Pacaso plans to launch 'bespoke' co-ownership mortgage in Q4
A new $100M credit facility with Texas Capital Bank will enable vacation home loans to be originated by a 3rd party, then securitized and sold to investors in non-qualified mortgages
by Matt Carter Sep 16
If Fannie and Freddie go public, what happens to mortgage rates?
Impact on rates depends on the structure of rumored IPO. Whatever the plan, the Trump administration has stacked the boards at the mortgage giants with its supporters
by Matt Carter Aug 8
Trump bump flattens for luxury homebuyers in Silicon Valley
Bay Area luxury buyers, many of whom work in tech, don't take market fluctuations well because their wealth is generated through IPOs and stocks. If the stock market is in a tizzy, no homebuying
Keller Williams takes on major investment from CoreLogic owner
CoreLogic parent Stone Point Capital is investing in Keller Williams as part of what the firms described as a plan to accelerate growth and fuel innovation, Inman has learned exclusively
by Jim Dalrymple II Mar 3
Better shares plunge more than 90% in Nasdaq debut
In addition to going public at a bad time for mortgage lenders, Barron's reports that SPAC merger resulted in a huge increase in the number of shares outstanding
by Matt Carter Aug 24
'Substantial doubt' that WeWork can stay afloat, company says
By WeWork's own admission, it is unlikely to last much longer. In order to survive, it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital
8 big reveals from Mauricio Umansky's book 'The Dealmaker'
From helping to launch the Mexican Olympic ski team to fresh details on his split with Hilton & Hyland, Umansky tells anecdotes from his life paired with lessons that came of those experiences
by Lillian Dickerson Apr 11
Keller Williams' sales dip in US as agent count takes big leap overseas
Transaction sides fell 18.2% year over year for a total of $472.9B in sales in 2022, a 12.5% decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage
by Jim Dalrymple II Mar 13
'Profitability above growth is the priority of the moment'
At Inman Connect New York on Tuesday, a trio of finance executives seemed bearish on the state of proptech funding but bullish on its future
by Craig C. Rowe Jan 25
Compass faces first downturn amid pressure to cut costs
The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn
by Jim Dalrymple II Jan 11
Robert Reffkin gets real at Compass REtreat: 'Hope is not a strategy'
At Compass' annual REtreat in Atlanta, CEO Robert Reffkin used his keynote to give an honest and intimate review of his company's post-IPO performance and cast a vision for the future
by Marian McPherson Oct 26
Keller Williams parent company CEO Carl Liebert departs
Liebert took the reins of Keller Williams parent company kwx in 2020. Following his departure, top executives will now report directly to company co-founder Gary Keller
by Jim Dalrymple II Jun 1
Why are proptech companies flailing on the stock market?
At Inman CEO Connect on Tuesday, First American Chief Innovation Officer Paul Hurst broke down what's going on with the stock market and why SPAC mergers are so popular
by Jim Dalrymple II Apr 19
Keller Williams sees volume rise, transactions dip in Q4
The company also finished out the year with 188,121 agents across the world — though it didn't mention if or when it might go public
by Jim Dalrymple II Mar 1
What to watch as Keller Williams' Family Reunion unfolds this week
Keller Williams' annual gathering begins Sunday with a key address from Gary Keller and sessions later this week on where the housing market is heading in these unprecedented times
by Jim Dalrymple II Feb 20