Christie's International Real Estate enters Aruba with new affiliate
Bold Properties Aruba, based in the island's capital of Oranjestad, is now part of the luxury brand's Caribbean network, the brokerage said. The firm is led by Aileen Kelly and Jenniffer Figaroa
NYC tops list of most expensive rental markets, ousting San Jose
New York City topped San Jose as the most expensive rental market in the country, the first time the Big Apple has topped the list since Zillow began tracking the data in 2015
by Taylor Anderson Aug 8
Compass drives down losses, lifts agent count amid Q2 revenue slide
Compass' 2Q revenue dropped 26% year over year to $1.5B, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses
by Marian McPherson Aug 7
Brad Inman: There's opportunity in the international market
Inman kicked off Inman Luxury Connect Monday with an anecdote about buying a house in Paris, and advice for luxury brokers
by Jim Dalrymple II Aug 7
Pearl Certification ups resources to match 'energy-efficient' priorities
The company intends to prepare agents and homeowners for the 'millions of new high-performing homes improved through the Inflation Reduction Act (IRA),' according to an announcement
by Craig C. Rowe Aug 4
What down market? Payrolls are just fine in the brokerage world
Home transactions may be down, but you wouldn't know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the US Bureau of Labor Statistics
by Daniel Houston Aug 4
To win this summer, homebuyers in California are turning every stone
With some of the highest home prices in the nation, California buyers and sellers are having an abnormally difficult time managing higher mortgage rates, agents in the Golden State told Inman
by Marian McPherson Aug 4
Did the US dodge a recession? As outlook softens, analysts reassess
A rising tide of economists are backing away from early forecasts that the US is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead
by Taylor Anderson Aug 4
How a controversial TikTok spurred investor pushback: The Download
This week: When a TikToker claimed that 'an entire neighborhood' was up for sale, the portfolio listing sparked a debate over displacement and institutional investment
by Christy Murdock Aug 4
Opendoor rebounds with profitable Q2 despite steep revenue decline
The iBuyer sold fewer homes and brought in less cash than it did during the same period in 2022, but it still managed to land in the black to the tune of $23M, according to Q2 earnings on Thursday
by Jim Dalrymple II Aug 3
Airbnb profit jumps 72% as more homes are rented out short term
Revenue for the company grew to $2.5B in Q2 buoyed by a growth in demand that was surpassed by a growth in supply, according to an earnings report released on Thursday
by Taylor Anderson Aug 3
Will Zillow's Listing Showcase jolt agents with pay-per-listing pivot?
Zillow's new product represents a new business model — from pay-per-lead to pay-per-listing — that mirrors the way profitable international peers monetize their market-leading positions
by Mike DelPrete Aug 3
RE/MAX revenue, US agent count continue decline in second quarter
While the brokerage's overall head count rose modestly to 144,510 agents in the second quarter, its agent count declined in the US by 6.3%, to 56,987, according to a Q2 earnings call Wednesday
Purchase loan demand off for 3rd week as mortgage rates climb
Mortgage rates could come under more pressure as Fitch Ratings downgrades US debt over concerns about rising deficits and ongoing debt ceiling showdowns
by Matt Carter Aug 2
Zillow sees losses rise in Q2 thanks to 'tough' market
The company lost $38M between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as 'crucial,' in a newly published earnings report
by Jim Dalrymple II Aug 2
Lamacchia Realty expands with acquisitions across Massachusetts
In the last month, the East Coast-based brokerage has made 2 strategic acquisitions as the company works to bolster its presence in southeastern Massachusetts and Rhode Island