Redfin sees losses soar in Q3 as it winds down iBuying program
The company earned $600.5M in revenue during the third quarter, but also lost $90.2M — up from a loss of just $18.9M in the third quarter of 2021 — amid a worsening housing market
by Jim Dalrymple II Nov 9
The Agency welcomes new franchise in Big Sky Country
The office in Bozeman marks The Agency's first foray in the state of Montana. Managing Partner Joy Vance who specializes in diverse luxury properties will lead the new office
Flyhomes lays off workers amid 'housing recession'
The layoffs are the second round of job cuts from the end-to-end platform pioneer this year. They also add to thousands of other real estate layoffs in 2022
by Jim Dalrymple II Nov 9
A misty forest
North Carolina regulators are investigating alleged predatory and deceptive practices by Florida-based MV Realty, which operates in 33 states and has more than 500 licensed agents
Redfin shuts down iBuyer Redfin Now while slashing 13% of workforce
As many as 264 employees impacted by the cuts were from Redfin Now, the company's iBuying division, while an additional 218 jobs from other departments are also being eliminated
by Ben Verde Nov 9
Venture Sotheby's spreads Hawaiian presence to Mauna Kea Resort
The new offices located in the historic resort will build on the brand's existing presence on Hawaii Island in Keauhou, Waimea and Hilo
Recruiting season is afoot. 10 brokerage red flags to watch
Finding the right brokerage is essential to growing your real estate business. Watch for these warning signs that indicate it's a bad fit for you
by Chris Heller Nov 8
EXp Realty expands into Poland amid international push
Competition and a slowing market are making international expansions an increasingly important part of many US companies plans for growth, including eXp Realty
by Jim Dalrymple II Nov 8
'Affordable housing makes good business sense': EXIT co-chair
Opinion
Homeownership plays an outsized role in wealth building, but a lack of affordable housing is keeping it out of reach for too many Americans. That's bad for business
by Tami Bonnell Nov 8
Fathom raises transaction fees, boosts incentives amid Q3 loss
The real estate brokerage and tech platform is accelerating cost cutting after posting a $6M third-quarter loss, with revenue up 10.2% to $111.3M and agent count up 33% to 9,991
by Matt Carter Nov 7
The Real Brokerage picks up 90 agents with Redline acquisition
Publicly traded real estate company The Real Brokerage has expanded its footprint in Canada with the acquisition of the 90-agent Redline Real Estate Group
by Craig C. Rowe Nov 7
Redfin called 'fundamentally flawed' by analyst amid stock market havoc
Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry
by Jim Dalrymple II Nov 7
Abuzz, then a bust: What happened with all that big 'platform' chatter?
Opinion
Real estate platforms were a hot topic a few years ago, but for even some of the biggest companies, sprawling enterprise has been the quickest way to failure, Inman founder Brad Inman writes
by Brad Inman Nov 7
Opendoor is where Zillow Offers was a year ago: Mike DelPrete
A year ago, Zillow Offers was in a similar position to where Opendoor now finds itself, and Zillow shut down its iBuying operations. Here's why the path forward might be different this time
by Mike DelPrete Nov 7
Outgrown your brokerage? How to figure out your next move
Does your current brokerage still give you the value you need to succeed at a higher level? If not, you need to evaluate and determine whether it's time to make a move
by Missy Yost Nov 7