Opinion
Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed the signs or proceeded anyway. Regardless, it’s a timely reminder that growing an iBuyer business is challenging
Compass' growth over the past 3 years has been remarkable. It is one of the fastest growing real estate brokerages of all time — yet its stock price continues to decline
Real estate tech companies are going after mortgage, but now mortgage is going after real estate
IBuyers are closer than ever to profitability. But the overwhelming majority of profits are coming from record home price appreciation, which won't last and is on the decline
Opinion
The lead may have slipped, but the truth is that both companies are extracting more revenue from agents than ever before
The hot real estate market has fueled strong growth across the industry. Compass' growth is noteworthy, and it demonstrates that though the industry moves slowly, some players move faster than others
Home prices are record high, and iBuyers are paying above market values for the houses they buy, but they're also reselling them for more than ever before
Driven by high purchase and sale volumes and the rise in home values, iBuyers will have blowout quarters with record revenues
For any company attempting to generate profits from adjacent services, and there are a lot, mortgage remains hard. It is no panacea for profitability
Many companies are responding to today's shift in consumer demand by launching their own instant-offer, cash-offer and trade-in programs
Opinion
Compass stock is worth less today than it was in 2019, meaning agents who invested into the agent equity program since then have lost money on their investment
Billion-dollar disruptors are coming to the Northeast market, featuring new models like instant offers, cash offers and buy-before-you-sell programs. Are agents and brokers ready?
Offerpad's latest financials strongly suggest that a less venture-funded, less tech-enabled, more real estate-focused, and less breakneck version of iBuying can be (almost) profitable
Opinion
Zillow's experience shows that adding ancillary services is a long, slow road that requires big investment, patience, and a smart, consumer-first approach
Despite all of the activity of the major portals, the monetization ratio has remained constant
The various pieces of adjacent services are being built, but they still need to be assembled in a credible way that reinvents the transaction at a meaningful scale
Opinion
Attempting to directly compete with market-leading real estate portals is an incredibly difficult proposition — with success unlikely
The business model is undoubtedly here to stay, but not without its recovery challenges
Opinion
A deeper look at their rapid rise reveals a trio of insightful growth stories — which may very well shape the future of America’s real estate landscape
Opinion
Customer acquisition costs for major iBuyers is roughly similar at $3,000-$4,000, which is about 2-4X more than Redfin
