Keller Williams takes on major investment from CoreLogic owner
CoreLogic parent Stone Point Capital is investing in Keller Williams as part of what the firms described as a plan to accelerate growth and fuel innovation, Inman has learned exclusively
by Jim Dalrymple II Mar 3
Rocket's $649M Q4 profit puts the company in the black for 2024
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29%, to $101.2B. Higher profit margins on those loans helped boost net revenue by 34%, to $5.1B
by Matt Carter Feb 28
Mat Ishbia
In a year when home sales hit a 3-decade low, the nation's biggest mortgage lender racked up a $329M profit and made $96.1B in loans to homebuyers -- the company's best year ever
by Matt Carter Feb 26
Pacaso, The Agency partner on co-ownership sales
The 2 companies will also expand listing availability in number of luxury markets, such as La Jolla, Miami, Vail, London and Napa, among other domestic and international destinations
by Craig C. Rowe Feb 25
Offerpad losses mount as iBuyer acquires and sells fewer homes
$17.3M Q4 2024 net loss is a 28% increase from the previous quarter, as homes acquired dipped 9% to 384, and homes sold fell 18% to 503. Profits on each sale were also down 24%
by Matt Carter Feb 24
Former Anywhere owner Apollo buys Utah investment company
Apollo Global Management is buying Bridge Investment Group. Apollo is best-known in the residential real estate world for buying Anywhere, back when it was known as Realogy
by Jim Dalrymple II Feb 24
Kevin Van Eck now principal at startup advisory Maverix
'His ability to identify and implement technology fills an immediate need in proptech right now': Maverix founder Jeff Kennedy on Kevin Van Eck
by Craig C. Rowe Feb 24
NAR, Phoenix Realtors settle fight over MLS Choice
The Arizona association will withdraw MLS Choice, but will still offer some resources to people holding real estate licenses who are not members of NAR
by Jim Dalrymple II Feb 20
Compass snaps up major Washington DC luxury brokerage
Washington Fine Properties operates in Washington DC, Maryland and Virginia and has about 150 agents. The company's leadership team will remain in place after joining Compass
by Jim Dalrymple II Feb 20
Engel & Völkers expands into Pikes Peak in northern Colorado
Engel & Völkers Pikes Peak, led by license partner Travis Turner, brings together a team of 33 real estate advisors and five managing brokers who specialize in luxury real estate
by Richelle Hammiel Feb 19
Reffkin knocks NAR, says rules 'prop up' inexperienced agents
The Compass CEO said that NAR's rules have held back top agents and brokerages. But Robert Reffkin also believes that as those rules end, big brokerages like his will pull further ahead
by Jim Dalrymple II Feb 19
Zillow CEO lauds remote work as portal continues to slash space
The company’s 2024 10-K filing revealed it expects its leasing costs to drop by about $16M over the next 4 years and anticipates earning $26M in sublease income during the same period
by Marian McPherson Feb 13
Windermere reinforces DEI pledge with appointment of new director
Brooks Glenn will serve as the Seattle-based brokerage's diversity, equity and inclusion director. President OB Jacobi said Windermere 'feels strongly' that now is the time to bolster DEI efforts
by Marian McPherson Feb 12
NCino acquires integration partner Sandbox Banking for $52.5M
In a flurry of activity, the cloud banking solutions provider appointed Sean Desmond as CEO while granting a big shareholder, HMI Capital Management, a seat on its expanded board of directors
by Matt Carter Feb 12
Investor who worked with Fox & Friends host sentenced for fraud
Bert Whalen was ordered to serve over 3 years in prison for his role in a scheme to sell hundreds of dilapidated homes to rookie investors, working at times with a former host of Fox & Friends
by Taylor Anderson Feb 12
Steel and aluminum are President Trump's latest tariff targets
Homebuilders already sounding the alarm on the potential impact on housing costs if Trump follows through on threats to impose duties on Canadian wood and Mexican gypsum
by Matt Carter Feb 10