How fiscal prudence in good times can avert a hit to morale later

When the market emerges from this down period, savvy broker-owners will remain judicious with expenses, three top executives said at Inman Connect New York on Wednesday. Continue reading

Pacaso CEO: Proptech firms forced to shift from offense to defense

Executives at four prominent real estate tech startups have diversified their product offerings in an effort to survive the market turmoil, which they discussed on Tuesday at Inman Connect New York. Continue reading

Has eXp done enough to shed costs and still grow in 2023?

The all-online brokerage saw its growth finally slow amid a broader market contraction. CEO Glenn Sanford eyes the challenges ahead for 2023. Continue reading

Agree to disagree: 11 real estate leaders dust off crystal ball for 2023

The market isn’t done falling but could soon stabilize, according to a survey of real estate executives and economists conducted by Point. Continue reading

‘The gate is beginning to open’: Big inflation drop may aid homebuyers

The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers’ budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics. Continue reading

Billionaire fashion mogul Tom Ford buys $51M mansion in Palm Beach

The founder and CEO of Tom Ford International bought the property after agreeing to sell his fashion label to Estée Lauder back in November, according to new reports. Continue reading

Real estate payrolls end on a strong note to close out a volatile year

Brokers, agents and homebuilders tallied a solid hiring month amid the holiday season even as the downturn in real estate transactions continued, according to the U.S. Bureau of Labor Statistics. Continue reading

Want to buy a home in Canada? You’ll likely have to be Canadian

As of Jan. 1, homes in Canada can only be purchased by the nation’s citizens and a few other groups after a new law went into effect. The step’s a campaign promise of Prime Minister Justin Trudeau. Continue reading

Glenn Sanford steps in as eXp Realty CEO; Jason Gesing takes on new role

Sanford will helm the company’s brokerage while Gesing, who had served as its chief executive officer, will shift into an expanded role as chief industry relations officer for eXp World Holdings. Continue reading

Corcoran Reverie lures Florida’s Cindy Cole from Keller Williams

Cole will help Corcoran Reverie grow its luxury real estate footprint in Destin, Florida, and ranks among the top one-half of 1 percent of real estate agents by sales volume, according to a report. Continue reading