Tag Archives: Layoffs

Compass faces first downturn amid pressure to cut costs

By | | Uncategorized
Comments Off on Compass faces first downturn amid pressure to cut costs

The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn. Continue reading →

Redfin faces a steep battle as it claws its way toward profitability

By | | Uncategorized
Comments Off on Redfin faces a steep battle as it claws its way toward profitability

Analysts said Redfin isn’t facing an existential moment but nonetheless experienced a uniquely rough period over the past year. These are the 5 biggest challenges Redfin will face in 2023. Continue reading →

Real estate in 2022: When the #@!$ finally hit the fan

By | | Uncategorized
Comments Off on Real estate in 2022: When the #@!$ finally hit the fan

Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading →

Flat-fee brokerage Houwzer acquires rival Trelora

By | | Uncategorized
Comments Off on Flat-fee brokerage Houwzer acquires rival Trelora

The acquisition will expand the company’s footprint to 14 states. The deal also comes amid a challenging time for the real estate technology sector. Continue reading →

Keller Williams mortgage exec leaves after less than 2 years

By | | Uncategorized
Comments Off on Keller Williams mortgage exec leaves after less than 2 years

Dave Smith joined Keller Williams in 2021. He presided over the firm’s lending efforts during a period of increasing difficulty for the mortgage business. Continue reading →

7 things agents can be grateful for in 2022

By | | Uncategorized
Comments Off on 7 things agents can be grateful for in 2022

This year’s market may leave you feeling a little bittersweet about finding something to be thankful for. Trainer Rachael Hite outlines seven things agents can be grateful for, (even in a downturn). Continue reading →

Ribbon makes massive cuts, leaving fewer than 30 workers

By | | Uncategorized
Comments Off on Ribbon makes massive cuts, leaving fewer than 30 workers

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’

By | | Uncategorized
Comments Off on Orchard lays off 180 workers amid historic housing ‘disruption’

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

By | | Uncategorized
Comments Off on Homeward cuts 25% of staff in second round of layoffs

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 →