The company has slashed its workforce by 11 percent since last June, according to U.S. Securities and Exchange Commission filings. The moves come following months of housing market declines.Original link...
A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. "The balance of power in the rental market is rapidly shifting to renters."Original link...
In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years.Original link...
Keller Williams President Marc King told Inman he was confident in the brokerage's path to success in 2023 despite a few bumps on the road to becoming the "Disneyland" of real estate.Original link...
