Compass lifts agent count in Q4 but falls short of positive cash flow
The fast-growing brokerage also suffered a net loss of $83.7M in the quarter, which was an improvement compared to the loss 1 year earlier
by Jim Dalrymple II Feb 27
Gary Keller says 'right now, real estate is in a recession'
Keller Williams co-founder Gary Keller said the Federal Reserve's inflation policy will continue to haunt the real estate industry in 2024, but there's still plenty of opportunity for agents to succeed
by Marian McPherson Feb 27
Rent is falling fastest in markets that added the most new supply
Rent is now 0.7% lower for one-bedroom rentals nationwide than it was a year ago, but some markets are still seeing significant increases, new report shows
by Taylor Anderson Feb 27
Home prices hit high in December as 'solid, steady growth' wins out
Home prices rose 5.5% on an annual basis in December, up from 5% in November, according to dueling data released Tuesday by S&P Global and the Federal Housing Finance Agency
by Ben Verde Feb 27
New-home sales show promise with 1.8% annual growth
New-home sales increased 1.8% to a seasonally adjusted annual rate of 661,000. Economists say the report, alongside improved builder sentiment, shows promise for a robust spring
by Marian McPherson Feb 26
Brokerages, lenders anticipate big recruitment push in 2024: Triple-I
Approximately 28% of brokerage leaders believe 'recruiting and retaining talent' will be their most challenging responsibility 1 year from now, according to results from the Inman Intel Index survey
by Chris LeBarton Feb 26
Strong economy could lift 2024 home sales: Fannie Mae forecast
The additional boost to 2024 home sales might come at the expense of slightly slower growth next year due to elevated mortgage rates, economists at the mortgage giant said Friday
by Matt Carter Feb 23
EXp posts revenue uptick in Q4 — but not enough to turn a profit
The company best-known for its virtual brokerage brought in $983M in revenue between October and December, even as a difficult market took a toll, according to Q4 earnings released Thursday
by Jim Dalrymple II Feb 22
January existing sales offer mixed signals about market's future
Existing-home sales decreased 1.7% annually in January, according to the National Association of Realtors. However, sales did improve 3.1% from December
by Marian McPherson Feb 22
Rising mortgage rates taking a big bite out of homebuyer demand
Applications for purchase loans have dropped 4 weeks in a row, plummeting by a seasonally adjusted 10% last week, according to a survey of lenders by the Mortgage Bankers Association
by Matt Carter Feb 21
CoStar maintains winning streak and grows revenue yet again in Q4
CEO Andy Florance touted his company's residential portal Homes.com as the 'fastest growing residential property site in the United States' in a new earnings report released Tuesday
by Jim Dalrymple II Feb 20
Matterport pulled in $158M last year, up 16% despite $65.8M loss
The company said it expects to grow total revenue 19% to 22% this year as it continues its expansion as an industry leader
by Taylor Anderson Feb 20
Here's what lies ahead for the spring selling market
Trainer and author Bernice Ross talks to market expert Rick Sharga about red flags and opportunities to be found in the upcoming spring real estate market
by Bernice Ross Feb 20
4 common buyer objections and how to resolve them
When buyers express reluctance, they’re not necessarily telling you they don’t want to move forward, Luke Babich writes. Sometimes, they’re asking you to help them move forward
by Luke Babich Feb 19
Buyer agents are already cutting commissions: The Download
In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone
by Christy Murdock Feb 17
Rising rates and home prices stifle January market: Redfin
The Federal Reserve's policy shift depressed homebuyer and homeseller activity in January, according to Redfin. New and active listings both fell from December levels
by Marian McPherson Feb 16