Shares in Blend touched a new all-time low after the company issued 2022 revenue guidance that co-founder and CEO Nima Ghamsari acknowledged as "much lower than consensus estimates"
Severance pay arrives early. Work computers shut down. Former Better employees describe how they found out they were let go Tuesday
Layoffs had been anticipated and numbered in the thousands. Workers reported receiving no advanced notice that they were laid off.
Better CEO Vishal Garg has apologized to the mortgage company's staff, saying he failed to show adequate respect for the 900 former employees who were let go last week
The online mortgage company is facing scrutiny from former employees and on social media, where a video of CEO Vishal Garg firing employees over Zoom drew thousands of reactions
Experts envision the company pivoting to the comparatively easier business of working with buyers after the failed experiment of scooping up homes from sellers
Glenn Kelman wants Redfin to be a 'beacon for attracting the real estate industry's most diverse talent'
The short-term rental company is aiming to price at $44 to $50 per share, according to an updated S-1 filing it submitted to the Securities and Exchange Commission on Tuesday
The changes are mostly in field offices across the country, with a few operations staffers being let go, a Zillow spokesperson confirmed to Inman
Despite the lapse in federal unemployment benefits in August, 68% of renters made an on-time rent payment during the first week of September, meaning just 32% were in 'rent debt.'
Annual rent growth shifted to negative in June, falling to -0.4% to $1,457
Homebuyer sentiment has changed significantly over the past few months, from largely positive feelings before the start of 2020 to mostly negative ones in the ensuing months
Additionally, nearly half of Airbnb hosts reported that they don't currently feel safe renting out properties, according to a survey by IPX1031
The company has laid off 25% of its staff and cut all other salaries by approximately 15%
Matterport for iPhone is poised to make the 3D imaging company's technology accessible to more real estate professionals, and it comes amid surging interest in 3D tours