Cornerstone staffs up to grow servicing, builder partnerships

Seven executive hires in 2024 include Dana Abernathy, who will expand the company’s servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships. Continue reading

CoStar Group revenue rises in Q2 as Homes.com bookings hit $55M

CoStar Group’s revenue grew 12 percent year over year to $678 million, according to Q2 earnings Tuesday. Traffic for the Homes.com Network of websites increased 73 percent year over year to 148 million monthly average unique visitors. Continue reading

EXp promotes Troy Palmquist to VP of growth and product marketing

Industry veteran and DOORA co-founder Troy Palmquist has been promoted from eXp’s director of growth to the VP growth and product marketing. Palmquist joined eXp in 2023. Continue reading

Aven lands $142M in funding to take HELOC credit card nationwide

Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures. Continue reading

MoxiWorks laying off employees 1 month after replacing CEO

Real estate marketing and technology company used by more than 400,000 agents nationwide hired AI startup executive Eric Elfman in June to replace founder York Baur as CEO. Continue reading

NAR membership dips as Realtors report closing fewer deals in 2023

NAR’s 2024 Membership profile shows the impacts of a difficult market on real estate professionals — many of whom are contending with issues related to affordability and inventory. Continue reading

Final Offer buys North American operations of Openn Negotiation

The acquisition will allow Final Offer, a platform for managing and negotiating offers, to provide a “transparent and straightforward experience when buying and selling a home,” executives said. Continue reading

3rd round of layoffs at Newrez brings 2024 job cuts to 750

After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida. Continue reading

Feds want to expand their control over real estate sales to foreigners

A proposal would expand an existing rule and give the “Committee on Foreign Investment in the United States” power to review real estate sales near 56 military installations in 30 states. Continue reading