‘Profitability above growth is the priority of the moment’

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At Inman Connect New York on Tuesday, a trio of finance executives seemed bearish on the state of proptech funding but bullish on its future. Continue reading →

Spencer Rascoff on CoStar-Move Inc. rumors: ‘$3B seems a little low’

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Pioneers of consumer-first online home search weighed in from Inman Connect New York on rumors that CoStar has approached News Corp about purchasing Realtor.com parent, Move Inc. Continue reading →

How fiscal prudence in good times can avert a hit to morale later

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When the market emerges from this down period, savvy broker-owners will remain judicious with expenses, three top executives said at Inman Connect New York on Wednesday. Continue reading →

Homebuyer demand for mortgages up for second week in a row

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Purchase loan requests rise 3 percent week over week as mortgage rates ease but remain down 39 percent from the same time a year ago. Continue reading →

Exp CEO Glenn Sanford touts cloud-based brokerage model at ICNY

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A day after Compass CEO Robert Reffkin dismissed remote work as ‘the killer of culture’ at ICNY, Sanford argued on Wednesday that there’s equal merit to virtual and brick-and-mortar models. Continue reading →

Vishal Garg is back, with plan to save Better: The ‘One Day Mortgage’

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Comparing himself to Henry Ford and Elon Musk, CEO says he’s reconfigured Better’s assembly line to crank out mortgages in a single day. Continue reading →

Alpaca partner Ryan Freedman is on hunt for real estate disruptors

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“Reducing friction was yesterday’s play,” Alpaca VC general partner Ryan Freedman told Inman in a wide-ranging interview. He stressed the need for a full suite of industry services. Continue reading →

Compass went public 2 years ago. Can it recover from its stock slump?

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Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors’ appetite for shares fall significantly. Continue reading →

CoStar considering purchase of Realtor.com parent: Report

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Acquiring Realtor.com would significantly advance CoStar’s push into residential real estate — and bring it into greater conflict with the industry’s existing power players. Continue reading →