Matterport finishes first day of trading slightly down

The 3D imaging company’s shares debuted Friday at about $14.42 and ended the day around $14.20. The firm went public via a merger with a special acquisition company. Imaging company Matterport had a bumpy ride during its first day trading shares on the stock market, but by Friday evening prices ultimately settled slightly lower than … Read more

‘This is the silver bullet to win a bidding war’

By now, every agent in the industry that is doing any business has been in a situation with multiple bids. Buyer’s agents in particular have their work cut out for them, coaching their clients and creating competitive offers. However, the buyer’s agents at William Raveis Real Estate are uniquely positioned to win more and more … Read more

Inman Review: Can iBuyers get you leads? They can with Zoodealio

Zoodealio’s features and offer comparison tools make every agent an iBuyer in the name of getting more listing business. Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. Zoodealio is a seller lead generation solution. Platforms: Web, mobile responsiveIdeal for: Listing agents, teams, brokers Top … Read more

3D tour giant Matterport makes its stock market debut

The company will begin selling shares via a SPAC merger at a moment when interest in 3D tours is surging — and when more competitors are inching onto Matterport’s turf. After months of waiting, 3D tour company Matterport is set to make its public debut on the stock market this morning, marking the latest example … Read more

Toronto iBuyer raises $44M with help from Spencer Rascoff, Eric Wu

Properly is a tech-based real estate brokerage in Canada with a model similar to U.S. iBuyers like Opendoor and Zillow Offers. The tech-based Toronto startup, Properly, has raised $44 million in a Series B funding round, the company announced on Wednesday.  The round was led by Bain Capital Ventures with participants including the co-founder and … Read more

Offerpad goes live in Indiana as part of Midwest expansion

The iBuyer has started buying and selling homes in the Indianapolis area as it eyes new markets in Kansas City, St. Louis and Columbus, Ohio. Offerpad is now offering instant cash offers on homes in the greater Indianapolis area as a first step in the company’s plans to expand into the American Midwest. In addition … Read more

Zavvie teams up with major indie Midwest brokerage

Zavvie, a real estate startup and iBuyer platform, announced Monday that it has teamed up with Midwest indie Sibcy Cline Realtors on a brokerage-branded tool that will compare various selling options for sellers. The brokerage is calling the tool Sibcy Solutions, and according to a statement it will let sellers compare “an instant cash offer … Read more

Offerpad is now a mortgage broker

Offerpad has shuttered a joint venture it formed in 2017 with loanDepot and is now operating as a licensed mortgage broker in Alabama, Arizona and Colorado. Offerpad, a pioneering iBuyer that expanded its services last year to include a “Flex” listing service provided by in-house real estate agents, is now in the mortgage brokerage business. … Read more

IBuyer transactions return to near pre-pandemic levels

IBuyer purchases by Redfin, Zillow Offers, Opendoor, Offerpad and Bungalo rose 20 percent in the first quarter of 2021 but remained down year over year, according to new data. Home purchases based on instant cash offers picked back up in the first quarter of 2021, representing a step forward for a budding segment of the … Read more

Millennials, baby boomers upbeat about current housing market

Most Americans are currently upbeat about selling a home in today’s market, according to a new survey, though only a minority of consumers think the market will actually remain strong for a year or more. The survey comes from iBuying behemoth Opendoor and was published in a report Wednesday. It shows that a total of … Read more

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