In a memo obtained by Inman, Compass Chief Executive Robert Reffkin tells agents that an initial public offering will allow the company to invest in more tools and support
But how people are finding those homes has changed, according to a study released by the real estate tech company.
The company will be listed on NASDAQ under the ticker symbol 'OPEN'
The 200-page report covers everything from NAR's pocket listing policy to how COVID-19 impacted the industry
'Everybody has to get sharper,' Lacey Merrick Conway told Inman on the challenges of running a brokerage in today's industry and amid a global pandemic
The real estate sector — which includes rental and leasing — added 8.5K jobs on a seasonally adjusted rate in November and actually lost 3K jobs if unadjusted for seasonality
The average rate for a 30-year, fixed-rate mortgage fell to 2.71%, the lowest number ever recorded by Freddie Mac's weekly survey of rates, which dates back to 1971
The deal with New Home Star is a first for Offerpad, whose Homebuilder Alliance program counts more than a dozen direct builder partnerships but, until now, no sales firms
8 of the region's top brokerages are launching a Buyer Graph tool in conjunction with real estate tech company RealScout
The acquisition further entrenches Latter & Blum's position as the biggest real estate brokerage in the Gulf South
The brokerage is suing Oregon officials, including Gov. Kate Brown, for 'antitrust' practices, alleging a law that bans brokerages from providing rebates harms consumers
Total iBuyer purchases plummeted 82% year over year in Q3, according to the report
It's the 6th international market for the virtual, cloud-based real estate brokerage
The regulatory agency argued in a complaint that the move increases concentration in the rental listing space, eliminating the competition that drives advertising prices down
Danielle Wilkie, who joined Compass in 2019, will serve as central president, a newly created position, to oversee 4,000 agents in markets including Colorado, Texas and Chicago
The Pending Home Sales Index, an indicator of future sales based on contract signings, rose 20.2% from October 2019, according to the National Association of Realtors
Inventory continues to be an issue, with an estimated 3.3-months of supply at the current sales rate at the end of the month, down from a 3.6-months supply at the end of September
Mortgage rates fell to 2.92% this week, down from 2.99% the week previous, according to new Mortgage Bankers Association data released Wednesday
Home prices rose 7 percent year over year in September as the hot housing market continued into fall, according to the latest analysis from Case-Shiller
Will CoStar be more industry-friendly? What happens with MLS data? Agents are full of questions after CoStar acquired Homesnap
