Seasonality is back, iBuying is alive, and other big earnings takeaways

This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy. Continue reading

Compass sees both revenue and losses rise in 3rd quarter

The brokerage brought in $1.74 billion between July and September, but also lost $100 million — way up from both last year and one quarter earlier. Continue reading

Keller Williams sees transactions dip, volume rise in Q3 — but no word on IPO

The company’s latest earnings report reveals that the coronavirus pandemic is still impacting the housing market. Continue reading

What to expect as Compass, Opendoor, Offerpad and Keller Williams release earnings today

How will Opendoor and Offerpad respond to Zillow bowing out of iBuying? How is Compass faring as a fledgling public company? And is Keller Williams nearing an IPO? Continue reading

New Upper East Side condo goes under contract for $66.5M

The deal will combine the two uppermost units of the Bellemont condominium located at 1165 Madison Avenue. In total, the condo will have four full floors occupying about 13,000 square feet, as well as 2,300 square feet of outdoor space. Continue reading

Compass hires new sales executive from Brown Harris Stevens

Fritz Frigan most recently worked as an executive vice president at the New York City-based brokerage Brown Harris Stevens. Continue reading

‘Zero Days on Market’: New study highlights controversial metric

While brokers see the study as reason to re-evaluate NAR’s pocket listing policy, MLSs push back on the study’s conclusions, pointing to a hot market. This is the third story in a five-part series. Continue reading

Zillow sees revenue tick up as tension mounts over iBuyer fallout

The popular portal raked in $1.7 billion during the third quarter of 2021, though it also lost $328 million — much of it from iBuying. Continue reading

Tech takeaways from Inman Connect: Mortgage’s evolution, betting on iBuyers and more

Technology was a central theme at Inman Connect Las Vegas, dominating conversations about indie brokerages, new mortgage providers, iBuying and more. Here’s what you need to know. Continue reading

Listing ‘mafias,’ the Amazon of real estate and other Connect standouts

This year’s highlights included the escalation of a Zillow-CoStar cold war, warnings that the market could turn and countless tips for agents who want to thrive in any kind of market. Continue reading