Inman reveals winners of inaugural Best of Proptech awards for 2023

In recognition of the entrepreneurs, venture capitalists and visionaries pushing real estate forward, the “Best of Proptech” honors cap the yearlong expansion of Inman’s awards program. Continue reading

Divvy Homes letting 95 employees go, including senior managers

The third round of layoffs in the last 12 months affects employees in 21 states, including Divvy’s chief legal officer, vice president of compliance and head of design. Continue reading

Divvy Homes’ employees say there has been another round of layoffs

Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday. Continue reading

Divvy Homes slashes 12% of staff as rates continue to climb

The company, valued at $2 billion as of August 2021, has reduced its employee count by 40 people, the latest in a run of real estate companies that have enacted layoffs. Continue reading

CoStar, Adena Hefets take top Inman Innovator awards at ICLV

Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at ICLV on Friday. Continue reading

3 CEOs share their tips on tackling affordability: ‘It’s a time to fight’

Homeward CEO Tim Heyl, Divvy CEO Adena Hefets and Flyhomes CEO Tushar Garg dished on how the market shift has impacted Power Buyers at Inman Connect Now on Thursday. Continue reading

As Power Buyers gain popularity, distinguish between friend and foe

Era Ventures Managing Partner Clelia Peters spoke with Ribbon co-founder Wei Gan and Divvy Homes CEO Adena Hefets Tuesday at Inman Connect New York about the ways Power Buyers operate. Continue reading

Divyy Homes CEO: Rising home prices and rates are business drivers

“Our goal is not necessarily to expand a ton into new markets,” Divvy CEO Adena Hefets told Inman ahead of Inman Connect New York next week, following company’s latest $200 million round. Continue reading

Divvy Homes brings in $735M debt financing just months after Series D

The news follows Divvy’s $200 million Series D and will allow it to serve more Americans on their path to homeownership through a rent-to-own program. Continue reading