UWM shares at 3-year high on prospect of refi 'mini boom'
In Q2 earnings, the nation's largest mortgage lender posted a healthy $76M profit, paid down debt and said it's in prime position to capitalize and grow as mortgage rates drop to 2024 lows
by Matt Carter Aug 6
Your biggest Inman Connect Las Vegas takeaways: Pulse
An inspiring keynote? A stellar panel? We asked what you saw, heard or read from Inman Connect Las Vegas that changed your perspective and your business. Here's what you had to say
by Inman Aug 6
Matterport revenue grows, losses improve during Q2
Total revenue grew to $42.2M during Q2 2024, up from $39.6M the previous year, as the company worked to increase its market share
Redfin sees Q2 revenue rise, while losses remain nearly flat
The company's earnings report saw revenue climb 7% to $295.2M between April and June, but it also lost $27.9M — just a hair above its Q2 2023 loss
by Jim Dalrymple II Aug 6
Travelers spent $21.2B booking through Airbnb last quarter
The leading short-term rental platform told investors that its share of revenue grew by 11% to $2.75B in Q2. Travelers made 125.1M total bookings in 3 months
by Taylor Anderson Aug 6
Investment firm loses former Trump hotel to foreclosure auction
Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375M with a $285M loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt
Florida Realtor association keys in on partnership with SentriLock
One of the nation’s top 10 largest associations has made its decision on an official lockbox by selecting SentriLock, 1 of 2 primary industry providers
by Craig C. Rowe Aug 6
Lesson Learned: Continually seek opportunities for improvement
Find out how Orlando-based Premier Sotheby's International Realty agent and Miss Florida USA, Peyton Lewis, focuses on self-awareness, growth and goals to meet challenges head on
by Dani Vanderboegh Aug 6
Is student housing the right investment strategy for you?
Thinking about student housing as a multifamily strategy? MZ Capital Partners’ Michael H. Zaransky, who wrote a book on investing in student housing, shares the pros and cons to consider
by Michael Zaransky Aug 6
Offerpad trims Q2 loss, but sales and revenue continue to slide
Shares in Offerpad hit new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in Q3
by Matt Carter Aug 5
A picture of a multi-unit building to symbolize multifamily real estate market
Concerns about fraud mean lenders who want to sell multifamily loans to the mortgage giants may be required to do more due diligence on borrowers and their properties
by Matt Carter Aug 5
Mar-a-Lago security crackdown blockades local luxury listings
Following last month's assassination attempt on former President Donald Trump, a 24/7 road closure is curbing direct access to a number of Palm Beach luxury listings
Barnes & Noble founder finds buyer for $96M Palm Beach home
Just about a month after listing the property with Leonard Moens, Leonard Riggio's 1.7-acre oceanfront estate in Palm Beach has gone under contract
Agent churn at 10% in past year as industry sees 144K moves
By its definition, real estate is a high-churn business, according to Mike DelPrete, which offers the potential for massive shifts in brokerage revenue year-to-year
by Mike DelPrete Aug 5
What's changed since NAR struck its deal: Client Pipeline Tracker
Declining mortgage rates may finally be bringing some buyers back to the table. But agents will need to see more before they change their skeptical outlook, Inman Intel Index results suggest
by Daniel Houston Aug 5