Tag Archives: opendoor

Gains and losses amid market shifts: Q2 2024 earnings

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The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, Jessi Healey breaks down who’s up and who’s down. Continue reading →

Opendoor’s revenue declines as losses also grow in second quarter

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The iBuyer’s revenue declined 24 percent year over year to $1.5 billion as losses hit $92 million, down from positive income of $23 million the previous year. Continue reading →

Black homesellers get better offers with iBuyers, but there’s a catch

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A University of Washington study revealed iBuyers give Black homeowners better offers than they receive on the open market. However, those offers potentially come with some longterm tradeoffs. Continue reading →

The analyst who predicted a 30% fall in commissions has more to say

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Veteran KBW analyst Ryan Tomasello will be talking about the “watershed moment” that could lead to consolidation and innovation across the real estate industry at Inman Connect Las Vegas. Continue reading →

Opendoor rolls out mobile truck with instant offers in Nashville

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“The Offer Mobile” is driving around neighborhoods in Nashville, Tennessee, to literally bring Opendoor’s instant offers to consumers’ front doors. Continue reading →

Offerpad gets new CFO as stock hovers near record low

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Peter Knag joins the company in the middle of a rough real estate market, and when iBuying specifically appears to have lost some of its buzz. Continue reading →

Offerpad posts a decline in annual revenue, but improves Q1 losses

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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

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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

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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 →