Real estate stocks Redfin and Compass have both dropped roughly 25% over the last five days. Both companies announced layoffs this week as the US housing market stalls under pressure from rising rates. Mortgage applications have plunged, and luxury home sales have dropped 18% year-over-year. Loading Something is loading. Stocks […]
REAL ESTATE BUSINESS
Check out what’s clicking on FoxBusiness.com. Real estate company Redfin laid off 8% of its employees and predicted years of lethargic home buying Tuesday. Redfin CEO Glenn Kelman announced the firings in a public post to the company’s website on Tuesday, saying real estate demand in May fell nearly 20% […]
Real estate companies Compass and Redfin are planning to cut their workforces since housing sales dropped. Both companies submitted filings with the Securities and Exchange Commission showing the layoffs. Compass said they would be laying off 10 percent of workers, 450 employees, while Redfin is firing six percent, 470 employees. […]
The cooling housing market is catching up with Seattle’s real-estate tech companies. With fewer people buying homes, the listing site and brokerage Redfin said Tuesday it would lay off nearly 500 employees. “We don’t have enough work for our agents and support staff, and fewer sales leaves us with less […]
Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Shares of both companies fell Tuesday. Redfin’s stock touched […]
Sealy & Company Acquires Five-Building Industrial Portfolio DALLAS, September 08, 2021–(BUSINESS WIRE)–Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of a five-building industrial real estate portfolio in St. Louis, Missouri, totaling 554,007 square feet. […]
Last updated:September 9, 2021 This is my final article in a series about housing affordability. In previous articles, I talk about the role of the property industry in the housing affordability crisis, public housing’s role in reducing poverty, the tax credits that are shaping our affordable housing industry, and the […]
Danelle McMaster is no stranger to real estate. She has spent 15 years in Aberdeen at a couple of agencies. Now, she has opened her own business, Lunar Realty. Before moving to Aberdeen, McMaster lived in Fargo, N.D, where she ran an office that employed 120 people. That’s where her interests […]
With design offices in Dallas, Seattle and Los Angeles, the duo behind Pulp Design Studios are now rolling out a new branch of their company: a real estate development arm dubbed Pulp Properties. For the new venture, partners Beth Dotolo and Carolina Gentry are starting off with both commercial and […]
One of the main bottlenecks to the growth of the cannabis industry is access to capital. Several businesses in the space have bemoaned the unleveled playing field regarding access to money to grow their businesses. Partly because of the lack of legislative frameworks to support the cannabis industry, businesses can’t […]