Pending home sales trend up for first time since last spring

In a positive sign for the real estate industry — and the spring homebuying season — pending home sales rose in December for the first time since May 2022, increasing 2.5 percent from November. Continue reading

Compass went public 2 years ago. Can it recover from its stock slump?

Compass went public in April 2021, and ever since then the New York-based brokerage has weathered a market downturn and seen investors’ appetite for shares fall significantly. Continue reading

These are the mistakes that thwart brokers’ success

Panelists at Inman Connect New York on Tuesday said that brokers err by not having written plans, not being flexible and other shortcomings. Continue reading

How Offerpad execs plan to pivot from seller’s to buyer’s market

Executives at the iBuying pioneer see tremendous opportunity if they can negotiate today’s challenging “in-between” phase where buyers and sellers are on the fence. Continue reading

Mike DelPrete Intel exclusive: Big brokerages spar in race to cut costs

All of the biggest players in real estate are cutting costs, but some are better off than others to weather the storm, Mike DelPrete argues in his first exclusive filing for Inman Intel. Continue reading

Kelman: ‘I probably should have closed the iBuying business earlier’

Redfin’s CEO told the “AP” he wishes he’d closed RedfinNow earlier than during the market correction taking place, calling the business model too risky and expensive. Continue reading

Rent growth slows to smallest rate since July 2021

While the 4.8 percent growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month. Continue reading

Glenn Kelman calls millennials ‘the roommate generation’

For years, real estate professionals have looked to millennials to push the housing market forward as previous generations slow their homebuying and homeselling activities. However, several obstacles — overwhelming student loan debt, stagnant wage grow… Continue reading