Redfin sees revenue fall, losses mount amid tough market in Q4

The portal and online brokerage saw revenue fall 25 percent year over year during the fourth quarter of 2022, and lost a total of $61.9 million, according to an earnings call Thursday afternoon.

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Richard Hottinger and team return to Douglas Elliman after 7 years

Hottinger, whose team was previously affiliated with Corcoran, returned to Elliman to gain a firmer foothold in Miami and for development project opportunities, he told Inman exclusively.

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Builders still on bumpy ride, but demand may have bottomed out

New-home starts took a hit in January but remain higher than they were in November. And builders see a path forward to stronger sales, according to a new report from the U.S. Census Bureau.

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Keller Williams launches new franchise in Germany

Keller Williams has opened its first master franchise in Germany, according to an announcement early Thursday. KW Germany will operate out of Berlin and serve Germany's top seven real estate markets, Keller Williams Worldwide President Bill Soteroff explained.

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‘Charge the storm’: What to watch at Keller Williams’ big Family Reunion

Texas-based franchisor Keller Williams is hosting its annual Family Reunion conference in California Friday through Wednesday. Here are the sessions, speakers and events you can't miss.

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WeWork hits an earnings milestone in Q4 — but remains deep in the red

The embattled coworking giant posted a 75 percent quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26 million in losses, according to Q4 earnings on Thursday.

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Broker Spotlight: Jerry Pinkas, Jerry Pinkas Real Estate Experts

Find out how this broker parlayed an early interest in real estate investing into a career as head of one of Myrtle Beach's most popular brokerages.

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More than ‘support’: How to embrace diversity, equity and inclusion

Real estate leaders have an important responsibility to help create a world without obstacles to homeownership. Allies who actively engage in and promote diversity, equity and inclusion can help be a force for change. 

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Innovation insights, listing luxury properties and adding $1M to your bottom line

Watch the latest classes with Inman Access to learn from the experts across a wide range of topics to keep you ahead of the competition.

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Divvy Homes’ employees say there has been another round of layoffs

Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday.

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Pacaso firms up co-ownership union with HomeServices of America

Pacaso’s model gives luxury agents something new to offer clients, as well as opens their representation services to buyers who were once shutout of the traditional second-home market.

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Matterport Digital Pro offers listing agents all-in-one marketing package

Matterport Digital Pro includes 3D tour, 25 or more high-end still photos, a static 2D floor plan and a 10-15 second preview reel.

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Corcoran Legends Realty acquires Renwick Real Estate

The Westchester County-based Corcoran Group franchisee has welcomed the long-standing independent brokerage to its ranks, adding 16 agents and one new office.

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Compass team in New York departs to start joint venture with Side

Charlie Homet and John Brandon launched a boutique brokerage called Archpoint Advisory Partners in partnership with Side, focusing on properties in Brooklyn and downtown Manhattan.

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Zillow sees revenue dip in Q4, but manages to trim losses

The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon.

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Demand for purchase loans sinks as mortgage rates rebound

Mortgage rates have been inching up from 2023 lows following a strong jobs report and January's Consumer Price Index readout, which shows only a slight cooling in inflation.

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Artist’s psychedelic hula-hooping home lists in Colorado for $560K

A rainbow escape awaits the buyer of a psychedelic home in Colorado Springs where the house's interior is a colorful array of faux fur, murals, funky light fixtures, art installations and more.

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Homebuilders are feeling a lot more optimistic as market begins to thaw

Builder confidence rose seven points in February, to 42, according to the latest NAHB Housing Market Index. It's the highest score since September and the largest one-month increase in a decade.

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Ex-rivals Opendoor and Zillow debut new partnership in Atlanta, Raleigh

Homeowners in Raleigh and Atlanta can ask for a cash offer from Opendoor and get an estimate from Zillow about what their home might sell for on the open market.

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National Association of Realtors’ Canadian twin is betting big on tech

The Canadian Real Estate Association, which owns and controls Canada's most popular listing site, is spinning off into a tech company. Ex-CREA Chair Cliff Stevenson shared what's in store.

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