HomeLight announced on June 29 that it planned to cut an unspecified number of jobs. Uher is confident in Power Buying and shares his views…
Posts published in “ibuying”
Congress targets investors and asks: ‘Where have all the houses gone?’
By The Citizen on June 28, 2022
Committee takes up the growing reach of institutional investors at a hearing this week. The biggest companies now own more than 280,000 single-family homes to…
Opendoor expands into 3 new markets, hits 50-market milestone
By The Citizen on June 14, 2022
The iBuyer will now purchase and sell homes in Boston, Cincinnati and Albuquerque. The expansion comes amid a period of rapid growth for Opendoor. Source:…
Opendoor aims for 2-minute pre-approvals with new app
By The Citizen on June 2, 2022
The new app combs through data and comes up with a maximum price a consumer should be able to afford. Opendoor believes the process will…
Does a good earnings season foreshadow trouble ahead?
By The Citizen on May 9, 2022
Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of “headwinds” on the…
Opendoor reaches first profitable quarter in Q1 with $28M net income
By The Citizen on May 5, 2022
After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report Thursday. Source:…
Offerpad expands into 5 new markets
By The Citizen on May 5, 2022
The company’s expansions come on the heels of its second straight profitable quarter. Source: Inman News
Zillow president says agents are essential, criticizes dual agency
By The Citizen on April 19, 2022
Zillow President Susan Daimler on Tuesday praised the “essentialism” of real agents, while also subtly knocking rival CoStar. Source: Inman News
Trulia’s former president on what makes a ‘world-changing’ company
By The Citizen on April 7, 2022
Ahead of Inman Connect New York this month, former Trulia president and current proptech investor Paul Levine talks iBuying, company culture and the future of…
Opendoor disciplined in North Carolina for disclosure lapses
By The Citizen on April 5, 2022
Regulators say the iBuyer misrepresented a home and didn’t get the proper permits for another. Its license was suspended for 18 months, but the North…