Tag Archives: opendoor

5 key charts that illuminate real estate’s Q1 earnings season

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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 →

Real estate stocks are suddenly and finally on fire

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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 →

Mike DelPrete breaks down iBuyer Opendoor’s effort to right the ship

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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 →

Opendoor CEO Carrie Wheeler on Q1 earnings and the iBuyer’s future

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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 →

Opendoor steers clear of epic 2022 losses in Q1, but revenue remains down

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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 →

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

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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 →

Opendoor lays off 22% of its workforce in latest round of cuts

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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 →

As iBuyers struggle, agents rethink relationships with cash-offer kings

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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 →

Cash to burn: Do real estate’s big players have enough in the bank?

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Real estate businesses burned through billions in cash last year. Intel breaks down the biggest companies with the least wiggle room as economic uncertainty stretches into 2023. Continue reading →

Mike DelPrete on the perils of hurting for cash in a down market

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Big brokerages and emerging disruptors alike dipped into savings as revenues declined late last year. Industry analyst Mike DelPrete spoke exclusively to Intel about the options at their disposal. Continue reading →