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About OfferPad

Offerpad (NYSE: OPAD) is a tech-enabled real estate company. Offerpad provides a platform that streamlines the process of real estate investment for consumers, making the process convenient and hassle-free.

OfferPad Headquarter Location

2150 E Germann Rd Suite 1

Chandler, Arizona, 85286,

United States


Latest OfferPad News

As Wall Street slides, major real estate players go with it

Jan 24, 2022

As Wall Street slides, major real estate players go with it As Wall Street slides, major real estate players go with it Shares in major publicly traded real estate companies — including Compass, Opendoor, Offerpad and Zillow — continued to drop on Monday as investors reacted to rising interest rates NEW YORK, NEW YORK – MARCH 09: Stock trader Peter Tuchman works on the floor of the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. As global fears from the coronavirus continue to escalate, trading was halted for 15 minutes after the opening bell as stocks fell 7 percent. (Photo by Spencer Platt/Getty Images) From: Inman Connect Wall Street continued its month-long slide into correction territory on Monday, with shares for the country’s largest real estate brands following suit. Shares for some of the biggest publicly traded real estate companies were all deep in the red during early trading hours to start the week. The drop continued a bad month not just for the publicly traded real estate companies but for the broader market in general, and analysts point to rising interest rates as a major reason for one of the worst months in recent memory. As of last week, a number of major indices had suffered their worst monthly performance since the Great Recession, according to analysts at Charles Schwab. While the major indices were all down by midday Monday, stocks for some of the major real estate brands led the way to continue an abysmal start to 2022. Compass (COMP): –9.18 percent (23.56 percent decline year-to-date) Realogy (RLGY): –2.53 percent (9.34 percent decline year-to-date) Offerpad (OPAD): –11.33 percent (53.41 percent decline year-to-date) Redfin (RDFN): –10.86 percent (34.23 percent decline year-to-date) Zillow (ZG): –5.68 percent (23.49 percent decline year-to-date) RE/MAX (RMAX): –2.53 percent (7.93 percent decline year-to-date) Opendoor (OPEN): –10.03 percent (43.46 percent decline year-to-date) Over the past week, Offerpad shares shed over 20 percent of their value, and the company’s market cap dropped below the $1 billion mark . It now stands at $765 million compared to $2.7 billion when it went public last fall, a 72 percent drop. Analysts attribute the declines to the Federal Reserve’s plans to pull back support that brought in strong market conditions at the onset of the coronavirus pandemic in early 2020. Withdrawing support is the Fed’s attempt at tamping down inflation that has been on the rise globally over the past year, led by the U.S. It has led to the reality of housing prices continuing to skyrocket while shares of major brokerages plummet. Investors moving away from real estate stocks could indicate they expect a slowdown in the housing market this year. There are indications that buyers have been undeterred by interest rates that are already rising, with applications for purchase loans climbing early this year. Still, that number was down 13 percent from the prior year, according to the latest Mortgage Bankers Association’s  Weekly Applications Survey . Fannie Mae also predicted that rising rates would begin to price many buyers out of the market this year. This is an ongoing story that will be updated throughout the day.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing OfferPad

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OfferPad is included in 2 Expert Collections, including Real Estate Tech.


Real Estate Tech

2,221 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et



7,256 items

US-based companies

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