In a move that could put thousands of realtors out of business, Opendoor CEO Eric Wu said he hopes to offer his service for free. Speaking at Techonomy 2018, Wu charted a roadmap that includes driving down real estate commissions, doubling Opendoor’s market share every year, perfecting a “self-service” experience for buyers and sellers, and potentially providing its technology to homes “outside its network.” More
Tag Index / Showing 1 - 3 of 3 results for “real estate”
A Tech Tsunami is (finally) Transforming Real Estate
The sheer scale of the American real estate industry helps explain why so many tech innovators want to overhaul the business. (From the latest Techonomy Magazine) More
Rock-Bottom Real Estate Creates Opportunity in Detroit
Jerry Paffendorf and Dan Gilbert have radically different visions of urban renewal, but both seek to leverage the depressed Detroit real-estate market to spur entrepreneurship and opportunity. Paffendorf, a refugee from the Silicon Valley startup scene, created a website called "Why Don't We Own This?" which offers prospective buyers an information-rich online map of auction property. The idea behind the site is to encourage innovators to buy and renovate inexpensive properties to use for creative or entrepreneurial endeavors. More
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