WATCH: Marc King and Nick Bailey trade jokes at Connect Las Vegas
RE/MAX CEO Nick Bailey and Keller Williams President Marc King, 2 of real estate's highest profile leaders, teased each other on stage, then counseled agents to focus on fundamentals
by Jim Dalrymple II Aug 8
Homebuyer activity shows pulse as mortgage rates dip below 5%
Redfin's Homebuyer Demand Index rose 7 points during the last week of July, while mortgage purchase applications rose for the first time in 5 weeks, according to new data released Monday
by Ben Verde Aug 8
The Agency taps former Compass exec as Los Gatos managing director
Jeff Barnett brings 30 years of real estate experience to his new role as managing director in Los Gatos, California, most recently serving as vice president and managing director at Compass
by Ben Verde Aug 8
Opendoor is in $62M worth of legal trouble: The Real Word
Opinion
This week, Byron Lazine discusses Opendoor's recent $62M settlement of its legal troubles with the FTC plus a flawed study of days on market
by Byron Lazine Aug 8
In earnings twist, most real estate companies avoided the worst in Q2
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin
by Jim Dalrymple II Aug 8
Industry warned to prepare for $40B hit on commissions
Buyer's agents, and the ecosystem of companies that provide services to them, would bear the brunt of legal challenges to the traditional commission structure, Brian Boero said at Inman Connect
by Matt Carter Aug 5
Douglas Elliman revenue declines in the face of luxury housing shortage
Douglas Elliman's revenue declined in Q2 as the housing market — particularly the luxury sector — struggled with slower activity, the company said in its 3rd earnings report as a public company
Looking to acquire a brokerage? Don't ask 'Are you for sale?'
Scott Wright of Real Trends Consulting told an audience at Inman Connect Las Vegas on Thursday that acquiring a brokerage is a lot like recruiting agents
RE/MAX grows in Q2 despite downgrading 2022 housing outlook
The real estate franchise giant posted higher revenues and expanded profits even as the company downgraded expectations amid a slowing market, according to an earnings report Thursday
by Daniel Houston Aug 4
Fathom Holdings doubles revenue in Q2 as mortgage business struggles
The brokerage's revenue grew 52 percent annually in the second quarter, reaching $128.2 million, up from $84.2 million last year, according to an earnings on Thursday.
by Daniel Houston AND Ben Verde Aug 4
Redfin's profits decline in Q2 despite uptick in revenue
Redfin reported $606.9M in second-quarter revenue, a 29% increase compared to the second quarter of 2021, in an earnings report released Thursday afternoon following the close of markets
by Daniel Houston AND Ben Verde Aug 4
Keller Williams Q2 revenue rises 1% to $146.8B amid inventory woes
Market headwinds clobbered Keller Williams transaction volume for the third consecutive quarter, according to earnings Thursday. However, sales volume and agent count was steady
by Marian McPherson Aug 4
Laying off brokerage staff amid a downturn? Think twice
There are ways that brokerages can cut costs during a market slowdown without risking its agent morale, according to brokers at Inman Connect Las Vegas on Thursday
by Daniel Houston Aug 4
Virtual brokerage Radius launches mortgage arm in California
The company's move into mortgage lending comes on the heels of a $14M Series A round led by Trulia co-founder Pete Flint's NFX Ventures
by Matt Carter Aug 4
Keller Williams President: Real estate has become consumer centric
Alongside RE/MAX President and CEO Nick Bailey, Keller Williams President Marc King also hinted Thursday at Connect that KW may not be in a rush to begin selling shares to the public
by Jim Dalrymple II Aug 4