The fast-growing brokerage earned $2 billion in revenue during the second quarter of the year, but also saw losses rise to $101 million, according to an earnings report issued Monday. Continue reading
Americans heading abroad for the summer, former Hamptons renters becoming homeowners and a surplus of inventory have all led to the market’s landlords slashing their rental prices this summer. Continue reading
In a heartfelt letter posted on LinkedIn, Compass founder and CEO Robert Reffkin addressed his company’s stock market troubles and cast his vision for the future. Continue reading
The popular portal raked in $1.7 billion during the third quarter of 2021, though it also lost $328 million — much of it from iBuying. Continue reading
A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory “fairly conspiratorial,” and iBuyers themselves said they still have a tiny share of the market. Continue reading
During a conversation with Brad Inman at Connect Now, Greg Schwartz said “mortgage is the catastrophe of the real estate transaction,” and shared how Tomo is changing that Continue reading
During a conversation with Brad Inman at Connect Now, Greg Schwartz said “mortgage is the catastrophe of the real estate transaction,” and shared how Tomo is changing that Continue reading
The iBuyer also experienced a loss of $144 million between April and June, and sold a total of 3,481 homes. Continue reading
Formerly a commercial real estate agent, Dan Noma, Jr. has focused his work on institutional investors for more than a decade. Here, he shares what he’s learned and why agents should consider this sector of the industry. Continue reading
Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. after a competitive bidding process. Continue reading