Even amid high rates, buyers have more options than they realize

Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect. Continue reading

Mentorship, support, guidance: What agents really want today

Deep into the nitty-gritty of what it’s like to be a brokerage in this market, at CEO Connect – George Canciobello, Kymber Menkiti and moderator Clelia Peters talked what it takes to keep talent happy today. Continue reading

Mike DelPrete: Disruptive brokerage models gaining traction

The CEO tract at Inman Connect Las Vegas on Tuesday wrapped with proptech adviser and strategist Mike DelPrete telling an audience of his peers that legacy brokerages are facing an “innovator’s dilemma.” Continue reading

Successful agents show up, Robert Reffkin says in remote-work rebuke

During an Inman Connect panel on Wednesday, Compass’ CEO argued the brokerage’s in-person philosophy gives it an advantage over rival firms “charging the least and giving you the least.” Continue reading

‘Substantial doubt’ that WeWork can stay afloat, company says

By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading

Katie Lance: ‘We’re in a big moment with ChatGPT and AI’

At ICLV, the social media consultant offered a prescription for using AI and ChatGPT in your real estate business, from marketing to customer service to automated lead gen. Continue reading

Mortgage lenders tighten as homebuyer demand fades

Demand for purchase mortgages fell for a fourth consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey showed. Continue reading

Matterport defies Q2 revenue estimates as subscribers multiply

Matterport posted second-quarter revenues of $39.6 million — a 39 percent increase from the same period a year earlier that squeaked past analyst estimates of $39.2 million, according to a Tuesday earnings call. Continue reading

Proptech spending expected to resume this year, investor says

“We remain bullish about an increase in activity over the back half” of 2023, Houlihan Lokey Managing Director Chris Hough said during a presentation Tuesday at Inman Connect Las Vegas. Continue reading

As NAR searches for its next CEO, here’s how it spends member dues

An Intel analysis of the National Association of Realtors’ nonprofit tax filings between 2004 and 2021 reveals just how much the trade group pays its top executives and leadership team. Continue reading