Rocket stays profitable in Q3 but still in the red for the year

Cost-cutting helped the mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45 billion, mortgage originations for the year to date are down 46 percent from a year ago. Continue reading

Will Q3 earnings keep real estate mired in a ‘Groundhog Day’ loop?

Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading

Zillow acquires CRM Follow Up Boss, super app ‘mission’ ongoing

Zillow has acquired Follow Up Boss, one of the industry’s more popular customer relationship management solutions. Continue reading

Sitzer attorney files new suit against Compass, Redfin, others

Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy Continue reading

Sitzer defendants ask for mistrial as HomeServices alleges ‘ambush’

HomeServices of America attorneys filed a motion Wednesday requesting a mistrial in the Sitzer | Burnett trial, saying a video submitted a day earlier jeopardizes its chances for a fair trial. Continue reading

Agents steer buyers to homes with better commissions, study claims

The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers’ agents received less attention and took longer to sell. Continue reading

Stakes are incalculable for NAR as bombshell commission trial looms

Next week’s long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate’s most powerful trade organization as it navigates a series of existential challenges. Continue reading

Institutional investors warming up to home equity agreements

DBRS Morningstar’s rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home. Continue reading

After Inman Connect chat, Troy Palmquist lands big role with eXp

Palmquist joined eXp’s Michael Valdes on stage to talk recruitment at ICLV over the summer. Now, he’s taking his 30-member team to eXp as the brokerage’s new director of growth for California. Continue reading

After Inman Connect chat, Troy Palmquist lands big role with eXp

Palmquist joined eXp’s Michael Valdes on stage to talk recruitment at ICLV over the summer. Now, he’s taking his 30-member team to eXp as the brokerage’s new director of growth for California. Continue reading