Opendoor to double the number of homes it buys each month: CEO
CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp
by Jim Dalrymple II Nov 8
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
by Craig C. Rowe Nov 8
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
by Inman Nov 8
Blend now focused on growth in quest to return to profitability
The mortgage and banking tech provider reports a $41.8M Q3 net loss with revenue down 27% from a year ago to $40.59M, but company executives emphasize potential for growth
by Matt Carter Nov 7
To elevate the industry, Chime becomes Lofty
The rebrand 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
by Craig C. Rowe Nov 7
Compass trims losses, improves cash flow despite Q3 revenue dip
The brokerage saw revenue fall 10% year over year, but also managed to cut net losses from $154M in the third quarter of last year to $39M this time around, according to a Q3 earnings call Monday
by Jim Dalrymple II Nov 6
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 the software as part of an enterprise-level agreement
by Craig C. Rowe Nov 6
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
by Craig C. Rowe Nov 3
In 2024, Lone Wolf customers to experience next-generation products
Announced to the audience at the 2023 T3 Sixty Tech Summit was a 'new generation' of Lone Wolf solutions constructed to run on the connected Lone Wolf Foundation platform
by Craig C. Rowe Nov 2
Opendoor can't hang on to profitability as Q3 revenue craters
The iBuyer saw revenue fall 71% year over year in the 3rd quarter of 2023. The company also lost $106M — a reversal from Q2's net profit
by Jim Dalrymple II Nov 2
Mortgage software provider Vesta powering Upstart's HELOC launch
Since announcing a $30M Series A funding round last year, Vesta has added partners and integrations at a rapid clip, including Willow Servicing, a cloud-based mortgage servicing platform
by Matt Carter Nov 2
Lucky number? Radius Agent lands its 2nd $13M funding round
After a $13M Series A in May, led by Peter Flint's NFX, the brokerage-as-a-service platform secured a Series B in the same amount, also from Flint
by Craig C. Rowe Nov 2
Offerpad on path to profitability as net losses slid 75% in Q3
The iBuyer reported Q3 earnings Thursday, with revenues declining 71% YOY to $234.2M. Offerpad dramatically slimmed losses and is on track to reach Adjusted EBITDA profitability by 2024
by Marian McPherson Nov 2
Zillow's Q3 revenue ticks up, losses shrink despite rough market
The portal giant brought in $496M in revenue between July and September. That's a 3% increase compared to 1 year earlier
by Jim Dalrymple II Nov 1
Zillow acquires CRM Follow Up Boss, super app 'mission' ongoing
'If you love Follow Up Boss now — just wait.' - Zillow President Susan Daimler
by Craig C. Rowe Nov 1
New startup Foyer helps first-time homebuyers with savings program
The '401(k) for homeownership' helps first-time buyers achieve their savings goals with 4.51% APY high-yield savings accounts, as well as educational tools and matching with agents and lenders
by Lillian Dickerson Oct 31