article thumbnail

The Real Brokerage looks to build on 2023’s explosive growth

Housing Wire

In 2023, Real recorded 48,905 sides, up 14,721 sides from 2022, and a sales volume of $21.2 According to Srivatsaa, this means that trainings and resources brought in by one team leader or broker are available to all agents at the firm. billion, up $6.80 billion over the prior year. Real posted a net loss of $27.2 million on $689.1

Brokerage 458
article thumbnail

Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

As of third-quarter 2023, the most recent data available, Freddie Mac’s repurchase volume was $384 million, with Fannie Mae’s volume at $382 million. The report notes, however, that “in Q3 2023, Freddie repurchases fell 35% from the prior quarter while Fannie’s fell only 12%.”

Investors 383
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Compass misses free cash-flow goal but remains optimistic

Housing Wire

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year. Compass attributed some of these struggles to the slower housing market of 2023, which saw Compass close 178,848 transactions, down 15.5%

Agents 352
article thumbnail

4 tips for staying relevant as a real estate professional in 2023

Housing Wire

He also often looks to the robust marketplace of technology tools available to help automate the mundane to ensure he stays focused on his skill set: delivering stellar customer service. What changes can you make to your day-to-day business practices, technology stack or marketing plan to help avoid these in the future?

article thumbnail

OneKey MLS to use CubiCasa’s floor plan creation tools

Housing Wire

According to the firm, CubiCasa’s technology reduces the subjectivity and inconsistency of the traditional “hand-drawn sketch” method of determining a home’s size, still used by appraisers today, and empowers even untrained homeowners to produce accurate results.

Tools 373
article thumbnail

Realcomp MLS agents now have access to CubiCasa

Housing Wire

The calculations reached by CubiCasa technology are aligned with American National Standards Institute standards and the technology can be used without prior training by anyone with a smartphone. The CubiCasa mobile application allows users to produce 2D and 3D floor plans by just scanning a property.

Agents 379
article thumbnail

What will property preservation look like in 2023?

Housing Wire

Safeguard’s technology. If we have better technology, better mobile applications, people can actually end up doing more work and generate more revenue,” Greenbaum said. 2023 outlook on property preservation. “We have the network available to support double the volume we currently have,” he said.