BrokeragesRedfin: Revenue is up, Kelman is bullish despite lossesEven as net losses increase, Redfin’s CEO says the company is in a good place: “When you give people a better deal, they actually beat a path to your door.”Dave GallagherMay 7, 2024
By the Numbers10% mortgage rates? Consumers think we’re headed that wayIn a recent survey by the New York Fed, consumers said they expect rates to hit 8.7% in a year and 9.7% in three years.Dave GallagherMay 7, 2024
BrokeragesReal Brokerage revenue up 86% as agent count soarsThe company remains on a rapid-growth trajectory, but net losses also increased this quarter, largely due to a recent commissions lawsuit settlement.AJ LaTraceMay 7, 2024
IndustryWarren Buffett: Real estate is ‘fundamental’The Berkshire Hathaway CEO, along with Vice Chair Greg Abel, spoke about the HomeServices settlement and more during the company's annual shareholder meeting.Robert DavisMay 6, 2024
IndustryFlorida law puts agents at risk, housing groups sayFair housing advocates and AREAA filed a suit claiming a law prohibiting property sales to certain non-U.S. citizens puts agents in an untenable position.Cheryl Reid-SimonsMay 6, 2024
BrokeragesRedfin to pay $9.25 million to settle commissions casesThe company is the 10th brokerage to agree to pay into a settlement fund, which is approaching $1 billion.Dave GallagherMay 6, 2024
Paid ContentHow a global referral network can drive local business for real estate prosTwo agents share why aligning with a real estate brand recognized around the world, like RE/MAX, can open vast new possibilities for business.Sponsored by RE/MAX
AgentsAgents Decoded: Want to prove your value? Bone up on assumable mortgagesMortgage assumptions aren’t new, but they’re about to get a lot more popular because the math works for both sides of the closing table.J. Philip FarandaMay 6, 2024
Brokerages‘Standing still is not enough’ says Anywhere’s Sue YannacconeYou may not have every answer — and legal threats still loom — but you must keep moving forward with consumers in mind, the industry leader advised her peers.Stephanie Reid-SimonsMay 5, 2024
TechTech Bytes: News from Remine, CubiCasa, Supra, Lone Wolf, moreNew CEO at Remine; CubiCasa adds products; Supra unveils new platform; NNRMLS teams with Lone Wolf; Listing Showcase expands; news from Cloze, Lundy, Vestaplus.Real Estate News StaffMay 4, 2024
IndustryYour guide to the latestKeep track of all the cases and their status with our handy lawsuit cheat sheet.
BrokeragesBrokerage Beat: News from E&V, Corcoran, Side, Real, moreE&V opens in Mexico City; Corcoran gains 3 NFL pros; Side adds teams; largest woman-owned firm joins Real; William Raveis acquires S.C. indie; eXp Canada grows.Real Estate News StaffMay 4, 2024
TechCoStar CEO on Matterport deal: Virtual tours, real advantageAndy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.AJ LaTraceMay 4, 2024
IndustryNAR clarifies new rules for MLSs, agents — and extends deadlineThe organization has revised its MLS handbook and beefed up its FAQ to help explain what’s changing, while giving NAR members until Aug. 17 to comply.Dave GallagherMay 3, 2024
IndustryOpendoor beats forecasts, ramps up home purchasesEven as revenue fell sharply year-over-year, the iBuyer sees an opportunity to “shape the future of real estate” by giving consumers more options.Cheryl Reid-SimonsMay 2, 2024
BrokeragesRE/MAX sees dip in revenue, agents in first quarterFollowing a series of leadership changes, the company is focusing on cutting expenses as it navigates the tough real estate market.Dave GallagherMay 2, 2024
By the NumbersMortgage rates keep climbing. Will buyers give up?Rates are likely to stay higher for longer, but as inventory builds, pent-up demand and more home choices could entice buyers — if they can afford it.Dave GallagherMay 2, 2024
IndustryNegotiation will be the most essential skill for buyer agentsOnce new rules go into effect — between July and September — agents will need to embrace “the new regime” to avoid liability, and to ensure they get paid. Dave GallagherMay 2, 2024
BrokerageseXp hopes to stem agent losses with rev share updatesDuring an earnings call, Glenn Sanford said he wants to help agents “in the middle,” while noting that revenue was up and touching on the commissions lawsuits.Dave GallagherMay 1, 2024
IndustryZillow revenue up thanks to big gains in rentals and mortgagesThe company reported better-than-expected revenue of $529 million in Q1 — a 13% improvement from a year ago — and hinted at further monetizing its audience. AJ LaTraceMay 1, 2024
TechLeveraging real estate tech to boost profitsThe Tech 200 highlights a range of products from 138 companies, with a focus on increasing productivity — and revenue — in a tight market.Robert DavisMay 1, 2024