The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry. Continue reading
Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market. Continue reading
The latest funding round, led by Fifth Wall with participation by Fidelity National Financial, RWT Horizons and 1Sharpe Ventures, brings the total funding to date to $13.5 million. Continue reading
M. Ryan Gorman said the current downturn is an opportunity for his company, while noting that some competitors “may not have a plan for good times let alone a plan for bad times.” Continue reading
Kalani Reelitz joins the brokerage at a time of significant transition, and as it tries to achieve positive cash flow next year. Continue reading
Catch up on the most-read stories of the week, as determined by Inman readers. Here’s Inman Top 5 for Oct. 21-27, 2022. Continue reading
This week: Mike DelPrete says to expect more mergers and acquisitions, Gary Keller gives advice for the current market, and Left, Middle, Right. Continue reading
Approximately 5% of Zillow’s workforce have been let go as the company shifts its focus towards technology, according to a new report published Wednesday. Continue reading
Social media users claim short-term rental bookings are collapsing. But the data tells another story. Inman reached out to Airbnb and to some experts who follow the short-term rental space. Continue reading
The expansion comes as 85 percent of homeowners with a mortgage have a rate far below the current 7 percent yet high equity in their home. Splitero said expansion plans will continue in other states in 2023. Continue reading