An epic fall from grace: Realogy’s total stock collapse

NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. They are also shedding more and more poor performing agents, I am told — something most brokers are afraid to do.

An epic fall from grace: Realogy’s total stock collapse

NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. They are also shedding more and more poor performing agents, I am told — something most brokers are afraid to do.

Vacasa’s new board member hints at IPO future

Matt Roberts, the former CEO of OpenTable is joining the board of directors for vacation rental management startup Vacasa.

Trulia founder Pete Flint’s venture firm NFX raises $275M

NFX splits its investments equally between business-to-business companies and business-to-consumer companies but said that out of 3,000 firms seeking money this year it will ultimately only fund 0.5 percent.

Where the billionaires are concentrated

San Francisco is the most billionaire-dense city on earth, but New York City and Hong Kong top it in overall numbers, according to the latest Wealth-X Global Billionaire Census.

Crowdfunding platform buys what’s left of RealtyShares

Six months after crowdfunding platform RealtyShares went bust, another real estate firm has swooped in and acquired what remains of the once-buzzy company.

News Corp. falls short on revenue, touts ‘healthy growth’ in real estate services

News Corp., the parent company of Move’s realtor.com and Australia-based REA Group, beat analysts’ expectations Thursday, posting adjusted third quarter fiscal year 2019 earnings of 4 cents per share, compared to the consensus estimate of 1 cent per share. However, the company also reported a total revenue of $2.46 billion, which fell below expectations of $2.5 billion.

Home leaseback startup EasyKnock raises $215M

EasyKnock will pay off the mortgage and after a two-week closing time, homeowners will receive their equity cash out. From there, can stay in their current home as renters anywhere from three to 18 months (a year and a half) as they search for a new home.

RE/MAX beats estimates with $71.2M revenue in Q1 2019

RE/MAX blew analysts’ expectations out of the water Thursday, reporting $71.2 million in revenue during the first three months of 2019.

Indie brokerage launches unconventional iBuyer program

Texas-based brokerage JP & Associates Realtors announced Tuesday it has teamed up with a tech company to launch an agent-centric cash offer program.