JPAR lowers April franchise fees, hires new growth exec
The growing real estate franchisor announced a Weichert and Regus vet is joining the company as chief growth officer, showing the company is committed to growth even as the industry slows
by Patrick Kearns Mar 30
California Realtors group lays out agent aid programs
Agents and brokers can now get loans and payments akin to unemployment insurance thanks to a bill lawmakers passed last week
by Jim Dalrymple II Mar 30
Redfin is increasing agents' fixed pay during market slowdown
Redfin CEO Glenn Kelman will take no salary for the rest of 2020 to help offset some of the cost
by Patrick Kearns Mar 26
Cheesecake Factory says no to rent at 294 locations. Socialists rejoice
Thanks to pandemic-related closures, the company said it doesn't have enough to pay landlords in April. Jokes about a caramel-drizzled revolution ensued
by Jim Dalrymple II Mar 25
Major banks agree to mortgage grace period in California
Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period
by Jim Dalrymple II Mar 25
Airbnb-backed startup Lyric sacks staff, shutters locations amid virus
The boutique hotel has fired a majority of its 100-person staff and plans to close 400 units in 10 locations
by Marian McPherson Mar 25
Realogy temporarily cuts executive pay amid coronavirus slowdown
Realogy CEO Ryan Schneider is taking a 90% pay cut while his direct reports are reducing compensation by 50%
by Patrick Kearns Mar 25
StreetEasy suspends 'days on market' display
The Zillow-owned search portal is making changes to listing displays as the real estate industry slows down in New York, the epicenter of the country's coronavirus outbreak
by Patrick Kearns Mar 24
Compass is still onboarding new teams despite slowdown, layoffs
Based in New Jersey, the 15-person Oldendorp Group, which is joining Compass from Keller Williams this week, will be virtually onboarded through Enboarder
by Patrick Kearns Mar 24
Realogy is the latest to suspend iBuying
The company's RealSure program is suspending all-cash offers at this time
by Patrick Kearns Mar 24
Zillow CEO: 'There's no coronavirus playbook'
In an investors call, Rich Barton laid out plans to cut 25% of quarterly expenses by pausing hiring, cutting marketing, halting homebuying and reducing discretionary spending
by Patrick Kearns Mar 24
Coronavirus is already impacting short-term rentals
The ongoing pandemic has already slowed bookings for companies like Airbnb, and may prompt investors to shift their strategies going forward
by Jim Dalrymple II Mar 23
Compass lays off 15% of staff amid coronavirus 'economic standstill'
CEO Robert Reffkin said Monday in a letter that COVID-19 has created 'one of the most challenging and uncertain moments in our lifetimes'
by Jim Dalrymple II Mar 23
Offerpad is the latest iBuyer to pause new home purchases
Following in the footsteps of Redfin, Zillow and Opendoor, Offerpad has temporarily stopped making offers on homes due to safety concerns, effectively putting an end to the purchasing side of nearly all iBuyers nationwide for the foreseeable future
by Patrick Kearns Mar 23
Foreign real estate 'ground to a halt' amid virus outbreak: DelPrete
Analyst Mike DelPrete said in the latest episode of the Daily Dispatch podcast that the data indicates 'there's going to be a very dramatic drop off in real estate volumes'
by Jim Dalrymple II Mar 23
'Congress, help home service workers': ANGI Homeservices CEO
ANGI Homeservices CEO Brandon Ridenour asked Congress on Monday to deem home service professionals as "essential workers" during COVID-19 pandemic.
by Marian McPherson Mar 23