In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer. Continue reading
The expansion comes as 85 percent of homeowners with a mortgage have a rate far below the current 7 percent yet high equity in their home. Splitero said expansion plans will continue in other states in 2023. Continue reading
The real estate industry is in the midst of a massive financial reckoning. Amidst this turmoil, the industry is bifurcating into predators and prey — companies that have the resources to expand through acquisition and those burning cash that are vulner… Continue reading
The latest round of cuts comes after the company laid off 10 percent of its workforce in June. Side’s layoffs are among dozens of others in the housing industry this year. Continue reading
During Inman Connect on Tuesday, Gary Keller discussed an array of topics with Inman founder Brad Inman. Keller said companies have to focus on “dollars in, expenses out” as they reach for profitability. Continue reading
The typical home in a suburban neighborhood was worth $206 per square foot during the four weeks ending Sept. 25, just above the typical urban home which was worth $205 per square foot, according to Redfin. Continue reading
Median monthly rent in the largest metropolitan areas of the United States dropped for a second-straight month in September to $1,759, according to a report released Thursday by Realtor.com. Continue reading
Heads will roll and company valuations will sink so low that new outsiders will opportunistically make big acquisitions, Brad Inman writes. Real estate’s Masters of the Universe are on notice. Continue reading
Shares in Opendoor, Offerpad and Redfin all hit all-time low prices Friday. The milestones come after months of declines for companies across the real estate space. Continue reading
Tour requests to Redfin agents fell 7 percent, and mortgage applications declined 13 percent during the week ending Oct. 1. “Mortgage rates well over 6% are spooking homebuyers,” Redfin says. Continue reading