Opendoor’s losses doubled in Q4 as the iBuyer’s revenue fell 25%

The dominant iBuyer lost nearly $400 million in the fourth quarter, according to an earnings call Thursday afternoon. That’s better than the previous quarter, but a big jump from the same period in 2021. Continue reading

4 things to watch as Compass’ annual conference unfolds this week

Compass became the largest company of its kind in the U.S. this year, but is holding its annual gathering as the real estate industry navigates uniquely troubled waters. Continue reading

Homebuyers in these US cities are backing out of deals at a higher rate

Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest. Continue reading

The Agency launches new franchise in state of Georgia, its 36th to date

The new office is the company’s 36th franchise to date and its first in the state of Georgia. Continue reading

The biggest questions and answers about portals ditching crime data

Redfin, Trulia and realtor.com have all vowed to not use crime data going forward. The companies’ stands are now prompting a debate in the industry. Continue reading

4 tips for nailing your 2022 business plan

A successful agent needs good mentors, an evolving plan and the right language to connect with clients. Continue reading

Real estate investors bought record-breaking number of homes in Q3

Investors purchased a record 18.2 percent of U.S. homes, amounting to a new high of $63.6 billion in homes during the third quarter of 2021, according to a new Redfin analysis released Monday. Continue reading

Branding, hiring, tech and culture: Navigating an expansion as a broker

Leaders who want to grow into new regions need to figure out how to export their culture — and where the most fruitful markets might be — brokers said at Inman Connect Las Vegas. Continue reading

Redfin extends iBuyer service into select areas in Atlanta, Nashville

With these latest moves, the Seattle-based brokerage is now offering instant cash offers to sellers in 27 markets throughout the country. Continue reading

Zillow sharpens Rent Zestimate for homeowners

The refreshed Rent Zestimate has a 5 percent greater accuracy rate than its previous rendition, according to Zillow. Continue reading