Redfin to shed 450 staffers after $100M rental deal with Zillow
On the same day Redfin inked a new $100M partnership to syndicate Zillow rental listings in multifamily buildings, the company said it would eliminate approximately 450 positions
by Taylor Anderson Feb 12
RE/MAX President Amy Lessinger announces resignation
Lessinger's departure comes less than a year after she assumed the role of president. It also comes after RE/MAX has struggled with financial results in recent quarters
by Jim Dalrymple II Jan 8
EXp World Holdings sells Virbela, the firm that made its virtual world
The sale, to Virbela's cofounders Alex Howland and Erik Hill, closed at the end of November. It comes at a time when virtual worlds and the metaverse have waned as a topic of excitement
by Jim Dalrymple II Dec 27
Opendoor founder Eric Wu leaving company to focus on startups
Wu founded Opendoor in 2014 and served as the company's chief executive officer until last year. He said in a statement that he's leaving to focus on building new things
by Jim Dalrymple II Dec 15
Compass COO Greg Hart to leave company at year end
Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer
by Jim Dalrymple II Dec 12
'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