After turning its first profit as a company during the first quarter of 2022, Opendoor recorded a net loss of $54 million during the second quarter. But its partnership with Zillow has people talking.
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eXp World Holdings recently appointed Patrick O’Neill as chief operating officer of eXp Realty. O’Neill was recently CTO of Xome.
Zillow executives said the bombshell partnership with Opendoor is just one part of Zillow’s strategy to become a one-stop-shop for homebuyers and sellers.
Zillow, which famously flamed out of iBuying after losing its shirt, has entered a partnership with former arch-rival Opendoor that could radically alter the trajectory of both companies and change how homes are sold in America.
Redfin found that between 2016 to 2020, the 50 counties with the largest percentage of homes facing high fire and flood risk saw their populations grow an average of 3% and 1.9%, respectively.
We should not gloat about the failures of our competitors, such as OpenDoor’s FTC fine. Instead, we should be preparing for possible changes to the way agents get paid.
Redfin director of real estate operations Joe Rath has been named Director of Industry Relations
At the end of the second quarter, Offerpad owned 3,561 homes, and the iBuyer told investors that it expects its stock of homes to increase in the second half of the year.
Allen Tate Realtors, in partnership with Howard Hanna Real Estate Services, has acquired Asheville, N.C.-based independent brokerage Beverly-Hanks Realtors.