Real Estate Industry Overview & Trends
Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20M in a Series B funding round, bringing its total investment to $130M, company executives announced Tuesday
The trade group wants to replace the polarizing National Association of Realtors rule with what it's calling a 'Clear Collaboration Policy,' which it says would be more flexible than the status quo
The co-founder of the American Real Estate Association, a competitor to NAR, told Inman his upstart trade organization has held 2 recent events and started talks with potential sponsors
$24B in 2024 mortgage production represents Guild's biggest year since the pandemic-fueled refinancing boom, helping the San Diego-based lender bounce back from $39M 2023 loss
Guaranteed Rate Inc.'s retail mortgage operations named Shant Banosian as president on Wednesday as joint ventures with Compass and Anywhere Real Estate strove to generate profits
Two Denver-based real estate teams The New Door Group and The Ceretto Group, are making a strategic move from Compass to Coldwell Banker, the brokerage announced Tuesday
Houston-based Nations Reliable Lending, which does business as NRL Mortgage, sponsors 44 mortgage loan originators working out of 27 branch locations in 10 states
President Donald Trump on Saturday signed an order aimed at increasing US timber production and launched an investigation into the risks that foreign lumber imports pose to national security
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
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
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
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
$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%
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
'His ability to identify and implement technology fills an immediate need in proptech right now': Maverix founder Jeff Kennedy on Kevin Van Eck
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
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