Brokerage executives predict falling profits, economic decline in 2023

Real estate leaders are pessimistic about the state of the economy, but nevertheless upbeat about their ability to take share in a chaotic market, according to a new survey from Delta Media Group.

‘The gate is beginning to open’: Big inflation drop may aid homebuyers

The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers' budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics.

5 can’t-miss sessions at Inman Connect New York

Join us in person or virtually to learn from the best strategists, visionaries and agents in the game Jan. 24 through 26.

Lessen gets bigger, acquires industry counterpart SMS Assist

Lessen, a company that builds software to support the business operations of single-family rental investors and multifamily landlords has acquired SMS Assist, a facilities maintenance technology company.

This is the year when ‘agents have to go deep’: BHGRE’s Barry Jenkins

Barry Jenkins, Better Homes and Gardens Native American Group chief marketing officer, sat down with Inman ahead of his appearance at Inman Connect New York.

Billionaire fashion mogul Tom Ford buys $51M mansion in Palm Beach

The founder and CEO of Tom Ford International bought the property after agreeing to sell his fashion label to Estée Lauder back in November, according to new reports.

Christie’s strikes up new partnership with an old U.K. firm

Carter Jonas, a firm founded in 1855 with 34 offices throughout the country, will now become Christie's exclusive affiliate in the United Kingdom.

Inman unveils inaugural 2023 Power Players awards

With its inaugural Power Players list, Inman recognized more than 120 industry leaders for their influence and ingenuity as it kicks off a year of expanded awards.

What agents want in team culture (Hint: It’s not Top Golf and Taco Tuesdays)

The culture at your brokerage is key to retaining your team during this downturn. Livian CEO Adam Hergenrother says leadership needs to focus on production tools, not snacks and outings.

The numbers you need to nurture buyers and sellers through a shift

When your clients are seeing doom-and-gloom headlines, it's important to be able to crunch the numbers and give them the facts.

It’s time to take millennial homebuyers seriously. Here’s how to win them over

Expert Luke Babich shares his best advice for agents who are looking to build relationships with millennial homebuyers. Your marketing messages should be different for each audience, and these tips should help you connect quickly for optimal results with this tech-savvy generation.

Foreclosure activity doubled in 2022 but remains historically low

While the nation continues moving away from the pandemic-era lows, it's doing so very slowly and well below rates seen during the Great Recession.

Hines taps new CEOs for regions across North and South America

Steve Luthman was picked to lead the Midwest, Southeast and Canada regions; and Syl Apps will head the South America region, the company announced on Wednesday.

Zavvie raises $3.65M, bets on alternative homebuying preferences

The company also announced Second Century Ventures Managing Partner Tyler Thompson will join zavvie's board of directors.

PlanetRE integrates Chat GPT to inspire agent content marketing

The company intends to make it easier for agents to generate useful, engaging content. "Humans have worked hard for a long time. It is time machines do the heavy lifting from here on," said CEO of planetRE Subrao Shenoy.

Facebook announces new system to avoid housing ad discrimination

The company launched its Variance Reduction System this week, a provision in the settlement Meta worked out with the U.S. Department of Justice.

Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence

Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent.

Meredith Pierson teams up with Missy Jerfita at Compass

Following her departure from Berkshire Hathaway HomeServices, Pierson joined forces with Jerfita to build on Jerfita's existing team and create the Jerfita Pierson Team at Compass.

Compass faces first downturn amid pressure to cut costs

The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn.

Pacaso launches low-down payment option for new second home buyers

With Pacaso Now, the company is offering a 5 percent-down payment option for a one-eighth share, thereby providing second home buyers 3 options after 12 months, according to an announcement.

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