Is Zillow eyeing acquisitions with a new round of capital?
The company is seeking to raise $1B through stock and senior note offerings
May 12
Douglas Elliman reveals mass layoffs, salary cuts on earnings call
The company has laid off 25% of its staff and cut all other salaries by approximately 15%
May 11
Surge in COVID-19 cases greatest risk to market: KW economist
Ruben Gonzalez told Inman that homeowners requesting mortgage forbearance will need to be transferred to a loan restructuring plan to avoid massive foreclosures
May 8
Transactions and volume up at Keller Williams
The company released first-quarter results Friday morning and provided a market update
May 8
Unemployment rate explodes to 14.7% in latest jobs report
Total nonfarm payroll fell by 20.5M in April with heavy losses in leisure and hospitality
May 8
Zillow CEO: 'You're seeing years of technology progress get accelerated down into months'
Rich Barton highlighted how COVID-19 is greatly accelerating the need for technology transformation in the real estate industry on an earnings call
May 7
Redfin, Zillow to resume iBuying
Redfin is returning to homebuying immediately, while Zillow says a return is likely within a few weeks
May 7
Zillow hits $1.1B in revenue in Q1 as losses continue to grow
The full impact of the company's decision to halt homebuying in late March due to COVID-19 is not yet clear
May 7
Realogy, Amazon pause partnership
The company has taken proactive steps to cut costs by up to $100M for every quarter that COVID-19 is impacting the market, Realogy CEO Ryan Schneider said Thursday
May 7
Realogy CEO: Transaction decline may have already peaked
New open home sale transaction volume declined by as much as 50% in April, according to Realogy CEO Ryan Schneider.
May 7
Realogy sees revenue, transactions increase — but losses balloon due to COVID-19
Realogy reported Thursday a net loss of $462 million in the first quarter, with a $447 million COVID-19 fueled impairment charge
May 7
Momentum 'unfortunately interrupted' by virus as RE/MAX reports $70.3M in Q1 revenue
The company failed to meet the consensus estimate of $0.40 adjusted earnings per share, falling slightly under at $0.39 earnings per share
May 6
Massive new iBuyer report gives deep insight into Zillow, Opendoor
The 168-page report from Mike DelPrete takes a look at how the pandemic has impacted iBuyers and how they're positioned to thrive in an era of social distancing
May 6
Orchard builds out its C-suite with two new execs
The real estate startup has brought on its first chief revenue officer and chief technology officer and plans to grow its headcount next year
May 6
Mortgage purchases jump 6%
The 30-year, fixed-rate mortgage hit 3.4% last week, a record low for the Mortgage Bankers of America survey
May 6
Offerpad fully resumes buying with safety certification
The company announced Wednesday its new safety procedures have been certified by HealthyVerify, a health safety organization
May 6
Realtor.com operator Move announces layoffs
A source close to the company told Inman more than 100 employees across Move, the operator of realtor.com, were laid off Tuesday
May 5
How Corcoran keeps agents engaged at the epicenter of the pandemic
The New York City-founded brokerage quickly made its agent studio a learning platform and has seen massive engagement as a result
May 5
EXp World Holdings reports 73% revenue increase in Q1
The company's virtual world platform VirBELA saw its biggest net increase in customers ever in the first quarter of 2020
May 5
Opendoor returns to homebuying with contact-free selling
The company is returning to Phoenix on May 4 and Raleigh-Durham on May 11 with 2 new platforms while updating its self-touring app for buyers
May 4