Luxury agent Taylor Middleton exits SERHANT. for Douglas Elliman

Described as “one to watch” by Douglas Elliman Executive Chairman Howard Lorber, Middleton will operate out of Douglas Elliman’s flagship office in Manhattan, Inman has learned exclusively. Continue reading

Anywhere shares seesaw after company reports $138M loss in Q1

The brokerage giant spooked investors with its latest earnings report, in which first-quarter revenues were down 31 percent year over year. Continue reading

Fannie and Freddie boost profits even as mortgage business tanks

The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years. Continue reading

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading

Carte Blanche returns to Compass after 3 years with The Agency

The three-person New York City team is returning to Compass to further expand into luxury markets and take advantage of the company’s technology offerings, according to team leader Aaron Seawood. Continue reading

Compass scores 2 new Colorado agents — including a ‘boomerang’

Adana Leonard and Tommy Kanarellis — who’s returning to Compass after a stint at Douglas Elliman — focus on luxury listings and join the brokerage amid fierce competition for top agents. Continue reading

REX gets OK to question Zillow CEO Rich Barton in antitrust suit

Judge Thomas Zilly denied Zillow’s motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX’s counsel about the company’s “Project Bookshelf.” Continue reading

Mr. Cooper says it will use AI to service $1 trillion in mortgage loans

The loan servicer spends “several hundred million dollars a year” on call center operations and expects $50 million in annual savings at the outset of a ‘multiyear’ artificial intelligence project. Continue reading

$3B in volume: World-record holder Ben Caballero sets new one

The Texas agent, who specializes in new construction and routinely tops industry lists, sold more than 6,000 homes last year, setting a new record. Continue reading