REX loses appeal in long-running lawsuit against NAR, Zillow

Judges rule the now-defunct real estate brokerage did not provide evidence of “concerted action” between NAR and Zillow and that the no-commingling rule was “in fact” optional. Continue reading

Agents are less confident about client pipelines, but positive overall

Preliminary results from February’s Intel Index survey show agents pulling back slightly from the confidence they had in recent months about buyer and seller client pipelines improving in the next year. Continue reading

Sports and music greats take the stage at Inman On Tour Nashville

The future of real estate is here, and it’s time to look ahead. In Nashville, we’re doing just that, and we’re giving you the secrets and skills you’ll need to thrive in the next era of real estate. Continue reading

Inflation is cooling. But is the economy about to crash?

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 housing market hits record inventory, Redfin says

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

CoStar closes $1.6B Matterport acquisition ahead of schedule

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

Consumer banking helps Blend weather 2024 mortgage doldrums

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

Rocket’s $649M Q4 profit puts the company in the black for 2024

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

Bad habits, bleak forecasts, no crashes: Inman Top 5

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 on the upswing after Zillow deal despite widening Q4 losses

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