Tag Archives: technology

Redfin shuts down iBuyer Redfin Now while slashing 13% of workforce

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As many as 264 employees impacted by the cuts were from Redfin Now, the company’s iBuying division, while an additional 218 jobs from other departments are also being eliminated. Continue reading →

EXp Realty expands into Poland amid international push

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Competition and a slowing market are making international expansions an increasingly important part of many U.S. companies plans for growth, including eXp Realty. Continue reading →

Redfin called ‘fundamentally flawed’ by analyst amid stock market havoc

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Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry. Continue reading →

Abuzz, then a bust: What happened with all that big ‘platform’ chatter?

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Real estate platforms were a hot topic a few years ago, but for even some of the biggest companies, sprawling enterprise has been the quickest way to failure, Inman founder Brad Inman writes. Continue reading →

DwellWell, a buyer-agent matching solution, raises $4.5M seed round

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The company is seeking to vet real estate agents as well as it does buyers, seeking those who are tech-forward and able to provide as frictionless an experience as possible. Continue reading →

Opendoor lost nearly $1B in Q3 in ‘once-in-40-years market transition’

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In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That’s up from a loss of just $57 million during the third quarter of 2021. Continue reading →

Rent.com develops program to help clients trend on TikTok

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Rent describes the solution as turnkey, fully managed and a way to convert existing marketing content on the Rent network into dynamic, digital branding messages. Continue reading →

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

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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 →