Offerpad losses mount as iBuyer acquires and sells fewer homes

At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent.. Continue reading

‘It’s a hard sell’: Car-free homes coming to sprawling Phoenix area

Ryan Johnson left Opendoor in 2018 to co-found Culdesac, which now says it’s building the first from-scratch, car-free community in the U.S. Continue reading

Affordability is ‘getting worse, not better’: Report

An alarming new report says 90 percent of the new houses being built today can be purchased by just 10 percent of American households. Student debt and lack of building are a couple of factors to blame. Continue reading