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

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

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

Opendoor and Zillow expand partnership into 3 new markets

The firms said they would expand into Houston, Phoenix and Dallas. The expansion follows the group’s February announcement that they would offer their joint service in Atlanta and Raleigh. Continue reading

Keller Williams’ sales dip in US as agent count takes big leap overseas

Transaction sides fell 18.2 percent year over year for a total of $472.9 billion in sales in 2022, a 12.5 percent decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage. Continue reading

Silicon Valley Bank, proptech hub for real estate clients, collapses

In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO. Continue reading

The message is blunt: Real estate leaders anticipate a tough 2023

Inman’s first-ever Intel leadership survey revealed that leaders think the market will be worse in 2023 compared to 2022 — but they also expect to thrive regardless of the economic headwinds. Continue reading

Real estate took a drubbing in Q4, but some companies still surprised

Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves. Continue reading

Blame it on the ‘volatile housing market’: Your Q4 2022 earnings roundup

As companies report their Q4 and full-year earnings, industry-watchers read the tea leaves for indications of what’s working now — and what’s likely to happen next. Continue reading

‘Go big or go home’: Opendoor’s high-stakes bid to disrupt real estate

With billions saved — and lost — Opendoor is living by the creed “go big or go home.” Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes exclusively for Intel. Continue reading

Opendoor’s losses doubled in Q4 as the iBuyer’s revenue fell 25%

The dominant iBuyer lost nearly $400 million in the fourth quarter, according to an earnings call Thursday afternoon. That’s better than the previous quarter, but a big jump from the same period in 2021. Continue reading