Author Archives: Patrick Kearns

Realogy is the latest to suspend iBuying

By Patrick Kearns | March 24, 2020 - 2:56 pm |March 24, 2020 Uncategorized

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The company’s RealSure program is suspending all cash offers at this time. Continue reading →

Zillow CEO: ‘There’s no coronavirus playbook’

By Patrick Kearns | March 24, 2020 - 1:09 pm |March 24, 2020 Uncategorized

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Rich Barton laid out plans to cut 25 percent of quarterly expenses by pausing hiring, cutting marketing, halting homebuying and reducing discretionary spending. Continue reading →

RE/MAX CEO: ‘Leaders who are hiding right now are not leading’

By Patrick Kearns | March 24, 2020 - 8:00 am |March 24, 2020 Uncategorized

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Adam Contos, CEO of RE/MAX, sits down with Inman to discuss how he’s leading one of the nation’s largest franchisors in a time of uncertainty. Continue reading →

Offerpad is the latest iBuyer to pause new home purchases

By Patrick Kearns | March 23, 2020 - 8:10 pm |March 23, 2020 Uncategorized

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Following in the footsteps of Redfin, Zillow and Opendoor, Offerpad has temporarily stopped making offers on homes due to safety concerns. Continue reading →

In New York, open houses and cold calls are suspended. Is rent next?

By Patrick Kearns | March 23, 2020 - 3:15 pm |March 23, 2020 Uncategorized

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New York Gov. Andrew Cuomo has already called for a moratorium on evictions. Now state and city officials are calling for a rent freeze. Continue reading →

Zillow suspends homebuying in all 24 Zillow Offers markets

By Patrick Kearns | March 23, 2020 - 12:43 pm |March 23, 2020 Uncategorized

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Zillow CEO Rich Barton cited safety concerns and said the company plans to fully resume iBuying once health concerns pass. Continue reading →

Realtor.com is cutting agents’ next bill by 60%

By Patrick Kearns | March 20, 2020 - 2:38 pm |March 20, 2020 Uncategorized

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The real estate search portal says its still seeing significant search and lead activity on its website. Continue reading →

Compass is making its learning portal free and public

By Patrick Kearns | March 20, 2020 - 1:00 pm |March 20, 2020 Uncategorized

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Agents, regardless of their brokerage affiliation, will be able to access Compass Academy. Continue reading →

RE/MAX will allow brokers to defer franchise fees in April

By Patrick Kearns | March 20, 2020 - 12:21 pm |March 20, 2020 Uncategorized

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The company is withdrawing its first quarter and full-year 2020 guidance amid uncertainty around COVID-19. Continue reading →

REBNY to temporarily end ‘days on market’ calculation

By Patrick Kearns | March 19, 2020 - 7:31 pm |March 19, 2020 Uncategorized

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The Real Estate Board of New York is eliminating the “days on market” calculation for its members’ listings. Continue reading →