Mon.Aug 21, 2023

article thumbnail

RE/MAX lays off 7% of staff in reorg

Housing Wire

Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday. According to the company’s filing with the Securities and Exchange Commission , layoffs were part of a reorganization, which RE/MAX said is “intended to streamline the Company’s operations and yield cost savings over the long term.” The filing stated that RE/MAX expects the reorganization to be substantially complete by the end of the quarter.

article thumbnail

RE/MAX to reduce workforce by 7%

Real Estate News

In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.

230
230
Insiders

Sign Up for our Newsletter

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

article thumbnail

Tom Ferry, “Smart agents stopped complaining about the market”

Housing Wire

You mindset impacts your real estate success and successful agents are looking toward the future, no wallowing in the uncertain market. Before you know it, 2024 will be upon us. The time is now to understand the market and some of the trends. We spoke with Tom Ferry , the Founder of Tom Ferry International, before his event in Dallas. Ferry sheds light on the top real estate issues impacting professionals today and gives a preview of some trends covered at the event.

Agents 370
article thumbnail

Why brokerages should care about the FTC Safeguards Rule

Real Estate News

An update to FTC rules could impact a broad range of real estate professionals — with stiff fines for noncompliance.

Brokerage 232
article thumbnail

Judge in Zillow suit allows REX’s false advertising claims to stand

Housing Wire

Just days after awarding Zillow and National Association of Realtors (NAR) a major victory in their legal battle against REX Real Estate , the court made it clear that Zillow’s fight is far from over. A federal court judge concluded on Friday that in regard to REX’s false advertising claims against Zillow, the firm has proven “falsity.” The ruling came after REX filed a motion for summary judgement on the matter.

article thumbnail

New homes shrink as costs of buying grow

Real Estate News

The median square footage for a home under construction — now 2,191 — has hit its lowest point since 2010.

More Trending

article thumbnail

Market in Focus: Georgia Population Growth Bounces Back After Low Growth in 2021

Eyes on Housing

Between 2021 and 2022, the state of Georgia gained 124,827 residents. This was the fourth largest population gain in the U.S. and one of only four states to have a nominal population increase above 100,000. In percentage terms, Georgia’s population grew at 1.2% between this time. This was the state’s highest percentage increase in population since 2016.

Marketing 147
article thumbnail

Take Inman’s first-ever bombshell commission lawsuit survey here

Inman

A pair of explosive lawsuits could upend how brokers do business. As those suits come closer to trial, tell us how you feel about those cases and how prepared the industry is for the repercussions.

Business 146
article thumbnail

Preparing for an appraisal of your home: A handy checklist

Midtown Appraisal Group

A few simple tips to help your appraisal go more smoothly “We’re refinancing our mortgage and they’re sending out an appraiser this week. What should we do to ensure that our appraisal goes smoothly?

article thumbnail

Real estate influencers allegedly scammed investors out of millions

Inman

A Florida-based couple running a real estate coaching and investment company is operating a scam that’s defrauding rookie investors, according to a handful of lawsuits filed in federal court.

article thumbnail

[Video] Customer Story: Doré Designs

GoForrmz

“ One wonderful thing about GoFormz is that our alteration sheet looks like it did before. It looks familiar even though it’s done in such a different way. ” — Lisa Dunn, Office Manager, Doré Designs About Doré Designs Doré Designs, an esteemed ballroom fashion company, has been operating out of Cape Coral, Florida since the late 1970s.

Design 78
article thumbnail

Viant Eye says Trufile plug-in enables all-digital mortgage

Inman

Viant Eye's says rollout of its MISMO-compliant plug-in means SMART Docs "aren't just for eNotes" but documents across the whole loan lifecycle from origination to recording.

Mortgage 143
article thumbnail

The Compass Cares Classic is serving up big donations for local charities

Housing Wire

The Compass Cares program is the charitable arm of Compass, a real estate brokerage making big waves in the market. Compass was recently honored as a 2023 “Game Changer” by RealTrends. Compass isn’t only focused on national real estate sales, it is looking to make an impact at the local level. For every transaction completed by a Compass agent, the company pledges money to a corresponding Compass branch.

article thumbnail

Miami luxury agent sentenced to 3.5 years in prison for PPP fraud

Inman

Daniela Rendon was sentenced on Thursday after having misused hundreds of thousands of dollars in pandemic relief funds for her own personal luxury purchases, claiming that at the time "everybody" was doing it, according to reports.

Agents 141
article thumbnail

A Discussion on Real Estate Agents: Part 2

Appraisal Partners Blog

The post A Discussion on Real Estate Agents: Part 2 appeared first on Appraisal Partners.

article thumbnail

How do you use captions on Instagram?

