Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

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Real Estate Brokerage Sellers Law 418

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas.

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Real Estate Realtors Realty Buyers 410

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Only 1% of respondents say they are restructuring their compensation model.

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Real Estate Brokerage Agents Training 387

Housing Wire

OCTOBER 24, 2022

Real estate brokerage and services company Anywhere Real Estate announced last week that it is appointing Tony Kueh as its first chief product officer. Earlier this month, the company settled a legal battle that started in 2019 with real estate brokerage Compass.

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Real Estate Brokerage Technology Modernization 392

Housing Wire

NOVEMBER 13, 2023

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. It’s true that Brookings did their study back in 2019 and there has been a surge in equity values in the past four years, but still.

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Real Estate Realtors Agents Buyers 357

Housing Wire

NOVEMBER 25, 2020

The pandemic has shifted the pecking order of the real estate industry’s location-location-location axiom for many homebuyers — high-cost and high-density urban is out, while suburban is back in vogue and rural is experiencing a bit of a revival. A deal for me is a property I can buy for under $100,000, typically.”.

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Real Estate Investors Marketing Buyers 545

Housing Wire

FEBRUARY 9, 2021

The National Association of Real Estate Brokers has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents. Black Americans represent less than 6% of all real estate professionals in the U.S.,

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Real Estate Agent Real Estate Agents Training 500

Housing Wire

NOVEMBER 17, 2021

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. Real estate team profitability is stunning.

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Real Estate Brokerage Agents Advertising 383

Eyes on Housing

OCTOBER 5, 2021

In 2019, the difference between average real estate taxes paid by New Jersey and Alabama home owners was $7,974. New Jersey continued its perennial distinction as having the highest average real estate tax bill per home owner ($8,687) as well as. Read More ›

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Property Taxes Real Estate 207

Housing Wire

JANUARY 18, 2022

Anthony Hsieh, the CEO of loanDepot , has been buying some pricey real estate in Florida, pushing his portfolio of properties to over $150 million. As was first reported by the The Real Deal , Hsieh has dropped approximately $50 million dollars on two properties located in Miami since the start of this year.

Real Estate 381

Real Estate Retail Investors Clients 381

Housing Wire

APRIL 28, 2021

In 2002, Natalya Delcoure and Norman Miller, two real estate economists, set about to learn what fees consumers pay real estate agents in America. They were especially interested in real estate commissions. On average 6% of the proceeds from each home sale went to the participating real estate agents.

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Real Estate Real Estate Agent Agents Brokerage 359

Housing Wire

SEPTEMBER 2, 2021

Bay Area-based HomeLight , a proptech platform aimed at expediting and simplifying the real estate process, announced it has raised a combined total of $363 million in new funding. According to a Thursday release, the round was led by Zeev Ventures – the same VC to lead HomeLight’s $109 million Series C back in 2019.

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Real Estate Buyers Sellers Investors 325

Housing Wire

SEPTEMBER 16, 2021

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2018, 1% of surveyed brokerages said their business came from open houses. million in 2018.

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Real Estate Business Brokerage Open Houses 357

Housing Wire

NOVEMBER 30, 2021

real estate?market The year 2019 taught us that any natural or economic force can wildly shift expectations into the stratosphere. business as a real?estate?professional. Finding out that Chicago’s real estate market could still skyrocket a double-digit percentage?is a stellar real estate team.

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Real Estate Agents Real Estate Agent Business 440

Housing Wire

DECEMBER 6, 2022

Amy Breach, Real Estate broker on the Hill Team in Seattle for Keller Williams. The builder’s real estate agent swapped in the middle of the transaction, so things got a bit mixed up and no one updated the clients’ files to reflect the change in lender,” Summers explained. A lot of this depends on the homebuyer’s lender.

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Real Estate Real Estate Agent Clients Agents 368

Housing Wire

APRIL 2, 2024

Independent real estate firms are growing quickly, with flat-fee firms taking three of the top 10 spots by transaction sides when looking at the five year movers (2019-2023) in this year’s RealTrends Verified brokerage rankings. 3 in both categories.

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Brokerage Realty Real Estate 400

Housing Wire

SEPTEMBER 18, 2020

No matter how experienced a real estate agent is, he or she relies on leads for business growth. The post What conversion rate should real estate agents expect when they purchase leads? What about the other 97% to 99% – the consumers who expressed interest but aren’t ready to purchase right now? Already a member?

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Real Estate Agent Real Estate Agents Technology 439

Housing Wire

NOVEMBER 11, 2022

Even though revenue is down and open title orders are down from last year, there’s a silver lining for Big Four title insurance firm Fidelity National Financial : it’s still in line with business in 2019, one of the best years on record. Fidelity generated $3.2 billion in total revenue, down from $3.8 billion a year ago. “If

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Insurance Business Investors Housing Market 356

Housing Wire

DECEMBER 21, 2021

But in a real estate economy that has made destination cities out of the likes of Boise, Idaho and Manchester, New Hampshire, perhaps it’s no surprise that there is nothing dark or cold about the Anchorage housing market. Real estate bidding wars have remained a large part of the Anchorage landscape. Anchorage, Alaska.

