Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. It notched $151.7

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Housing Wire

MARCH 22, 2021

San Francisco-based real estate brokerage Side announced Monday that they raised $150 million, ushering in a new phase for the four-year-old company. For example, top Beverly Hills luxury producer Ben Bacal started the brand “Revel Real Estate” under the Side brokerage. How to Diversify Your Brokerage to Weather Economic Hardship.

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Brokerage Agents Real Estate Valuation 384

Housing Wire

OCTOBER 15, 2020

StreetEasy , a real estate platform for buying, selling, and renting homes across New York City and New Jersey, has launched StreetEasy Valuation, an AI-powered home valuation tool. In March, realtor.com launched its own automated valuation model, called MyHome, which appears on for-sale and off-market listings on the site.

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Valuation Tools Market Value Real Estate 365

Housing Wire

SEPTEMBER 11, 2020

Opendoor , the largest instant home buying platform in the country, could debut on the public market at a $5 billion valuation, according to a new report. In 2018, the firm acquired Los Angeles-based discount brokerage Open Listings for an undisclosed sum. II, to merge with Opendoor and take it public, according to Bloomberg.

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Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner.

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Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

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Brokerage Mortgage Loan Officers Finance 393

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. It notched $151.7

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Brokerage Realty Real Estate Agents 310

Housing Wire

MAY 16, 2024

RealReports is a real estate platform that gathers property data — including construction permits, climate risk, rental rates, flood insurance costs, remodel potential and valuation — in one place. It pulls information from more than 30 data providers. Earlier this month , the company partnered with New England-based PrimeMLS.

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Real Estate Agent Real Estate Brokerage Sellers 354

Housing Wire

SEPTEMBER 13, 2023

RTC Consulting has continued to see the same level of valuation work in the past 12 months as we saw in each of the proceeding years. While not all these valuations are for the purpose of a merger or acquisition, many are. In fact, the level of in-market combinations has not declined much at all.

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Real Estate Valuation Brokerage Property Management 337

Housing Wire

MAY 6, 2024

Launched in November 2023, Sidekick features many functionalities, including real-time market and property data retrieval abilities, valuation analyses and a suite of productivity tools for real estate professionals. “As Sidekick users will have the opportunity to do a variety of tasks through a conversational interface.

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Realtors Real Estate Agents Brokerage 390

Housing Wire

FEBRUARY 20, 2024

Illinois-based Baird & Warner , an independent real estate brokerage, partnered with proptech firm RealReports , the companies announced Tuesday. RealReports provides property data , spanning from climate risk to property valuation, for every home in the U.S. Founded in 1855, the brokerage lays claim as the oldest U.S.

Brokerage 381

Brokerage Agents Real Estate Clients 381

Housing Wire

FEBRUARY 5, 2024

With this capital infusion, the company aims to accelerate its product development, grow its team and pursue market penetration with real estate brokerages, MLS associations and other proptech companies nationwide. “We RealReports is a real estate platform that gathers property data , ranging from climate risk to valuation, in one place.

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Real Estate Agent Real Estate Valuation Modernization 388

Housing Wire

OCTOBER 13, 2023

Certainly, the expectations of brokerage firms did not change in terms of the multiple of EBITDA upon which valuations are based. While it is true that overall valuations are down from where they were in 2020-2021, this is mostly due to the decline of profitability in brokerage and related services.

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Real Estate Brokerage Valuation Sellers 390

Housing Wire

SEPTEMBER 26, 2023

Plunk’s platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities. With Plunk, we’re getting ahead of that adoption curve and delivering home valuation, remodeling analytics and market insights to our target audiences across every digital medium—right now.” Meanwhile, Philip Hegge, U.S.

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Real Estate Marketing Valuation Technology 404

Housing Wire

FEBRUARY 27, 2024

Recently, Xactus’ valuation solution was approved to fulfill Fannie Mae’s property data collection orders. Its valuation solution, Appraisal Firewall X, connects mortgage lenders with vetted and trained property data collectors to deliver Fannie Mae’s Value acceptance + Property Data and hybrid appraisal solutions.

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Tenants Valuation Clients Training 348

Housing Wire

MAY 3, 2024

RealReports is a real estate platform that gathers property data — including permits, climate risk, rental rates, flood insurance costs, internet providers and speeds, crime statistics, solar potential, liens, zoning details, remodel potential and valuation — in one place.

Real Estate Agent 402

Real Estate Agent Real Estate Clients Agents 402

Housing Wire

AUGUST 7, 2020

Brokerage giants RE/MAX and Keller Williams announced second-quarter numbers Friday, reflecting a business environment that had its share of ups and downs as a result of COVID-19. The post How did brokerage giants RE/MAX and Keller Williams fare in the second quarter? RE/MAX reported total revenue in Q2 of $52.2 “The U.S.

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Brokerage Training Agents Technology 382

Miller Samuel

NOVEMBER 7, 2021

Yet it would seem unlikely that Zillow Offers used something completely separate and conceptually very different from their 'Zestimate' because it would be quite expensive and extremely difficult to keep a radical new valuation concept a complete secret. But it hasn't been a complete failure in the consumer credibility department at all.

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Brokerage Valuation Real Estate Tools 386

Housing Wire

NOVEMBER 28, 2023

As such, it certainly feels like that pendulum is a labrys slicing through our brokerage firms. For even the most astute operators, it’s been nearly impossible to get out ahead of a decline this sharp, resulting in brokerage profitability taking a huge hit. Retain and develop. Spend less money than you make.

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Real Estate Brokerage Advertising Housing Market 402

Housing Wire

JANUARY 23, 2024

As a licensed brokerage , it operates in all 50 states, and its real estate database is powered mostly by MLS-listed homes in the U.S. As a real estate hub, Xome offers services such as asset management, property disposition, title, close and valuation through an integrated, technology-driven platform.

