WATCH: Power Buyers at ICLV say cash offers will never go out of style
Knock and HomeLight CEOs are witnessing a sea change as the market shifts, but they said that doesn't necessarily mean buyer and seller appetites for cash offers will change anytime soon
by Lillian Dickerson Aug 17
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
CoStar, Adena Hefets take top Inman Innovator awards at ICLV
Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at Connect Las Vegas on Friday
Agents, brokers advised to seize the moment as mortgage rates retreat
Seek lenders who have the tech, people skills and product set to get would-be homebuyers off the fence and to the closing table, Knock and Maxwell executives told attendees at Connect Las Vegas
by Matt Carter Aug 4
Power Buyers ready to power through market shift
While funding may be scarce for real estate startups, Power Buyers Knock and HomeLight CEOs Sean Black and Drew Uher said at Inman Connect, they aren't having trouble securing capital
by Matt Carter Aug 3
Knock unveils new plan to help homebuyers reduce mortgage rate
Interest-free home equity advances to Knock Home Swap clients can be used to buy down mortgage rate or make a bigger down payment
by Matt Carter Aug 2
Ribbon slashes one-third of workforce to adjust to 'new reality'
After expanding into 8 new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an 'achievable path to profitability'
by Matt Carter Jul 28
HomeLight founder and CEO Drew Uher: Power Buying is here to stay
HomeLight announced on June 29 that it planned to cut an unspecified number of jobs. Uher is confident in Power Buying and shares his views ahead of Inman Connect Las Vegas
by Matt Carter Jul 25
UpEquity latest Power Buyer to join zavvie's solutions marketplace
Austin, Texas-based mortgage platform has more avenues to partner with real estate brokerages as it looks to expand its footprint to 23 states by the end of the year
by Matt Carter Jul 11
Congress targets investors and asks: ‘Where have all the houses gone?’
Committee takes up the growing reach of institutional investors at a hearing this week. The biggest companies now own more than 280,000 single-family homes to rent
by Taylor Anderson Jun 28
Proptech investor Paul Hurst sees a ton of opportunity in market shift
The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now Thursday
by Matt Carter Jun 23
Knock CEO: Sellers will need Power Buyers even more as market shifts
Knock co-founder and CEO Sean Black shares his views on how rising home prices and mortgage rates could affect Power Buyers ahead of Inman Connect Las Vegas
by Matt Carter Jun 22
Lower launches 'Realtor agnostic' cash-offer service, MortgagePass
Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide
by Matt Carter Jun 14
IBuyers, Power Buyers saw explosive growth in 2021. What about 2022?
Services promising a more streamlined, less painful transaction experience have become more popular and are likely to stick around, according to a new report released Tuesday from zavvie
by Jim Dalrymple II Jun 7
Power Buyer Knock revamps board of directors
Representative of NAR's venture capital arm, Second Century Ventures, will serve as an observer on Knock's board
by Matt Carter Jun 7