iBuying


The Latest

Opendoor CEO Eric Wu and Chamath Palihapitiya (Getty)

Opendoor valuation soars to $18B ahead of IPO

Even before Opendoor’s official stock market debut on Dec. 21, the iBuyer’s valuation soared to nearly $18 billion as...

Opendoor valuation soars to $18B ahead of IPO
Zillow CEO Rich Barton (Getty)

Zillow profits soar to $40M during third quarter

Zillow’s profits soared during the third quarter as iBuying deals dried up. The Seattle-based real estate giant reported $40...

Zillow profits soar to $40M during third quarter
Zillow's Rich Barton (iStock)

Zillow cuts 80 jobs from iBuying biz

Zillow has cut 80 jobs from its home buying and selling business, despite its big bet on the burgeoning sector. The real estate giant doesn’t disclose how many of its 5,300 employees work for...

Zillow cuts 80 jobs from iBuying biz
Opendoor CEO Kevin Wu, Daniel Morillo and Ken Griffin (Getty; Opendoor; LinkedIn)

Opendoor hires CIO from Ken Griffin’s Citadel

As it prepares to go public, Opendoor is bringing on a new hire from Citadel, Ken Griffin’s $32 billion...

Opendoor hires CIO from Ken Griffin’s Citadel
Eric Wu (Photo by Aaron Wojack)
Issue

This man wants to make your home a commodity

In Opendoor’s early days, employees knew what they were up against. And if they didn’t, Spencer Rascoff spelled it...

This man wants to make your home a commodity
Can iBuying go the distance?
Issue

Can iBuying go the distance?

When George Schneider decided to sell his home this spring, Opendoor made him an offer he couldn’t refuse. Schneider had paid $76,750 for his three-bedroom stucco house in the Phoenix suburbs a decade earlier....

Can iBuying go the distance?
Zillow's Rich Barton (iStock)
New York

Zillow launches brokerage to boost iBuying

For years, Zillow denied it had plans to become a brokerage. But the listings giant is doing just that, in a move it says will streamline its iBuying operation. Starting in January 2021, the...

Zillow launches brokerage to boost iBuying
Opendoor founder Keith Rabois, Opendoor CEO Eric Wu, and Social Capital CEO Chamath Palihapitiya (Getty; iStock; Resolute Ventures)

Opendoor is ready to go public. Is its balance sheet?

Five months ago, iBuying startup Opendoor was in survival mode: It paused home buying, laid off 35 percent of...

Opendoor is ready to go public. Is its balance sheet?
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