iBuying


The Latest

From left: Redfin's Glenn Kelman, Opendoor's Eric Wu, FTX's Sam Bankman-Fried, and Douglas Elliman's Howard Lorber (Getty)
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...

What the hell is happening in residential real estate?
Redfin CEO Glenn Kelman (Photo Illustration by Steven Dilakian for The Real Deal with Getty)
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...

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

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

Opendoor slashes 18% of staff
Zillow's Rich Barton and Opendoor's Eric Wu (Zillow Group, LinikedIn, Getty)

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...

After iBuying debacle, Zillow partners with Opendoor
Offerpad's Brian Bair and Opendoor's Eric Wu (LinkedIn, Twitter, iStock)
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...

iBuyers backed off in first quarter: report
Roofstock's Gary Beasley (iStock, Illustration by Kevin Cifuentes for The Real Deal)
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...

Inside Roofstock’s grand plan for single-family rentals

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...