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

Opendoor posts significant decline in revenue but narrows losses in Q4

In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the “potential for a more normalized macro backdrop” in 2024. Continue reading

Talk and tech tools to help agents thrive in 2024

Tech and team leaders at different sessions at Inman Connect New York on Tuesday stressed how agents can think outside the box to provide solutions for themselves, their clients, and other agents in the industry. Continue reading

Robert Reffkin relinquishes stock unit awards for $7M cash bonus

An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000. Continue reading

What the biggest names in real estate really thought of 2023

Fourteen of the real estate industry’s biggest leaders shared their thoughts on rising mortgage rates, slowing sales, antitrust suits, National Association of Realtors drama, and several other headline-making stories along with their hopes for the new … Continue reading

Will Perisphere and other AI-fueled startups pilfer clients from agents?

Perisphere uses an onboard computer vision solution and 0 percent commission model to help consumers self-direct transactions. And it’s using current consumer sentiment against agents to promote the tool. Continue reading