'All strapped in': Luxury clients face whiplash as banking fallout unfolds
The sudden change in the global banking landscape has left luxury real estate clients hanging out 'in the parking lot,' Kofi Nartey said, as they wait to see where the remaining chips will fall
by Lillian Dickerson Mar 17
Real estate took a drubbing in Q4, but some companies still surprised
Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves
by Jim Dalrymple II Mar 2
Zillow gets vote of confidence from JP Morgan analysts
Analysts gave Zillow an 'overweight' rating which means they expect Zillow to outperform peer companies. The report also sets Zillow's share price target at $48 by December of this year
by Jim Dalrymple II Feb 28
Cost cutting and existentialism: What to expect from earnings
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive
by Jim Dalrymple II Feb 15
Compass went public 2 years ago. Can it recover from its stock slump?
Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors' appetite for shares fall significantly
by Jim Dalrymple II Jan 25
Compass CEO Robert Reffkin calls home offices 'the killer of culture'
Compass CEO Robert Reffkin talks about stock market downturns, profitability and why brokers need to eschew virtual working to survive
by Marian McPherson Jan 24
After a near 90% fall, analytics firm sees Opendoor shares rising to $6
A financial firm recently set a $6 price target for Opendoor stock. That price would be substantially higher than what shares are currently fetching
by Jim Dalrymple II Jan 12
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
Luxury holds steady despite overall Manhattan market slowdown in Q4
As prices and transaction volume both fell in Manhattan's market at large year over year, luxury properties priced at or above $10M still managed to perform well to close out 2022
Real estate in 2022: When the #@!$ finally hit the fan
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
by Jim Dalrymple II Dec 19
Opendoor faces 'existential' crisis as iBuying fights for survival
The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market
The best Black Friday deals for real estate agents in 2022
Inman's 2022 Black Friday picks for real estate agents, brokers, clients and everyone else in their sphere is jam-packed with cutting-edge tech, home goods and so much more
by Lillian Dickerson Nov 23
NYSE threatens to boot Offerpad over plummeting share price
Offerpad's stock slipped below $1 per share in late October, positioning the iBuyer to be delisted from the New York Stock Exchange, which could make it more difficult to buy and sell shares
by Ben Verde Nov 21
Redfin sees losses soar in Q3 as it winds down iBuying program
The company earned $600.5M in revenue during the third quarter, but also lost $90.2M — up from a loss of just $18.9M in the third quarter of 2021 — amid a worsening housing market
by Jim Dalrymple II Nov 9
Zillow sees Q3 revenue dip, but manages to significantly trim losses
The company brought in $483M in revenue and suffered a loss of $53M — an improvement over the Q3 2021 losses of $329M, according to quarterly earnings results Wednesday
by Jim Dalrymple II Nov 2