Compass reports $1.1B in quarterly revenue in first public earnings report

A red-hot housing market pushed Compass’ revenue up 80 percent year over year, as the company aims to reduce its net losses and gain market share. Inman has all the details. Continue reading

How long will the housing shortage last? Years — here’s why

Thinking optimistically and knowing a little about U.S. homebuilders and American ingenuity, builders might create an average of 2 million homes annually and achieve a supply-demand balance in about six years. Continue reading

Mohamed Hadid unloads ‘clear and present danger’ spec mansion

The father of supermodels Bella and Gigi Hadid was ordered to tear down the mansion he began building in 2019 along the side of a mountain in Bel Air. Continue reading

3 ways to boost buyers’ confidence in a hot seller’s market

Although guiding homebuyers through a competitive market is a challenge, it’s important to encourage them to be patient and trust the process. Here are a few ways to prepare your clients and help them stay ahead of the game. Continue reading

Think before you post! The line between funny and unprofessional isn’t so fine

The real estate business is insane right now. You’ve got frustrated buyers. You’re (rightfully) frustrated — and humor is a great escape. However, it’s also rife with danger. Here’s why you should think before you post. Continue reading

7 crazy critter encounters in real estate — and what to do about them

Stumbling across snakes, raccoons, coyotes and other wild animals during a showing isn’t ideal — and oftentimes, it can even ruin a deal. Here are some steps to take (and the appropriate disclosures to make) when it comes to unwanted critters. Continue reading

Bright MLS cracks down on abuse of pocket listing rule

A representative for the nation’s second-largest multiple listing service said that the “vast majority” of Clear Cooperation Policy complaints turn out not to be in violation. Continue reading

Guild Mortgage acquires foothold in the Northeast

After going public last fall, Guild Mortgage is expanding its footprint into the Northeast with an agreement to acquire South Portland, Maine-based Residential Mortgage Services Holdings Inc. for roughly $197 million. Continue reading