Lunch & Learn: The State of Housing

As housing supply dwindles, affordability concerns grow while competition heats up the market. This Lunch & Learn will examine the current state of housing, featuring experts who have an eye on the market.

HousingWire Annual Virtual Summit

Join us on October 25 for a chance to see a handpicked selection of sessions from HousingWire Annual along with technology demos from the most innovative tech companies! Register now for FREE to experience HW Annual just like you were there.

How credit scores impact lenders’ pipelines in a purchase market

When a lender works with a borrower to improve their credit score, they are able to offer the most competitive rate and terms. Learn more here!

Volly’s Grant Moon on challenges facing veterans

In this episode of HousingNews, we are joined by Grant Moon who discusses the difficulties veterans face during the home-buying process and misconceptions about VA loans.

BrokerageReal EstateIPO / M&A

iBuyer Offerpad claims profitability, pre-IPO

Ibuyer states it earned $9 million in second quarter ahead of merger with Spencer Rascoff-lead SPAC

HW-offerpad
Offerpad CEO Brian Bair

Humans have yet to colonize Mars, but we apparently have created a profitable instant homebuying company.

Offerpad, the six-year-old, Chandler, Arizona-based company, which has plans to go public later this year, reported $9.2 million in net income for the second quarter of 2021 after losing $16.6 million in the second quarter of last year. The company also reported $379 million in revenue for the second quarter, a 32% year-over-year jump.

Offerpad’s core business is exactly that of eight-year-old Opendoor. Buy a home for cash, charge a 5% service fee, resell the home.

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