News

Rocket posts its first loss since going public, and it’s a doozy

Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481

Compass explores possibility of franchising, company says

CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a “more profitable” method of growing the business.  

Affordability, foreclosures, mortgages: How to navigate tough real estate conversations in 2023

Having tough conversations about real estate can be difficult when the news isn’t ideal — but remember that your clients are asking you because they trust you and your expertise.

Quitting time? How brokers can help cash-strapped agents survive

In a market where listings are still scarce, a mid-career agent is having difficulties. What can the broker do for an agent in this position, who is completely strapped for cash?  

BHHS CEO Christy Budnick is ready to dive into the spring market

As “motivator and chief encourager” of Berkshire Hathaway HomeServices, Budnick said she’s bullish about the upcoming year. Agents who get down to business will thrive, she added.  

Brad Inman: Decision-makers, not experts, will forge real estate’s path

The Inman founder kicked off Disconnect in Palm Springs, California, on Monday by calling on real estate leaders to deliver a path forward through the rough patches ahead.  

Rapattoni, Restb.ai advance MLS partnership, service tools

Industry solutions provider of more than 50 years, Rappatoni will leverage the full brunt of Restb.ai’s unique image intelligence capabilities.  

Former KW CEO slams Gary Keller, calls brokerage ‘criminal enterprise’

Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis’s claims are “unsubstantiated, unwarranted, and disparaging.”  

New York’s luxury office towers attract employees back to work

The latest report from the Real Estate Board of New York finds Class A office buildings have higher occupancy rates.  

Fannie and Freddie keep building capital reserves as profits shrink

By one measure, the mortgage giants have built up two-thirds of the reserves needed for them to be released from government conservatorship.