Tag Archives: stock market

The best Black Friday deals for real estate agents in 2022

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Inman’s 2022 Black Friday picks for real estate agents, brokers, clients and everyone else in their sphere is jam-packed with cutting-edge tech, home goods and so much more. Continue reading →

NYSE threatens to boot Offerpad over plummeting share price

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Offerpad’s stock slipped below $1 per share in late October, positioning the iBuyer to be delisted from the New York Stock Exchange, which would make it more difficult to buy and sell shares while scaring off investors. Continue reading →

Redfin sees losses soar in Q3 as it winds down iBuying program

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The company earned $600.5 million in revenue during the third quarter, but also lost $90.2 million — up from a loss of just $18.9 million in the third quarter of 2021 — amid a worsening housing market. Continue reading →

Zillow sees Q3 revenue dip, but manages to significantly trim losses

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The company brought in $483 million in revenue and suffered a loss of $53 million — an improvement over the Q3 2021 losses of $329 million, according to quarterly earnings results Wednesday. Continue reading →

Opendoor lays off 18% of workforce ahead of Q3 earnings call this week

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The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry. Continue reading →

4 things to watch as Compass’ annual conference unfolds this week

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Compass became the largest company of its kind in the U.S. this year, but is holding its annual gathering as the real estate industry navigates uniquely troubled waters. Continue reading →

The big iBuyers are getting brutalized in the stock market

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Shares in Opendoor, Offerpad and Redfin all hit all-time low prices Friday. The milestones come after months of declines for companies across the real estate space. Continue reading →

What’s a ‘tornado housing market?’ Hint: You might be in one right now

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Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading →

Opendoor expands rapid preapproval app to 3 new states

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Once only available in California, the expansion will see the Opendoor Finance App available in Texas, Arizona and Georgia, promising consumers preapproval letters in 60 seconds or less. Continue reading →

No retailer captured the dream of ‘home’ quite like Bed Bath & Beyond

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The home goods retailer was not only a store that had everything a person might want for a home, but it symbolized the very American dream of homeownership. Today it’s fighting for survival. Continue reading →