BrokerPulse

RealTrends Q4 2021 BrokerPulse: Office consolidation, boosting agent productivity and core services capture rates continue…

2021 Website Rankings Now Live!

RealTrends website rankings highlights the top real estate websites across the country in 6 total categories for our annual brokerage website rankings.

Real estate teams vs brokerages

Steve Murray and Tracey Velt discuss the profitability of real estate teams vs brokerages, based on the results of the 2021 RealTrends Team Profitability Study.

Study: It’s true, real estate teams outperform brokerage firms

Surveyed real estate team gross margins were an average of 61.8% compared to an average of 13.8% for real estate brokerage firms.

Opendoor Plan Nationwide Expansion by 2020

Opendoor raises $325 million and plans nationwide expansion. Direct homebuyer plots expansion into 50 markets by 2020

Opendoor, an online marketplace that buys homes directly from homeowners, announced Wednesday that it secured $325 million in new funding and is planning a nationwide expansion of its homebuying platform.

Opendoor buys homes directly from sellers, makes the necessary repairs and improvements, then turns around and sell the houses on its own marketplace.

Opendoor’s $325 million Series E funding round comes just 18 months after the company raised $210 million in its Series D round of funding.

READ: Can Opendoor Continue To Dominate The IBuyer Market With Impeding Competition?

Since then, the company expanded into new markets and launched a foray into mortgages as well.

Opendoor first began buying and selling houses in Phoenix and Dallas-Fort Worth in 2014, and is now operating in 10 markets, including Atlanta, Charlotte, Dallas-Fort Worth, Las Vegas, Nashville, Orlando, Phoenix, Raleigh-Durham, Tampa, and San Antonio.

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Most Popular Articles

RE/MAX redoes books after outside audit

RE/MAX has preliminarily announced a $25.1 million loss for the third quarter as the venerable and distinctive real estate company juggles expansion and redoing prior financial disclosures.  

Nov 23, 2021 By