Soaring spring home prices are very real — and widespread: NAR
For now, a seasonal surge in home activity has arrested falling prices in most US markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors
by Daniel Houston May 9
WeWork takes bite out of losses as debt overhaul starts to pay off in Q1
The coworking behemoth posted a net loss of $299M in the first quarter, a $205M improvement from a year earlier, according to Q1 earnings data released Tuesday morning
by Ben Verde May 9
Opendoor CEO Carrie Wheeler on Q1 earnings and the iBuyer's future
The chief executive of the largest iBuyer spoke to Inman about Opendoor's first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022
by Jim Dalrymple II May 5
What layoffs? Most of real estate industry is ramping up, data shows
Employers posted another hot hiring month as the spring housing market picked up, exceeding strong overall numbers, according to data released Friday by the US Bureau of Labor Statistics
by Daniel Houston May 5
RE/MAX revenue, US agent count, continue to drop in Q1
Total revenue dropped 6.2% year over year and US agent count fell 5.4%, according to earnings data released Thursday as the real estate brokerage continues to wrestle with a shifting market
Opendoor avoids epic 2022 losses in Q1, but revenue remains down
The iBuying giant saw revenue dip 39% year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022
by Jim Dalrymple II May 4
Ongoing doubts about soundness of regional banks rattle investors
Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon Corp. announce they're pulling out of a merger
by Matt Carter May 4
7 ways another recession will shape a generation of real estate agents
This is the season where the strong will get stronger. Do the work and you will be one of the ones who comes out stronger on the other side
by Jimmy Burgess May 4
Value of promoting sustainability in listings keeps falling, Realtors say
An Inman analysis of NAR data on residential sustainability over the past 7 years reveals that fewer agents and brokers believe touting energy efficiency in listings elicits meaningful results
Fed signals it may be done raising rates, but Powell won't talk pivot
Bank failures and potential debt ceiling showdown are wildcards for Federal Reserve policymakers weighing their next move as threat of recession looms
by Matt Carter May 3
Anywhere shares seesaw after company reports $138M loss in Q1
The brokerage giant spooked investors with its latest earnings report, in which 1st-quarter revenues were down 31% year over year
by Daniel Houston May 3
Offerpad narrows losses despite another quarter of falling revenue
Following a dramatic fourth quarter in which the iBuyer posted losses of $121.1M, Offerpad improved its net loss by 51% to $59.4M in Q1 as it continued to struggle to adapt to a shifting market
Zillow begins 'critical' year with mounting losses, falling Q1 revenue
Zillow brought in $469M in revenue, according to an earnings call Wednesday, falling 13% from the $536M it brought in a year earlier during a period that preceded the rate hikes and sluggish sales
by Jim Dalrymple II May 3
Tenants rage as board votes to hike rent on millions of New Yorkers
Following an emotional hearing disrupted by protestors, a preliminary vote Tuesday by the Rent Guidelines Board set the stage for increases of up to 5% for 1-year leases, and 7% for 2-year leases
by Ben Verde May 3
Austin Board of Realtors taps Clare Losey as first housing economist
Bringing on Dr. Clare Losey will allow ABoR to produce ongoing reports on all aspects of the Central Texas economy for its 20,000-plus members, their clients, and local policymakers
How union strikes like the Writers Guild of America impact real estate
From negative effects on the supply chain to confidence in the market, major union strikes like the WGA walkout and others before it can have a palpable impact on the real estate industry