Tag Archives: Industry News

Opendoor lays off 18% of workforce ahead of Q3 earnings call this week

By | | Uncategorized
Comments Off on Opendoor lays off 18% of workforce ahead of Q3 earnings call this week

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 →

Real estate companies are about to tell us just how bad the downturn is

By | | Uncategorized
Comments Off on Real estate companies are about to tell us just how bad the downturn is

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 →

Haven scores $8M Series A to help mortgage servicers cross market

By | | Uncategorized
Comments Off on Haven scores $8M Series A to help mortgage servicers cross market

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 →

Coldwell Banker CEO: Not every company will make it through slump

By | | Uncategorized
Comments Off on Coldwell Banker CEO: Not every company will make it through slump

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 →

Compass taps Cushman executive as chief financial officer at pivotal time

By | | Uncategorized
Comments Off on Compass taps Cushman executive as chief financial officer at pivotal time

Kalani Reelitz joins the brokerage at a time of significant transition, and as it tries to achieve positive cash flow next year. Continue reading →

‘The Airbnbust is upon us’: A tweet hints at Airbnb’s fall. But is it right? 

By | | Uncategorized
Comments Off on ‘The Airbnbust is upon us’: A tweet hints at Airbnb’s fall. But is it right? 

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 →