Industry News

The latest moves: Katie Scherping, Gabe Richter, Marcus Phipps, Jeryl Vallie-Cepida

Bright MLS predicts some ups and downs for 2023, including drops in prices and mortgage rates, and a return to seasonal patterns in the spring.

Residential construction has fared better than some parts of the real estate industry, with an increase in jobs year-over-year.

The government and courts are taking a hard look at how agents and brokers get paid. What are some changes that this intense scrutiny could trigger?

The latest moves: CMLS board of directors, Brent Dobsch, Dana Bina, Branden Lopez, Leo Pareja, Miguel Berger

Predictions include a healthy housing market in the Midwest, more friends and family members pooling resources to buy a house, and more first-time landlords.

The company is integrating “the best of Homes.com” with Homesnap and Citysnap, said Andy Florance, CoStar CEO and founder.

Even in the toughest market, at least four million homes get sold. Strap in for a bumpy ride while keeping yourself informed and looking for opportunities.

The company, which announced significant layoffs last month, replaced former CEO and co-founder Eric Wu with Carrie Wheeler, who joined as CFO in 2020.

Rate hikes slowed demand from a wide-open firehose to a trickle faster than the company or its algorithms could predict.

The company received notice from the NYSE that it was not in compliance because its stock price stayed below $1 for 30 trading days.

The latest moves: NAR leadership team, Andrew Kazeniac, Kalani Reelitz, Katie Smithson, Rachel Scheid, Ravi Shankar

The 2023 Swanepoel Trends Report looks at agent and broker compensation structure, which is at the center of several pending lawsuits.

Michael Altneu, vice president of Global Luxury at Coldwell Banker, said luxury housing has proven resilient in a cooling market.

In a shifting real estate environment, Doctorow says the company's mission of serving agents, brokerages and consumers remains their North Star.

Opendoor Technologies reported $211 million in third-quarter adjusted losses before EBITDA. Its net loss for the quarter was $928 million.

After a turbulent year marked by significant layoffs, Zillow is looking to “double down on the things that we believe in” and simplify the real estate journey.

Third-quarter revenue came in at $483 million, above company expectations, but CEO Rich Barton said the market is "super challenging to predict right now."

Ahead of their third-quarter earnings release, founder and CEO Eric Wu announced companywide layoffs that will cut the workforce by 18%.

As natural disasters become more costly and more frequent, climate risk is likely to have an increasing impact on homebuying decisions.