Offerpad’s latest financials strongly suggest that a less venture-funded, less tech-enabled, more real-estate focused and less breakneck version of iBuying can be (almost) profitable.
Source: Inman News
Offerpad is a more profitable flavor of iBuying: Mike DelPrete
More from AgentMore posts in Agent »
- Flat-fee brokerage Homie makes remarkable pivot amid upheaval
- Tim Rodland launches new Bahamas luxury brokerage
- CoStar to acquire 3D scanning company Matterport for $1.6B
- Real estate brokers didn’t fear the lawsuits — until NAR settled: Intel
- Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
More from BrokerageMore posts in Brokerage »
More from ibuyersMore posts in ibuyers »
- Single-family home sales to investors hit all-time high
- Will Perisphere and other AI-fueled startups pilfer clients from agents?
- Offerpad narrows losses despite another quarter of falling revenue
- Eyes on inventory as Q1 earnings ramp up following a chilling 2022
- As iBuyers struggle, agents rethink relationships with cash-offer kings
More from ibuyingMore posts in ibuying »
- Opendoor’s partnership with eXp officially goes live
- Opendoor posts significant decline in revenue but narrows losses in Q4
- Zillow reappoints venture capitalist Bill Gurley to board
- Opendoor founder Eric Wu leaving company to focus on startups
- Opendoor to double the number of homes it buys each month: CEO
More from Markets & EconomyMore posts in Markets & Economy »
More from mike delpreteMore posts in mike delprete »
- Possibility, probability and paradox after NAR’s settlement: DelPrete
- DelPrete: Profitability still matters when evaluating a business model
- DelPrete: Here’s what’s driving agent migration patterns now
- DelPrete: A new generation of brokerages is on the rise
- CoStar to spend a billion dollars on marketing in fight for portal crown
More from offerpadMore posts in offerpad »
- The biggest wins, losses and news from Q4 2023 earnings
- Opendoor’s partnership with eXp officially goes live
- Offerpad narrows Q4 loss, expects to be back in black later this year
- Real estate CEOs: Big changes from bombshell suits ‘improbable’
- Opendoor can’t hang on to profitability as Q3 revenue craters
More from opendoorMore posts in opendoor »
More from SelectMore posts in Select »
More from serviceMore posts in service »
More from ZillowMore posts in Zillow »
- Proptech investment is way down — but these 4 areas still see demand
- Realtor.com campaign makes pitch for buyer representation
- 2 buyers scramble to make a deal as the spring market sprints ahead
- Zillow launches ‘Home Just Got Real’ ad campaign
- West Coast tech hubs see home values skyrocket in spring market
Be First to Comment