Redfin CEO: Amazon-Realogy partnership not a ‘serious move into the real estate market’

Glenn Kelman suggested in the earnings call Thursday that few people turn to Amazon for “soft services.” He also revealed that he’d like to be able to sell 10 percent of the homes listed with Redfin to unrepresented buyers Continue reading

Redfin experiences ‘turning point,’ beats expectations with $197.8M in revenue

CEO Glenn Kelman also said the company’s webs traffic and brokerage sales accelerated for the second straight quarter. Continue reading

RE/MAX reports $71.4M in revenue, net income of $8.6M in Q2

The franchisor’s revenue in the second quarter was boosted by Motto Mortgage franchise sales and international growth, according to RE/MAX executives. Continue reading

United Real Estate accused of removing thousands of agent websites

Former franchise owners allege in lawsuit that by removing the websites the company’s customer relationship management software was rendered useless. Continue reading

Groundfloor gets $3M more from individual real estate investors

Crowdfunded investment platform Groundfloor raises $3 million more and doubles year-over-year revenue. Continue reading

Realogy launches Agent X, its new Alexa-based voice assistant

Fresh off the news of its deal with Amazon, Realogy launched Agent X, a voice-based digital assistant that operates on the retail giant’s Alexa platform. Continue reading

Inventory plummets, prices jump near Amazon’s HQ2 in Virginia

In the wake of Amazon’s HQ2 announcement, agents say that some sellers in Virginia are waiting to list their properties, while buyers at the lower end of the spectrum are having trouble competing for homes. Continue reading

Vacasa to acquire Wyndham Vacation Rentals in $162M deal

The $162M deal, to be finalized this fall, will grow Vacasa’s portfolio to more than 23,000 vacation rental units across nearly every continent. Continue reading

Compass raises another $370M round for platform development

The well-funded real estate brokerage announced Tuesday it’s planning an August launch for “a completely redesigned consumer search and app experience.” Continue reading