The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide
by Matt Carter Oct 7
Shares in Opendoor, Offerpad and Redfin all just hit all-time low prices. The milestones come after months of declines for companies across the real estate space
by Jim Dalrymple II Oct 7
Tour requests to Redfin agents fell 7% and mortgage applications declined 13% during the week ending Oct. 1. 'Mortgage rates well over 6% are spooking homebuyers,' Redfin says
by Ben Verde Oct 7
Real estate hiring bucked seasonal expectations for September, reflecting steady payrolls despite a weakening sales environment, according to new data from the US Bureau of Labor Statistics
by Daniel Houston Oct 7
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Sept. 30 - Oct. 6, 2022
by Dani Vanderboegh Oct 7
From dealing with co-op boards to fixing building code violations, these are the unique challenges luxury real estate agents say frequently arise during a high-end penthouse transaction
Opinion
Like the rise and fall of Peloton, which announced 500 layoffs Thursday, America's geographic reshuffling has ended with high interest rates further squelching demand, Brad Inman writes
by Brad Inman Oct 7
A year after announcing it would abandon its iBuyer program, Zillow has offloaded the last of the homes it bought with Zillow Offers, marking the end of a major chapter in real estate history
by Jim Dalrymple II Oct 7
Heatherwood received tax exemptions on 2 of their rental properties in Queens and Brooklyn, but failed to pay the buildings' service employees wages and benefits for over 2 years
Some cities have seen work-from-home policies persist well beyond the pandemic's first year. See the places most transformed by remote work, according to the Economic Innovation Group
by Daniel Houston Oct 7
Calling it a 'kickback scheme,' HomeOpenly owner Dmitry Shkipin told the FHFA to ban referral fees charged by online brokerages — including Zillow — that don't actually buy and sell property
Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where 1 home trades hands briskly while a similar property nearby languishes
You may not have gotten into real estate because of a love of writing but that doesn't mean you can't learn to express yourself with skill and confidence
by Christy Murdock Oct 7