CoStar, Adena Hefets take top Inman Innovator awards at ICLV

Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at ICLV on Friday. Continue reading

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

UpEquity latest Power Buyer to join zavvie’s solutions marketplace

Austin, Texas-based mortgage platform UpEquity has more avenues to partner with real estate brokerages as it looks to expand its footprint to 23 states by the end of the year. Continue reading

Proptech investor Paul Hurst sees a ton of opportunity in market shift

The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now. Continue reading

Lower launches ‘Realtor agnostic’ cash-offer service, MortgagePass

Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide. Continue reading

Ribbon partners with Coldwell Banker Heritage for Ohio launch

Ohio is the sixth new state the New York-based Power Buyer has added this year, giving it a presence in 13 states. Continue reading

Power Buyer Orchard now serving first-time homebuyers

After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead. 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