Inman

Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you get a handle on IG captioning.

Agents 147
article thumbnail

Homebuilders Are Maxed Out—And the Shortage is Only Getting Worse

BiggerPockets

Despite the demand, homebuilders are having an awfully hard time keeping up with the market. That's led to YoY declines in permits and starts. Where do we go from here?

article thumbnail

How to break down the success pillar of personal development

Inman

The best agents are constantly steeped in development and education, broker Nick Schlekeway writes, developing their skills personally so that they can achieve and succeed at the highest levels of real estate.

article thumbnail

Home Prices Reached Record Highs Again—Where Are They Growing the Most?

BiggerPockets

Home prices reached record highs in July after several months of decline earlier this year. These markets are showing the most growth going into the rest of the year.

article thumbnail

Level up your real estate success with persuasive questioning

Inman

Join Sterling Caporale in the final class in his six-part video series to learn what intelligent and persuasive questions you can leverage.

article thumbnail

This “CARFAX for Properties” Could Change EVERYTHING About Investing

BiggerPockets

Real estate investing is about to get much, much easier. Up until now, buying a property has seemed like a guessing game.

article thumbnail

Top futuristic home features buyers are looking for in 2023

Inman

We’re in an era where cutting-edge intelligent home features and functions are demanded by many luxury property buyers.

article thumbnail

Brokerage president on how climbing ranks paved path for stellar career

Mortgagebroker News

Experience in multiple levels of the financial services industry yields irreplaceable lessons for would-be brokers

article thumbnail

An economist’s take on housing prices, affordability, opportunity

Inman

Windermere Chief Economist Matthew Gardner looks at the latest numbers and the markets that still offer affordable options.

Marketing 148
article thumbnail

Coalition calls for concrete policy steps towards affordability

Mortgagebroker News

Affordable and market purpose-built rental units can play a major role in ensuring greater affordability, groups say

article thumbnail

Compass’ cash burn situation shows signs of improvement

Inman

Compass was caught flat-footed last year when the market changed, but it executed a necessary turnaround to sustainability.

Marketing 147
article thumbnail

Home prices register second strongest monthly increase ever, according to index

Mortgagebroker News

Price growth was spurred by surging home values in eight out of 11 major metropolitan markets

article thumbnail

Assurance Financial Originators Rank in Top 1% for Customer Satisfaction

Assurance Financial

Assurance Financial Originators are in Experience.com’s Top 1% for Customer Satisfaction in 2022 BATON ROUGE, LA – August 21, 2023 Assurance Financial is proud to announce that six of our originators have been placed in the country’s top 1% of Loan Officers for customer satisfaction. Barbara Gaston of Florence, AL Damian Cook of Atlanta, GA Lauren Tylock of Lafayette, LA Renee Carughi of Baton Rouge, LA Stephen Magyar of Shreveport, LA Willie Tucker of Huntsville, AL Amongst the mult

article thumbnail

Residential construction investment slows down markedly: StatCan

Mortgagebroker News

Residential construction investment declined for the fourth straight month

article thumbnail

Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

The past year hasn’t been particularly good for tech or housing. As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Magazine list of the 5,000 fastest growing private companies in America declined in 2023. In all, 37 companies made the cut this year, down from 53 a year ago. The self-reported list ranks U.S. based firms on percentage revenue growth from 2019 to 2022.

article thumbnail

CMBA hosts sold-out SummerFest in Niagara

Mortgagebroker News

The annual event saw 288 golfers tee off at the Legends on the Niagara course

60
article thumbnail

Housing inventory is at its highest point all year

Housing Wire

Mortgage rates only kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. This is the same pattern as we talked about last week. The first half of the year had surprisingly resilient sales, but that is slowing again.

Inventory 370
article thumbnail

Key Things to Consider When Evaluating FSBO Websites

Listing Spark

In 2021, homes for sale by owners (FSBOs) accounted for one out of every ten transactions. But when homeowners conduct a home sale without the guidance and resources of a real estate agent, they can miss key markets, advertising opportunities, and market insights throughout the process. However, the market is adapting. Some homeowners want to sell their properties on their own terms and without paying a listing agent a hefty 3% commission.

article thumbnail

Union Home Mortgage denies it illegally terminated pregnant worker’s employment

Housing Wire

Ohio-based lender Union Home Mortgage denied sex discrimination claims made by a former employee whose employment was terminated while she was pregnant. The lender acknowledged employment termination but denied any unlawful conduct. Elizabeth Martin, a former loan officer assistant of UHM, filed suit against the lender alleging sex and/or pregnancy under the Missouri Human Rights Act and Title VII of the Civil Rights Act in the 16th judicial circuit court of Jackson County, Missouri early this