The portal giant brought in $435M in revenue during the fourth quarter of last year and lost $72M, according to 4Q22 earnings released Wednesday afternoon
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive
Struggling iBuyer confirms the company has laid off an unspecified number of employees in a second round of layoffs, with more details coming on Feb. 22 Q4 earnings call
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
At Inman Connect New York Wednesday, CEO Brian Boero shared insights from a real estate consumer sentiment study it conducted under the self-imposed mandate to 'shut up and listen'
Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors' appetite for shares fall significantly
Layoffs come a week after the shutdown of RealSure, Home Partners' iBuyer joint venture with real estate franchising giant Anywhere, and include Pathlight Property Management
Executives at pioneering iBuyer see tremendous opportunity if they can negotiate today's challenging 'in-between' phase where buyers and sellers are on the fence
Lower's 'mortgage as a service' platform lets brands offer digital-first mortgages through application programming interface and no-code solutions
A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching
The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn
The company has slashed its workforce by 11% since last June, according to US Securities and Exchange Commission filings. The moves come following months of housing market declines
Windermere Offers will allow people working with the brokerage's agents to compare various options for selling their homes
The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market
Weeks after it reported losing nearly $1B in Q3, leading iBuying company shook things up as founder Eric Wu was replaced as CEO by CFO Carrie Wheeler, and the president has resigned