Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading
The former rivals are now jointly providing cash offers to consumers in a total of 16 markets, most of them spread out across the Sunbelt. Continue reading
Most publicly traded real estate companies continued to bleed money in the first chunk of 2023. These metrics help explain why investors aren’t panicking. Continue reading
Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading
The dominant iBuyer has taken extraordinary steps to survive this period of upheaval, writes real estate analyst Mike DelPrete, who dug deeper into last week’s Q1 earnings exclusively for Intel. Continue reading
The chief executive of the largest iBuyer spoke to Inman about Opendoor’s first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022. Continue reading
The iBuying giant saw revenue dip 39 percent year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022. Continue reading
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading
In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles. Continue reading
IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation’s biggest housing markets. Now, real estate agents say their role has diminished dramatically. Continue reading