Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. Redfin’s financials Revenues at Redfin fell 21% year-over-year to $275.6 million, down from $606.9 million a year earlier. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 million, a 28% decline.

Brokerage 370

Brokerage Agents Real Estate Marketing 370

Real Estate News

AUGUST 4, 2023

Nearly a quarter of homeowners are considering selling in the next 3 years, according to a Zillow survey — a significant increase over prior surveys.

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Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. Job growth is slowing as we get closer and closer to the target range of the make-up demand in labor, but it hasn’t broken yet. What do I mean by a make-up demand in labor? Assuming we had no COVID-19 and the economy continued as it had been — which was running at the most prolonged economic and job expansion ever recorded in history — we would be between 157 million ̵

Mortgage 370

Mortgage Insurance Government Marketing 370

Real Estate News

AUGUST 4, 2023

The Midwestern MLS, which covers parts of Missouri and Illinois, is investing in REdistribute, a data revenue-share program.

Investing 217

Investing 217

Housing Wire

AUGUST 4, 2023

Despite a 10.6% annual decline in revenue and a 6.3% drop in U.S. agent count, RE/MAX Holdings , the parent company of the real estate giant RE/MAX , stayed in the black during the second quarter of 2023. Overall for the quarter, RE/MAX generated a net income of $2 million, down from $5.8 million a year ago, as its revenue dropped to $82.4 million. The firm attributed this to negative organic growth due to lower broker fee revenue and reduction in U.S. agent count, but it noted that it was parti

Agents 370

Agents Real Estate Brokerage Mortgage 370

Real Estate News

AUGUST 4, 2023

eXp gains 200+ agents from two brokerages; ERA and Century 21 add family-run affiliates; Engel & Völkers doubles SoCal presence; The Agency opens in Kelowna.

Brokerage 186

Brokerage Agents 186

DataMaster

AUGUST 4, 2023

One question we get a lot at DataMaster is, “How can I calculate adjustments using DataMaster?” And true, we don’t have a separate snappy adjustment tool that requires a deep understanding of mathematical theory, not to mention a computer science degree; we can help you calculate adjustments using our core functionality. One example that our Chief Appraiser, Jared Preisler SRA, demonstrated was how to start calculating adjustments for garages.

Tools 148

Tools Appraisal Marketing Valuation 148

Housing Wire

AUGUST 4, 2023

Coldwell Banker Premier announced a merger with Coldwell Banker Professional Real Estate Services along with all of its sales associates, which further expands Coldwell Banker Premier’s office footprint into Cumberland, Maryland, and surrounding markets. This is the sixth merger by Coldwell Banker Premier since the beginning of 2022. Coldwell Banker Premier was named a 2023 RealTrends GameChanger for its 76% transaction side percentage growth over five years (2018-2022.

Real Estate 370

Real Estate Agents Business Marketing 370

Inman

AUGUST 4, 2023

The company intends to prepare agents and homeowners for the "millions of new high-performing homes improved through the Inflation Reduction Act (IRA)," according to an announcement.

Home Improvement 147

Home Improvement Agents Renovations Marketing 147

Housing Wire

AUGUST 4, 2023

Rates are high, housing inventory is down, and competition for new originations is fierce. Leaders across mortgage and banking are turning to their marketing partners with some variation of the same ask: “We need to improve the effectiveness and profitability of our campaigns, increase originations, and oh, by the way, budgets have been slashed — so any ideas better be cost-effective.

Inventory 369

Inventory Marketing Tools Development 369

Inman

AUGUST 4, 2023

Home transactions may be down, but you wouldn't know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the U.S. Bureau of Labor Statistics.

Brokerage 147

Brokerage Real Estate Marketing Construction 147

Housing Wire

AUGUST 4, 2023

Aurora Acquisition Corp. , the special purpose acquisition company planning to make public the digital nonbank lender Better.com , said on Thursday that the Securities and Exchange Commission (SEC) ended an investigation of the companies with no enforcement action. In July 2022, HousingWire reported that the SEC launched an inquiry into Aurora and Better to evaluate allegations of federal securities law violations, prompted by a former top executive’s lawsuit. “On August 3, 2023, S

Law 366

Law Real Estate Business Brokerage 366

Inman

AUGUST 4, 2023

EXp's revenue fell 13 percent from the second quarter of 2022 to $1.2 billion, and its gross profit decreased 10 percent to $96.5 million, according to an earnings call Thursday afternoon.

