The Agency’s Mauricio Umansky on what’s hurting brokerages the most

At Inman Connect, Brad Inman and Mauricio Umansky, founder of luxury brokerage The Agency discussed what’s happening in the market now and how it’s impacting brokers and their agents. Continue reading

Spending on construction dipped in July amid market slowdown

Spending on construction in the U.S. has been growing for years, but amid rising rates and a stalling market that trend appears to be coming to an end. Continue reading

Why super long mortgages won’t be a thing, and why that’s good news

Longer loans, including a 50-year concept recently floated in the U.K., are sometimes framed as a way to improve housing affordability. But the experts aren’t convinced. Continue reading

Compass stock, market cap tumbles to new low

The company’s shares ended Monday trading at $10.74, down significantly compared to when they debuted about six months ago. The drop reduced Compass’ valuation to $4.2 billion. Continue reading

Connecting with Keller Williams’ CEO: On inventory and an IPO

Ahead of next week’s Inman Connect, KW CEO Carl Liebert hinted at Keller Williams’ progress toward a stock market debut and talked about how the pandemic will change the industry. Continue reading

Fed expects stronger economic recovery to come

During the most recent Federal Open Markets Committee meeting, the Federal Reserve reiterated its plan to maintain current economic policy until fiscal and economic goals are met. Continue reading

Rates plunge upon December manufacturing surprise, and a new year’s forecast

The biggest news for the bond markets was the release of the U.S. December manufacturing report as indicated by the ISM Manufacturing Index: It plunged to a five month low — the lowest level in a decade. Continue reading