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Renting becomes sign of wealth as many opt against homebuying

Mar 11, 2025

A recent Redfin analysis of U.S. Census Bureau, MLS and county records from 2019 to 2023 found that in 35 of the 50 largest U.S. metro areas, wealthy renters are taking over the rental market. Certain cities, including San Jose, California; Raleigh, North Carolina; Orlando, Florida; Buffalo, New York; and Tampa, Florida, have seen a surge in wealthy renters compared to pandemic numbers. 

Pam Liebman: Most listings should be ‘shared amongst everybody’

Mar 11, 2025

The CEO of Corcoran appeared at Inman on Tour Nashville Tuesday and expressed support for Clear Cooperation. She also said the best market is simply one where agents can transact.

Ed Zorn and Phillip Cantrell to agents: Stop sharing commissions

Mar 11, 2025

Agents and brokers need to step up by embracing transparency and allowing consumers to negotiate commissions, the duo said during an Inman on Tour panel in Nashville Tuesday morning.

6 named to NAR REACH Australia’s latest class

Mar 11, 2025

Six innovative companies from Down Under have been named by Second Century Ventures as members of the 2025 cohort for REACH Australia and New Zealand.

Douglas Elliman wraps 2024 with hefty $76M net loss for year

Mar 11, 2025

The company squeaked out of 2024 with improved quarterly losses, even though net losses for the year were significant. CEO Michael Liebowitz expressed optimism for the firm's future.

Connor Fields: From Olympic gold to overcoming adversity

Mar 11, 2025

On Tuesday, Olympic Gold Medalist Connor Fields took the stage during his Inman On Tour Nashville session "Unstoppable: Building Resilience in the Face of Adversity," where he delivered a message about persevering and overcoming adversity.

Rocket: Redfin acquisition will cut consumer transaction costs by half

Mar 11, 2025

Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes.

LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook

Mar 11, 2025

While mortgage originations were up 34 percent from a year ago, to $7.2 billion, company executives said they don't expect lending to surpass $5.5 billion in Q1 2025.

The top 1% could buy nearly all homes in the US with their wealth

Mar 11, 2025

The value of America's nearly 100 million homes hit $49.7 trillion at the end of 2024, as the combined net worth of the wealthiest 1 percent of Americans hit a record $49.2 trillion, according to a Redfin analysis.

Tomo Mortgage secures $20M in Series B funding round

Mar 11, 2025

Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20 million in a Series B funding round, bringing its total investment to $130 million, company executives announced Tuesday.

Krishna, Kelman dish on the future of ‘the Rocket-Redfin experience’

Mar 11, 2025

Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman shared with Inman why they agreed to merge as part of a $1.75 billion acquisition. AI, data and a complete consumer experience were at the center of it.

5 smart tips for future-proofing your real estate business

Mar 11, 2025

Real estate is evolving, Luke Babich writes, and it’s up to you to keep up with the latest technological advances or risk falling by the wayside.