Redfin is increasing agents' fixed pay during market slowdown
Redfin CEO Glenn Kelman will take no salary for the rest of 2020 to help offset some of the cost
by Patrick Kearns Mar 26
Realogy temporarily cuts executive pay amid coronavirus slowdown
Realogy CEO Ryan Schneider is taking a 90% pay cut while his direct reports are reducing compensation by 50%
by Patrick Kearns Mar 25
Realogy is the latest to suspend iBuying
The company's RealSure program is suspending all-cash offers at this time
by Patrick Kearns Mar 24
Foreign real estate 'ground to a halt' amid virus outbreak: DelPrete
Analyst Mike DelPrete said in the latest episode of the Daily Dispatch podcast that the data indicates 'there's going to be a very dramatic drop off in real estate volumes'
by Jim Dalrymple II Mar 23
Keller Williams pledges $20M to reduce coaching costs for agents
The company is making big changes to the cost structure of its various coaching programs for the next 2 months
by Patrick Kearns Mar 19
Stocks plunge in worst day since 1987 and second worst in US history
The Dow Jones dropped 13% Monday, wiping out all gains made under President Trump
by Patrick Kearns Mar 16
Realogy is keeping CEO Ryan Schneider around
The company agreed to a new 3-year contract with its CEO last week — even as its stock price hit an all-time low on Monday
by Patrick Kearns Mar 16
Coronavirus-fueled stock slump is hitting Realogy hard
The industry giant has seen its stock price and market cap more than halved in the past 2 weeks
by Patrick Kearns Mar 11
Realogy taps global tech firm for IT support
The nation's largest real estate holding company signed a 5-year agreement with Mindtree to act as its enterprise IT vendor
by Patrick Kearns Mar 11
In era of disruption, outsider leaders are a key to survival
Numerous leaders at real estate companies today stepped into their roles without prior real estate experience. They say that was actually an advantage
by Jim Dalrymple II Mar 9
Could all-time-low mortgage rates drop even further this week?
The S&P 500 Index's 7% drop triggered a 15-minute halt in trading Monday morning. That investor unease could lead to even lower mortgage rates
by Patrick Kearns Mar 9
SXSW canceled over coronavirus concerns
The gathering is one of the largest events for the tech industry and this year was going to have a panel specifically on real estate
by Jim Dalrymple II Mar 6
NAR cancels conferences as coronavirus chaos continues
The trade organization will no longer hold events this month in San Diego and Los Angeles. The cancellations come as the death toll rises and as financial markets continue to sputter
by Jim Dalrymple II Mar 5
Sotheby's International Realty breaks its own sales record — again
The combined sales volume of the owned brokerages and franchise network of Sotheby's International Realty topped $114 billion globally, according to the company's own metrics
by Patrick Kearns Mar 5
Realogy title company cuts brokerage's commission at seller request
Engel & Völkers Austin sued Independence Title and homeseller Robert Turner, but the court dismissed the case against Independence. Turner is countersuing, alleging breach of fiduciary duty. The case is set for trial on May 4