Author Archives: Marian McPherson

Vornado Realty Trust enters ‘eye of economic storm’ with $2.6B debt

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Real estate investment trust Vornado is attempting to calm investors after CEO Steve Roth signaled plans to pause its Penn Station projects and launch a $200 million share repurchase program. Continue reading →

Keller Williams’ global footprint soars as domestic sales slide 27%

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Continued market volatility pushed Keller Williams’ first-quarter U.S. and Canadian transaction sides down 27.1 percent annually. Meanwhile, its KW Worldwide operations soared with double-digit growth, according to its Q1 earnings report. Continue reading →

Survey details ‘growing suffering’ for LGBTQ+ buyers, sellers

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LGBTQ+ real estate professionals explain the impact of more than 320 anti-LGBTQ laws on LGBTQ homeownership and housing rights, in the LGBTQ+ Real Estate Alliance’s third annual survey. Continue reading →

Keller Williams scoops up second Arizona-based indie of 2023

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Twelve-year-old independent brokerage Tru Realty has joined Keller Williams, according to an announcement on Thursday. Tru Realty has generated $450.6 million in sales volume since 2021. Continue reading →

Redfin narrows losses as revenue falls 45% in first 3 months of 2023

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Redfin’s Q1 revenue declined 45 percent year over year to $325.7 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 →

EXp Realty posts revenue decline as transactions and sales dip in Q1

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EXp World Holdings tallied a 16 percent decrease in revenue in Q1 as transaction sides and volume at its brokerage, eXp Realty, fell by 10 percent and 20 percent, respectively, according to an earnings call on Tuesday. Continue reading →

Corcoran Group grows presence in NJ with 109-agent franchise

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Corcoran has expanded its presence in New Jersey with the addition of Corcoran Infinity Properties, according to an announcement on Tuesday. Noted luxury real estate broker David Arabia will lead the 109-agent franchise, which operates out of three off… Continue reading →

And the cheapest state to buy a home is…

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Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure a… Continue reading →

REX gets OK to question Zillow CEO Rich Barton in antitrust suit

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Judge Thomas Zilly denied Zillow’s motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX’s counsel about the company’s “Project Bookshelf.” Continue reading →