Compass is planning to get into the mortgage business



Digital real estate brokerage Compass is looking at ways of getting into title, escrow and mortgage services as part of its efforts to generate more revenue. Compass raised a massive $450 million when it went public last month, but the company remains unprofitable and is now looking to generate extra income in order to please […]

Boutique real estate brokerage Side raises $150M



Technology-based real estate brokerage Side Inc. became a “unicorn” today as it raised $150 million in a Series D round of funding that brings its value to more than $1 billion. The round was led by Coatue Management, together with participation from existing investors Matrix Partners, Trinity Ventures and Sapphire Ventures, and brings its total […]

Redfin to acquire RentPath for its apartment listings



Online real estate brokerage Redfin has said it will acquire the apartment search giant RentPath Holdings Inc. and combine that company’s listings with its own platform. The idea is to create a more comprehensive platform where people can search for a home to rent or purchase, Redfin said. The acquisition will add around 20,000 apartment […]

Report: iBuyers shut up shop as coronavirus fight continues



Some of America’s biggest iBuyers – or companies that make instant cash offers on people’s homes – are said to be suspending their services due to the coronavirus outbreak. The companies include Opendoor, the largest iBuyer in the U.S., as well as the iBuying businesses of brokerages such as Redfin and Realogy. Realogy said it […]

Engel & Völkers Belleair relocates its brokerage



Engel & Völkers Belleair today announced that their shop has relocated to a larger, free-standing building in Belleair Bluffs. Double the size of Engel & Völkers Belleair’s previous location, the new space can accommodate more real estate advisors as the brokerage continues to grow and as Engel & Völkers expands throughout the greater Tampa Bay […]

Most home buyers prefer to shop on weekday mornings



Most house hunters prefer to do their searching online during workdays, according to a new survey by real estate brokerage Redfin. The survey found that the peak time for shoppers to search for online listings is between 8 am to 5 pm on weekdays. The most popular time overall is 10 am on Friday, the […]

Too many teams cuts into brokerages’ profits, survey finds



Real estate agents are often attracted to the idea of forming a team so they can share costs, build their careers, network and create a better work-life balance. The majority of real estate brokers have benefited from the team structure, with 80 percent of them saying in a recent survey by marketing firm Imprev saying […]

What People Value In Property Management Companies



The right property management company in real estate can be the key to your success. There are a few things that you should look at while researching a property management company; finding which properties a

Tech-focused brokerage Mdrn. lands $1 million funding to build out its rental platform



Real estate and lifestyle firm Mdrn. and its flexible rental service Stoop has raised $1 million in seed funding, Inman News reported this week.

Redfin launches trials of new concierge service



The company said its first-of-its-kind offering, called Redfin Concierge,