In a long LinkedIn post Jan. 13, Glenn Kelman, the 20-year CEO of Redfin, announced he was stepping down. Titling the post ‘Unemployed, In Greenland,’ Kelman said Jan. 16 will be his last day in the office, following Rocket Companies officially acquiring the firm July 1, 2025. Rocket CEO Varun Krishna will fill in as…
Above (left) Wong and (right) Martinez REMAX Fine Properties and REMAX Professionals have announced a merger that created the largest REMAX brokerage in Arizona. The combined firm will operate under the REMAX Fine Properties name and includes nearly 350 agents across nine offices statewide. The merger brings together two established brokerages with a combined 141…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass closes Anywhere acquisition In a regulatory filing on Jan. 9, Compass announced that its merger with Anywhere Real Estate was officially closed. The deal has faced much scrutiny from the real estate…
Above, Brian Miranda, left, and Willie Miranda Even as a youngster, the business wheels were turning in Willie Miranda’s head. As the oldest of three brothers, he worked as a teenager at fast food restaurants and pumped gas at a local station. But first, at age eight, he had a paper route, and decided brothers…
Federal Reserve Chair Jerome Powell—a target of personal attacks and intense pressure from President Donald Trump and others in his administration—is now facing a criminal inquiry over renovations to the central bank’s headquarters. In a highly unusual video message posted to the Fed’s website Sunday evening, Powell said that the Fed was served Friday with…
The Keyes Company has announced the addition of The Landmark IV Group (Landmark IV Realty) to its Hollywood office, further strengthening its presence in Broward County and South Florida. Led by broker Janie Berman and her daughter, Amy Berman, Landmark IV Realty has been a fixture in the Hollywood real estate market for decades, known…
Privately owned housing starts in October were at a seasonally adjusted annual rate of 1,246,000, 4.6% below the revised September estimate of 1,306,000 and 7.8% below the October 2024 rate of 1,352,000, according to a Jan. 9 report from the Census Bureau and the Department of Housing and Urban Development (HUD). The starts fell to…
The industry-shaking deal by Compass to acquire Anywhere officially closed today, creating a $10 billion brokerage behemoth that is likely to shift the power balance in real estate both short- and long-term, and shifts ongoing debates around listing transparency significantly more weighty. In a regulatory filing today, Compass said that the merger—first announced back in…
Corcoran Group LLC has announced the launch of Corcoran Wiley, expanding the brand’s presence in Virginia with a new franchise based in Charlottesville. Formerly operating as Wiley Real Estate, the brokerage is led by broker/owners Justin and Peter Wiley and will serve clients throughout Central Virginia and the greater Charlottesville region, a release noted. The…
CoStar, just under two years after launching what it described as the largest marketing campaign in real estate history to promote Homes.com, said yesterday that 2026 will see “meaningful moderation” in its investment in the portal, after some early stumbles sparked pushback from shareholders. In a press release, CoStar Founder and CEO Andy Florance promised…
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