Opendoor CEO: ‘We’re Asking You to Hold Us Accountable’
Opendoor reported Q4 2025 revenue of $736 million, a 33% drop from the previous year, while net loss ballooned to $1.1 billion, nearly ten times the prior period. New CEO Kaz Nejatian, who took over in September, outlined “Opendoor 2.0” and pledged transparency, noting a 46% quarter‑over‑quarter increase in home purchases and a 300% acceleration in acquisition velocity since his arrival. He reaffirmed the goal of achieving adjusted‑EBITDA breakeven and becoming cash‑positive by the end of 2026 without raising additional equity. The earnings beat lifted the stock over 13% in after‑hours trading.
CoStar Confirms Layoffs Following Investor Criticism, AI Push
CoStar Group confirmed a new round of layoffs while unveiling its Homes AI feature, a tool that blends Microsoft Azure models with the company’s property data. The cuts, reported to affect photo, video, and content teams tied to Homes.com, come...
OneKey Chooses BPP for Home Search; HAR Partnership Expands Reach
OneKey MLS, serving over 43,000 members in the NYC and Long Island area, has partnered with Broker Public Portal (BPP) to power home search on OneKeyMLS.com, extending BPP’s Cribio.com consumer portal into a prime market. BPP, which launched Cribio in...
REMAX Names New President; Tech Exec Joins Offerpad Board
REMAX promoted Chris Lim, who joined a year ago as chief growth officer, to president while keeping his growth responsibilities. Lim, formerly president of Christie’s International Real Estate, will now oversee the global network, emphasizing international expansion and affiliate services....
CoStar Rolls Out Homes AI; SkySlope Launches Agent Coaching App
CoStar Group launched Homes AI, a conversational search tool on Homes.com that uses Microsoft Azure AI to let users find listings via voice or text, integrating 3‑D tours, school data and market insights. SkySlope introduced Ayce, an iOS app that...
Lone Wolf Taps New CEO; Fathom Names VP of Growth
Lone Wolf Technologies appointed Matt Fischer, former Bullhorn president and COO, as its new CEO, succeeding Jimmy Kelly who moves to an advisory role. Fischer’s deep product and technology background is expected to accelerate Lone Wolf’s innovation agenda. Fathom Realty...
Agents Want More (and Better) AI Tools — and More Training
A recent Realtors Property Resource survey shows 82% of real‑estate agents are already using AI, mainly for drafting listings, emails and social posts. Most agents report saving at least an hour per week, with a third saving four or more...
The Modern Real Estate Marketplace: A Victim of Its Own Success?
The modern MLS marketplace delivers seamless, nationwide property exposure, driving higher sale prices for sellers. Standardized data rules from RESO have turned the MLS into a single‑pane inventory view accessible via mobile apps. However, some agents pursue “negative differentiation” by...
