Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Opendoor, the top iBuyer, will buy a new home on behalf of customers, charging a 0.02% daily fee after the first 120 days it holds the property. The post Cash offer startup Accept.inc raises 90M in debt and equity appeared first on HousingWire.

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Housing Wire

FEBRUARY 24, 2022

Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Ygal Arounian, managing director of equity research at Wedbush Securities , asked about balancing growth with contribution margin, which means the revenue Opendoor generates for each home subtracted by the costs. The company tallied $8.0

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Housing Wire

NOVEMBER 2, 2023

iBuyers led the way on reshaping the options available to sellers through direct, instant cash offers at scale. Lack of affordability, limited supply and the need to access equity without selling remain major friction points for homebuyers and homeowners alike. In fact, they might have become more challenging in many cases. homeowners.

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RIS Media

FEBRUARY 18, 2022

Speaking on a conference call following the earnings report, Kelman credited iBuying with driving the revenue success, saying that the company has benefitted “because there are fewer iBuyers bidding against us.”. In the report, Redfin highlighted its market share of 1.15% of existing U.S. And we just have a ton of demand,” Kelman emphasized.

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Housing Wire

SEPTEMBER 15, 2020

Last month, the iBuyer resumed operations in all 21 of its markets after pausing in March as a result of COVID-19. iBuying platform Opendoor said it will merge with Social Capital Hedosophia Holdings Corp. to become a public company using the special purchase acquisition company in a deal that values Opendoor at $4.8

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Housing Wire

SEPTEMBER 11, 2020

Palihapitiya’s special purpose acquisition company – better known as “SPAC” – raised $360 million in April and is “discussing raising fresh equity to help fund the transaction with prospective investors,” Bloomberg reported. Like other iBuyers, Opendoor has experienced a choppy 2020. The company, which has raised $1.3 Roughly $8.7

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Housing Wire

MARCH 24, 2021

The equity influx boosts Pacaso’s publicized VC investments to $90 million less than six months after former Zillow CEO Spencer Rascoff co-founded the Los Angeles-based company. Rascoff in October started the company with Austin Allison, the founder of dotloop, which Zillow bought in 2015.

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Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Presented by: 1000watt.

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GeekEstate

NOVEMBER 8, 2021

[Note from editor: We publish a Weekly Transmission for GEM members , a series of long-form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Below is this month’s sample Transmission.]. NOVEMBER MONTHLY TRANSMISSION. BY DREW MEYERS.

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HomeLight

APRIL 29, 2022

Disclaimer: iBuyer company program details can frequently change. If you’re planning to sell your home in 2022, you may be weighing the possibility of working with an iBuyer such as Offerpad and be curious to learn more about this option. In addition to Offerpad, other notable iBuyers include Opendoor and RedfinNow.

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Housing Wire

JUNE 16, 2022

The Scottsdale, Arizona-based company secured $60 million in equity and $55 million in debt financing, according to a Thursday news release from the firm. In 2019, the company expanded to providing title and escrow services to agents and home sellers and matching sellers with iBuyers.

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Housing Wire

MAY 31, 2022

“I would largely chalk up any shelving of plans to go public to the macro backdrop including stock market volatility, recession fears and slowing housing,” said Thomas McJoynt, an equity research analyst at Keefe, Bruyette & Woods who focuses upon real estate and mortgage companies. But no one has really managed to make a big dent.”.

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Redfin

JULY 30, 2021

Should you hire a licensed real estate agent, sell your home without an agent , or work with an iBuyer? However, you may never have thought about an iBuyer before and probably have a variety of questions regarding what iBuyers are and how they work. What is an iBuyer? Chances are you’ve considered the first two options.

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Housing Wire

APRIL 19, 2021

Liebert noted Monday that Gary Keller has established a social equity task force , and he pointed to recent diverse hires including TV Kumaresh (another USAA alum) as KWx’s head of strategy. Some real estate agents inside and outside Keller Williams said that the moves were uninspired and noted those advancing were all white men.

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Housing Wire

SEPTEMBER 2, 2021

The round includes $100 million of Series D equity and $263 million in debt financing – boosting HomeLight’s valuation to the tune of $1.6 HomeLight’s tech lives amid the iBuyer realm with the likes of other heavy hitters Zillow and Opendoor. Lydia Jett of the SoftBank Vision Fund also participated.

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Housing Wire

MARCH 15, 2022

The capital raise refers to the company announcing it has secured $70 million in equity and $150 million in new debt to “power its payment platform that helps customers finance their dream homes,” according to a news release. This is why today’s announcement weighs heavily on us and me, in particular.”.

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Miller Samuel INC

NOVEMBER 7, 2021

The Zestimate legacy of profound inaccuracy finally reached a devastating conclusion with the collapse of Zillow Offers this week and the loss of hundreds of millions in shareholder equity. There is a lot of talk right now about how other iBuyers are continuing to buy and sell properties so the space is still viable - business as usual.

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Housing Wire

MAY 27, 2022

Making sure everyone is included spans from our diversity, equity & inclusion commitments to our product development where we create greater opportunities for our clients. Her advice helped me broaden my awareness to look out for opportunities to bring people together and that trait remains one of the aspects of my success today.

