Redfin shuts down iBuyer Redfin Now while slashing 13% of workforce

As many as 264 employees impacted by the cuts were from Redfin Now, the company’s iBuying division, while an additional 218 jobs from other departments are also being eliminated. Continue reading

Venture Sotheby’s spreads Hawaiian presence to Mauna Kea Resort

The new offices located in the historic resort will build on the brand’s existing presence on Hawaii Island in Keauhou, Waimea and Hilo. Continue reading

Recruiting season is afoot. 10 brokerage red flags to watch

Finding the right broker is an essential step in growing your real estate business. Chris Heller offers the warning signs to watch for when it’s a bad fit. Continue reading

EXp Realty expands into Poland amid international push

Competition and a slowing market are making international expansions an increasingly important part of many U.S. companies plans for growth, including eXp Realty. Continue reading

‘Affordable housing makes good business sense’: EXIT CEO

Homeownership plays an outsized role in wealth building, but a lack of affordable housing is keeping it out of reach for too many Americans. EXIT Realty CEO Tami Bonnell writes that it makes good professional sense for Realtors to prioritize affordabil… Continue reading

Fathom raises transaction fees, boosts incentives amid Q3 loss

The real estate brokerage and tech platform is accelerating cost-cutting after posting a $6 million, third-quarter loss, with revenue up 10.2 percent to $111.3 million and agent count up 33 percent, to 9,991. Continue reading

The Real Brokerage picks up 90 agents with Redline acquisition

Publicly traded real estate company The Real Brokerage (Real), has expanded its footprint in Canada with the acquisition of the 90-agent Redline Real Estate Group. Continue reading

Redfin called ‘fundamentally flawed’ by analyst amid stock market havoc

Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry. Continue reading

Abuzz, then a bust: What happened with all that big ‘platform’ chatter?

Real estate platforms were a hot topic a few years ago, but for even some of the biggest companies, sprawling enterprise has been the quickest way to failure, Inman founder Brad Inman writes. Continue reading

Opendoor is where Zillow Offers was a year ago: Mike DelPrete

Exactly one year ago, Zillow Offers was in a similar position to the one that Opendoor now finds itself in and shut down its operations. Mike DelPrete offers insight into the path forward for Opendoor and why it might be different this time around. Continue reading