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Real Estate Technology Brokerage Valuation 401

Housing Wire

AUGUST 2, 2023

AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae. Fannie Mae approved six vendors for its controversial new valuation initiative a few days later.

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Appraisal Valuation Design Modernization 309

Housing Wire

MAY 31, 2022

The chief executive officer for real estate brokerage Side announced a fresh $50 million in venture capital money spearheaded by ultra-prolific financier Tiger Global Management. For many years, everyone thought brokerage was ripe for major disruption,” said Gilles Duranton, real estate professor at the University of Pennsylvania.

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Real Estate Brokerage Realty Valuation 375

Housing Wire

FEBRUARY 28, 2021

The company integrates with an existing brokerage website to provide homeowners with three valuations along with insight into the number of real estate buyer leads actively searching for a property just like theirs. By using this data, Buyside helps brokers generate and capture seller leads. Ashley Terrell, EVP, Partnerships.

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Real Estate Brokerage Valuation Clients 413

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). Always include your contact information and a call to action, such as an offer for a free home valuation. For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage). Great news!

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Real Estate Open Houses Brokerage Real Estate Agent 371

Housing Wire

SEPTEMBER 19, 2023

As someone who worked for a large, nationally branded brokerage for 30+ years, I had a front-row seat to many mergers and acquisitions. Owning a brokerage isn’t what it used to be More and more aging broker-owners are considering retiring or moving on from real estate. I would love to say they all went well, but they didn’t.

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Real Estate Brokerage Agents Business 385

Housing Wire

MAY 6, 2021

OWN Marin, a veteran team of five agents, announced last week that they switched from the New York-headquartered brokerage to the San Francisco-based outfit. The brokerage, which declined comment, has hundreds of agents in Marin County – which lies just north of San Francisco County – and is the no. billion in VC cash.

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Brokerage Agents Legal Valuation 370

Housing Wire

APRIL 23, 2024

brands, including brokerage, mortgage, title, insurance and technology. As the Chief Marketing Officer, she has overseen the brand development and strategy and helped Pacaso reach unicorn status with a $1 billion valuation in 2021. Whitney Curry , has propelled Pacaso to become the pioneer of co-ownership of luxury real estate.

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Marketing Project Management Advertising Real Estate 350

Housing Wire

FEBRUARY 1, 2024

Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography. Check out these examples: We reviewed dozens of agent, team and brokerage websites while writing this article.

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Real Estate Real Estate Agent Agents Brokerage 433

Housing Wire

AUGUST 4, 2021

Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. The tax benefit primarily comes from a release of a valuation allowance, according to a footnote in eXp’s Securities and Exchange Commission filing.

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Lending Brokerage Agents Valuation 393

Housing Wire

JANUARY 16, 2024

In my experience as an expert witness in federal and state courts on both antitrust matters and brokerage valuation issues, anything is possible when a judge pre-determines the outcome. Steve Murray is founder of RTC Consulting , a company that specializes in real estate brokerage and team valuations, mergers and acquisitions.

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Agents Law Sellers Legal 370

Housing Wire

FEBRUARY 19, 2021

It could also have big implications for appraisers, who are already nervous about the continued rise of automated valuation models. Cape Analytics’ AI system instantly extracts property condition from images, which is then run through Weiss’ valuation model, Raj Dosaj, Cape Analytics’ head of real estate, explained.

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Valuation Real Estate Investors Brokerage 394

Housing Wire

OCTOBER 2, 2023

.” Founded in 2020, PLACE is a leading real estate technology platform working with teams across a variety of brokerages and geographies. In late 2021, it closed its Series A round led by Goldman Sachs for $100 million, resulting in a $1 billion valuation.

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Real Estate Agent Real Estate Technology Brokerage 304

Housing Wire

JULY 17, 2023

The world of real estate brokerage mergers and acquisitions has been turned on its head in the past 12 months. Lower multiples Most of us still remember hearing the stories about the large companies gobbling up brokerages at six times EBITDA, or even more. Buyers and sellers alike must learn to navigate these uncharted waters.

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Real Estate Buyers Sellers Brokerage 352

Housing Wire

JUNE 10, 2022

Chime’s all-in-one CRM and sales acceleration platform is designed to help real estate agents, teams, and brokerages close more deals faster. Unique bonus features include AI Assistant, Social Media Studio, Home Valuation Reports, Property Alerts, and Personalized CMA. Product Fast Facts. #1. Get More Info.

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Technology Real Estate Agent Real Estate Brokerage 270

Housing Wire

JANUARY 12, 2021

SoftBank -backed residential brokerage Compass filed paperwork with the Securities and Exchanges Commission on Monday to go public. The brokerage, which has raised $1.5 billion in venture capital and achieved a valuation of $6.4 billion in July 2019, tapped Goldman Sachs and Morgan Stanley late last year to underwrite the IPO.

Brokerage 380

Brokerage Agents Business Valuation 380

Housing Wire

OCTOBER 24, 2023

Home Value Alerts provides prospective sellers with multiple automated valuation estimates for their home, including a Zillow Zestimate. Flachner said that by putting the Zestimate next to other valuation estimates, an agent or team can indicate to a consumer that “no algorithm should be taken at face value when it comes to pricing a home.”

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Sellers Home Value Client Relationships Agents 334

Housing Wire

APRIL 1, 2024

However, during the company’s valuation process, when financial professionals reviewed its books, discoveries of aviation purchases led him to confront Kortas, resulting in his termination as president of NEXA, Grella added. NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29

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Brokerage Business Loan Officers Legal 371