Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels. Continue reading

Compass names Wendy Forsythe president of 3 western states

“California, Nevada and Hawaii represent our largest market, and we are thrilled to have Wendy onboard to lead our teams and agent entrepreneurs in this key market,” CEO Robert Reffkin said. “Her expertise and dedication to the industry are ideally sui… Continue reading

Alpaca partner Ryan Freedman is on hunt for real estate disruptors

“Reducing friction was yesterday’s play,” Alpaca VC general partner Ryan Freedman told Inman in a wide-ranging interview. He stressed the need for a full suite of industry services. Continue reading

Compass went public 2 years ago. Can it recover from its stock slump?

Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors’ appetite for shares fall significantly. Continue reading

Compass CEO Robert Reffkin calls home offices ‘the killer of culture’

Compass CEO Robert Reffkin talks about stock market downturns, profitability and why brokers need to eschew virtual working to survive. Continue reading

Compass’ Phillip Salem shares their path from fashion to real estate

Ahead of a first-ever Inman Connect New York appearance, Phillip Salem shares their journey from budding fashion mogul to real estate dynamo and the power of authenticity amid a changing market. Continue reading

Mike DelPrete Intel exclusive: Big brokerages spar in race to cut costs

All of the biggest players in real estate are cutting costs, but some are better off than others to weather the storm, Mike DelPrete argues in his first exclusive filing for Inman Intel. Continue reading

What happens when the battle for agent count runs out of steam?

Newer upstarts and legacy companies have spent recent years competing intensely for top agents. But recent data suggests the years of fast growth may be ending Continue reading

Indie brokerages lead the way in 2022 NYC agent growth: Report

In the midst of one of the most confusing markets in recent history, New York City’s independent brokerages led the way in agent count growth and retention — two metrics at the top of most leaders’ minds as we inch closer to entering a mild recession. Continue reading

Meredith Pierson teams up with Missy Jerfita at Compass

Following her departure from Berkshire Hathaway HomeServices, Pierson joined forces with Jerfita to build on Jerfita’s existing team and create the Jerfita Pierson Team at Compass. Continue reading