TechCTO gets Real about new AI tools, and risksChatGPT is not hard to add to your site. The challenge comes in doing it the right way, so you don’t hurt your brand with “hallucinations.”Stephanie Reid-SimonsMay 5, 2023
BrokeragesRedfin revenue down by nearly half, but better than expectedRedfin CEO Glenn Kelman says the company is ‘leaner, hungrier’ and ready for when the real estate market rebounds.Dave GallagherMay 4, 2023
IndustryOpendoor posts big losses but aims for positive margins by Q3The leading iBuyer lost $101 million in Q1, but that's a significant improvement over the previous quarter, and they are now "looking for stabilization."AJ LaTraceMay 4, 2023
By the NumbersMortgage rates dip slightly, but economic concerns growThe 30-year mortgage rate averaged 6.39% this week, down from 6.43%, but the decline has not spurred an increase in mortgage applications.Dave GallagherMay 4, 2023
TechTech Bytes: News from CRMLS, ShowingTime+, SentriLock, moreCRMLS partners with Local Logic; Listing Media Services expands; Restb.ai and SentriLock each add 2 partners; news from CubiCasa, TrustFunds and Reliance. Real Estate News StaffMay 4, 2023
BrokeragesAnywhere on track with cuts but still loses $138 millionThe company missed analyst expectations by $0.48 per share but achieved cost savings of $50 million while legal headwinds put pressure on the bottom line.Stephanie Reid-SimonsMay 3, 2023
IndustryZillow improved revenue, reduced losses despite annual declines The Seattle-based company beat analyst expectations for the first quarter and is entering a crucial period as it unveils new products.Dave GallagherMay 3, 2023
IndustryOfferpad slows losses after selling off 'legacy' inventoryThe company managed to cut losses by half in Q1, and CEO Brian Bair said Offerpad has a "realistic and achievable plan" to meet its goals.Cheryl Reid-SimonsMay 3, 2023
By the NumbersThe Fed sticks to its plan, bumps rate by 25 pointsAs many analysts had predicted, the Federal Reserve raised the benchmark interest rate for the 10th consecutive time since March.Dave GallagherMay 3, 2023
MLS/AssnUtah, New Mexico MLSs partner to share data and servicesMembers of UtahRealEstate.com and New Mexico MLS will be able to see listings across the coverage areas in both states.Dave GallagherMay 3, 2023
BrokeragesTop brokers talk industry’s biggest challenges — lawsuit and allIn a panel discussion, leaders of four fast-growing brokerages shared their thoughts on agent attrition, the commissions lawsuits and other hot topics.AJ LaTraceMay 3, 2023
MLS/AssnBright MLS CTO Frank Major has diedFrank Major is remembered as a “smart and kind” leader who served on the board of RESO and Byte Back, an organization working to close the digital divide.Stephanie Reid-SimonsMay 3, 2023
Brokerages'Extremely challenging' market contributed to eXp's mixed results in Q1The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count. Amie FisherMay 2, 2023
IndustryCoStar’s Andy Florance takes direct aim at ZillowThe CoStar CEO said that Homes.com’s ‘Your listing, your lead’ model is better for agents and consumers.AJ LaTraceMay 2, 2023
By the NumbersHome prices up modestly, with bigger gains in the forecastCoreLogic’s home price report for March found that prices in the U.S. increased 3.1% annually, though gains (and losses) varied across the country.Dave GallagherMay 2, 2023
BrokeragesShark Tank star’s advice for 'fellow sharks' in real estateDaymond John knocked on the right door to grow the FUBU brand and his own career, with a lot of hustle and a little help from LL Cool J.Stephanie Reid-SimonsMay 2, 2023
MLS/AssnBob Hale: 50 years at HAR, and the pursuit of greatnessDuring his five decades as a member of HAR and 35 years as president and CEO, Hale has driven innovation in his organization and the industry at large.Nicole BrodeurMay 2, 2023
IndustryMortgage fee changes raise costs for some, lower costs for othersThe new mortgage fee structure is an attempt by the FHFA to create "equitable and sustainable access to homeownership."Dave GallagherMay 1, 2023
IndustryIndustry Decoded: Billions at stake in Anti-Money Laundering effortsMoney laundering criminals have their eyes on real estate, and with that interest comes heightened scrutiny from the government, as well as heightened risk.Richard RosenblumApril 30, 2023
BrokeragesBrokerage Beat: News from Real, Christie's, Realty ONE, C21 and KWReal snags two D.C.-area teams and enters Delaware; Munich-based REIDEL joins Christie's; Realty ONE and C21 gain Chicago firms; KW recognized for diversity.Real Estate News StaffApril 29, 2023