After moving in the wrong direction for three months, annual inflation cooled to 2.5 percent in January. But the biggest drop in consumer spending since February 2021 has one model predicting that the economy is shrinking. Continue reading
Florida wrapped up the first month of the year with a record-breaking number of homes for sale, according to Redfin’s latest data analysis. At the end of January, there were 172,209 homes on the market, the most Florida has ever seen. That’s a 22.7 per… Continue reading
Virginia-based portal CoStar Group has finished its acquisition of spatial mapping company Matterport. The companies expected to finish the deal by the end of March, putting them 31 days ahead of schedule. Continue reading
Revenue from Blend’s biggest business, its mortgage software suite, fell 6 percent in 2024 to $73.3 million. A 42 percent increase in consumer banking suite revenue, to $33.7 million, more than made up the difference. Continue reading
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29 percent, to $101.2 billion, and higher profit margins on those loans helped boost net revenue by 34 percent, to $5.1 billion. Continue reading
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading
Redfin posted double-digit revenue growth for Q4 and FY 24 on Thursday. The company’s $100 million Zillow rental syndication deal has opened the door for greater advertising spend, CEO Glenn Kelman said. Continue reading
Learn how this broker-owner has experienced success as solo agent, leader of a high-performing team and co-owner, launching a brokerage that now holds the No. 1 market share. Continue reading
The iBuyer’s $1.1 billion in Q4 revenue wasn’t enough to offset a loss of $113 million. However, CEO Carrie Wheeler said the company entered 2025 as “a leaner, more efficient business.” Continue reading
Total revenue was $169.7 million, up 8 percent compared to a year earlier, boosted by its 1.2 million subscribers as the company bolstered its ongoing revenue streams. Continue reading