The companies’ integrated technology will streamline the process to make Opendoor cash offers available to eXp’s tens of thousands of agents. Source: Inman News
Posts published in “ibuying”
Opendoor posts significant decline in revenue but narrows losses in Q4
In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the “potential for a more normalized macro backdrop”…
Zillow reappoints venture capitalist Bill Gurley to board
Gurley joins Zillow at a time when the portal giant is under pressure to evolve and deliver on its promise to create a housing super…
Opendoor founder Eric Wu leaving company to focus on startups
Wu founded Opendoor in 2014 and served as the company’s chief executive officer until last year. He said in a statement that he’s leaving to…
Opendoor to double the number of homes it buys each month: CEO
CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones…
Opendoor can’t hang on to profitability as Q3 revenue craters
The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal…
Opendoor rebounds with profitable Q2 despite steep revenue decline
The iBuying giant sold fewer homes and brought in less cash in Q2 2023 than it did during the same time in 2022, but it…
Offerpad scoops up more homes in Q2 as path to profitability emerges
Having unloaded almost all of its older inventory, the iBuyer ramped up home acquisitions by 131 percent, to 840 homes, in the second quarter of…
Team of rivals: Zillow, Redfin unite to share new construction listings
New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders’ listings…
Will the second quarter of 2023 match real estate’s Q1 meltdown?
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what…