Disruption in real estate
Opendoor elevates the online experience of buying or selling a home.
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The quarantine economy is hitting iBuyers hard as Inman reported today that real estate disruptor Opendoor has laid off 35 percent of its staff, approximately 600 employees, citing COVID-19’s unforeseen impact on the U.S. economy and housing. “Given the shelter-in-place guidelines, we’ve seen declines in the number of people buying, selling, and moving during this…
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There could be rough waters ahead for the flat-fee, UK-based brokerage disruptor Purplebricks, which is now in four U.S. states: California, Arizona, Florida, and New York. I had heard they were planning to come to Dallas and Texas also — maybe not so after this news. Purplebricks is NOT an iBuyer. It is more akin…
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