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…
Posts published in “ibuying”
Opendoor founder Eric Wu leaving company to focus on startups
By The Citizen on December 15, 2023
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
By The Citizen on November 8, 2023
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
By The Citizen on November 2, 2023
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
By The Citizen on August 3, 2023
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
By The Citizen on August 2, 2023
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
By The Citizen on August 2, 2023
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?
By The Citizen on July 26, 2023
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…
Here’s how CoStar can beat Zillow and win the real estate portal wars
By The Citizen on July 19, 2023
CoStar is already borrowing a page from other big insurgent companies including Nike, Apple and Pepsi. But whether it can surpass Zillow may depend on…
Offerpad executes 1-for-15 reverse stock split to head off delisting
By The Citizen on June 12, 2023
The pioneering iBuyer hopes to bring its share price back above the New York Stock Exchange’s $1 minimum threshold. Source: Inman News