Move Inc. sees 13% revenue decline as Realtor.com traffic improves
The Realtor.com parent company saw revenue decline 13% to $127M in the fiscal 2nd quarter. Mobile and website annual traffic growth remained flat, improving from Q1's 12% loss
by Marian McPherson Feb 12
Anywhere expands board with investment firm leader Joseph Lenz
Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere's board this week after the franchising giant added a seat
by Jim Dalrymple II Feb 9
Top NYC team leaves Compass for new Side venture
As the Belisario Cruz Reyn Team, the group was 4th overall on the list of New York’s real estate teams with over 20 agents, with $155M in sales volume
by Taylor Anderson Feb 9
NYC real estate news site Brick Underground to close unless sold
The site started as an objective resource for renters and buyers moving to or living in New York City. Staff holds out hope for a sale this month
by Taylor Anderson Feb 8
Flagstar mortgages could help NYCB shore up its balance sheet
Troubled New York Community Bancorp is reportedly ready to pledge about $5B in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital
by Matt Carter Feb 8
Nir Meir charged with larceny alongside HFZ, Omnibuild execs
HFZ, Meir and executives from both HFZ and Omnibuild allegedly defrauded subcontractors, investors and the City of New York
by Ben Verde Feb 8
Homebuyer purchase loan demand falls again as mortgage rates firm
After picking up during the first 3 weeks of January, MBA lender surveys show applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs
by Matt Carter Feb 7
70 public housing employees charged with bribery in New York
The charges amount to the largest number of federal bribery charges ever filed on a single day, according to the Department of Justice
by Ben Verde Feb 6
Full-floor unit at Aman New York sells for $61.58M
The 6,300-square-foot unit was purchased by Hong Kong-based private equity exec Terence Chan, and initially asked more than $70M. Tal Alexander of Official repped the buyer
Stars align for Fathom to outsource data services to Constellation1
The data partnership will spread across the NASDAQ-traded company’s operations, which includes services in mortgage, title, insurance and data aggregation, and transaction software
by Craig C. Rowe Feb 6
Corcoran reels back Marcus-Wells Team, more agents from Compass
In the ongoing tug-of-war for top agents, Corcoran Group has wrestled back 8 boomerang agents from Compass and recruited an additional 8 Compass agents to the New York City-based brand
Investment sales dropped 45% in Manhattan last year
Investor sales in Manhattan had their worst year in the past decade during 2023, if 2020 is excluded, according to a report from Ariel Property Advisors
by Ben Verde Feb 5
A recovery in new listings is easy to miss — but it may be underway
Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process
by Daniel Houston Feb 5
New York-based David Rosen and team join SERHANT.
Rosen's team includes 7 additional real estate agents and one administrator, according to an announcement. Their move to SERHANT. comes as brokerages battle over top talent
by Jim Dalrymple II Feb 2
Home price growth accelerated in November alongside high rates
Home prices increased 5.1% between November 2022 and November 2023, despite falling 0.2% month over month from October
by Ben Verde Jan 30