Tag Archives: opendoor

Market shifts, rate hikes and why real estate stocks can’t get a break

By | | Uncategorized
Comments Off on Market shifts, rate hikes and why real estate stocks can’t get a break

As real estate enters what one observer called a “Wile E. Coyote” moment, real estate companies’ share prices continue to struggle amid market uncertainty. Continue reading →

Homepoint is first wholesale lender with cash offer product

By | | Uncategorized
Comments Off on Homepoint is first wholesale lender with cash offer product

Powered by Accept.inc, Homepoint Cash Compete program is available at launch in six states: California, Colorado, Minnesota, Oregon, Texas and Washington. Continue reading →

Zillow, Opendoor and Compass debut on the Fortune 500

By | | Uncategorized
Comments Off on Zillow, Opendoor and Compass debut on the Fortune 500

The companies all debuted within a few slots of established player Realogy, and highlight both the role of tech in real estate and the rise of bitter rivalries. Continue reading →

Lower partners with Orchard to offer Power Buyer services

By | | Uncategorized
Comments Off on Lower partners with Orchard to offer Power Buyer services

As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor. Continue reading →

Opendoor’s growth has ‘materially accelerated’: DelPrete

By | | Uncategorized
Comments Off on Opendoor’s growth has ‘materially accelerated’: DelPrete

Last year was a record year for Opendoor — and the latest data suggests that 2022 may turn out to be even bigger. Find out more on how the iBuyer is driving growth from data expert Mike DelPrete. Continue reading →

Brokerages push back on NAR ad campaign targeting ‘competitors’

By | | Uncategorized
Comments Off on Brokerages push back on NAR ad campaign targeting ‘competitors’

The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it’s competing with for consumer mindshare. Continue reading →

Does a good earnings season foreshadow trouble ahead?

By | | Uncategorized
Comments Off on Does a good earnings season foreshadow trouble ahead?

Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of “headwinds” on the horizon. Continue reading →

Opendoor reaches first profitable quarter in Q1 with $28M net income

By | | Uncategorized
Comments Off on Opendoor reaches first profitable quarter in Q1 with $28M net income

After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report Thursday. Continue reading →