Tag Archives: power buyer

Ribbon makes massive cuts, leaving fewer than 30 workers

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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’

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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

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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 →

Ribbon suspends cash offer service, working on new tools for spring

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The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing. Continue reading →

Flyhomes: What it is and how agents can use its power buyer platform

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What is Sailbridge? Learn about the power buyer from Flyhomes, how its fees work and how a client can use it to make a cash offer. Continue reading →

Ribbon back in expansion mode with push into Illinois and Michigan

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Less than two months after layoffs, the power buyer says it’s still on track to meet a goal of being operational in 25 states by the end of the year. Continue reading →

Reali closing its doors and laying off most of its workforce

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California-based real estate brokerage and power buyer cites “challenging real estate and financial market conditions and unfavorable capital-raising environment.” Continue reading →

Homeward sheds 20% of workforce amid ‘sudden and sizable’ downturn

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Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company’s “buy with cash” product, according to a spokesperson. Continue reading →

DelPrete: Opendoor is ‘playing the long game,’ should survive downturn

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Despite a softening market and a recent FTC fine, Mike DelPrete described Opendoor as well-managed and in possession of enough cash to thrive for years to come, at Inman Connect Las Vegas. Continue reading →