The portal and online brokerage saw revenue fall 25% year over year during the fourth quarter of 2022, and lost a total of $61.9M, according to an earnings call Thursday afternoon
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors' appetite for shares fall significantly
Layoffs come a week after the shutdown of RealSure, Home Partners' iBuyer joint venture with real estate franchising giant Anywhere, and include Pathlight Property Management
The campaign dubbed 'This is a Door' pays tribute to the unexpected possibilities that go along with turning a new chapter in life, such as weddings, having babies and adopting new pets
A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching
The company has slashed its workforce by 11% since last June, according to US Securities and Exchange Commission filings. The moves come following months of housing market declines
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
Opinion
This week, Byron Lazine and Nicole White discuss Opendoor's existential crisis, MV Realty's alleged deceptive practices, and Left, Middle, Right
Windermere Offers will allow people working with the brokerage's agents to compare various options for selling their homes
The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market
Offerpad's stock slipped below $1 per share in late October, positioning the iBuyer to be delisted from the New York Stock Exchange, which could make it more difficult to buy and sell shares
The iBuyer has launched a new marketplace to connect homebuyers and sellers. The move comes as the housing market continues to slow and as iBuyers face gathering headwinds
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws