Knock unveils new plan to help homebuyers reduce mortgage rate

Interest-free home equity advances to Knock Home Swap clients can be used to buy down mortgage rate or make a bigger down payment. Continue reading

Ribbon slashes one-third of workforce to adjust to ‘new reality’

After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.” Continue reading

HomeLight founder and CEO Drew Uher: Power Buying is here to stay

HomeLight announced on June 29 that it planned to cut an unspecified number of jobs. Uher is confident in Power Buying and shares his views ahead of Inman Connect Las Vegas. Continue reading

UpEquity latest Power Buyer to join zavvie’s solutions marketplace

Austin, Texas-based mortgage platform UpEquity has more avenues to partner with real estate brokerages as it looks to expand its footprint to 23 states by the end of the year. Continue reading

Congress targets investors and asks: ‘Where have all the houses gone?’

Committee takes up the growing reach of institutional investors at a hearing this week. The biggest companies now own more than 280,000 single-family homes to rent. Continue reading

Proptech investor Paul Hurst sees a ton of opportunity in market shift

The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now. Continue reading

Knock CEO: Sellers will need Power Buyers even more as market shifts

If rising home prices and mortgage rates create a buyer’s market, sellers will need Power Buyers even more, says Knock CEO Sean Black. Continue reading

Lower launches ‘Realtor agnostic’ cash-offer service, MortgagePass

Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide. Continue reading

IBuyers, Power Buyers saw explosive growth in 2021. What about 2022?

Services promising a more streamlined, less painful transaction experience have become more popular and are likely to stick around, according to a new report released Tuesday from zavvie. Continue reading

Power Buyer Knock revamps board of directors

Representative of NAR’s venture capital arm, Second Century Ventures, will serve as an observer on Knock’s board of directors. Continue reading