Tag Archives: News Brief

Existing-home sales tank 8.4% in January amid winter chill

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Homebuyers were likely dissuaded by extreme winter weather and shifting rates, causing existing-home sales to see a significant decline in January. Continue reading →

Existing-home sales tank 8.4% in January amid winter chill

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Homebuyers were likely dissuaded by extreme winter weather and shifting rates, causing existing-home sales to see a significant decline in January. Continue reading →

California agent fesses up to $9M Ponzi scheme

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Since 2018, Matthew Campbell used at least $2.29 million in newly acquired investor funds to pay previous investors and keep up his scheme. Continue reading →

Judge orders Zillow and Redfin to provide docs in $100M rental syndication case

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A legal filing submitted last week requests a number of communications between Zillow and Redfin employees related to the firms’ rental syndication agreement. Continue reading →

Markets in the South emerge as big losers in annual home price growth

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Several Southern markets that entered a boom phase during the COVID-19 pandemic are facing a market correction now as home prices continue to normalize. Continue reading →

Realtor.com reports growth as parent CEO calls rival Homes.com ‘at least a fixer-upper’

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Realtor.com’s parent company saw revenue increase 10 percent year over year. The CEO of the firm that owns the portal took the opportunity to call rival Homes.com a potential “knockdown.” Continue reading →

2nd CoStar investor urges giving up on Homes.com amid losses

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New York City-based hedge fund D. E. Shaw & Co. on Wednesday criticized the board’s “reckless” spending on the portal while continuing to push back its timeline for profitability. It also called into question CEO Andy Florance’s generous cash and … Continue reading →

Ryan Schneider leaves Anywhere following acquisition by Compass

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The former CEO quietly left the company as of the close of its merger with Compass, a rep confirmed to Inman. Former Anywhere CTO Rudy Wolfs also left in the wake of the transaction. Continue reading →

New strategic partnerships yield 2 new AI platforms

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AI platform Purlin and offer negotiation marketplace Final Offer have merged to create an all-encompassing, end-to-end AI platform, while celebrity agent James Harris has teamed up with Afterpay co-founders to launch the residential real estate AI oper… Continue reading →