The power buyer CEO also weighs in on whether traditional iBuyers will ever see their Goldilocks moment and turn a regular profit
Gubernick will serve as PLACE's new chief real estate officer tasked with helping teams and agents grow their businesses
The market went south, but consumers' appetite for power buying didn't, according to a new report from real estate marketplace zavvie
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
Heyl said his company is built to handle down markets. He spoke with Inman ahead of Inman Connect New York, where he’ll be talking about tech, data and the biggest trends in 2023
The acquisition will expand the company's footprint to 14 states. The deal also comes amid a challenging time for the real estate technology sector
The funds came from a variety of investors, including Andreessen Horowitz, Fifth Wall, 645 Ventures and others. The funding is notable for coming amid a cooling housing market
In an email on Monday, a spokesperson for the power buyer confirmed to Inman that the company had laid off workers and would now 'be a company of less than 30 people'
The cuts are the second time the power buyer has reduced its workforce as the market has rapidly deteriorated this year
The power buyer previously cut 20% of its staff in August. The cuts come as the broader real estate industry grapples with soaring mortgage rates and slowing sales
Opinion
Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies
Pandemic-spurred access to technology in the transaction continues to fuel consumer demand for more seamless ways of doing business, speakers at Inman Connect Las Vegas said
At CEO Connect in Las Vegas, the real estate industry's top leaders collaborated to create our first-ever 'Industry Blueprint for a Changing Market'
Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company's 'buy with cash' product, according to a spokesperson
Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at Connect Las Vegas on Friday