging into the new-home market through a partnership with Builders Digital Experience, the owners of the new-home search platform NewHomeSource. Starting Thursday, homeowners can request an Opendoor Trade-In offer through a widget on NewH… Continue reading

Redfin CEO, Zillow pour cold water on TikToker’s iBuyer theory

A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory “fairly conspiratorial,” and iBuyers themselves said they still have a tiny share of the market. Continue reading

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

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

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

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

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