Issue
A closer look at Compass’ trail of litigation over its business tactics
Defrauding agents. Illegal telemarketing. Encouraging breach of contract. Stealing trade secrets from rival firms. These are just some of...
New York
“Open House” host Sara Gore joins Ryan Serhant’s brokerage
As longtime host of NBC’s “Open House,” Sara Gore has toured through hundreds of luxury properties. Now she’ll also...
Issue
Millions of homeowners remain vulnerable as forbearance winds down
Theresa Battle’s first thought each morning is whether today is the day she’ll lose her two-story house in Jamaica,...
Homebuilder sentiment slides to 10-month low in June
The National Association of Home Builders/Wells Fargo Housing Market Index — which tracks homebuilder confidence in current and future...
Opendoor expands to Miami, 5 additional markets
As Opendoor hits a new milestone, the iBuyer is rolling out its operations in six new cities. Effective Tuesday,...
Issue
Real estate at risk: Industry vulnerable to data breaches
In 2018, the company that manages the Brooklyn condominium where cybersecurity expert Roman Sannikov lives was hacked. The hacker...
Existing home sales decline another 2.7 percent in April
Nationwide home sales slowed again in April as prices continued climbing amid scarce inventory. Existing home sales dropped 2.7...
New York Issue
The Closing: Scott Durkin
Scott Durkin doesn’t mind playing second (or third) fiddle. The president and COO of one of New York’s largest brokerages doesn’t bask in his title. Instead, he operates with a light touch, favoring delegation...
Compass revenue soars 80% in Q1
UPDATED, May 12 2021, 6:35 p.m.: The bar was set high for Compass’ first quarterly earnings report as a public company. The brokerage, which went public on April 1, reported $1.1 billion in revenue...
Elliman reports $14M quarterly profit, 65% revenue jump
Douglas Elliman’s revenue surged in the first quarter and Howard Lorber believes this is only the beginning. The brokerage’s...