Opendoor reaches $39M settlement in pricing algorithm suit

IBuyer Opendoor on Friday agreed to pay $39 million to settle a federal securities class-action suit that accused the real estate tech company of misleading investors about its homebuying algorithm. Continue reading

Broker Spotlight: Holly Brink, My Real Estate Company

Find out how this broker across four states has launched and where she and her agents are headed as they embrace the future. Continue reading

Chimera boosts non-QM presence with HomeXpress acquisition

The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading

Real estate AI firm Shilo raises $2.6M in seed round

Shilo makes a virtual assistant meant to boost real estate agents’ productivity. The cash infusion comes as interest in artificial intelligence soars. Continue reading

NAR overturns ‘no-commingling’ rule in Executive Committee vote

The committee opted to rescind the controversial “no-commingling” policy on Wednesday, one day after NAR’s Multiple Listing Issues and Policies Committee voted to scrap it amid DOJ scrutiny. Continue reading

Once on a path for expansion, Homie now a shell of its former self

Utah-based discount brokerage once said it was the largest in the state and was on a path for 1,000 agents. A few years later, the company was sold and is rebuilding under new ownership. Starting with its 22 agents in 2 states. Continue reading

Evergreen Home Loans pursuing national expansion strategy

Bellevue, Washington-based Evergreen hires Wells Fargo and Bank of America veteran Andrew Leff as head of national business development as it continues to expand beyond its roots as a regional independent mortgage bank. Continue reading

West USA Realty commits to Zillow Group’s listing policy

One of Arizona’s largest brokerages, West USA Realty, has committed to following Zillow Group’s listing access standard. The firm is the third to formally support the portal’s ban on privately marketed listings. Continue reading

FirstTeam kicks off nationwide expansion in Idaho and Washington

FirstTeam Real Estate, an independent brokerage with roots in Southern California, is taking its success nationwide. The firm recently announced the launch of its nationwide expansion, starting with new offices in Idaho and Washington. More markets are… Continue reading

Streamline buying new homes with Virtuo: Tech Review

Inman’s tech expert Craig Rowe reviews Virtuo, software that brings together homebuilders, agents and buyers into a single ecosystem to ensure every stage of the purchase process remains connected. Continue reading