Opendoor’s next frontier: Older, pricier homes in LA

The iBuyer will purchase homes costing up to $800,000 in the Los Angeles metro area, which is home to more than 13 million people.

Opendoor’s next frontier: Older, pricier homes in LA

The iBuyer will purchase homes costing up to $800,000 in the Los Angeles metro area, which is home to more than 13 million people.

IBuying can be huge, even if it remains a niche industry tool

Mike DelPrete found that iBuyers’ business models differ from traditional home flippers. He also suggested iBuyers can profit from staying in their lanes.

Do iBuyers make fair market offers?

To fulfill their strategies and build a viable business that makes money, iBuyers will need to operate walled gardens under their control.

WATCH: IBuying disrupted — the Battle of the Behemoths

Blast from the past: Analyst Mike DelPrete explains the seismic shifts shaking up the residential real estate market onstage at Inman Connect Las Vegas 2019.

The Real Word: A drive-by at an Opendoor listed home

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they discuss a house party gone wrong. Over Halloween weekend, there was a party at a vacant home in Arizona listed by Opendoor where five teenagers were injured in a drive-by shooting.

Inman News quiz: Think you’re on top of the week’s biggest stories?

The real estate industry threw some curveballs. Take Inman’s real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.

Airbnb to debut ‘rapid response team’ after fatal shooting

In the wake of a shooting at an Airbnb listing that left five dead, Airbnb has announced new measures designed to improve safety and trust across its short-term rental platform.

SoftBank posts $6.4B loss, CEO ‘regrets’ WeWork investment

The company also reported it lost $4.6 billion in its WeWork stock value after WeWork’s failed initial public offering earlier this year.

Zillow: Our iBuyer offers are nearly the same as traditional offers

A year and a half after Zillow began buying houses with cash, the online real estate giant says that its instant iBuyer offers are nearly the same as what sellers can get on the open market.