In a relatively short time, the power dynamics in residential real estate have shifted dramatically. The National Association of Realtors® (NAR) sits alongside portal giant Zillow on one side, and on the other is New York-based venture capital-backed Compass, a new behemoth that has consolidated a huge brokerage empire and appears ready to use its…
Douglas Elliman released its financial results for the third quarter Tuesday morning, reporting 5% year-over-year revenue growth for the first nine months of the year, to $787.6 million. “While others in the industry are pursuing consolidation and platform integration, we remain committed to deepening our leadership in the luxury segment—a category that is synonymous with…
As shared during its recent earnings statement, iBuyer Offerpad acquired only 203 homes in Q3, a 54% drop from its Q2 acquisition rate of 443 homes and a 52% drop from Q3 2024 (422 homes). On the other side of acquisitions, Offerpad sold 367 homes during the quarter, 19% down from the 452 sold in…
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In its first financial report since being acquired by Compass in September, Anywhere Real Estate, in a Nov. 4 Q3 earnings call, showed $1.6 billion in revenue—a 6% increase from the previous year. The company said it is focused on achieving $100 million in cost savings for 2025 and has already identified all necessary savings.…
The acting inspector general of the Federal Housing Finance Agency (FHFA), aka the organization’s “internal watchdog” who polices waste, fraud and abuse, has been removed from his position, as reported by Reuters. The FHFA website now designates the position as vacant. Joe Allen is the latest in a chain of several other watchdogs who have…
Above, Gretchen Coley Gretchen Coley grew up poor, waiting tables and doing menial chores to pay her way through the University of North Carolina at Charlotte. She took her degree in finance to Wall Street, where she interned long enough to realize that neither trading nor the New York vibe suited her taste for gracious…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass’s request for Zillow/Redfin documents currently denied This past week saw new developments in the ongoing litigation between Compass and Zillow, the crux of which is Compass’s objections to Zillow’s new rules that remove listings…
Ahead of the Nov. 18 hearing over its legal challenge to Zillow’s new listing rules, Compass filed a supplemental brief against the portal, accusing it of weaponizing its dominance in the home portal market to crush competition and force home sellers and agents to list properties on its platform first. In the pre-hearing brief submitted…
They’re the opposite ends of the home-buying spectrum. One phrase lights up a potential owner’s face, while the other forces a frown. The former is a no-brainer for you, the agent, while the latter can test your ability to keep a client in check. It’s plug-and-play versus quasi-fixer-upper. It is easy to accentuate the positives,…
“In a housing market that’s bouncing along the bottom, Zillow continues to outperform both our outlook and the broader industry,” claimed CEO Jeremy Wacksman during the company’s Q3 2025 earnings call on Thursday, October 30. The call took on a congratulatory tone as Zillow leadership spotlighted strong financial performance and Zillow’s consumer and agent-facing initiatives,…
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