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Real Estate Agents Inventory Buyers 387

Housing Wire

APRIL 12, 2023

Olufolajimi Abegunde, a Nigerian citizen living in Atlanta, and Javier Luis Ramos-Alonso, a Mexican citizen living in Seaside, California, were each convicted in 2019 in federal court in Tennessee of participating in a sophisticated international email-hacking scheme that bilked its targets out of hundreds of thousands of dollars.

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Real Estate Government Technology Real Estate Agent 378

Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. 1 brokerage by listing count from 2019 through 2023. This was 29% less than in 2019 and a difference of more than 5,000 listings. of the MLS listings held by these brokerages in 2019 to 7.2%

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Brokerage Realty Marketing Real Estate 378

Housing Wire

APRIL 20, 2021

In the past year, among the many challenges and difficulties brought on by the COVID-19 pandemic, the real estate and mortgage industries enjoyed a wave of success with low interest rates, refinance opportunities and etc. But if you’ve gotten this far I want to ask this question: how good is your real estate or mortgage CRM software?

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Real Estate Mortgage Loan Officers Advertising 410

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. Competition heats up In 2019, Watson Realty Corp. DR Horton and Dream Finders both ranked in the top 10 in 2019, and Lennar made a top 10 appearance in 2020.

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Brokerage Realty Real Estate Inventory 429

Housing Wire

MAY 1, 2024

In 2022, the team completed more than $60 million in real estate transactions, ranking them among the top 15 medium-sized agent teams by sides in Tennessee, according to RealTrends. With their NFL careers behind them, Levitre and Mariani bring a winning mentality to the real estate game.

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Real Estate Brokerage Agents Clients 421

Housing Wire

NOVEMBER 3, 2020

Online real estate marketing platform Hubzu has launched a new mobile app, available for residential real estate buyers. Our app is a must-have for real estate investors,” said Michael Jansta, general manager of Hubzu in a statement. Since 2009, it has facilitated the more than 4.5 and Denver markets.

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Real Estate Tools Technology Retail 260

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. billion since it launched its securitization program in 2019.

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Investing Investors Real Estate Construction 317

Inman

APRIL 7, 2023

Enes Yilmazer is a content creator and real estate influencer who rose to fame through his real estate channel on YouTube. After posting his first real estate video in 2019, he quickly realized the platform's potential and prioritized it.

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Real Estate Agents Marketing 165

Real Estate News

MARCH 26, 2024

The Moehrl suit, like Sitzer/Burnett, was filed 4 years ago and has just one defendant left: HomeServices of America, which hasn't chosen to settle.

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Housing Wire

DECEMBER 30, 2020

The program, which first launched in October 2019 , already offers features including RealSure Sell, which gives home sellers the certainty of a cash offer while they work with an agent to bring a better offer. Luxury real estate brand Engel & Völkers launched MaX earlier this month.

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Real Estate Sellers Real Estate Agent Agents 244

Housing Wire

JANUARY 27, 2021

Technology has rapidly changed the process for listing and buying homes, and the general public is taking note and adjusting their expectations of what a real estate broker should be. The public is demanding a broker that offers the same cost savings and efficiencies in the real estate market that they receive everywhere else.

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Real Estate Agents Brokerage Sellers 332

Housing Wire

MARCH 20, 2024

Realty ONE Group International , a global real estate franchise, recently promoted five women to drive the company’s global growth. She joined Realty ONE in 2019 and was later named as a 2022 HousingWire Marketing Leader. The company employs approximately 19,000 real estate professionals in more than 400 offices across 49 U.S.

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Realty Human Resources Real Estate Brokerage 379

Housing Wire

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. Anthony Djon, CEO of Anthony Djon Luxury Real Estate , said his company gets 90% of its leads from listing portals Zillow and Realtor.com.

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Brokerage Real Estate Realtors Real Estate Agent 379

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. This system, with its veiled surcharges, illegally warps the real estate market.”

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Brokerage Realty Real Estate Agent Real Estate 431

Miller Samuel

MAY 4, 2019

There is a cool graphic from the New York Times Calculator column by Michael Kolomatsky in this Sunday's print edition of the Real Estate section that illustrates Manhattan's dependence on high-end real estate.

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Real Estate Buyers 195

Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. This system, with its veiled surcharges, illegally warps the real estate market.”

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Real Estate Real Estate Agent Sellers Realty 449

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws. 8, 2019, and the present.

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Real Estate Brokerage Sellers Law 469

Housing Wire

MARCH 29, 2024

residential real estate market that lacks empirical support, conflicts with principles of the Sherman Act, and has negative practical implications for consumers which DOJ has not taken into account.” The brief states that the court should ignore the DOJ’s objections to these rule changes for a variety of reasons.

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Sellers Real Estate Buyers Contracts 430