Latest news with #BrianBair
Business Wire
06-05-2025
- Business
- Business Wire
Offerpad Enhances Cash Offer Model With HomePro to Drive In-Home Seller Engagement
TEMPE, Ariz.--(BUSINESS WIRE)-- Offerpad (NYSE: OPAD), a leading real estate solutions platform, today announced the launch of HomePro, a product enhancement designed to increase in-home seller engagement and further the company's mission to deliver flexible, customer-first solutions. HomePro strengthens Offerpad's ability to meet sellers earlier in their journey by deploying HomePro Representatives to guide them through their options in the living room. Offerpad's ability to provide a cash offer remains the core of the company's value proposition and the primary reason consumers turn to Offerpad. Through technology like Citrus Value, sellers receive an offer range within minutes. They also have the ability to schedule inspections on their timeline, giving them more control from the beginning of the process. HomePro Representatives meet with sellers in the home to present available solutions and help determine the best fit. In-person engagement is already a proven part of Offerpad's model. Sellers are more likely to move forward when they clearly understand their options, whether that means accepting a cash offer or exploring a listing strategy that allows them to test the open market. HomePro gives Offerpad more opportunities to meet sellers where they are and provide tailored support based on their goals. 'As I shared on our earnings call yesterday, we're creating more opportunities for our agent partners to thrive alongside us,' said Brian Bair, Chairman and CEO of Offerpad. 'From the beginning, we've been committed to working alongside the agent community. As a former top-producing agent, I built Offerpad with that perspective in mind. HomePro expands on that commitment, giving agents more ways to collaborate with us and drive results together.' The company plans to expand the HomePro Representative model in Q2 by partnering with a select brokerage(s). These partners will be trained and certified by Offerpad to act as HomePro Representatives, enabling them to meet with sellers and present both cash and listing options. HomePro representatives help sellers not only with selling, but also with finding their next home, making the entire moving experience easier, more connected, and stress-free with Offerpad by their side. Offerpad will share additional updates in Q2, including the announcement of the brokerage partner(s) participating in the HomePro program. For more information, visit About Offerpad Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that removes the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needs of our clients. Since 2015, we've leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step. Learn more at #OPAD_IR
Business Wire
06-05-2025
- Business
- Business Wire
Offerpad and Auction.com Partner to Transform Real Estate Transactions
BUSINESS WIRE)-- Offerpad (NYSE: OPAD), a leading real estate tech company offering flexible ways to buy and sell homes, and the nation's leading online marketplace, today announced a strategic partnership to transform how homes are bought and sold. By aligning their strengths and capabilities, the companies aim to deliver greater value, speed, and care for buyers, sellers, and communities. As part of the collaboration, Offerpad's Renovate division will become a preferred partner of renovation services for buyers ranging from local community developers to institutions acquiring properties. This service complements marketplace scale with Offerpad's renovation expertise, enabling buyers to more easily transform acquired properties into high-quality, move-in ready homes. Additionally, SmartSale™ platform will extend Offerpad's ability to serve its homeowners' competitive offers through expanded buyer reach. 'This partnership brings together two companies with a shared commitment to improving communities through smart real estate solutions,' said Brian Bair, Chairman and CEO of Offerpad. 'Renovate was built from the ground up to deliver quality work with speed and care, and working with allows us to bring that expertise to more homes and more partners across the country.' Offerpad launched its Renovate business after years of developing in-house expertise through its own home inventory operations. What began as an internal function has evolved into a B2B renovation platform across the country, now serving institutional clients nationwide. In Q1 2025, Offerpad reported a record quarter for Renovate, with over 200 completed projects and $5.3 million in revenue—the highest total since the division's launch. Nearly half of the volume now comes from institutional clients, with top performance in Texas, Georgia, Colorado, Tennessee, and Kansas. 'We're excited to partner with Offerpad to bring together two of the leading real estate marketplaces,' said Ali Haralson, President of 'This partnership strengthens our ability to serve sellers and buyers at scale — from local community developers to institutional investors — while helping neighborhoods thrive." Together, and Offerpad are streamlining the process of transforming properties into move-in ready homes. This gives buyers a trusted path to renovate properties efficiently, offers sellers access to a vast, nationwide buyer base, and helps communities revitalize faster. This collaboration also reflects purpose-driven mission to unlock more efficient, transparent, and inclusive ways for people to buy and sell real estate — including innovations like SmartSale™, which integrates traditional selling paths into its trusted marketplace. About Offerpad Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that remove the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needs of our clients. Since 2015, we've leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step. Learn more at About is the nation's leading online investment property marketplace, with over 533,000 homes sold and $66 billion in transactions. While known for its leadership in foreclosure and REO auctions, also helps sellers bring traditionally listed properties to market through SmartSale™, a platform combining the control of a traditional sale with the transparency and scale of marketplace. With tools like Remote Bid™ and data-driven insights, empowers sellers, expands access to homeownership, and supports local communities. The platform serves homeowners, investors, and community developers dedicated to revitalizing neighborhoods and unlocking real estate value. Learn more at #OPAD_IR
