iBuying


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Redfin's Glenn Kelman (Redfin, Getty)

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...

Kelman: Redfin should have killed iBuying earlier
Redfin CEO Glenn Kelman (Photo Illustration by Steven Dilakian for The Real Deal with Getty)

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...

Redfin shutters iBuying business, cuts 13% of staff
Opendoor CEO Eric Wu (Illustration by The Real Deal with Getty)

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 posts nearly $1B loss
Opendoor's Eric Wu (Photo Illustration by The Real Deal with Getty Images, Opendoor)

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....

Opendoor slashes 18% of staff
Offerpad's Brian Bair and Opendoor's Eric Wu (LinkedIn, Twitter, iStock)

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...

iBuyers backed off in first quarter: report
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