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Housing Wire

DECEMBER 30, 2020

EasyKnock said that this service enables the homeowner to leverage their equity as payment, so they are living without the out-of-pocket expenses during their transition period. With this initiative, homeowners can sell their home and remain living there rental payment-free until they find their new abode.

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Housing Wire

MARCH 28, 2022

And now, we’ve seen most of these early digital innovators, plus new startups and more traditional players, like Keller Williams (through Keller Offers ), broaden their scope with technology to become early iBuyer leaders. iBuyers are property companies that do the buying and selling of a home digitally. alone is worth about $40T.

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Housing Wire

NOVEMBER 15, 2021

Washington Mutual felt increasingly comfortable using data points about a single-family home – when the property was built, its location, available purchase price history – as fuel powering a valuation model to extend someone a home equity line of credit. Both are scaling up rapidly. Opendoor posted a 91% revenue increase to $2.3

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HomeLight

APRIL 18, 2024

iBuyer services iBuyers (instant buyers) offer to buy homes for cash — saving you the hassle of minor repairs, decluttering, and keeping your house clean for showings. Zillow used to have an iBuyer service, Zillow Offers, but they closed it in 2021. Trulia doesn’t have an iBuyer service, either. How are they the same?

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RIS Media

JANUARY 13, 2022

11, that it has agreed to acquire Bay Equity Home Loans, a national, full-service mortgage lender, in a cash and stock transaction worth $135 million. There are no plans to reduce Bay Equity staff, according to Redfin. Redfin said that Bay Equity’s footprint makes it more efficient at producing and selling loans to investors.

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Housing Wire

JULY 22, 2021

“Phoenix is a haven for iBuyers but also for flat-fee companies.” ” Equity Real Estate is No. Homesmart’s owned company is still No. 1 in Denver by sides, and “it remains No. 1 in Arizona, with significant franchise growth around the country,” says Wright. 1 in Salt Lake City.

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HomeLight

JUNE 28, 2023

You can also find other cash buyers in Connecticut, such as house flippers, iBuyers, and investors, who will buy a house for cash. While historically offering more than flippers, iBuyers typically charge sellers a fee between 5% to 6%. The company has 4.6 stars on Google based on more than 500 user reviews.

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GeekEstate

JUNE 7, 2022

But without a monopoly, you can’t build houses (think home equity) and eventually you’ll end up paying the other players – the landlords – every dollar you’ve got. If Monopoly was the game of life, rent would be home equity. Why even sit down to play? In Monopoly, it’s impossible to win without collecting rents.

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Real Trends

JANUARY 2, 2023

Encourage your buyers to take their time in 2023 to find the home that is right for them, because of the lack of equity growth to come, today’s buyers should be looking for a long-term home. . iBuyers are still purchasing at some price points, but they are not as aggressive as they were before.

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Inman

MAY 3, 2023

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next.

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Inman

MAY 3, 2023

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next.

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Real Trends

MAY 19, 2023

billion of equity capital over the past five years. .” Prior to joining Zillow, Hofmann spent nearly a decade in financial services, primarily at Goldman Sachs where he served as a vice president in investment banking, closing more than $40 billion in transactions. He also initiated a $1.8

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Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Let’s not forget the iBuyers, such as Offerpad and Opendoor. In January I received a text message from Dave Savage, CEO of Mortgage Coach.

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Broke Agent Media

APRIL 26, 2023

Shay Stein Las Vegas Redfin real estate agent While a fair number of large real estate investors are sitting tight with their properties, iBuyers are bucking that trend, eager to offload inventory. The appraisal also came in at $680,000, so the buyers walked away with $70,000 in equity.

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HomeLight

JULY 12, 2022

While they are sometimes comprised of small, local online buyers or investors, the companies reshaping the home sale landscape are larger investor groups and iBuyers (instant buyers), which tend to be corporations funded by large capital groups. Selling to an investor group or iBuyer isn’t attractive to everyone. home sales.

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Housing Wire

DECEMBER 8, 2021

As I have recently noted in a previous article, while everyone focused on iBuyers , who don’t even make up 1% of total home sales, the MBA purchase application data has had a nice run for the last 13 weeks. The year-over-year data has shown double-digit better trends while still being negative year over year.

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Redfin

JULY 30, 2021

There are numerous reasons why you may be thinking about selling your home, whether it’s because you’re moving to a new city, downsizing to a condo, or wanting to tap into your home’s equity. Short for instant buyer, an iBuyer is a real estate company that buys your home directly. As with any home sale, there’s a risk of fraud.

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Notorious ROB

MARCH 16, 2022

What I do want to point out, and I suppose give away the takeaway from a longer analysis post, is that Knock still raised $220 million in new funding, with $70 million of that in equity and $150 million in debt. In this insane market. Dude, that’s not Knock getting knocked out.

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Housing Wire

FEBRUARY 14, 2022

The employee model helps Redfin control its end-to-end process,” said Ygal Arounian, managing director of equity research at Wedbush Securities , and an analyst of Redfin. But, whether Redfin agents feel like taskmasters or not, they are doing more deals. So, it would seem, is the company. Redfin pulled $1.3 Redfin pulled $1.3

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