Compass CEO: Buyers will deal with higher rates. Sellers? Not so much

During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust. Continue reading

Compass assembles new division serving military families, veterans

The brokerage is recruiting agents and regional directors from the military community to help launch the Compass Military Division in July. Continue reading

Size matters: 4 traits guaranteed to make your penthouse stand tall

A “penthouse” title alone isn’t enough to get a seller top dollar anymore, according to a new report obtained exclusively by Inman from Jim St. André at Compass. Other factors play a key role, too. Continue reading

Opendoor lays off 22% of its workforce in latest round of cuts

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles. Continue reading

Bots can create almost any image. Here’s what agents should know

Artificial intelligence tools such as DALL-E 2 and Midjourney are revolutionizing visual content. They also present agents with unprecedented opportunities. Continue reading

Compass nabs upstate New York team from Keller Williams

Upstate Curious includes 15 agents, operates across 11 counties and is known for its successful Instagram presence. Continue reading

The chatbot revolution has begun. Here’s what agents need to know

Tools such as ChatGPT and Bard are brand new but already revolutionizing online content and the real estate industry. Scroll through Inman’s latest handbook to get the lowdown. Continue reading

Compass scoops up 300-agent indie brokerage in Arizona

The acquisition of Launch Real Estate expands Compass’ footprint at a pivotal time for the company and the industry. Continue reading

Cash to burn: Do real estate’s big players have enough in the bank?

Real estate businesses burned through billions in cash last year. Intel breaks down the biggest companies with the least wiggle room as economic uncertainty stretches into 2023. Continue reading