Plunging prices, net losses, Q3 earnings: Inman’s Top 5 stories of the week, Oct. 28 – Nov. 3, 2022

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Oct. 28 - Nov. 3, 2022.

Real Tea: Meet the cast of Netflix’s ‘Buying Beverly Hills’

"Buying Beverly Hills" drops Friday on Netflix. Here’s a look at the cast and some must-see moments to watch for this season.

‘Is now a good time to buy a home?’: Here’s how to answer

It's the question everyone is asking right now, and the answer depends in part on your knowledge of the market and in part on the client's personal perspective. Jimmy Burgess talks to David Childers, president of Keeping Current Matters, to determine how to answer this essential query.

DwellWell, a buyer-agent matching solution, raises $4.5M seed round

The company is seeking to vet real estate agents as well as it does buyers, seeking those who are tech-forward and able to provide as frictionless an experience as possible.

Douglas Elliman’s revenue declines as luxury inventory shortage lingers

The New York-based luxury real estate brokerage reported consolidated revenues of $272.6 million in third-quarter earnings Thursday, compared to $354.2 million over the same period in 2021.

Selling new construction: 5 tips for working with property developers and buyers

For first-time homebuyers and empty nesters, construction projects such as subdivisions, townhouse complexes and condominiums are often the perfect mix of convenience and ease.

JPMorgan Chase wants to disrupt rent payment: The Real Word

This week: Falling pending sales activity, another option for convenient rent payments, and Left, Middle, Right.

Mr. Cooper announces third round of layoffs affecting 800 workers

Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and announced another 420 layoffs in June.

October saw active listings grow even as new homesellers declined

The month saw active listings grow at a rapid pace even as new homesellers declined annually for the fifth straight month, falling 15.9 percent, according to a report.

Vrbo bookings grew in Q3 amid surge in short-term rental demand

Traveler bookings rose 12.5 percent, to $1.8 billion, in the third quarter compared to the same period a year earlier, according to an earnings call by parent company Expedia Group on Thursday.

Rocket’s profits down 93% as mortgage originations fall

With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion.

RE/MAX hangs onto slim profit in Q3 amid housing downturn

Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday.

Lights! Camera! Google! TV’s most searched for homes

From reality TV to horror films, we can't help but be fascinated by the houses, rooms and walls that surround the people we watch —love 'em or hate 'em.

Opendoor lost nearly $1B in Q3 in ‘once-in-40-years market transition’

In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That's up from a loss of just $57 million during the third quarter of 2021.

‘Great Reshuffling’ could impact elections in Arizona, Nevada: Redfin

Redfin data shows that Arizona and Nevada were the second and third most popular states respectively for people moving away from California in 2020.

Those claims of appraisal bias? Another study backs them up

Homes in white neighborhoods are valued twice as high as those in communities of color, even in places with otherwise similar housing stock, according to a study out this week.

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.

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.

America’s biggest homes are just 30 miles from the country’s tiniest lofts

From Tennessee to Michigan, 18 states lay claim to the country's largest and smallest homes now on the market, according to a new analysis. But the wildest extremes can be found in one region.

Want more options? Make getting a brokers license your winter project

Flexibility and agility are always useful for independent contractors, according to broker Teresa Boardman. Obtaining your brokers license during your downtime gives you more professional options.

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