Kelman: Redfin should have killed iBuying earlier
Glenn Kelman has at least one regret from a tumultuous 2022: keeping his company’s iBuyer going as long as...
iBuying
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iBuying on the brink: Where does the controversial homebuying model go from here?
iBuying was feared to do to real estate agents what Expedia did to travel agents — render them extinct....
Watch: Where does Opendoor go from here? Breaking down iBuying with Mike DelPrete
Opendoor co-founder Eric Wu stepped down as CEO of the iBuying giant on Thursday, after a year of staggering...
Redfin reports $90M loss, plans to “take share, kick butt”
Hours after announcing that Redfin would lay off hundreds of employees and abandon its iBuying business, CEO Glenn Kelman...
What the hell is happening in residential real estate?
Home is where the heart is. This month, it’s also where the heartbreak is. November has brought a wave...
Redfin shutters iBuying business, cuts 13% of staff
UPDATED, Nov. 9, 2022, 11 a.m.: Redfin is shutting down its iBuying operation and laying off employees as the...
Opendoor posts nearly $1B loss
Opendoor has become a poster child for a housing market slowdown. The San Francisco-based iBuyer reported a net loss of $928 million in the third quarter — more than 17 times what it lost...
Opendoor slashes 18% of staff
Opendoor is slashing nearly a fifth of its workforce. The San Francisco-based iBuyer is laying off approximately 18 percent of its employees, chief executive officer Eric Wu announced in a blog post on Wednesday....
FTC slaps Opendoor with $62M fine for “misleading” sellers
A prominent iBuyer’s marketing tactics opened the door to a big penalty from the Federal Trade Commission. The FTC...
iBuyers backed off in first quarter: report
The iBuyer invasion is now looking more like an incursion. Perhaps even an expeditionary force. Purchases made by an instant buyer, or iBuyer, dropped to 1.3 percent of the total market share of sales...
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