REX gets OK to question Zillow CEO Rich Barton in antitrust suit

Judge Thomas Zilly denied Zillow’s motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX’s counsel about the company’s “Project Bookshelf.” Continue reading

Mr. Cooper says it will use AI to service $1 trillion in mortgage loans

The loan servicer spends “several hundred million dollars a year” on call center operations and expects $50 million in annual savings at the outset of a ‘multiyear’ artificial intelligence project. Continue reading

$3B in volume: World-record holder Ben Caballero sets new one

The Texas agent, who specializes in new construction and routinely tops industry lists, sold more than 6,000 homes last year, setting a new record. Continue reading

It’s getting harder to make money on a home sale: ATTOM

A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In the first quarter of 2023, the profit margin on a median-priced U.S. home was 44.2 percent. Continue reading

Impac Mortgage kicked off of NYSE American exchange, shares plunge

The non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker. Continue reading

Keller Williams scoops up high-performing Arizona indie

Chandler-based Infinity & Associates Real Estate did more than a quarter of a billion in volume in each of the last two years, according to Keller Williams. Continue reading

Keller Williams, Rocket named best companies for diversity: Forbes

KW, Rocket and Anywhere all landed spots on Forbes’ latest list of best employers for diversity. The news comes amid an ongoing push for greater diversity in real estate. Continue reading

Sherry Chris, Anywhere executive and real estate titan, retires

Chris has been a leader at Anywhere for years, most recently as CEO of Anywhere Expansion Brands. She’ll continue on with the firm in an advisory role, she told Inman exclusively. Continue reading

CoStar Group bucks sluggish market as revenue jumps 13% in Q1

The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023. Continue reading

Redfin calls employees back to the office part-time: ‘No exceptions’

“Some people will quit over this decision,” Redfin CEO Glenn Kelman told employees on Monday in an internal memo. “No one can say we haven’t made it deliberately.”
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