Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a…
Posts published in “ibuying”
‘Go big or go home’: Opendoor’s high-stakes bid to disrupt real estate
By The Citizen on March 1, 2023
With billions saved — and lost — Opendoor is living by the creed “go big or go home.” Yet even after a dreary Q4, the…
Offerpad lost $24K on every home sold in Q4 as losses hit record high
By The Citizen on February 22, 2023
Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to…
Redfin sees revenue fall, losses mount amid tough market in Q4
By The Citizen on February 16, 2023
The portal and online brokerage saw revenue fall 25 percent year over year during the fourth quarter of 2022, and lost a total of $61.9…
Cost cutting and existentialism: What to expect from earnings
By The Citizen on February 15, 2023
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst…
Offerpad buys more time with $90M raise as end of runway approaches
By The Citizen on February 1, 2023
Private placement with existing investors including CEO Brian Bair extends the company’s cash burn runway by six months to a year, KBW analysts say. Source:…
Compass went public 2 years ago. Can it recover from its stock slump?
By The Citizen on January 25, 2023
Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors’ appetite for shares…
Layoffs hit rent-to-own company Home Partners of America
By The Citizen on January 19, 2023
Layoffs come a week after the shutdown of RealSure, Home Partners’ iBuyer joint venture with real estate franchising giant Anywhere, and include Pathlight Property Management. …
Opendoor explores the possibilities of a move in new ad campaign
By The Citizen on January 19, 2023
The campaign dubbed “This is a Door” pays tribute to the unexpected possibilities that go along with turning a new chapter in life, such as…
After a near 90% fall, analytics firm sees Opendoor shares rising to $6
By The Citizen on January 12, 2023
A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching. Source:…