National
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...
iBuying
The Latest
National
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...
National
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...
National
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...
National
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....
After iBuying debacle, Zillow partners with Opendoor
Zillow and Opendoor were once competitors in the iBuying space. Now they’re teaming up. The companies said Thursday they’ve...
National
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...
National
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...
Tri-State
Opendoor hits NY, NJ. Can the iBuyer price East Coast homes?
Opendoor is bringing its iBuying operation to Long Island, the lower Hudson Valley and New Jersey after expanding to...
National Issue
Inside Roofstock’s grand plan for single-family rentals
Little boxes on the hillside Little boxes made of ticky tacky Little boxes on the hillside Little boxes all...