Hawaii to limit vacation rentals amid statewide housing crisis
New legislation will give counties the authority to redefine zoning ordinances to phase out short-term rentals
by Ben Verde May 6
Mortgage rates ease for 3rd day in a row on soft April jobs report
Rates have been in retreat as bond market investors who fund most mortgage loans react to the latest economic news and scaleback in 'quantitative tightening' by Fed policymakers
by Matt Carter May 3
Mortgage trends reflect a diversifying America: Redfin
Rising population rates and a shrinking racial wealth gap have led to a rise in new mortgage applications among homebuyers of color, according to Redfin's latest report
by Marian McPherson May 3
Rocket Mortgage picks up market share — and turns a tidy Q1 profit
On its quest to reclaim the title of nation's biggest mortgage lender, Rocket didn't sacrifice profits, generating $291M in net income as revenue grew 107% from a year ago, to $1.38B
by Matt Carter May 2
RE/MAX revenue drops for 7th consecutive quarter
Total revenue declined by 8.3% YOY to $78.3M during Q1 2024, besting analysts' expectations for it to fall by 9.5%. News comes one quarter into Amy Lessinger's tenure as president
Expedia adjusts full-year guidance amid slump in Vrbo bookings
The firm reported total lodging bookings of $21M for the first quarter across all of its platforms
by Ben Verde May 2
Opendoor revenue dips and losses rise amid Q1 transaction slump
Opendoor drew $1.2B in revenue between January and March, according to first-quarter earnings released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer
by Jim Dalrymple II May 2
The silver lining behind the market's mixed messages
While 2024 is looking like more of the same down market, leading indicators may point to happier days ahead, according to Mike DelPrete
by Mike DelPrete May 2
Bad at math? Let David Childers illuminate the latest data
Keeping Current Matters CEO David Childers and Jimmy Burgess discuss why a relevant market opinion based on facts, not fears, is key for educating consumers and navigating industry changes
by Jimmy Burgess May 2
Rates ease as Fed says it will dial back balance sheet tightening
Fed policymakers will slow the pace of 'quantitative tightening' — an unwinding of the central bank's $7T balance sheet — to $40B a month, less than half the pace envisioned 2 years ago
by Matt Carter May 1
Growth in residential, rental and mortgage segments lift Zillow in Q1
Zillow tallied growing revenue while stabilizing losses in the first quarter of the year as the reigning search portal narrowed in on its post-commission settlement strategy on Wednesday
by Marian McPherson May 1
EXp sees revenue rise, but agent count dips again in Q1
The company earned $943M in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780
by Jim Dalrymple II May 1
Faith in NYCB restored, but worries about some regional banks remain
Wall Street investors believe promises made by new leadership of New York Community Bancorp, but concerns about the impact of interest rates and commercial lending on regional banks remain
by Matt Carter May 1
Help buyers find their right-now home by selling the 10-block radius
No longer is finding the dream home the only consideration when looking for real estate. You must find a community fit for your buyers too, new Inman contributor Charles Banfield writes
by Charles Banfield May 1
Distress in office sector climbs to 12-year high, new report says
$38B in office buildings show signs of distress in downtowns across the nation as the sector continues to struggle through the high rate environment
by Taylor Anderson Apr 30
Engel & Völkers enters Philadelphia, Mexico City markets
Engel & Völkers Philadelphia will be led by Jim Becker, Ed Casella and Logan Rothman, while Mexico City will be helmed by Rodrigo Pérez del Toro and Malusa de Nova
by Lillian Dickerson Apr 30