Monthly Archives: August 2022

Zillow and Opendoor team up to provide cash offers to consumers

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The partnership pairs two of the most polarizing companies in the housing business, and comes less than a year after Zillow began ending its own iBuying efforts. Continue reading →

Fathom Holdings doubles revenue in Q2 as mortgage business struggles

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The brokerage’s revenue grew 52 percent annually during the second quarter, reaching $128.2 million, up from $84.2 million, according to an earnings report released Thursday. Continue reading →

Redfin’s profits decline in Q2 despite uptick in revenue

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Redfin reported $606.9 million in second-quarter revenue, a 29 percent increase compared to the second quarter of 2021, in an earnings report released Thursday afternoon following the close of markets. Continue reading →

The bear on the hill: Ben Kinney talks about surviving a recession

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At Inman Connect Las Vegas, the Ben Kinney Companies’ founder explained how to become recession-proof with smart spending, careful recruiting and an empathetic mindset. Continue reading →

DelPrete: Opendoor is ‘playing the long game,’ should survive downturn

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Despite a softening market and a recent FTC fine, Mike DelPrete described Opendoor as well-managed and in possession of enough cash to thrive for years to come, at Inman Connect Las Vegas. Continue reading →

Keller Williams Q2 revenue rises 1% to $146.8B amid inventory woes

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Market headwinds clobbered Keller Williams transaction volume for the third consecutive quarter, according to earnings Thursday. However, sales volume and agent count remained steady. Continue reading →

Laying off brokerage staff amid a downturn? Think twice

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There are ways that brokerages can cut costs during a market slowdown without risking its agent morale, according to brokers at Inman Connect Las Vegas on Thursday. Continue reading →

Virtual brokerage Radius launches mortgage arm in California

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The company’s move into mortgage lending comes on the heels of a $14 million Series A round led by Trulia co-founder Pete Flint’s NFX Ventures. Continue reading →

Keller Williams President: Real estate has become consumer centric

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Alongside RE/MAX President and CEO Nick Bailey, Keller Williams President Marc King also hinted Thursday at Inman Connect Las Vegas that KW may not be in a rush to begin selling shares to the public. Continue reading →

Want to keep agents for life? Shift the focus from money to people

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Famed coach Jon Cheplak took to the Broker Connect stage at Inman Connect Las Vegas to help brokers master recruitment and retention through putting their agents first. Continue reading →