At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent..
Source: Inman News
Offerpad losses mount as iBuyer acquires and sells fewer homes
Published in Agent Partnership Program, Brian Bair, Buyers Tools, earnings, earnings 2024, earnings Q4 2024, ibuyer, Industry News, inman, nashville, offerpad, Offerpad Solutions Inc., Peter Knag, Powered By Offerpad, quarterly earnings reports, realtor.com, Select and Tempe
More from Agent Partnership ProgramMore posts in Agent Partnership Program »
More from Brian BairMore posts in Brian Bair »
- Offerpad sees declining revenue, but trims losses during Q2
- IBuyer Offerpad cuts Q1 loss and boosts acquisitions as sales fall
- Impact of NAR’s commission rule change illuminated in Q3 earnings
- Offerpad dialed back its iBuyer acquisitions by 49% in Q3
- Offerpad CEO on the company’s 4% solution for real estate agents
More from Buyers ToolsMore posts in Buyers Tools »
- Lenders getting a jump on higher 2026 conforming loan limits
- With fresh capital, Knock ups the limit on its bridge loans to $1M
- Colorado MLS begins offering complimentary Rayse access
- Meme stock rally? Short squeeze? Opendoor’s share price is soaring
- Waltz secures credit to scale foreign investment platform
More from earningsMore posts in earnings »
- RE/MAX stays profitable as US agent count, revenue decline
- Tech, scale and strategy fuel Q1 wins across real estate
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Rocket says it could close Redfin acquisition as soon as this quarter
- Investors cheer as Guild grows Q1 mortgage originations by 35%
More from earnings 2024More posts in earnings 2024 »
- LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook
- Douglas Elliman wraps 2024 with hefty $76M net loss for year
- Rentals, tech and efficiency drive real estate’s Q4 earnings
- Opendoor saw rising losses in Q4, but managed to boost revenue
- Matterport lost $256M in 2024 as it continued scaling before merger
More from earnings Q4 2024More posts in earnings Q4 2024 »
- Fathom Realty now offering agents 20% commission split option
- Investors surprised by nCino’s $18.6M Q4 loss, cautious guidance
- Better’s losses shrink as AI boosts 2024 loan volume, revenue
- LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook
- Douglas Elliman wraps 2024 with hefty $76M net loss for year
More from ibuyerMore posts in ibuyer »
More from Industry NewsMore posts in Industry News »
More from inmanMore posts in inman »
More from nashvilleMore posts in nashville »
- This real estate agent faked it ’til she made it. Social media paved the way
- Here are the markets where homebuyers have the upper hand
- HGTV who? TikTok, not reality TV, took this broker’s business to another level
- It’s a higher-for-longer world, and we’re just living in it: Economist
- Waning buyer activity pushes home price growth to 2-year low
More from offerpadMore posts in offerpad »
- Opendoor’s resurrection: Will there be an iBuyer afterlife?
- He started the Opendoor stock rally. Now he wants the CEO out
- Opendoor grows revenue and trims losses in 2nd quarter rally
- Offerpad sees declining revenue, but trims losses during Q2
- ‘Meme stock’ surge lifts Opendoor out of delisting danger zone
More from Offerpad Solutions Inc.More posts in Offerpad Solutions Inc. »
More from Peter KnagMore posts in Peter Knag »
More from Powered By OfferpadMore posts in Powered By Offerpad »
More from quarterly earnings reportsMore posts in quarterly earnings reports »
More from realtor.comMore posts in realtor.com »
- Is fall the new spring? Market winds may be shifting, NAR says
- When it comes to condo vs. townhome value, location matters
- The best time to buy a home in 2025: What agents need to know
- How the growing buyer power shift is reshaping the real estate market
- ‘Not a shift, a transition,’ 2 reports say of homebuying market
More from SelectMore posts in Select »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
Be First to Comment