Redfin's focus on cost-cutting begins to pay off in Q4 earnings
Seattle-based Redfin's revenue declined 2% year-over-year for Q4 and 11% year-over-year for the full year. Still, the company saw improved gross margins and net losses
by Marian McPherson Feb 27
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
Mark Willis takes aim at Anywhere in 'State of the Company' remarks
In his first Family Reunion address since returning as CEO of Keller Williams last year, Mark Willis called on agents to rise up and topple Anywhere, the world's largest real estate franchisor
by Marian McPherson Feb 27
Survey supports Realtors' claims that commissions are negotiable
Only 31% of homebuyers or sellers try to negotiate a lower commission, but 64% of those who do succeed, LendingTree survey finds. However, most don't think sellers should pay buyer's agent
by Matt Carter 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
Redfin in crosshairs as new lawsuit targets buyer-broker commissions
California resident Andrea Freedlund is suing on behalf of homesellers who paid a buyer agent in the 4 years before Redfin announced it was leaving NAR, according to a suit filed in federal court
by Andrea V. Brambila Feb 27
Star broker Jaime Richichi moves to Sotheby's International Realty
After 2 years at Compass, NYC-based real estate broker Jaime Richichi is moving to Sotheby's International Realty. Richichi has a lifetime sales volume of $100M
by Marian McPherson Feb 26
Extroverts beware: AI is giving real estate introverts the advantage
Luxury consultant Chris Pollinger helps you discover how AI is revolutionizing real estate marketing, empowering introverts to shine and reshaping professional dynamics
by Chris Pollinger 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
'Do less, more': Mark Willis shares KW's bare-bones growth strategy
Ahead of his first Family Reunion since returning to Keller Williams as CEO, Mark Willis shared his excitement with Inman — and his call for a return to the basics amid a housing market in flux
by Marian McPherson Feb 26
How to host feel-good client events that fit every budget
The beauty of events is that your options are endless for creating an inspiring, authentic and meaningful way to connect, broker Pam Blair writes
by Pam Blair Feb 24
NAR breaks silence on DOJ call to decouple commissions
Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a 'major watershed' in promoting more competition in real estate
by Andrea V. Brambila Feb 23
Commissions, objections, spring: Inman's Top 5 stories of the week
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Feb 23
10 ways to elevate your pursuit of real estate happiness
New Inman contributor Milena Monet writes that happiness is not just a destination but a continuous pursuit fueled by meaningful connections, personal growth and purposeful actions
by Milena Monet Feb 23
RE/MAX CEO Nick Bailey exits as company revenue falls again in Q4
RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president
by Taylor Anderson Feb 22
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