Tag Archives: opendoor

Spencer Rascoff: iBuyers not to blame for supply shortage

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The former Zillow CEO touched on iBuying, real estate companies going public and “global asset inflation” during a discussion at Connect Now. Continue reading →

Fifth Wall debuts third SPAC, hopes to raise $250M

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Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched a new special purpose acquisition company. Continue reading →

Inventory insanity: The secret economic forces fueling the housing shortage

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Many consumers may not realize it, but they’re increasingly competing against institutional investors and contending with soaring building costs. Continue reading →

Opendoor hires new vice president of sales and support

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Former GoDaddy and Sirius XM executive Shannon Hodges will lead the company’s acquisition and resale growth goals as they aim to improve revenue post IPO. Continue reading →

Knock hires Goldman Sachs, fueling IPO speculation

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Is the company behind the fast growing Home Swap knocking on Wall Street’s door? Knock CEO Sean Black will only confirm the hiring of Goldman. He was part of the team that took Trulia public. Continue reading →

How much are iBuyers paying for customer acquisition?

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Over the past three years, the largest iBuyers — Opendoor, Zillow and Offerpad — have spent over $200 million advertising directly to consumers. That spend peaked in 2019 before slowing during the pandemic. Historically and today, Opendoor appears to b… Continue reading →