Rocket seeing 'awesome early data' from Redfin acquisition
CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to 'cross pollination' of leads, agent referrals and mortgage applications
by Matt Carter Jul 31
Zillow CEO Jeremy Wacksman CoStar CEO Andy Florance
Costar, parent company of Homes.com, says Zillow is displaying thousands of images that are CoStar property — an act described in the complaint as 'willful, mass infringement'
RE/MAX stays profitable as US agent count, revenue decline
The franchisor's total agent count grew 2.5% from a year ago, to 147,073. But a growing proportion of those agents work outside of RE/MAX's main markets, the US and Canada
by Matt Carter Jul 29
RealPage acquires Rexera to serve condo lenders and title agents
A 2024 Inman AI Award winner, Rexera's AI agents automate workflows on condo sales by obtaining HOA documents and public records, extracting data and flagging potential issues
by Matt Carter Jul 29
justice statue superimposed over courthouse columns
The Alliance is seeking 6 figures in damages from Ryan Weyandt, who resigned as CEO last year. Weyandt is also facing felony charges for alleged possession of explicit content of minors
by Marian McPherson Jul 28
Luxury brokerage Douglas Elliman is now in the mortgage business
Mortgage broker Elliman Capital, a 'strategic alliance' with Associated Mortgage Bankers Inc., will offer traditional and specialty loan products 'from multiple national and regional lenders'
by Matt Carter Jul 22
IBuyer shares are soaring as investors continue buying frenzy
Both of the money-losing iBuyers had been warned they could face delisting, but investors have taken a fancy to the companies — which have both posted triple-digit gains in July
by Matt Carter Jul 21
Meme stock rally? Short squeeze? This iBuyer's share price is soaring
Opendoor, which posted a $392M 2024 net loss and faced delisting from the Nasdaq Stock Market, has seen shares surge 283% in the last month
by Matt Carter Jul 18
'Small acts of kindness' abound in Texas Hill Country flood aftermath
A flash flood devastated Texas's Hill Country over the 4th of July weekend, killing more than 100 residents. Real estate professionals have stepped in to help
by Marian McPherson Jul 9
Rocket offers preferred mortgage pricing for Redfin-linked deals
With closure of merger, homebuyers get temporary rate buydown or up to $6K in lender credits from Rocket Mortgage when the buyer or seller is represented by a Redfin agent
by Matt Carter Jul 1
Rocket reorganizes to close Redfin acquisition, Mr. Cooper on deck
By handling every aspect of homebuying and selling, from search to financing to title and closing, Rocket aims to cut transaction costs on the median priced home in half, from $40k to $20k
by Matt Carter Jun 30
Orlando Realtors and Supra settle case alleging member poaching
The Orlando Regional Realtor Association (ORRA) and the parent company of the lockbox firm informed the court they had agreed to terms
by Andrea V. Brambila Jun 26
Sanford fires back at Compass, argues against 'walled gardens'
EXp founder Glenn Sanford took a swing at Compass 2 days after his company was mentioned in a Compass lawsuit against Zillow — a lawsuit focused on one of the industry's most divisive topics
by Taylor Anderson Jun 26
Court gives 15 commission deals final approval in minutes-long hearings
In less than half an hour total, Judge Stephen R. Bough signed off on settlements in the Gibson and Keel antitrust cases
by Andrea V. Brambila Jun 24
Pulte wages war on Fed Chair Jerome Powell, blaming him for high home prices
The chair of the Federal Housing Finance Agency, Fannie and Freddie has spent the past day calling on Powell to step down, saying he’s responsible for high home prices
by Taylor Anderson Jun 20
Keller Williams launches master franchise in North Macedonia
The company now has 18 master franchises in Europe and is actively looking for new expansion opportunities across most of the inhabited world, according to an announcement on Tuesday
by Jim Dalrymple II Jun 17