Tag Archives: Recession

As US economy zigs upward again, real estate sags

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Hits to broker commissions and home construction drove a decline in real estate gross domestic product in the third quarter of the year, new data shows. Continue reading →

Robert Reffkin gets real at Compass REtreat: ‘Hope is not a strategy’

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At his company’s annual REtreat in Atlanta, Compass CEO Robert Reffkin used his keynote to give an honest and intimate review of his company’s post-IPO performance and cast a vision for the future. Continue reading →

The Agency’s Mauricio Umansky on what’s hurting brokerages the most

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At Inman Connect, Brad Inman and Mauricio Umansky, founder of luxury brokerage The Agency discussed what’s happening in the market now and how it’s impacting brokers and their agents. Continue reading →

Pacaso slashes 30% of workforce, citing rising rates and home prices

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Pacaso employees impacted by the cuts will be provided severance, healthcare coverage and career help, Pacaso CEO Austin Allison said during an all-hands conference call Tuesday. Continue reading →

These 3 US states have the most vulnerable housing markets by far

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Three states alone accounted for 33 of the 50 most vulnerable markets in the second quarter, while the South and Midwest remained stable, according to new data from Attom. Continue reading →

No retailer captured the dream of ‘home’ quite like Bed Bath & Beyond

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The home goods retailer was not only a store that had everything a person might want for a home, but it symbolized the very American dream of homeownership. Today it’s fighting for survival. Continue reading →

Goldman Sachs predicts 2024 recovery: The Real Word

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Byron Lazine and Nicole White discuss the Goldman Sachs prediction on falling home sales, the return of the 40-year fixed mortgage, California blackout risks, and Apple’s iPhone 14 event. Find out what they have to say about these hot topics, and watch… Continue reading →

The truth about Zillow’s ShowingTime acquisition: The Real Word

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Byron Lazine and Nicole White discuss the real reason Zillow acquired ShowingTime, the hype behind the housing recession, and how “shrinkflation” could potentially change the game for consumers in 2023. Watch this week’s TRW to stay on top of this week… Continue reading →

Your prediction about the housing market is probably wrong

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Forget the memes. According to broker Teresa Boardman, if you’ve been around real estate for any length of time, you know that the only thing you can expect is the unexpected. Continue reading →