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Offerpad Expands To 4 Markets In Midwest, Southeast


IBuyer and listing solutions company Offerpad announced on Tuesday the expansion of its digital platform and Real Estate Solutions Center into four new markets across the Midwest and Southeast. Over the course of the third and fourth quarters of 2021, Offerpad will launch its services in Columbus, Ohio; Kansas City and St. Louis, Missouri; and Columbia, South Carolina.
The expansion into the four new markets will add over 450 additional cities and towns to Offerpad’s scope of operations.
The news comes on the heels of Offerpad’s expansion into Nashville and Denver back in March. The company also noted it’s on track to launch services in Indianapolis in July. ....

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Offerpad Sees Dip In Revenue As It Preps For Public Debut


Inman Connect
On the eve of its debut as a publicly traded company, iBuyer Offerpad reported earnings this month that show its revenue dipped year over year in the first quarter of 2021, but jumped significantly compared to the end of 2020.
The report shows that over the first three months of 2021 the iBuyer brought in $284 million in revenue. That’s down compared to the first quarter of 2020 which was mostly before the coronavirus pandemic hit the U.S. when the company earned more than $367 million in revenue. However, revenue during the first quarter of 2021 was up 27.2 percent compared to the final three months of 2020. ....

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