CEO Brian Bair offered reassurance in the wake of Zillow's iBuying exit that Offerpad's business model is working
Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying
How will Opendoor and Offerpad respond to Zillow bowing out of iBuying? How is Compass faring as a fledgling public company? And is Keller Williams nearing an IPO?
In a new interview on Thursday, Offerpad CEO Brian Bair explained where Zillow went wrong and his enduring faith in the iBuying business model
Zillow's ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 homes, were they right about where it's headed?
Opinion
This move that has significant implications for the real estate industry. Here's why
Thirty minutes into trading on Wednesday, Zillow Group's stock was down about 16.6 percent to around $70.55 per share
The move should take several quarters and will also result in Zillow reducing its workforce by about 25 percent
Glenn Kelman said Wednesday at Inman Connect that many agents expect iBuyers to grow. He isn't so convinced, but does see disintermediation as a real issue
The nation's second-largest title insurer has invested in 16 venture-funded companies valued at $669M after gains on Offerpad, Orchard, Sundae and Pacaso
At long last, WeWork made its stock market debut Thursday, two years after it tried and failed to first hold an initial public offering
Opinion
Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed the signs or proceeded anyway. Regardless, it’s a timely reminder that growing an iBuyer business is challenging
Zillow says it's facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow's abrupt pause, say they aren't suffering from the same issues
The publicly traded iBuyer has launched its services in the Columbus metro area, bringing its number of markets to 21
A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory 'fairly conspiratorial,' and iBuyers themselves said they still have a tiny share of the market