Blend Labs laying off 150 more workers on 'path to profitability'
Mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in 5 rounds of layoffs in the last 16 months
by Matt Carter Aug 14
The 2 'buzzwords' Keller Williams' Marc King wants agents to master
Keller Williams President Marc King told Inman he wants KW agents to sharpen lead generation and conversion strategies as the brokerage's annual Agent Mega Camp hits Austin this week
by Marian McPherson Aug 14
Despite Q2 decline, Realtor.com says it's ready to take on CoStar
Realtor.com parent company Move's quarter and yearly revenues have slipped, with the company bringing in $602M for the full year. But despite struggles, News Corp's CEO is confident in the brand
by Marian McPherson Aug 10
Title tech provider Flueid raises $10M in Series B1
Round led by existing investor Aquiline Technology Growth will allow Flueid to add more integrations to its verification of title solutions suite and refine its purchase solution
by Matt Carter Aug 10
The Real Brokerage more than doubles revenue, agent count in Q2
NYC-based Real Brokerage's Q2 revenue increased 65% year over year to $185.3M. Despite raising fees in Q1, its agent count grew 105% year over year, according to an earnings report
by Marian McPherson Aug 10
Fathom Realty trims its losses during Q2 as agent count grows
Fathom logged a net loss of $4.3M during Q2, an improvement over the $5.7M loss logged during Q1, according to its earnings report released Wednesday
by Ben Verde Aug 9
'Substantial doubt' that WeWork can stay afloat, company says
By WeWork's own admission, it is unlikely to last much longer. In order to survive, it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital
Proptech spending expected to resume this year, investor says
'We remain bullish about an increase in activity over the back half' of 2023, Houlihan Lokey Managing Director Chris Gough said during a presentation Tuesday at Inman Connect Las Vegas
by Taylor Anderson Aug 9
UWM posts $229M Q2 profit as spring mortgage originations soar
United Wholesale Mortgage, the nation's largest lender, also raised refinancing volume by 23% after being hammered by higher interest rates, according to Q2 earnings released Wednesday
by Matt Carter Aug 9
Matterport defies Q2 revenue estimates as subscribers multiply
Matterport posted second-quarter revenues of $39.6M — a 39% increase from the same period a year earlier that squeaked past analyst estimates of $39.2M, according to a Tuesday earnings call
by Ben Verde Aug 9
LoanDepot narrows Q2 loss on spring mortgage demand
At $4.55B, loanDepot's Q2 purchase loan originations were up 30% from Q1, thanks in part to the seasonal boost provided by spring homebuyers, but down 52% from a year ago
by Matt Carter Aug 8
ICE's Black Knight acquisition nears resolution of antitrust issues
'Significant progress' in Federal Trade Commission negotiations have been reported since Black Knight's Empower loan origination system and Optimal Blue division were removed from the deal
by Matt Carter Aug 8
Rocket back in the black after boosting purchase market share
Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages
by Matt Carter Aug 4
A 'hyper-authentic approach': Tom Ferry partners with Client Giant
The partnership gives Ferry's network of real estate professionals access to the client satisfaction and retention platform, according to a statement
by Ben Verde Aug 3
Seattle-based regional bank HomeStreet reportedly up for sale
Regional banks have largely weathered the crisis fueled by this year's failures of Silicon Valley Bank, Signature Bank and First Republic Bank by pursuing mergers and boosting deposits through 3rd-party brokers
by Matt Carter Aug 3
Compass hires former Better Homes and Gardens agent
Joseph Magsaysay will join Compass' leadership as the brokerage looks to enhance its luxury presence in Silicon Valley. Magsaysay says he's developed a 'people first' leadership strategy
by Ben Verde Aug 3