Yahoo
15-04-2025
- Business
- Yahoo
A Look Back at Real Estate Services Stocks' Q4 Earnings: Offerpad (NYSE:OPAD) Vs The Rest Of The Pack
Looking back on real estate services stocks' Q4 earnings, we examine this quarter's best and worst performers, including Offerpad (NYSE:OPAD) and its peers. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 13 real estate services stocks we track reported a satisfactory Q4. As a group, revenues beat analysts' consensus estimates by 5.5% while next quarter's revenue guidance was 1.2% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 18.6% since the latest earnings results. Known for giving homeowners cash offers within 24 hours, Offerpad (NYSE:OPAD) operates a tech-enabled platform specializing in direct home buying and selling solutions. Offerpad reported revenues of $174.3 million, down 27.5% year on year. This print was in line with analysts' expectations, but overall, it was a softer quarter for the company with a significant miss of analysts' adjusted operating income estimates. 'In the fourth quarter, revenue exceeded the midpoint of our guidance, supported by a balanced mix of offerings. This performance was achieved with the support of our Renovate business surpassing $18 million in revenue for the year and our improved advertising efficiencies driven by our Agent Partnership Program growing to nearly a third of our acquisitions,' said Brian Bair, Offerpad's CEO. Offerpad delivered the slowest revenue growth of the whole group. The stock is down 33.6% since reporting and currently trades at $1.44. Read our full report on Offerpad here, it's free. Founded in Toronto, Canada in 2014, The Real Brokerage (NASDAQ:REAX) is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. The Real Brokerage reported revenues of $350.6 million, up 93.4% year on year, outperforming analysts' expectations by 16.8%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. The Real Brokerage delivered the fastest revenue growth among its peers. The stock is down 4.3% since reporting. It currently trades at $4.74. Is now the time to buy The Real Brokerage? Access our full analysis of the earnings results here, it's free. Short for Real Estate Maximums, RE/MAX (NYSE:RMAX) operates a real estate franchise network spanning over 100 countries and territories. RE/MAX reported revenues of $72.47 million, down 5.4% year on year, falling short of analysts' expectations by 2.7%. It was a softer quarter as it posted a significant miss of analysts' adjusted operating income estimates. RE/MAX delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 29.6% since the results and currently trades at $7.12. Read our full analysis of RE/MAX's results here. Founded in 1971, Marcus & Millichap (NYSE:MMI) specializes in commercial real estate investment sales, financing, research, and advisory services. Marcus & Millichap reported revenues of $240.1 million, up 44.4% year on year. This print beat analysts' expectations by 20.2%. It was an incredible quarter as it also recorded a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Marcus & Millichap pulled off the biggest analyst estimates beat among its peers. The stock is down 15.6% since reporting and currently trades at $31.46. Read our full, actionable report on Marcus & Millichap here, it's free. Established in 1906, CBRE (NYSE:CBRE) is one of the largest commercial real estate services firms in the world. CBRE reported revenues of $10.4 billion, up 16.2% year on year. This result surpassed analysts' expectations by 1.2%. Aside from that, it was a satisfactory quarter as it also produced a solid beat of analysts' adjusted operating income estimates but a miss of analysts' Advisory Services revenue estimates. The stock is down 16.1% since reporting and currently trades at $118.11. Read our full, actionable report on CBRE here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. 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Associated Press
18-02-2025
- Business
- Associated Press
Offerpad Announces Participation in the Citizens JMP Technology Conference
TEMPE, Ariz.--(BUSINESS WIRE)--Feb 18, 2025-- Offerpad Solutions Inc. ('Offerpad') (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman and CEO, will participate in a fireside chat at 9:30 pm PT on Monday, March 3, 2025 at the Citizens JMP Technology Conference. The live webcast can be accessed under the 'Events & Presentations' section of Offerpad's Investor Relations website at A webcast replay will be available on Offerpad's website following the event. About Offerpad Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that removes the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needs of our clients. Since 2015, we've leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step. Learn more at SOURCE: Offerpad Copyright Business Wire 2025. PUB: 02/18/2025 07:22 AM/DISC: 02/18/2025 07:22 AM
