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
Tim Heyl lays out the 3 key issues Power Buyers should focus on today
Power buyers became synonymous with cash offers during the first 2 years of the COVID housing market. Homeward's CEO shares what's next for the sector ahead of Inman Connect Las Vegas
by Taylor Anderson Jul 1
HomeLight joins growing list of companies announcing layoffs
The company announced job cuts Wednesday, saying it needed to focus on growing in a 'sustainable way.' Numerous other companies have also cut jobs as the housing market shifts
by Jim Dalrymple II Jun 29
Orchard lays off nearly 100 employees — but is still hiring
Power Buyer confirms that it intends to fill approximately 50 openings in its mortgage, real estate brokerage, marketing and finance departments
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
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Homepoint is first wholesale lender with cash offer product
Powered by Accept.inc, Homepoint Cash Compete program is available at launch in six states: California, Colorado, Minnesota, Oregon, Texas and Washington
by Matt Carter May 24
Ribbon, Crye-Leike partner to launch Power Buyer services in Arkansas
A leading independent real estate brokerage Crye-Leike, was Ribbon's partner in launching Power Buyer services in Alabama in December. Ribbon's goal to serve half of U.S. by year's end
by Matt Carter May 23
Lower partners with Orchard to offer Power Buyer services
As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor
by Matt Carter May 20
Power Buyer Orchard now serving first-time homebuyers
After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead
by Matt Carter May 17
Power buyer Homeward floats into Florida with Miami, Tampa launch
Texas-based power buyer Homeward launched in Florida on Tuesday. Buyers will be able to request cash offers and use the platform's mortgage and title services
by Marian McPherson May 10