Real Estate Industry Overview & Trends
With headwinds in sight for 2024, loanDepot plans to slash $120M in annual expenses following 3 consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon
Cost-cutting helped the Detroit-based mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45B, 2023 mortgage originations are down 46% from a year ago
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it?
'If you love Follow Up Boss now — just wait.' - Zillow President Susan Daimler
Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy
HomeServices of America attorneys filed a motion Wednesday requesting a mistrial in the Sitzer | Burnett trial, saying a video submitted a day earlier jeopardizes its chances for a fair trial
The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers' agents received less attention and took longer to sell
Next week's long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate's most powerful trade organization as it navigates a series of existential challenges
DBRS Morningstar's rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let owners cash out equity in exchange for a stake in their home
Palmquist joined eXp's Michael Valdes on stage to talk recruitment at ICLV over the summer. Now, he's taking his 30-member team to eXp as the brokerage's new director of growth for California
Amidst an industry in turmoil, the real estate female empowerment and advocacy organization has launched a new campaign to 'spur action on behalf of women in real estate'
The mortgage lender said $100M in retention bonuses were distributed to employees in April, as promised, including $50M from Better co-founder and CEO Vishal Garg's personal equity
In a sign of the listing portal's growing influence, Homes.com hit more than 100M unique visitors in September, sparking a 1,290% annual increase in traffic. Now the portal is second only to Zillow
In a message to employees on Monday, Redfin CEO Glenn Kelman cited NAR's harassment scandal and other grievances as reasons for calling on 1,800 Realtors to cancel memberships
The commercial real estate giant is seeking to stop Homesnap founder Guy Wolcott from marketing a new data-transfer platform, which CoStar alleges is 'a copycat' of its own tech
The LGBTQ+ Real Estate Alliance is partnering with the California Association of Realtors, AREAA and NAHREP to combat real estate discrimination against homebuyers from diverse communities
The Denver-based mortgage tech provider is open to more deals after acquiring LenderSelect and Revvin and becoming a one-stop shop for more local lenders during a cyclical market downturn
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