Realeflow’s latest listing prediction solution is ready for rollout

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

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

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

Mark Willis takes aim at Anywhere in ‘State of the Company’ remarks

In his first Family Reunion address since returning as CEO of Keller Williams last year, Mark Willis called on agents to rise up and topple Anywhere, the world’s largest real estate franchisor. Continue reading

Survey supports Realtors’ claims that commissions are negotiable

Only 31 percent of homebuyers or sellers try to negotiate a lower commission, but 64 percent of those who do succeed, LendingTree survey finds. Continue reading

LeFrak sues NYC housing court as evictions slow to ‘surreal’ crawl

The LeFrak Organization claims that the courts have failed in their duty to hear housing disputes efficiently and fairly. Continue reading

Gary Keller says ‘right now, real estate is in a recession’

The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn’t keep itself … Continue reading

LoanDepot hackers had access to Social Security numbers, DOBs

The lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9 million consumers affected by the January cyberattack. Continue reading

Rent is falling fastest in markets that added the most new supply

Rent is now 0.7 percent lower for one-bedroom rentals nationwide than it was a year ago, but not in all markets, new report shows. Continue reading

Home prices hit high in December as ‘solid, steady growth’ wins out

Home prices rose 5.5 percent on an annual basis in December, up from 5 percent in November, according to dueling data points released Tuesday by S&P Global and the Federal Housing Finance Agency. Continue reading