Better news for buyers, more commission scrutiny: Inman Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Dec 8
Redfin rolls out AI-enhanced digital self-staging tool for homebuyers
In partnership with Roomvo, the brokerage and search portal's new Redfin Redesign tool grants homebuyers the ability to alter room finishes while alerting agents to a buyer's growing interest
by Craig C. Rowe Dec 8
Buyers' market to usher in 'season of hope' in 2024, Redfin projects
Falling home prices and mortgage rates are on tap for buyers and sellers — not to mention a presidential election that could hinge on housing issues, according to Redfin's outlook for 2024
by Ben Verde Dec 5
Abandoning NAR won't help us reclaim our legacy and lead change
Opinion
Agents industrywide are tempted to give NAR the cold shoulder, but coach Darryl Davis says that is not the solution to fix the major problems at hand
by Darryl Davis Dec 2
Seattle-based Coldwell Banker franchise ditches NAR
The company is the latest of several to step away from the National Association of Realtors, which has suffered both a scandal and legal defeats in recent months
by Jim Dalrymple II Dec 1
Americans' average mortgage payment falls $164 in November
A dip in the weekly average for 30-year mortgage rates dropped the average mortgage payment to $2,575 in November, and homebuyers are taking advantage
by Marian McPherson Nov 30
Team co-led by former 'Bachelor' Jason Mesnick joins Real
Mesnick and his partner Chris Dalto have left Compass and brought their Seattle-based luxury team, MDG Residential, to Real. Within its 1st year, the team closed more than $100M in sales
by Lillian Dickerson Nov 29
Real estate CEOs: Big impact from commission suits 'improbable'
The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions
by Jim Dalrymple II Nov 17
From Australia to Anaheim, proptechs test models at NAR NXT
ListAssist, BoxBrownie, Sensor Global and Openn are attending NXT under the umbrella of NAR Reach Australia-New Zealand, a tech-focused advocacy organization and product accelerator
by Craig C. Rowe Nov 15
Seattle landlord stuck in van while tenant rents his home on Airbnb
Jason Roth told Insider that after he rented out his home to Kareem Hunter, the tenant allegedly only paid part of the first month before illegally renting out other rooms in the house on Airbnb
by Ben Verde Nov 14
Weathering the storm: A Q3 2023 earnings roundup
From brokerage companies to portals to lenders and investors, Airbnb to Zillow, we've got the news you can use about the dollars and cents that are driving the real estate economy right now
by Christy Murdock Nov 9
WeWork, once thought to be the future of work, files for bankruptcy
The company filed for Chapter 11 bankruptcy in New Jersey as part of a 'comprehensive reorganization' of the office space leasing giant
by Ben Verde Nov 7
Compass trims losses, improves cash flow despite Q3 revenue dip
The brokerage saw revenue fall 10% year over year, but also managed to cut net losses from $154M in the third quarter of last year to $39M this time around, according to a Q3 earnings call Monday
by Jim Dalrymple II Nov 6
Redfin posts profitable Q3 despite another quarter of falling revenue
The company posted profits of $98.3M, up 8% from the third quarter of 2022, while tallying $269M in revenue, a decrease of 12% from a year ago, according to third-quarter earnings Thursday
Commissions are key as REX seeks retrial in listings suit against Zillow
In a motion filed Tuesday in a Seattle federal court, the defunct discount brokerage claims it was unfairly prohibited from presenting testimony about commissions to jurors in the original trial
by Ben Verde Nov 2