Monthly Archives: February 2024

Homebuyer mortgage demand down for 5th consecutive week

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With mortgage rates hovering above 7 percent, requests for purchase loans were down by a seasonally adjusted 5 percent week over week and 2 percent lower than a year ago. Continue reading →

Beverly Hills spec mansion nets $30.1M in discounted sale

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The property, sold by developer Adnan Sen, first hit the market for $39.9 million in 2020. It includes a nine-bedroom main house, one-bedroom guesthouse, a pool and a 10-car gallery garage. Continue reading →

Buyer agency contracts riddled with ‘unfair’ terms, CFA declares

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The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny. Continue reading →

Energized by AI, brokerage leaders eye big tech spend in 2024: Triple-I

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Nearly 70 percent of brokerage leaders who responded to the latest Inman Intel Index earlier this month expect to invest in technology in 2024, with many now saying artificial intelligence is top of mind. Continue reading →

9 powerful leadership phrases that will transform your team

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These nine pivotal phrases, when articulated daily, can significantly enhance your leadership impact, consultant Chris Pollinger writes. Continue reading →

The Agency Seattle’s No. 1 broker realigns with Engel & Völkers

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Alee Heidar is a rising star and was The Agency Seattle’s No. 1 broker for the last two years. Now he and his brother, Yama Heidar, have joined Engel & Völkers Kirkland. Continue reading →

Realeflow’s latest listing prediction solution is ready for rollout

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Realeflow, a software company that applies AI-backed predictive analysis and machine learning to identify seller activity, has released a new version of its Sellability Score AI model. Continue reading →

Redfin’s focus on cost-cutting begins to pay off in Q4 earnings

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Redfin continued its recovery during the fourth quarter, with revenue declining 2 percent year over year to $218.1 million — a near 180 from its Q1 and Q2 showings where annual revenue declines topped 20 percent.  Continue reading →

Compass lifts agent count in Q4 but falls short of positive cash flow

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The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier. Continue reading →