Pacaso plans to launch ‘bespoke’ co-ownership mortgage in Q4

A new $100 million credit facility with Texas Capital Bank will enable loans to be originated by a third-party, then securitized and sold to investors in non-qualified mortgages. Continue reading

If Fannie and Freddie go public, what happens to mortgage rates?

Impact on rates depends on the structure of rumored IPO. Whatever the plan turns out to be, the Trump administration has stacked the boards at the mortgage giants with its supporters. Continue reading

Trump bump flattens for luxury homebuyers in Silicon Valley

The area’s high-end homebuyers, many of whom work in tech, don’t take market fluctuations well, largely because their wealth is typically generated through IPOs and stocks. If the stock market is in a tizzy, they won’t be buying real estate. Continue reading

Keller Williams takes on major investment from CoreLogic owner

CoreLogic parent Stone Point Capital is investing in Keller Williams as part of what the firms described as a plan to accelerate growth and fuel innovation, Inman has learned exclusively. Continue reading

‘Substantial doubt’ that WeWork can stay afloat, company says

By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading

8 big reveals from Mauricio Umansky’s book ‘The Dealmaker’

From helping to launch the Mexican Olympic ski team to fresh insights into his split with Hilton & Hyland, the book is full of interesting anecdotes about Umansky’s life paired with the lessons that came out of those experiences. Continue reading

Keller Williams’ sales dip in US as agent count takes big leap overseas

Transaction sides fell 18.2 percent year over year for a total of $472.9 billion in sales in 2022, a 12.5 percent decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage. Continue reading

Compass faces first downturn amid pressure to cut costs

The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn. Continue reading

Keller Williams parent company CEO Carl Liebert departs

Carl Liebert took the reins of Keller Williams parent company kwx in 2020. Following his departure, top executives will now report directly to company co-founder Gary Keller. Continue reading

Why are proptech companies flailing on the stock market?

At Inman CEO Connect on Tuesday, First American Chief Innovation Officer Paul Hurst broke down what’s going on with the stock market and why SPAC mergers are so popular. Continue reading