Opendoor steers clear of epic 2022 losses in Q1, but revenue remains down

The iBuying giant saw revenue dip 39 percent year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022.

Copyright

© inmanNews

Tags:

With ‘Leo’ launch, Real Brokerage latest to integrate ChatGPT

Tech-forward real estate brokerage Real is known for its combination of in-house software development and third-party partnerships. That tactic continues with its latest integration of Open AI’s ChatGPT.

Copyright

© inmanNews

Tags:

Ongoing doubts about soundness of regional banks rattle investors

Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon announce they're calling off their merger.

Copyright

© inmanNews

Tags:

7 ways another recession will shape a generation of real estate agents

This is the season where the strong will get stronger. Do the work and you will be one of the ones who comes out stronger on the other side.

Copyright

© inmanNews

Tags:

Value of promoting sustainability in listings keeps falling, Realtors say

An Inman analysis of NAR data on residential sustainability over the past seven years reveals that fewer agents and brokers believe touting energy efficiency in listings elicits meaningful results.

Copyright

© inmanNews

Tags:

RE/MAX

Founded in 1973, RE/MAX is one of the most recognized real estate brands in the world. RE/MAX® is the most productive real estate network in the world, as measured by residential transaction sides and, with a presence in over 110 countries and territories, the RE/MAX network’s global footprint is unmatched by any other real estate brand.

Copyright

© inmanNews

Tags:

Luxury agent Taylor Middleton exits SERHANT. for Douglas Elliman

Described as "one to watch" by Douglas Elliman Executive Chairman Howard Lorber, Middleton will operate out of Douglas Elliman's flagship office in Manhattan, Inman has learned exclusively.

Copyright

© inmanNews

Tags:

Broker Spotlight: Aaron Kirman, AKG | Christie’s International Real Estate

Find out why this high-flying Beverly Hills real estate broker is in the spotlight and learn what he predicts for the rest of 2023.

Copyright

© inmanNews

Tags:

The dirty little secret you need to know about agent retention

As business owners, it's important to do the math and understand what causes some agents to leave your brokerage.

Copyright

© inmanNews

Tags:

Brand fluidity and free press: A winning combination for success

Watch the latest Inman Access classes to better understand how to build a strong, authentic brand, and learn the key tactics real estate professionals can implement to leverage free press.

Copyright

© inmanNews

Tags:

Fed signals it may be done raising rates, but Powell won’t talk pivot

Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms.

Copyright

© inmanNews

Tags:

Zillow, Redfin go head-to-head with new ChatGPT plugins

The plugins will allow users to employ conversational language to ask the chatbot details about specific listings and the kinds of homes they seek to fine-tune their search results.

Copyright

© inmanNews

Tags:

Anywhere shares seesaw after company reports $138M loss in Q1

The brokerage giant spooked investors with its latest earnings report, in which first-quarter revenues were down 31 percent year over year.

Copyright

© inmanNews

Tags:

Offerpad narrows losses despite another quarter of falling revenue

Following a dramatic Q4 in which the iBuyer posted losses of $121.1 million, Offerpad improved its net loss by 51 percent to $59.4 million in Q1 as it struggles to adapt to a shifting market.

Copyright

© inmanNews

Tags:

Zillow begins ‘critical’ year with mounting losses, falling Q1 revenue

Zillow brought in $469 million in revenue, according to an earnings call Wednesday, falling 13 percent from the $536 million it brought in a year earlier during a period that preceded the rate hikes and sluggish sales.

Copyright

© inmanNews

Tags:

Fannie and Freddie boost profits even as mortgage business tanks

The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years.

Copyright

© inmanNews

Tags:

Christie’s brings on Islandia as new affiliate in US Virgin Islands

The independently owned Islandia Real Estate is now Islandia St. John Christie's International Real Estate, led by Managing Director Keleigh Rees.

Copyright

© inmanNews

Tags:

Tenants rage as board votes to hike rent on millions of New Yorkers

Following an emotional hearing disrupted by protestors, a preliminary vote Tuesday by the Rent Guidelines Board set the stage for increases of up to 5 percent for one-year leases, and 7 percent for two-year leases.

Copyright

© inmanNews

Tags:

Austin Board of Realtors taps Clare Losey as first housing economist

Bringing on Dr. Clare Losey will allow ABoR to produce ongoing reports on all aspects of the Central Texas economy for its 20,000-plus members, their clients, and local policymakers.

Copyright

© inmanNews

Tags:

‘It is a weird market’: Why ‘highest and best’ could be a deal-killer

Instead of a blanket call for the highest and best offer, listing agents and buyer agents need to get back to the basics of negotiating.

Copyright

© inmanNews

Tags:
LikeRE Logo