Successful agents show up, Robert Reffkin says in remote-work rebuke

During an Inman Connect panel on Wednesday, Compass’ CEO argued the brokerage’s in-person philosophy gives it an advantage over rival firms “charging the least and giving you the least.” Continue reading

‘Substantial doubt’ that WeWork can stay afloat, company says

By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading

Katie Lance: ‘We’re in a big moment with ChatGPT and AI’

At ICLV, the social media consultant offered a prescription for using AI and ChatGPT in your real estate business, from marketing to customer service to automated lead gen. Continue reading

Mortgage lenders tighten as homebuyer demand fades

Demand for purchase mortgages fell for a fourth consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey showed. Continue reading

Matterport defies Q2 revenue estimates as subscribers multiply

Matterport posted second-quarter revenues of $39.6 million — a 39 percent increase from the same period a year earlier that squeaked past analyst estimates of $39.2 million, according to a Tuesday earnings call. Continue reading

Proptech spending expected to resume this year, investor says

“We remain bullish about an increase in activity over the back half” of 2023, Houlihan Lokey Managing Director Chris Hough said during a presentation Tuesday at Inman Connect Las Vegas. Continue reading

As NAR searches for its next CEO, here’s how it spends member dues

An Intel analysis of the National Association of Realtors’ nonprofit tax filings between 2004 and 2021 reveals just how much the trade group pays its top executives and leadership team. Continue reading

NAR reveals 12 new startups vying for iOi Summit ‘Pitch Battle’ crown

Highnote, Instacard and ListAssist are among the startups the National Association of Realtors has tapped for its annual ‘Pitch Battle’ later this month in Miami, according to an announcement Tuesday. Continue reading

UWM posts $229M Q2 profit as spring mortgage originations soar

United Wholesale Mortgage, the nation’s largest lender, also raised refinancing volume by 23 percent after being hammered by higher interest rates, according to Q2 earnings released Wednesday. Continue reading

Piñata CEO: Tech can make life better for renters and managers

Lily Liu’s company offers rewards and credit reporting for renters. And she said that while there is anxiety in the market, technology has the potential to make things better. Continue reading