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PropTech News

PropTech

Better.com Moves Forward With SPAC Despite Legal Issues and SEC Probe

Rochelle Heath-Harris -
Legal woes threaten Better.com’s very existence, but denial surrounding the trouble they're in comes as they continue to move forward with their SPAC merger...
PropTech

Real Estate Firms Compass and Redfin and More Announce Layoffs

Lara Popeck -
With the real estate market cooling off and the economy slowing down, real estate companies are starting to make changes. In filings with the...
PropTech

Lawsuit by Former Employee Brought Against CEO of Better.com

Rochelle Heath-Harris -
From Vishal Garg's claim-to-fame Zoom call laying off over 900 employees 2 weeks before Christmas, to making headlines several times for several consecutive rounds...
Market Pulse

The Housing Market May Be Cooling Down, According to a Redfin Study

Tyler Williams -
A recent Redfin study suggests that the housing market may be cooling down. According to the study, almost one in five home sellers dropped...
PropTech

Better.com Layoffs Stir Up More Controversy

Rochelle Heath-Harris -
Technically, I could start out by saying "I told you so," but I won't. I have been covering Better's progress - or lack thereof...
PropTech

Bezos-Backed Real Estate Opportunity Has Arrived

Rochelle Heath-Harris -
If you've been wondering what Jeff Bezos has been up to in his spare time since leaving Amazon, your wait is over - his...
PropTech

Zillow Earnings Strong, Q2 Predictions Seem Volatile

Rochelle Heath-Harris -
Zillow's co-founder and CEO, Rich Barton, led the Q1 earnings call on Thursday evening, sounding somewhat strained and a bit scripted. It is a...
Real Estate

Opendoor Reports Q1 2022 Earnings

Tyler Williams -
On May 5, Opendoor, a digital platform specializing in residential real estate transactions, announced record earnings in Q1 of 2022. The company, based in...
PropTech

Rocket Mortgage to Reduce Workforce, Signaling Tougher Times Ahead for Mortgage Industry

Tyler Williams -
The country’s largest lender, Rocket Mortgage, recently announced plans to reduce its workforce. Representatives from the company decided to offer voluntary buyouts to 8%...
PropTech

Blend Labs Lays Off Significant Workforce

Rochelle Heath-Harris -
A New York-based digital mortgage lender, Blend Labs, laid off 10% of its workers due to the changing climate of the housing market, and...
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