After cutting Q3 losses, loanDepot has sights set on breaking even
The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400M in annual expenses by the end of the year
by Matt Carter Nov 9
Fathom raises transaction fees, boosts incentives amid Q3 loss
The real estate brokerage and tech platform is accelerating cost cutting after posting a $6M third-quarter loss, with revenue up 10.2% to $111.3M and agent count up 33% to 9,991
by Matt Carter Nov 7
LoanDepot launches joint venture with National HomeCorp
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to 9 other states in 2023
by Matt Carter Nov 2
CoreLogic sells HomeVisit for stake in Canadian buyer, Urbanimmersive
Quebec-based Urbanimmersive sees an opportunity to double its revenue and cross-sell other CoreLogic products as it continues to expand its presence in the U.S.
by Matt Carter Oct 11
Ribbon slashes one-third of workforce to adjust to 'new reality'
After expanding into 8 new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an 'achievable path to profitability'
by Matt Carter Jul 28
With East Coast merger, United Real Estate adds 1,000 agents
Five years ago, Pearson Smith Realty had only 17 agents. It has since grown to conduct $4.1B annually in real estate transactions
by Daniel Houston Jul 22
Shared equity platform Point enters Nevada, Ohio as part of larger plan
Homeowners in 18 states and Washington, D.C. can tap up to $500,000 in home equity by selling a share of their future home price appreciation to investors
by Matt Carter Jul 14
AnnieMac expands mid-Atlantic presence, acquires OVM Financial
Rising mortgage rates are prompting some lenders to downsize to adapt to changing market conditions. But the market shift is also expected to drive mergers and acquisitions
by Matt Carter Jul 1
Remote work's impact on real estate will linger — possibly forever
The CEO of IBM, which employs hundreds of thousands of people, recently described remote work as 'the new normal.' And that translates to permanent changes to the housing market
by Jim Dalrymple II Jun 30
Meet the real estate outsiders who have lessons for housing pros
Inman Connect Las Vegas speakers will invite attendees to look to the stars, push themselves to new heights and adopt mindsets that can open doors to success
by Jim Dalrymple II Jun 24
Buying a home? 8 popular cities that are still surprisingly affordable
As buyers continue to reassess where they want to live and relocate at record rates, affordable, popular destinations can still be found — largely in Florida and Texas, according to Redfin
by Lillian Dickerson May 23
@properties expands franchise operations to Washington, D.C.
RLAH Real Estate will become the latest in a growing number of @properties franchises. The company will also be the first @properties franchise on the East Coast
by Jim Dalrymple II Apr 5
Compass snags 2 teams with 45 joint agents, expands into Virginia
Compass is expanding into Richmond, Virginia, with new teams that have 45 agents total and a combined 2021 sales volume of $227M
by Ben Verde Mar 30
Police investigating suspected arson at CoStar's headquarters
The Wednesday-evening incident, which reportedly involved two cars, comes as CoStar faces criticism from ex-employees and as it pushes further into the residential sector
by Jim Dalrymple II Feb 25
Man threatened to attack, rape multiple real estate agents: Police
Police say 44-year-old Frank Mainka called agents in Mississippi and threatened to rape them during home showings. The incident highlights the challenge agents face when it comes to safety
by Jim Dalrymple II Jan 13