News

Demand for purchase loans sinks as mortgage rates rebound

Mortgage rates have been inching up from 2023 lows following a strong jobs report and January’s Consumer Price Index readout, which shows only a slight cooling in inflation.  

Zillow sees revenue dip in Q4, but manages to trim losses

The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon.  

Compass team in New York departs to start joint venture with Side

Charlie Homet and John Brandon launched a boutique brokerage called Archpoint Advisory Partners in partnership with Side, focusing on properties in Brooklyn and downtown Manhattan.  

Corcoran Legends Realty acquires Renwick Real Estate

The Westchester County-based Corcoran Group franchisee has welcomed the long-standing independent brokerage to its ranks, adding 16 agents and one new office.  

Matterport Digital Pro offers listing agents all-in-one marketing package

Matterport Digital Pro includes 3D tour, 25 or more high-end still photos, a static 2D floor plan and a 10-15 second preview reel.  

Pacaso firms up co-ownership union with HomeServices of America

Pacaso’s model gives luxury agents something new to offer clients, as well as opens their representation services to buyers who were once shutout of the traditional second-home market.  

Divvy Homes’ employees say there has been another round of layoffs

Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday.  

Innovation insights, listing luxury properties and adding $1M to your bottom line

Watch the latest classes with Inman Access to learn from the experts across a wide range of topics to keep you ahead of the competition.  

More than ‘support’: How to embrace diversity, equity and inclusion

Real estate leaders have an important responsibility to help create a world without obstacles to homeownership. Allies who actively engage in and promote diversity, equity and inclusion can help be

Broker Spotlight: Jerry Pinkas, Jerry Pinkas Real Estate Experts

Find out how this broker parlayed an early interest in real estate investing into a career as head of one of Myrtle Beach’s most popular brokerages.