The company is returning to Phoenix on May 4 and Raleigh-Durham on May 11 with 2 new platforms while updating its self-touring app for buyers
Opinion
The president of a 200-agent boutique brokerage in Atlanta developed a solution for helping agents educate clients on the rise of iBuyers
The company's RealSure program is suspending all-cash offers at this time
In an investors call, Rich Barton laid out plans to cut 25% of quarterly expenses by pausing hiring, cutting marketing, halting homebuying and reducing discretionary spending
Following in the footsteps of Redfin, Zillow and Opendoor, Offerpad has temporarily stopped making offers on homes due to safety concerns, effectively putting an end to the purchasing side of nearly all iBuyers nationwide for the foreseeable future
A spokesperson for the iBuyer said the company's priority is 'the safety and well-being of our customers, employees and the general public'
RedfinNow, the direct-to-consumer homebuying and selling platform, will not be buying homes for the near future, CEO Glenn Kelman confirmed in a letter to shareholders
DealHouse founder Chris Chiarenza waives buy-side commissions, gives listings back to referral agents and wants agents and iBuyers to cohabitate
A change in Federal Deposit Insurance Corporation regulations will make it easier for iBuyers to enter markets in the North and South, according to home-value data platform Ownerly
Red Barn Real Estate CEO developed a web app for accumulating and comparing iBuyers, cash investors and open market transactions
Offerpad, Zillow and Opendoor are turning the screws on startups that offer price comparisons and claim to help consumers secure the best offer
A few readers in markets where iBuyers have matured described noticeable impacts that could offer a glimpse of what may be in store for many other agents
Opinion
My attempt to coin some terminology, add structure and provide clarity to the plethora of new real estate businesses
Drew Uher, CEO of agent matching company HomeLight, suggests 5 must-have 'apps' agents should offer consumers in their 'app store'
The new Cash Close product is meant to make consumers more nimble and competitive and is the latest turn in HomeLight's evolution as a transaction streamlining company