$3B in volume: World-record holder Ben Caballero sets new one
The Texas agent, who specializes in new construction and routinely tops industry lists, sold more than 6,000 homes last year, setting a new record
by Jim Dalrymple II Apr 27
It's getting harder to make money on a home sale: ATTOM
A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In Q1 2023, the profit margin on a median-priced US home was 44.2%
by Jim Dalrymple II Apr 27
Impac Mortgage kicked off of NYSE American exchange, shares plunge
Non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker
by Matt Carter Apr 27
Keller Williams scoops up high-performing Arizona indie
Chandler-based Infinity & Associates Real Estate did more than a quarter of a billion in volume in each of the last 2 years, according to Keller Williams
by Jim Dalrymple II Apr 27
Keller Williams, Rocket named best companies for diversity: Forbes
KW, Rocket and Anywhere all landed spots on Forbes' latest list of best employers for diversity. The news comes amid an ongoing push for greater diversity in real estate
by Jim Dalrymple II Apr 27
Sherry Chris, Anywhere executive and real estate titan, retires
Chris has been a leader at Anywhere for years, most recently as CEO of Anywhere Expansion Brands. She'll continue on with the firm in an advisory role, she told Inman exclusively
by Jim Dalrymple II Apr 27
CoStar Group bucks sluggish market as revenue jumps 13% in Q1
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023
by Jim Dalrymple II Apr 25
Redfin calls employees back to the office part-time: ‘No exceptions’
‘Some people will quit over this decision,’ Redfin CEO Glenn Kelman told employees on Monday in an internal memo. ‘No one can say we haven’t made it deliberately.’
by Taylor Anderson Apr 25
Meet the boomerang agents returning to their old brokerages
As the battle for agent count stalls amid a slow market, firms such as Compass are seeing former agents, lured away by promises of better tech and more opportunities, come back into the fold
by Jim Dalrymple II Apr 25
Layoffs, words, tools: Catch up on Inman's Top 5 April 14-20, 2023
Wondering what you missed? Find out with Inman's Top 5 most-read stories of the week
by Dani Vanderboegh Apr 21
Fairway loses 8 California branches to rival Guild Mortgage
The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350M in loans last year "is equal to that of a mini acquisition"
by Matt Carter Apr 20
New York brokerage owner sues predecessor for alleged fraud
Yves Jean-Baptiste bought Rapid Realty in 2018, but now says the former owner Anthony Lolli actually used the deal to pawn off a failing business
by Jim Dalrymple II Apr 20
Keller Williams launches first-ever franchise in India
Sahil Kapoor will lead the new office, which is based in Delhi. The expansion comes amid a significant international push for Keller Williams, according to the company
by Jim Dalrymple II Apr 18
opendoor
In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, mostly focused on operations roles
by Jim Dalrymple II Apr 18
Clarence Thomas failed to report property deal with Texas developer
Crow Holdings chair Harlan Crow, already under scrutiny for his role as a benefactor to the US Supreme Court Justice, reportedly bought 3 properties from Thomas, including his mom's home
by Daniel Houston Apr 14
Fathom Realty parent company borrows $3.5M from existing investor
Fathom Holdings will pay at least 8% interest on a convertible note company executives say will provide more flexibility as they seek 'cash flow profitability' by Q3
by Matt Carter Apr 14