Rocket seeing ‘awesome early data’ from Redfin acquisition

CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to “cross pollination” of leads, agent referrals and mortgage applications. Continue reading

Compass boasts 10 all-time high metrics in 2nd quarter earnings

Revenue was up 21.1 percent year over year to $2.06 billion, marking a new all-time high for the brokerage. Transactions were also up 20.9 percent year over year, even as transactions in the market overall dropped by 0.9 percent. Continue reading

Structuring high value joint ventures for real estate brokerages

Many real estate brokerages have used joint ventures successfully to enter mortgage, title, insurance or property management verticals, Phillip Cantrell writes, increasing profitability and client retention. Continue reading

Condo sales fall to 10-year low amid surge in insurance costs, HOA fees

While home purchases by investors rose 2 percent annually in the first quarter — to 46,726 transactions — condo sales declined by 3 percent, to just 8,509 units, according to data released Wednesday by Redfin. Continue reading

7 critical questions to ask before opening an expansion office

Troy Palmquist taps Charlotte, North Carolina, real estate CEO David Hoffman to share the lessons he gleaned from opening a new expansion office. Continue reading

Compass grew virtually every metric that matters in Q1

Despite a slower housing market, the brokerage’s revenue grew 28.7 percent year over year in the first quarter while transactions rose 27.8 percent. Continue reading

Vrbo slapped over Super Bowl ad after Airbnb complaint

Airbnb challenged the commercial, along with ads that included a “desperate” and “confused” billboard near Airbnb’s headquarters in San Francisco. Continue reading

Vrbo slapped over Super Bowl ad after Airbnb complaint

Airbnb challenged the commercial, along with ads that included a “desperate” and “confused” billboard near Airbnb’s headquarters in San Francisco. Continue reading