Opendoor lays off 550 workers
Ahead of their third-quarter earnings release, founder and CEO Eric Wu announced companywide layoffs that will cut the workforce by 18%.
November 2, 2022
Industry News
The trends, shifts and services affecting the industry as a whole.
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- With extreme weather on the minds of buyers, where are the climate havens?As natural disasters become more costly and more frequent, climate risk is likely to have an increasing impact on homebuying decisions.Updated November 2, 2022
- People on the move: Promotions, appointments and new hiresSee who’s taking on new executive leadership roles across the real estate industry.October 26, 2022
- Zillow announces another round of layoffsThe most recent Zillow layoffs come just ahead of the company's Q3 earnings release.October 26, 2022
- CoStar reports a double-digit revenue increase for the third quarterApartments.com led CoStar’s earnings during a challenging quarter for the real estate industry.October 25, 2022
- Trimming workforces, rethinking strategies: Layoffs in 2022Many companies across the real estate spectrum have announced layoffs this year, citing the slowing housing market and high interest rates.Updated February 17, 2023
- NAR economist offers insights on storm-hit communitiesNAR's chief economist said there always is a recovery period after a hurricane or other natural disaster, but affected areas should bounce back within 2 years.October 21, 2022
- Home builders pivot to smaller cities, citing buyer demand and lower costsThe pandemic migration may have slowed, but prospective buyers are still looking beyond major metros for new, more affordable homes in less populated areas.October 6, 2022
