A volatile housing market slices at RE/MAX’s Q4 revenues, profits

RE/MAX Holdings’ total revenue decreased 8.9 percent year over year to $81.3 million during the fourth quarter due to diminished broker fee revenue, a 1.9 percent drop in its North American agent count and costs related to increased recruiting incentiv… Continue reading

Redfin sees revenue fall, losses mount amid tough market in Q4

The portal and online brokerage saw revenue fall 25 percent year over year during the fourth quarter of 2022, and lost a total of $61.9 million, according to an earnings call Thursday afternoon. Continue reading

Richard Hottinger and team return to Douglas Elliman after 7 years

Hottinger, whose team was previously affiliated with Corcoran, returned to Elliman to gain a firmer foothold in Miami and for development project opportunities, he told Inman exclusively. Continue reading

Builders still on bumpy ride, but demand may have bottomed out

New-home starts took a hit in January but remain higher than they were in November. And builders see a path forward to stronger sales, according to a new report from the U.S. Census Bureau. Continue reading

Keller Williams launches new franchise in Germany

Keller Williams has opened its first master franchise in Germany, according to an announcement early Thursday. KW Germany will operate out of Berlin and serve Germany’s top seven real estate markets, Keller Williams Worldwide President Bill Soteroff ex… Continue reading

‘Charge the storm’: What to watch at Keller Williams’ big Family Reunion

Texas-based franchisor Keller Williams is hosting its annual Family Reunion conference in California Friday through Wednesday. Here are the sessions, speakers and events you can’t miss. Continue reading

WeWork hits an earnings milestone in Q4 — but remains deep in the red

The embattled coworking giant posted a 75 percent quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26 million in losses, according to Q4 earnings on Thursday. Continue reading

More than ‘support’: How to embrace diversity, equity and inclusion

Real estate leaders have an important responsibility to help create a world without obstacles to homeownership. Allies who actively engage in and promote diversity, equity and inclusion can help be a force for change.  Continue reading