Compass’ 2Q revenue dropped 26 percent year over year to $1.5 billion, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses. Continue reading
San Clemente, California’s top broker, Doug Echelberger, and his team of seven agents has moved to Side, where it will operate as Inhabit Real Estate, according to an announcement on Tuesday. Continue reading
With some of the highest home prices in the nation, California buyers and sellers are having an abnormally difficult time managing higher mortgage rates, agents in the Golden State told Inman. Continue reading
Redfin’s second-quarter revenue declined 21 percent year over year to $275.6 million, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday. Continue reading
Former Keller Williams NYC market center owners Ilan Bracha and Heim Binstock’s battle for their 377 Broadway office is officially over as a new owner snapped it up at an auction for $11.3 million. The office went into foreclosure in 2018 after the duo… Continue reading
With an influx of tech and entertainment giants like Tesla and Universal Studios, not to mention a rising tide of millennial buyers, Texas is bursting at the seams as agents rush to find new listings. Continue reading
As economic headwinds push native-born population and household formation growth down, Harvard researchers say immigrants hold the key to the housing market’s future. Continue reading
With 30 years of experience at some of the world’s most recognizable brands, the newly-minted Better Homes and Gardens Real Estate president spoke to Inman about settling into her new role. Continue reading
Compass CEO Robert Reffkin said the brokerage’s new AI-powered Performance Tracker tool will enable agents and team leaders to track gross commission income, sales volume and other data. Continue reading
Six months after Katrina Helmkamp’s retirement, Cartus has named Matthew Tebbe as its latest president and CEO. Tebbe will be responsible for “accelerating momentum” at the relocation brand. Continue reading