Author Archives: Patrick Kearns

EXp’s VirBELA launches virtual world for events

By Patrick Kearns | March 19, 2020 - 5:59 pm |March 19, 2020 Uncategorized

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The move comes at a time when many in the real estate industry are canceling their in-person events and looking for virtual solutions. Continue reading →

Keller Williams pledges $20M to reduce coaching costs for agents

By Patrick Kearns | March 19, 2020 - 3:00 pm |March 19, 2020 Uncategorized

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The company is making big changes to the cost structure of its various coaching programs for the next two months. Continue reading →

Opendoor temporarily suspends homebuying, citing safety concerns

By Patrick Kearns | March 19, 2020 - 12:58 am |March 19, 2020 Uncategorized

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A spokesperson for the iBuyer said the company’s priority is “the safety and well-being of our customers, employees and the general public.” Continue reading →

Redfin temporarily suspends homebuying amid market slump

By Patrick Kearns | March 18, 2020 - 8:13 pm |March 18, 2020 Uncategorized

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RedfinNow, the direct-to-consumer homebuying and selling platform, will not be buying homes for the near future, CEO Glenn Kelman confirmed in a letter to shareholders. Continue reading →

RE/MAX is the latest to suggest canceling open houses

By Patrick Kearns | March 18, 2020 - 4:12 pm |March 18, 2020 Uncategorized

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RE/MAX CEO Adam Contos urged the company’s agents to take the “global emergency’ seriously in a memo. Continue reading →

T3 Sixty cancels real estate summit

By Patrick Kearns | March 18, 2020 - 2:30 pm |March 18, 2020 Uncategorized

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In a statement, the company acknowledges the next few months will be “chaotic” in the real estate industry. Continue reading →

Zillow is covering 50% of Premier Agent costs for 1 month

By Patrick Kearns | March 17, 2020 - 8:44 pm |March 17, 2020 Uncategorized

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Zillow CEO Rich Barton announced the decision Tuesday in a letter to its Premier Agent customers. Continue reading →

Compass makes changes to concierge, bridge loans amid industry slowdown

By Patrick Kearns | March 17, 2020 - 5:30 pm |March 17, 2020 Uncategorized

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Compass is temporarily suspending its Bridge Loan Advance program, among other changes. Continue reading →

SARS and Spanish Flu: What we can learn from pandemics of the past

By Patrick Kearns | March 17, 2020 - 1:33 pm |March 17, 2020 Uncategorized

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Zillow Chief Economist Svenja Gudell breaks down how past pandemics, including SARS and the Spanish Flu, have impacted the housing market. Continue reading →

Here’s how Compass is guiding employees through crisis

By Patrick Kearns | March 16, 2020 - 9:36 pm |March 16, 2020 Uncategorized

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Robert Reffkin, the CEO of Compass, calls the pandemic a “historic time none of us will ever forget.” Continue reading →