RE/MAX hangs onto slim profit in Q3 amid housing downturn

Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday. Continue reading

Opendoor lost nearly $1B in Q3 in ‘once-in-40-years market transition’

In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That’s up from a loss of just $57 million during the third quarter of 2021. Continue reading

‘Great Reshuffling’ could impact elections in Arizona, Nevada: Redfin

Redfin data shows that Arizona and Nevada were the second and third most popular states respectively for people moving away from California in 2020. Continue reading

Those claims of appraisal bias? Another study backs them up

Homes in white neighborhoods are valued twice as high as those in communities of color, even in places with otherwise similar housing stock, according to a study out this week. Continue reading

Keller Williams posts ‘less than pleasing’ 3% drop in sales volume

After four straight quarters of declines in transaction volume, new listings, projected closings and written contract volume, Keller Williams’ year-to-date sales volume finally took a three percent tumble to $414.7 billion. Continue reading

Share of first-time buyers plummets to lowest level since 1981: NAR

Rising home prices, mortgage rates and inflation slashed the share of first-time buyers down to 26 percent — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981. Continue reading

America’s biggest homes are just 30 miles from the country’s tiniest lofts

From Tennessee to Michigan, 18 states lay claim to the country’s largest and smallest homes now on the market, according to a new analysis. But the wildest extremes can be found in one region. Continue reading

Want more options? Make getting a brokers license your winter project

Flexibility and agility are always useful for independent contractors, according to broker Teresa Boardman. Obtaining your brokers license during your downtime gives you more professional options. Continue reading

An inside look at ‘Buying Beverly Hills,’ starring The Agency’s top talent

Netflix’s “Buying Beverly Hills,” starring The Agency’s Mauricio Umansky, daughters Farrah Brittany and Alexia Umansky, and other agents from the Beverly Hills locale, drops on Friday, Nov. 4, 2022. Here’s an inside look at your next real estate realit… Continue reading