Layoffs are rising across industries, but they are below last year’s totals
Inman has exclusively learned that 6 weeks after the companies merged into a mega-brokerage, layoffs began taking place last week and continued this week
The company has vowed to slash over 35% of its spending on Homes.com after years of attempting to build a 4th major real estate listings search portal
Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60K jobs a month
Economists say we're living in a K-shaped economy right now. Here's what that means for you, and for the real estate market
Ally, which originated $1B in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees and exiting the mortgage business
A majority of the 1,200 Flagstar employees being let go in $1.4B sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper
PartnerUp Revenue Share will give agents a cut of Side's profit if they refer and mentor other agents. The program was one of several announcements the company made Monday
Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services
The iBuyer declined to confirm how many employees have been let go. Recent SEC filings show widespread cuts compared to a year earlier
Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall
After cutting nearly 500 jobs following Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida
Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in weekly jobless claims to 242K workers, highest level since August 2023
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4B in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending
After 3 years as president of Keller Williams, Marc King has stepped down from his post. CEO Mark Willis will take over King's responsibilities