Offerpad turns in a $41M profit in the first quarter

May 4, 2022 |

Slow and steady might win the iBuying race. Offerpad may lack the brand recognition and investor money possessed by home-flipping incumbent Opendoor, failed iBuyer Zillow, or of ramping-up iBuyer Redfin. Still, it is the only one of these outfits to ever turn a quarterly profit from its iBuying division. The Chandler, Arizona-based business reported $41 million in net income for the first three months […more]

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