Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the…
Posts published in “ibuying”
Opendoor lost nearly $1B in Q3 in ‘once-in-40-years market transition’
By The Citizen on November 3, 2022
In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That’s up from a loss…
Zillow sees Q3 revenue dip, but manages to significantly trim losses
By The Citizen on November 2, 2022
The company brought in $483 million in revenue and suffered a loss of $53 million — an improvement over the Q3 2021 losses of $329…
Opendoor lays off 18% of workforce ahead of Q3 earnings call this week
By The Citizen on November 2, 2022
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…
Real estate companies are about to tell us just how bad the downturn is
By The Citizen on November 2, 2022
Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped…
Gary Keller: Tech firms’ ancillary service strategy a ‘big lie’
By The Citizen on October 19, 2022
During Inman Connect on Tuesday, Gary Keller discussed an array of topics with Inman founder Brad Inman. Keller said companies have to focus on “dollars…
Zillow iBuyer program officially ends as last homes leave the market
By The Citizen on October 7, 2022
A year after announcing it would abandon its iBuyer program, Zillow has offloaded the last of the homes it bought with Zillow Offers, marking the…
Real estate stocks are getting absolutely destroyed right now
By The Citizen on September 2, 2022
Multiple real estate companies are seeing share prices fall to all-time lows. If they can’t ultimately turn around their stock market performances, their falling share…
Here’s how Redfin’s Glenn Kelman became a reality TV star
By The Citizen on September 2, 2022
Kelman and other real estate “tycoons” star in a “Shark Tank”-inspired competition called “Buy My House.” The show debuts Friday on Netflix. Source: Inman News
Opendoor promotes Amazon exec to serve as technology chief
By The Citizen on August 24, 2022
Raji Subramanian previously led teams at Amazon and Yahoo and went to Opendoor after a 2021 acquisition. She brings a wealth of knowledge, experience and…