RedfinNow is operational in the Orlando and Tampa areas as of this week and will launch in the Palm Beach and Miami areas later this…
Posts published in “ibuying”
WATCH: Mike DelPrete on the end of the ‘sustained unprofitability’ era
By The Citizen on August 11, 2022
“Cash is king,” the real estate analyst argued during his opening address at Inman Connect Las Vegas. His point was that losing money has turned…
They’re gunning for your commissions: 7 reasons not to despair
By The Citizen on August 10, 2022
Despite all of the platforms and tech companies coming for real estate agent commissions, transactions hinge on the expertise of Realtors. Trainer and author Bernice…
WATCH: Mike DelPrete on how agents are the real 1-stop shop
By The Citizen on August 9, 2022
On stage at Inman Connect Las Vegas, DelPrete argued that most consumers don’t need or want to navigate yet another dashboard or website. In many…
In earnings twist, most real estate companies avoided the worst in Q2
By The Citizen on August 8, 2022
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to…
Opendoor cutting prices in bid to get surplus inventory off books
By The Citizen on August 4, 2022
The iBuying giant dramatically boosted home sales during the second quarter of 2022, generating $4.2 billion in revenue, but ended up back in the red…
DelPrete: Opendoor is ‘playing the long game,’ should survive downturn
By The Citizen on August 4, 2022
Despite a softening market and a recent FTC fine, Mike DelPrete described Opendoor as well-managed and in possession of enough cash to thrive for years…
FTC fines Opendoor $62M for allegedly ‘tricking’ consumers
By The Citizen on August 2, 2022
Regulators with the Federal Trade Commission on Monday accused the iBuyer of “cheating” and “tricking” consumers. Opendoor disagrees with the allegations but has agreed to…
A pivotal earning season is beginning. Here’s what to know
By The Citizen on August 1, 2022
Major companies share how much money they made as the real estate market veered south earlier this year and as Inman Connect unfolds, bringing these…
Opendoor hires ‘seasoned executive’ as new chief legal officer
By The Citizen on July 28, 2022
Sydney Schaub most recently worked at cryptocurrency exchange Gemini as chief legal officer and joins Opendoor at a pivotal moment in the company’s history. Source:…