Purplebricks is a ‘cautionary tale’ for all tech disruptors: DelPrete

U.K.-based Purplebricks remains one of the best examples in the world of a real estate disruptor going from zero to one, according to Mike DelPrete. Here’s what we can learn from its journey.
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Does the commission lawsuit spell the end for NAR? The Real Word

This week, Byron Lazine and Nicole White are talking about year-end home sales numbers, Jason Oppenheim’s commission lawsuit comments, and the weekly media review Left, Middle, Right. 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

Home showings dip in December, but slowdown may be easing

Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levels. Continue reading

Offerpad buys more time with $90M raise as end of runway approaches

Private placement with existing investors including CEO Brian Bair extends the company’s cash burn runway by six months to a year, KBW analysts say. Continue reading

2023 may sink some agents — and that may not be a bad thing

Economic downturns have historically shrunk the number of practicing Realtors. But those who stick around can end up doing even more deals, economists told Inman Intel. Continue reading

The ownership revolution, dominating Instagram and understanding the consumer

Three new expert-led classes are available right now. Tune in for the latest industry news, social media advice and consumer behavior trends. Continue reading

Freed from iBuying, Zillow wants more from its mortgage arm in 2023

To outside analysts, it appears Zillow got out of iBuying just in time. Now the company is looking ahead to a post-downturn world. Here are the biggest challenges Zillow will face in 2023. Continue reading

Want to crush it in real estate in 2023? Get ready to be the educator

Real estate agents should prepare to point consumers toward information that will help them navigate a return to a normal, slower market, Anthony Lammachia said at ICNY on Wednesday. Continue reading