Real Estate Industry Overview & Trends
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Nov. 11-17, 2022
Pareja joined eXp earlier this year as president of affiliated services. He now steps into the role of chief strategy officer
Luxury brokerage The Agency announced national partnerships Friday with CrossCountry Mortgage, Choice Home Warranty and home inspection provider Pillar to Post
After announcing new branch openings and executive hires this year, Nations Lending is seeking to grow by forming a joint venture with an Indiana brokerage that employs more than 600 agents
The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Nov. 4-10, 2022
Opinion
Byron Lazine and Nicole White discuss pet rent and Opendoor, along with 3 hot-button issues on midterm ballots this year — marijuana, gambling, and taxing the rich
The virtual tour software company posted $38M in revenue, up from $28.4M in Q2, avoiding headwinds that have ensnared others in the real estate space, according to earnings on Thursday
The mortgage tech and title provider posted a $132.7M net loss in the third quarter of 2022, with revenue falling 38% from a year ago to $55.3M, according to an earnings call Thursday
By delivering market sales data, Chime customers can make better choices about where to focus their follow-up marketing campaigns, launched directly from the resulting search function
Opinion
As Redfin winds down its operations, Opendoor and Offerpad are the last ones left for the most part — and they're both struggling. Was iBuying a flash in the pan or is everyone simply looking in the wrong direction?
The coworking space lost $568M in Q3, an improvement from the same period last year when it lost $802M, according to earnings Thursday. Its revenue hovered at $817M, a 24% lift from 2021
The layoffs are the second round of job cuts from the end-to-end platform pioneer this year. They also add to thousands of other real estate layoffs in 2022
The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400M in annual expenses by the end of the year
Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses in the event that falling home prices drive up defaults
Competition and a slowing market are making international expansions an increasingly important part of many US companies plans for growth, including eXp Realty
The real estate brokerage and tech platform is accelerating cost cutting after posting a $6M third-quarter loss, with revenue up 10.2% to $111.3M and agent count up 33% to 9,991