Lumber prices finally drop and the stockpilers prepare to sell
After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down
by Lillian Dickerson Jun 15
Opendoor bounces back in first quarter after pandemic-driven downturn
The beginning of 2021 was better for the iBuyer than the end of 2020, though it still has a ways to go before reaching its pre-pandemic levels
by Jim Dalrymple II May 11
Redfin reports $268M in revenue in first quarter, 40% jump over same period last year
CEO Glenn Kelman said Wednesday that the company is 'just about hitting on all cylinders' after hiring more agents and lenders
by Jim Dalrymple II May 5
Zillow has most profitable quarter ever — again
The online giant brought in $1.2B in revenue during the first 3 months of 2021 and made $52M in profit. The company also saw unique monthly web users jump 15 percent year-over-year
by Jim Dalrymple II May 4
Spencer Rascoff: iBuyers not to blame for supply shortage
The former Zillow CEO touched on iBuying, real estate companies going public and 'global asset inflation' during a discussion at Connect Now
by Jim Dalrymple II Apr 20
Bernie Madoff, ponzi schemer and real estate collector, has died
Madoff stole billions from investors and used some of the money to buy penthouses and mansions on multiple continents. Here's a look at his one-time real estate portfolio
by Jim Dalrymple II Apr 14
Compass stock closes at $20.15 per share on first day on the market
The brokerage saw its stock pop as high as $22 before closing at $20.15, an 11.9% jump from the public offering price
by Marian McPherson Apr 1
Compass cuts IPO price range to $18-$19 per share from $23-$26
In advance of tomorrow's long-awaited IPO, the brokerage also slashed the number of shares it expects to sell to 25 million from its initial goal of 36 million
by Marian McPherson Mar 31
Is Wall Street taking over real estate?
Opinion
Of the 10 largest real estate firms, eight are now publicly traded. These companies represent 575,000 agents, almost 45% of all Realtors
by Brad Inman Mar 9
Realogy upsizes capital raise due to high level of interest
The company was seeking to raise $400M but will instead raise $600M due to high demand and the rate the company secured
by Patrick Kearns Jan 7
Home improvement marketplace Porch makes stock market debut
Porch has evolved into an enterprise software company as well as a consumer-facing marketplace. The firm is the latest to use a merger with a blank check company to go public
by Jim Dalrymple II Dec 24
Opendoor makes public debut today
Following the official merger with Social Capital Hedosophia Holdings Corp. II, the well-funded iBuyer begins publicly trading as OPEN on the Nasdaq exchange Monday
by Patrick Kearns Dec 21
Airbnb valuation soars after wildly successful debut as public company
The travel company's share price shot up to more than $168 at one point after an initial price of $68 per share on Thursday, the company's first day on the Nasdaq
by Jim Dalrymple II Dec 10
Airbnb may actually be undervalued ahead of IPO: Study
A new analysis by consumer analytics company ValueChampion found that the pandemic has actually helped Airbnb achieve greater dominance over the travel booking industry
by Jim Dalrymple II Dec 2
Airbnb files for IPO, reveals soaring losses in early 2020
The short-term rental platform lost nearly $1 billion during the first half of 2020. But a rebound in travel actually allowed it to turn a profit in the third quarter
by Jim Dalrymple II Nov 16