IBuyer purchases by Redfin, Zillow Offers, Opendoor, Offerpad and Bungalo rose 20% in the first quarter of 2021, but remained down year over year, according to new data
In the second half of the year, the iBuyer will launch its services in Columbus, Ohio; Kansas City and St. Louis, Missouri; and Columbia, South Carolina
Seattle based-company operates brokerage, mortgage and closing subsidiaries involved in $2.6B in home sales
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
Ahead of Inman Connect next week, Knock CEO Sean Black dished on the tech trends he expects to accelerate this year
The iBuyer's revenues were down year over year, but up compared to the end of 2020. The company is also nearing completion of a merger that will allow it to begin publicly selling shares
Teams are less and less constrained by geography thanks to powerful new upstart companies, even as control of real estate technology becomes more centralized
Over the last half decade, the instant cash offer startup upended the industry in no small part due to the people who work there
The business model is undoubtedly here to stay, but not without its recovery challenges
The former Zillow CEO touched on iBuying, real estate companies going public and 'global asset inflation' during a discussion at Connect Now
This is the third special purpose acquisition company that Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched this year
Holding an open house has always been a bit risky and has become even more so during the pandemic. To safely continue the practice, agents should keep these factors in mind
Opinion
Right now, the housing market has a slew of uninvited guests in one of the worst housing shortages in the history of America
Offerpad has chosen Indianapolis as its first Midwestern market. The iBuyer's full suite of services will be available this summer
To help alleviate the stress of selling, Offerpad will now give sellers the option of remaining in a home up to 60 days after closing escrow