Realtor.com has become the latest real estate company to lay off its employees. The portal declined to share specific details, but said it's 'bullish' about its future despite market declines
California-based real estate brokerage and power buyer cites 'challenging real estate and financial market conditions and unfavorable capital-raising environment'
Anywhere Real Estate has laid off an unknown number of employees as the company streamlines amid choppy market conditions. Anywhere declined to share which departments were impacted
The fast-growing brokerage earned $2B in revenue during the second quarter of the year, but also saw losses rise to $101M, according to an earnings report issued Monday
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
Despite recent layoffs, the real estate tech startup has struck up a slew of new partnerships including one with a high-profile duo that just left Douglas Elliman
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business
Digital marketing company Adwerx is the latest company to announce layoffs, with 40 employees losing jobs on Thursday. Adwerx said the layoffs are the result of scaling back on new initiatives
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
Sundae, which lets homesellers sell their properties as-is to investors without hiring a real estate agent, said layoffs were targeted to its newest markets
Non-QM lender fires three-quarters of its workforce, saying it's experienced 'significant operating losses and cash flow challenges' and has been unable to obtain funding
Power Buyer confirms that it intends to fill approximately 50 openings in its mortgage, real estate brokerage, marketing and finance departments
Opinion
Recent headlines have been filled with news of layoffs, but look closer. The companies where layoffs are occurring are wholly unrepresentative of the real estate industry and don't represent a major trend
The slowing demand for homes is affecting the balance of power between buyers and sellers, according to 2 new reports from Redfin
Inman spoke with Oppenheim Group founder Jason Oppenheim and vice president Mary Fitzgerald about market turmoil, layoffs and the road forward ahead of Connect Las Vegas