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.
Source: Inman News
Homeward sheds 20% of workforce amid ‘sudden and sizable’ downturn
More from all cash offerMore posts in all cash offer »
More from Banking & LendingMore posts in Banking & Lending »
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
- Stop freaking out about 50-year mortgages. They might save the housing market
- How to win more listings in a locked-in market environment
More from buy-before-you-sellMore posts in buy-before-you-sell »
- Here are the stories you missed amid the Compass coverage
- Why Flyhomes is quitting the real estate brokerage business
- With fresh capital, Knock ups the limit on its bridge loans to $1M
- Rocket rolls out bridge loan to win more business from homebuyers
- Cash offer pioneer Evergreen Home Loans expands to Southeast
More from Buyers ToolsMore posts in Buyers Tools »
More from cash offerMore posts in cash offer »
- From cash offer to collaboration: Offerpad empowers agents and sellers
- Why Flyhomes is quitting the real estate brokerage business
- Evergreen Home Loans hiring to serve 29 additional states
- Opendoor CEO Carrie Wheeler resigns under pressure from investors, co-founder
- Offerpad sees declining revenue, but trims losses during Q2
More from HomewardMore posts in Homeward »
More from Industry NewsMore posts in Industry News »
- Zillow defends private listing rule, criticizes Compass in new filing
- NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’
- Despite unease, Compass poised to retain most Anywhere agents
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Offerpad home sales, acquisitions hit new low in Q3 2025
More from knockMore posts in knock »
- Why Flyhomes is quitting the real estate brokerage business
- With fresh capital, Knock ups the limit on its bridge loans to $1M
- Rocket rolls out bridge loan to win more business from homebuyers
- Orchard blooms in 2 new markets — Nashville and Phoenix
- Tim Heyl on Homeward’s power buyer pivot in a high-rate cycle
More from layoffsMore posts in layoffs »
- Heard of a K-shaped economy? You’re living in it now
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
- Side debuts profit-sharing program, lays off staff members
- Redfin lays off nearly 100 Redfin Concierge service employees
More from lendingMore posts in lending »
More from MortgageMore posts in Mortgage »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
More from News BriefMore posts in News Brief »
- NAR scores a victory in buyer commission lawsuit
- Redfin site fluke exposed past users’ data on listing contact forms
- Brown Harris Stevens names Halstead heir as its chief strategy officer (EXCLUSIVE)
- Zillow hit with new class-action suit over alleged broker kickbacks
- Real partners with MAXA Designs on agent marketing platform
More from OrchardMore posts in Orchard »
More from power buyerMore posts in power buyer »
- Rocket rolls out bridge loan to win more business from homebuyers
- Calque unveils ‘light’ version of its ‘buy before you sell’ offering
- Calque adds 2 more lenders to growing nationwide partner roster
- Zavvie’s power buyer suite for mortgage lenders is catching on
- EasyKnock juggling lawsuits, regulators in multiple states
More from ribbonMore posts in ribbon »
- Is the ‘proptech winter’ ending? This is what investors are watching
- Orchard blooms in 2 new markets — Nashville and Phoenix
- Tim Heyl on Homeward’s power buyer pivot in a high-rate cycle
- Calque unveils ‘light’ version of its ‘buy before you sell’ offering
- Former Ribbon team launches AI-fueled home transaction platform
More from SelectMore posts in Select »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
- Where else is Zillow not enforcing its private listing ban?
More from TechnologyMore posts in Technology »
- RateMyAgent and Curated Social merge to form Renowned platform
- Zillow defends private listing rule, criticizes Compass in new filing
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Realtor.com puts ‘spotlight’ on listing agents with new feature
- Why 88% of agent conversations never make it to the CRM
More from tim heylMore posts in tim heyl »
- Is the ‘proptech winter’ ending? This is what investors are watching
- Tim Heyl on Homeward’s power buyer pivot in a high-rate cycle
- ‘Be a strategist, not a salesperson’ to win with today’s homesellers
- New bombshell lawsuit targets Texas Realtor orgs, local teams
- Homeward CEO Tim Heyl and the path forward for power buyers
Be First to Comment