Welcome Homes launches new tools in bid to ease housing crunch

Welcome Homes, a hybrid homebuilder and proptech company, announced its new “Make-an-Offer” module and an artificial intelligence-backed land analysis report on Wednesday. Continue reading

Inman reveals winners of inaugural Best of Proptech awards for 2023

In recognition of the entrepreneurs, venture capitalists and visionaries pushing real estate forward, the “Best of Proptech” honors cap the yearlong expansion of Inman’s awards program. Continue reading

Blend now focused on growth in quest to return to profitability

Mortgage and banking tech provider reports a $41.8 million Q3 net loss with revenue down 27 percent from a year ago to $40.59 million, but company executives emphasize potential for growth. Continue reading

To elevate the industry, Chime becomes Lofty

The rebrand to Lofty from Chime was driven by a number of business factors, such as ongoing confusion with the web bank of the same name and its evolution far beyond customer relationship management. Continue reading

Compass trims losses, improves cash flow despite Q3 revenue dip

The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday. Continue reading

RealScout tracks down enterprise deal with Anywhere

Agents and teams at Century 21, Sotheby’s International Realty and Coldwell Banker, among others, will have access to RealScout as part of an enterprise-level agreement between the tech company and Anywhere. Continue reading

Inspired, purposeful productivity app RealtyTek is a good start: Tech Review

RealtyTek is a mobile app for real estate agents and their customers to help automate transaction business functions, but it struggles with growing pains in a few critical places. Continue reading

In 2024, Lone Wolf customers to experience next-generation products

Prominent proptech company Lone Wolf Technologies used the stage at an industry conference to present a revamped product line set to roll out to real estate brokerages in phases starting in 2024, a Nov. 1 press release said. Continue reading

Opendoor can’t hang on to profitability as Q3 revenue craters

The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading

Mortgage software provider Vesta powering Upstart’s HELOC launch

Since announcing a $30 million Series A funding round last year, Vesta has added partners and integrations at a rapid clip, including integration with Willow Servicing. Continue reading