'Cash Flow King' took millions in Ponzi scheme, according to SEC
‘Nearly everything about his scheme was a lie,’ the SEC says in new charges against the investor, who raised money to buy homes in northern Ohio
by Taylor Anderson Sep 27
RE/MAX Holdings to lay off 7% of staff by end of September
The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings
by Lillian Dickerson Aug 23
Opendoor's losses doubled in Q4 as the iBuyer's revenue fell 25%
The dominant iBuyer lost nearly $400M in the fourth quarter, according to an earnings call Thursday. That's better than the previous quarter, but a big jump from the same period in 2021
by Jim Dalrymple II Feb 23
Anywhere lays off more workers, announces end of RealSure iBuyer
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
by Jim Dalrymple II Jan 10
Better shed nearly 60% of employees and posted $304M loss in 2021. But IPO still in cards, SEC filings show
New documents filed Monday with the US Securities and Exchange Commission shed new light on just how bad the past 18 months have been for the online mortgage lender
by Taylor Anderson Apr 28
How Twitter fought Elon Musk with a real estate investment strategy
The social network briefly turned to a poison pill to fight off the world's richest man. And as it turns out, poison pills have a long history in the real estate industry
by Jim Dalrymple II Apr 26
Fifth Wall debuts third SPAC, hopes to raise $250M
This is the third special purpose acquisition company that Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched this year
by Jim Dalrymple II Apr 19
Realogy upsizes capital raise due to high level of interest
The company was seeking to raise $400M but will instead raise $600M due to high demand and the rate the company secured
by Patrick Kearns Jan 7
Home improvement marketplace Porch makes stock market debut
Porch has evolved into an enterprise software company as well as a consumer-facing marketplace. The firm is the latest to use a merger with a blank check company to go public
by Jim Dalrymple II Dec 24
The 8 biggest stories that impacted real estate investors in 2020
The hottest topics for real estate investors this year ran the gamut — Airbnb's IPO, WeWork's new CEO, the vacation rental market's comeback, eviction bans and more
by Lillian Dickerson Dec 15
Airbnb shoots for $35B valuation
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
Quicken Loans files for IPO as Rocket Companies
The Detroit-based lender announced the Rocket brand in 2015 and now plans to use the symbol RKT on the New York Stock Exchange
by Jim Dalrymple II Jul 7
Realogy upsizes capital raise to $550M following increased demand
The company upped its intended raise of $400M, a spokesperson confirmed to Inman
by Patrick Kearns Jun 10
Realogy calls Compass allegations 'sensational' and 'not true'
In an internal email, Realogy CEO Ryan Schneider insisted his company never explored a sale and called Compass' claims an attempt 'to inspire sensational news coverage'
by Jim Dalrymple II Sep 9
Realogy's stock drops after discontinuation of USAA program
The company is replacing the USAA program with its own in-house military rewards program, but it expects the ending of the USAA program will have a 'material impact' in 2020
by Patrick Kearns Aug 29