Category: opendoor - Page 12 - Homes in the United States

Expect more high-profile executive shakeups — and golden parachutes

By The Citizen on December 12, 2022

This month, Coldwell Banker CEO M. Ryan Gorman and Opendoor CEO Eric Wu relinquished their chief executive posts. Inman founder Brad Inman envisions a cold…

Is iBuying facing an existential crisis? The Real Word

By The Citizen on December 9, 2022

This week, Byron Lazine and Nicole White discuss Opendoor’s existential crisis, MV Realty’s alleged deceptive practices, and Left, Middle, Right. Source: Inman News

Opendoor faces ‘existential’ crisis as iBuying fights for survival

By The Citizen on December 5, 2022

The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market. …

Opendoor CEO and president out as iBuyer shakes up exec team

By The Citizen on December 1, 2022

Weeks after it reported losing nearly $1 billion in the third quarter, the leading iBuying company shook up its top executives. Founder Eric Wu was…

Here’s what you need to know about Opendoor Exclusives

By The Citizen on November 18, 2022

The iBuyer has launched a new marketplace to connect homebuyers and sellers. The move comes as the housing market continues to slow and as iBuyers…

Billions in losses, a brutal market and more from Q3 earnings season

By The Citizen on November 14, 2022

A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past…

It’s the disruption, stupid! Redfin Now and the end of iBuying as we know it

By The Citizen on November 10, 2022

As Redfin winds down its operations, Opendoor and Offerpad are the last ones left for the most part — and they’re both struggling. Was iBuying…

Redfin sees losses soar in Q3 as it winds down iBuying program

By The Citizen on November 9, 2022

The company earned $600.5 million in revenue during the third quarter, but also lost $90.2 million — up from a loss of just $18.9 million…

Flyhomes lays off workers amid ‘housing recession’

By The Citizen on November 9, 2022

The layoffs are the second round of job cuts from the end-to-end platform pioneer this year. They also add to thousands of other real estate…

Redfin called ‘fundamentally flawed’ by analyst amid stock market havoc

By The Citizen on November 7, 2022

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…

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