Homeward sheds 20% of workforce amid 'sudden and sizable' downturn
Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company's 'buy with cash' product, according to a spokesperson
by Daniel Houston Aug 10
Zillow and Opendoor's partnership: 'A match made in lead-gen heaven'
Opinion
The former rivals are now bedfellows in a new partnership that seeks to use the power of Zillow's platform to feed Opendoor's sales funnel
by Mike DelPrete Aug 10
Here are your top tech hacks: Pulse
Opinion
This week, we wanted to know: What top tech hack do you pride yourself on knowing, whether you learned it in a CE class or on your own?
by Inman Aug 10
Real (Estate) Talk: Is this overzealous charity work or rightful amends by NAR?
Opinion
Historical inequities in the real estate industry created harm, and we have a collective responsibility to make it right, or at least better
by Lee Davenport Aug 9
As proptech stocks get clobbered, investors look to the future
Proptech stocks have lost a quarter of their value over the last year. Investors at Inman Connect Las Vegas Chris Gough, Krishna Srinivasan and Paul Hurst, say there is still a lot to like
by Daniel Houston Aug 5
Douglas Elliman revenue declines in the face of luxury housing shortage
Douglas Elliman's revenue declined in Q2 as the housing market — particularly the luxury sector — struggled with slower activity, the company said in its 3rd earnings report as a public company
WeWork's losses decline in Q2 as workers returned to the office
Net loss decreased 31% year over year as office occupancy returned to pre-pandemic levels, according to a Q2 earnings report released Thursday by WeWork
by Daniel Houston Aug 5
Inman’s Top 5 stories of the week, July 29-Aug. 4, 2022
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for July 29-Aug. 4, 2022
by Inman Aug 5
Vrbo traveler deposits fuel strong returns for Expedia in Q2 earnings
Despite new COVID variants posing an ever-present threat and an uncertain global economy, traveler deposits for Vrbo bookings hit $2.8B as of June 30, up from $1.7B at the end of 2021
Rocket stays profitable by a hair in Q2 after cutting $300M in expenses
In addition to shedding workers, the parent company of the nation's biggest lender trimmed marketing, production and other vendor-related costs to beat cost-cutting goal
by Matt Carter Aug 5
Opendoor cutting prices in bid to get surplus inventory off books
The iBuying giant dramatically boosted home sales during the second quarter of 2022, generating $4.2B in revenue, but ended up back in the red with $54M in losses
by Matt Carter Aug 4
RE/MAX grows in Q2 despite downgrading 2022 housing outlook
The real estate franchise giant posted higher revenues and expanded profits even as the company downgraded expectations amid a slowing market, according to an earnings report Thursday
by Daniel Houston Aug 4
Premier Agent dips as Zillow hangs on to modest Q2 profit
Market headwinds pushed Zillow Q2 revenues down 23% to $1B. Despite the declines, Zillow is pushing forward with major initiatives including a new partnership with former rival Opendoor
Fathom Holdings doubles revenue in Q2 as mortgage business struggles
The brokerage's revenue grew 52 percent annually in the second quarter, reaching $128.2 million, up from $84.2 million last year, according to an earnings on Thursday.
by Daniel Houston AND Ben Verde Aug 4
Redfin's profits decline in Q2 despite uptick in revenue
Redfin reported $606.9M in second-quarter revenue, a 29% increase compared to the second quarter of 2021, in an earnings report released Thursday afternoon following the close of markets
by Daniel Houston AND Ben Verde Aug 4
Offerpad hangs on to profitability for 3rd-straight quarter amid shift
Offerpad recorded a gross profit of $93M, an 83 percent annual increase and its third straight profitable quarter, according to a Q2 earnings report released Wednesday afternoon
by Daniel Houston AND Ben Verde Aug 3