Flyhomes lands $150M to bring end-to-end homebuying to more markets

Flyhomes says it’s helped close $2.6 billion in home sales to date, with sales prices ranging from $150,000 to $5 million. The company provides end-to-end homebuying services through brokerage, mortgage and closing subsidiaries. Flyhomes, a pioneer of the end-to-end homebuyer model, has landed $150 million in funding that it says will allow it to meet … Read more

Offerpad is a more profitable flavor of iBuying: Mike DelPrete

The Offerpad story presents the clearest signal yet that iBuying can become profitable. Its latest first quarter 2021 numbers show a business only losing $230 per home bought and sold — a breathtaking achievement compared to losses of tens of thousands of dollars per home at Opendoor and Zillow. All up, on a GAAP basis, … Read more

Knock CEO Sean Black sees a ‘transaction revolution’ on horizon

The Inman community will gather virtually for Connect, June 15-17. It’s a powerhouse lineup of speakers, and our focus is on the New Normal: what business looks like on the other side of the pandemic. Let this conversation with one of our June Connect speakers serve as an appetizer, and don’t forget to grab your … Read more

Offerpad sees dip in revenue as it preps for public debut

The iBuyer’s revenues were down year over year, but up compared to the end of 2020. The company is also nearing completion of a merger that will allow it to begin publicly selling shares. On the eve of its debut as a publicly traded company, iBuyer Offerpad reported earnings this month that show its revenue … Read more

The New Normal: What if the brokerage of the future isn’t a brokerage at all?

This is the first installment in “The New Normal,” a multistory Inman series exploring what’s returning to normal in the real estate industry after the pandemic fades and what will never be the same. Check back tomorrow for the second installment.  Early last month, The Lahey Group jumped from RE/MAX to eXp Realty. The Washington, … Read more

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