Tag Archives: Industry News

Sam Zell, billionaire real estate investor, dies at 81

By Daniel Houston | May 18, 2023 - 5:59 pm |May 18, 2023 Uncategorized

Comments Off on Sam Zell, billionaire real estate investor, dies at 81

The founder and chairman of Equity Residential had interests spanning real estate, manufacturing, healthcare and media, among other sectors. Continue reading →

Builder confidence rises as low inventory hikes new-home demand

By Taylor Anderson | May 17, 2023 - 7:17 pm |May 17, 2023 Uncategorized

Comments Off on Builder confidence rises as low inventory hikes new-home demand

New homes now represent a third of all homes on the market. That’s 2.5 times higher than the historical average for the two decades leading up to COVID-19, according to the NAHB/Wells Fargo HMI. Continue reading →

WeWork’s Sandeep Mathrani steps down as CEO after 3 years at helm

By Marian McPherson | May 17, 2023 - 5:34 pm |May 17, 2023 Uncategorized

Comments Off on WeWork’s Sandeep Mathrani steps down as CEO after 3 years at helm

After only three years, Sandeep Mathrani is leaving the CEO position. WeWork board member David Tolley will take over in the interim. Continue reading →

Maxwell’s LenderSelect deal grows footprint with community banks

By Matt Carter | May 16, 2023 - 8:43 pm |May 16, 2023 Uncategorized

Comments Off on Maxwell’s LenderSelect deal grows footprint with community banks

The deal to acquire LenderSelect from Blue Ridge Bankshares will also enable “significant expansion” of the secondary market trading platform, Maxwell Capital. Continue reading →

Submissions open for 5th annual NAR startup Pitch Battle

By Ben Verde | May 15, 2023 - 6:42 pm |May 15, 2023 Uncategorized

Comments Off on Submissions open for 5th annual NAR startup Pitch Battle

The Pitch Battle offers real estate technology startups the opportunity to showcase their tech to industry-leading investors for the chance to win $15,000. Continue reading →

Realtor.com chief brushes off major Q1 drop in traffic

By Jim Dalrymple II | May 15, 2023 - 6:14 pm |May 15, 2023 Uncategorized

Comments Off on Realtor.com chief brushes off major Q1 drop in traffic

David Doctorow attributed Realtor.com’s reduced traffic to a slower market and argued that his company’s sites have superior engagement than competitors. Continue reading →

Fed mistakes, membership dues, contract issues: Inman’s Top 5

By Dani Vanderboegh | May 12, 2023 - 5:00 pm |May 12, 2023 Uncategorized

Comments Off on Fed mistakes, membership dues, contract issues: Inman’s Top 5

Wondering what you missed this week? Find out with Inman’s Top 5 most-read stories of the week. Continue reading →

Mr. Cooper closing in on $1T portfolio with Home Point deal

By Matt Carter | May 11, 2023 - 10:43 pm |May 11, 2023 Uncategorized

Comments Off on Mr. Cooper closing in on $1T portfolio with Home Point deal

After selling off originations businesses and laying off thousands, Home Point will sell $84 billion in mortgage servicing rights for $324 million in cash. Continue reading →

Airbnb chief calls out CEOs for remote work double standard

By Ben Verde | May 11, 2023 - 8:14 pm |May 11, 2023 Uncategorized

Comments Off on Airbnb chief calls out CEOs for remote work double standard

“I guarantee you that many of these CEOs who are calling people back to the office in New York City are going away to the Hamptons for the summer or going to Europe in August,” Airbnb CEO Brian Chesky said. Continue reading →

Real estate stocks are suddenly and finally on fire

By Jim Dalrymple II | May 11, 2023 - 7:47 pm |May 11, 2023 Uncategorized

Comments Off on Real estate stocks are suddenly and finally on fire

Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading →