T
he Real Brokerage has acquired Flyhomes' AI-powered home search technology and made a strategic equity investment in the Seattle-based startup. This move marks a significant shift for Flyhomes, which will now focus on mortgage lending. The acquisition is expected to enhance Real's technology stack and simplify the home-buying process for both agents and consumers.

    Real CTO Pritesh Damani stated that the AI-driven technology will help connect the dots between agent tools, client experience, and transaction flow. The deal was funded with cash, and Real does not anticipate a material impact on its financial results. Flyhomes had previously raised around $200 million in equity funding since launching in 2016.

    The company's decision to offload its home search tech and team comes after it struggled as the market shifted. Flyhomes went through multiple rounds of layoffs amid rising interest rates and changing housing demand. Despite this, Real sees an opportunity to bolster its technology stack with the acquisition and offer more flexible mortgage products to its network of agents.

    As part of the deal, Real will also offer Flyhomes' financing solutions through its One Real Mortgage subsidiary. This move is expected to give Real's agents access to a wider range of mortgage options. The acquisition bolsters Real's position in the real estate industry as it continues to invest in AI-driven tools and simplify the home-buying process.