Purplebricks Launches in New York Metro Area4/3/18
Purplebricks is now open for business in the New York Metro Area! This means big savings for customers across NYC, where homeowners selling a $560,000 home could save $13,600 with Purplebricks. That’s compared to paying the standard real estate brokerage commission, which averages 5.5% in the U.S.
Purplebricks Doubles Down on US Investment3/26/18
Purplebricks has secured a growth equity investment of $177 million from Axel Springer SE, Europe’s leading digital publisher, with $71 million of the proceeds being used to fuel Purplebricks’ growth in the U.S. The company officially launches in the New York DMA on April 3, 2018, three months ahead of schedule.
Purplebricks Expands Across California1/28/18
January 2018 marked the expansion of Purplebricks into Fresno, Sacramento and San Diego. Having launched in LA and Palm Springs in Sept 2017, Purplebricks offers a unique hybrid model, combining experienced Realtors with end-to-end, customer-facing technology.
Purplebricks On Fox Business Network1/15/18
Purplebricks U.S. CEO Eric Eckardt discussed on FBN’s “Varney & Company” the potential impact of the recent Tax Cuts & Jobs Act on the U.S. residential housing market, adding how Purplebricks will be beneficial to those affected by these legislative changes.
Purplebricks in the news
April 3, 2018
After big cash infusion, flat-fee brokerage puts down roots across the Big Apple, New Jersey, and Connecticut, in time for peak selling season…more
March 26, 2018
March 26 (Reuters) - Purplebricks Group Plc said on Monday German publisher Axel Springer bought a 11.5 percent stake in the British online estate agent for about 125 million pounds ($177.65 million). The company said Axel Springer’s investment, which included a 100 million pounds subscription for new shares, would be used for further expansion in the United States, support entry into new markets and widen Purplebricks’ service offering. However, Purplebricks warned its group revenues for the year ending April 31 would be around…more
March 26, 2018
Real estate agency Purplebricks Group has secured a growth equity investment of $177 million from Axel Springer SE, Europe’s leading digital publisher…more
March 26, 2018
Flat-fee real estate agency Purplebricks expanded into the U.S. last year after building a successful business in the United Kingdom and Australia, and after securing a sizable investment from European media giant Axel Springer, Purplebricks’ U.S. expansion is about to shift into overdrive. Purplebricks announced Monday that Axel Springer is investing $177 million in the company. In exchange, Axel Springer is acquiring 11.5% of the company. According to Purplebricks, the injection of funding will be used to…more
January 24, 2018
NEW YORK — After making its U.S. debut in Los Angeles last year, U.K. hybrid brokerage Purplebricks today announced plans to set up shop on the East Coast…more
January 9, 2018
SAN DIEGO (NEWS 8) — If you're thinking of selling your home in 2018 - and want to avoid paying a large seller's commission - Purplebricks might be for you. Offering a flat $3,200 seller's fee, the company is hoping it's success in the United Kingdom will take off here in Southern California. Eric Eckardt, the U.S. CEO of Purplebricks speaks to Morning Extra about expanding into San Diego and what sets the company apart…more