iBuying


The Latest

Zillow CEO Rich Barton (Getty)
National

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)
National

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)
National

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)
National 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?
National 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)

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)
National

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?
Eric Wu (left) and Chamath Palihapitiya (Getty, iStock)
National

Opendoor confirms $4.8 billion IPO

UPDATED: Sept. 15, 5:10 p.m.: iBuying startup Opendoor made its IPO plans official Tuesday, confirming a $4.8 billion deal with a blank-check company. The company’s merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings II...

Opendoor confirms $4.8 billion IPO

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