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

Flyhomes lays off 20% of workforce, cites rising interest rates

The layoffs come after a rapid expansion into new markets including Texas, Colorado and Idaho following a $150 million Series C funding round. Continue reading

Flat-fee HomeLister to use Series A funding for national expansion

Already in 17 markets, the alternative sales platform secured $10 million in a Series A round led by M13 and Homebrew. It’s the second flat-fee or discount service to earn financing this month, joining HomeLight. Continue reading

HomeLight joins growing list of companies announcing layoffs

The company announced job cuts Wednesday, saying it needed to focus on growing in a “sustainable way.” Numerous other companies have also cut jobs as the housing market shifts. Continue reading

HomeLight raises $115M and acquires cash offer rival Accept.inc

Scottsdale, Arizona-based HomeLight announced that its all-stock deal raises the company’s valuation to $1.7 billion and makes it the largest “agent-focused” cash offer program in the U.S. Continue reading

Guild Mortgage rolls out cash offer program in 11 states, more to join

Guild’s CashPass program is available for primary residences, second homes or investment properties, with down payments depending on occupancy. Continue reading

Brokerages push back on NAR ad campaign targeting ‘competitors’

The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it’s competing with for consumer mindshare. Continue reading

Inman announces first round of exhibitors for ICNY22

Inman Group® announced 31 exhibitors for Inman Connect in New York, April 19 – 21, 2022. It’s the 25th anniversary of these events. Continue reading

The transaction of the future is all cash and requires less paperwork

Clelia Peters asked speakers during an Inman Connect panel a series of rapid-fire questions about how agents and real estate tech companies would handle real estate transactions in the future. Continue reading