Keller Williams posts ‘less than pleasing’ 3% drop in sales volume

After four straight quarters of declines in transaction volume, new listings, projected closings and written contract volume, Keller Williams’ year-to-date sales volume finally took a three percent tumble to $414.7 billion. Continue reading

Share of first-time buyers plummets to lowest level since 1981: NAR

Rising home prices, mortgage rates and inflation slashed the share of first-time buyers down to 26 percent — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981. Continue reading

Compass agrees to waive broker fees for NYC Section 8 renters

Compass must waive broker fees for the first 25 Section 8 renters who lease a property through the brokerage, said New York’s Attorney General, as part of the new terms to an April housing discrimination settlement. Continue reading

Revenues rise and profits fall for eXp amid a ‘challenging’ Q3

EXp World Holdings revenue increased 12 percent to $1.2 billion during the third quarter of 2022; however, its profitability slid 81.5 percent to $4.4 million — a reflection of an increasingly choppy market. Continue reading

Watch these (real estate) horror movies for a frightening ghool time

We’ve scoured the pages of IMDB, Inman and streaming services to find you the newest content and the oldies but goodies that’ll get you in the mood for Halloween. These movies and shows all have one thing in common: real estate Continue reading

Expect more mergers, acquisitions, consolidations and liquidations: Mike DelPrete

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

Zillow launches street-view home searching with Apple Maps

Homebuyers can now get a street-view look at listings, thanks to Zillow’s newest integration with Apple Maps. Dubbed “Look Around,” the feature is available in 19 markets. Continue reading

CMS seeks to set ‘gold standard’ in mortgage origination technology

With backing from Canadian software giant Constellation Real Estate Group, Constellation Mortgage Solutions will debut its new NOVA loan origination solution at the MBA annual conference. Continue reading