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...
iBuying
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National
America doesn’t yet have a new president. But Opendoor does
Opendoor is shaking up its C-suite — again — ahead of its closely-watched IPO. On the heels of naming...
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...
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...
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...
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....
National
Drawing agent ire, Zillow bets on brokerage to deliver profits
At the risk of alienating agents, Zillow is also banking on them to reach an elusive goal: profitability for...
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...
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...
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...