PLACE hires former Homeward exec Brian Gubernick

Brian Gubernick will serve as PLACE’s new chief real estate officer tasked with helping teams and agents grow their businesses. Continue reading

What happened with power buying in 2022? Let’s look at the numbers

The market went south, but consumers’ appetite for power buying didn’t, according to a new report from real estate marketplace zavvie. Continue reading

Real estate in 2022: When the #@!$ finally hit the fan

Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading

Homeward CEO Tim Heyl and the path forward for power buyers

Homeward CEO Tim Heyl said his company is built to handle down markets. He spoke with Inman ahead of Inman Connect New York, where he’ll be speaking about tech, data and the biggest trends in 2023. Continue reading

Flat-fee brokerage Houwzer acquires rival Trelora

The acquisition will expand the company’s footprint to 14 states. The deal also comes amid a challenging time for the real estate technology sector. Continue reading

Real estate funding startup Setpoint rakes in $43M in Series A round

The funds came from a variety of investors, including Andreessen Horowitz, Fifth Wall, 645 Ventures and others. The funding is notable for coming amid a cooling housing market. Continue reading

Ribbon makes massive cuts, leaving fewer than 30 workers

In an email on Monday, a spokesperson for the power buyer confirmed to Inman that the firm had laid off workers and would now “be a company of less than 30 people.” Continue reading

Orchard lays off 180 workers amid historic housing ‘disruption’

The cuts are the second time the power buyer has reduced its workforce as the market has rapidly deteriorated this year. Continue reading

Homeward cuts 25% of staff in second round of layoffs

The power buyer previously cut 20 percent of its staff in August. The cuts come as the broader real estate industry grapples with soaring mortgage rates and slowing sales. Continue reading

Mortgage is the new money pit for portals: Mike DelPrete

Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies. Continue reading