Rentals startup Frontdesk lays off all staff after failed funding round

All 200 full-time staff members along with contractors and part-time staff were dismissed during “a two-minute Google Meet call.” Continue reading

Flyhomes announces 3rd round of layoffs since 2022

Seattle-based brokerage and mortgage lender Flyhomes announced another round of layoffs on Friday. The company had layoffs in July and November 2022, with one round impacting 20 percent of its workforce. Continue reading

How to turn your team’s tech stack into a growth magnet

Although growing a team in a sustainable and meaningful way is far from easy, finding and leveraging the right technology can help you effectively manage your people and processes and keep you on an efficient path to your next growth milestone, Sheila … Continue reading

Here’s how to avoid a smoke-and-mirrors tech trap

When selected and used correctly, the right technology can be rocket fuel for your business, Mosaik CEO Sheila Reddy writes. However, implementation and adoption make all the difference. Continue reading

Real Brokerage CEO touts in-works app as the ‘future of real estate’

Tamir Poleg believes an in-the-works, consumer-facing app his brokerage is developing will dramatically alter the process of buying and selling a home. Continue reading

Zillow, Redfin go head-to-head with new ChatGPT plugins

The plugins will allow users to employ conversational language to ask the chatbot details about specific listings and the kinds of homes they seek to fine-tune their search results. Continue reading

Zillow unveils affordability tool that prioritizes buyers’ monthly budget

Announced on Monday, the new filter enables users to search for homes within a range of monthly mortgage payment prices that fit their budget, instead of just listing prices. Continue reading

First Citizens BancShares to acquire SVB in FDIC-brokered deal

The deal includes the purchase of approximately $72 billion in loans at a discount of about $16.5 billion, along with the transfer of all of the bank’s deposits totaling about $56 billion, according to the FDIC. Continue reading

Redfin shuts down iBuyer Redfin Now while slashing 13% of workforce

As many as 264 employees impacted by the cuts were from Redfin Now, the company’s iBuying division, while an additional 218 jobs from other departments are also being eliminated. Continue reading