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
In New York, open houses and cold calls are suspended. Is rent next?
Gov. Andrew Cuomo has already called for a moratorium on evictions at the epicenter of the Coronavirus pandemic. Now state and city officials are calling for a rent freeze
by Patrick Kearns Mar 23
Zillow suspends homebuying in all 24 Zillow Offers markets
Zillow CEO Rich Barton cited safety concerns and said the company plans to fully resume iBuying once health concerns pass
by Patrick Kearns Mar 23
Coronavirus clauses become ubiquitous as pandemic worsens
Two weeks ago, coronavirus addendums were a niche thing. Now, they're pretty much everywhere
by Jim Dalrymple II Mar 23
Realtor.com is cutting agents' next bill by 60%
The real estate search portal says it's still seeing significant search and lead activity on its website
by Patrick Kearns Mar 20
Compass is making its learning portal free and public
Agents, regardless of their brokerage affiliation, will be able to access Compass Academy
by Patrick Kearns Mar 20
Redfin still seeing strong demand but with fewer people in the pipeline
Redfin President of Operations Scott Nagel said he doesn't think the ongoing coronavirus outbreak will immediately drive down home prices
by Jim Dalrymple II Mar 20
RE/MAX will allow brokers to defer franchise fees in April
The company is withdrawing its Q1 and full-year 2020 guidance amid uncertainty around COVID-19
by Patrick Kearns Mar 20
The Real Word: How agents should adapt as crisis mode kicks in
Opinion
As conditions shift for markets in varying degrees, here’s how agents should evolve their businesses
by Byron Lazine Mar 20
REBNY to temporarily end 'days on market' calculation
The Real Estate Board of New York is eliminating the 'days on market' calculation for the portals that it pushes its listing feed to
by Patrick Kearns Mar 19