Technology 147

Technology Brokerage Agents 147

Housing Wire

AUGUST 4, 2023

A new affordable housing law passed by Florida’s legislature and signed in March by Gov. Ron DeSantis is reportedly creating anxiety among local elected officials who are concerned that the new law cedes too much control over zoning and other matters to the state government. The “ Live Local Act ,” passed unanimously in the State Senate and by a vote of 103-6 in the House, represents a sizable investment in housing by incentivizing developers to construct affordable housing units while restricti

Law 366

Law Legal Development Construction 366

Inman

AUGUST 4, 2023

A rising tide of economists are backing away from early forecasts that the U.S. is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead.

Lending 146

Lending Realtors Real Estate Mortgage 146

Housing Wire

AUGUST 4, 2023

Data from the July jobs report released Friday fell roughly in line with expectations. Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. Total nonfarm payroll employment increased by 187,000 jobs, compared to 209,000 in June , according to data released by the Bureau of Labor Statistics.

Marketing 365

Marketing Construction Renovations Home Improvement 365

Inman

AUGUST 4, 2023

With some of the highest home prices in the nation, California buyers and sellers are having an abnormally difficult time managing higher mortgage rates, agents in the Golden State told Inman.

Sellers 145

Sellers Agents Buyers Mortgage 145

Appraiserblogs

AUGUST 4, 2023

The entire concept of bifurcated appraisals represents a fundamental misunderstanding of the appraisal process. To have an individual inspect a property and then convey that information to an appraiser to complete the valuation is tragically flawed because: Inspections and qualifications of an inspector are not standardized, not insured, not licensed (a convicted felon was caught doing one of these) An immense part of understanding the value of property occurs while walking through it (like obse

Appraisal 127

Appraisal Inspection Appraisal Process Law 127

Inman

AUGUST 4, 2023

The Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages.

Marketing 142

Marketing Inventory Mortgage 142

Eyes on Housing

AUGUST 4, 2023

The past two months’ job gains indicate that the job market is cooling from its peak last year and is growing at a moderate pace. Total employment increased by 187,000 and the unemployment rate inched down to 3.5% in July. Wages grew at a 4.4% year-over-year growth rate, down 1.1 percentage points from a 5.4% gain in July 2022. Total.

Marketing 78

Marketing Construction 78

Inman

AUGUST 4, 2023

If, as an industry leader, you only care about female agents' production, and not their safety, think about what that makes you. We already know who you are.

Agents 147

Agents Brokerage 147

Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? By Jeremy Bagott, MAI Excerpts: In his 1946 essay “Politics and the English Language,” the late British novelist, essayist and critic George Orwell examined the connection between political orthodoxies and the debasement of the English language. In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, i

Appraisal 70

Appraisal Business Contracts Real Estate 70

Inman

AUGUST 4, 2023

When a TikToker claimed that an entire neighborhood was up for sale, the portfolio listing sparked a debate over displacement and institutional investment.

Investors 137

Investors Investing Brokerage Agents 137

BiggerPockets

AUGUST 4, 2023

Some countries in Europe have better investing prospects than you think and with little to no restrictions on foreign investment. Ready to rent out a villa in Portugal?

Investing 64

Investing Real Estate 64

Inman

AUGUST 4, 2023

Over nearly three decades, these are the lessons that Jimmy Burgess has put into practice to grow. Put them to work for your business.

Real Estate 147

Real Estate Business Brokerage Agents 147

Mashvisor

AUGUST 4, 2023

Airbnb investors and hosts frequently hear about Airbtics, but are the platform and its various tools worth it for short term rental investors?

Investors 69

Investors Tools Investing Real Estate 69

Inman

AUGUST 4, 2023

Wondering what you missed this week? Catch up with Inman's Top 5 stories for the week of July 28 - Aug. 4, 2023.

Agents 145

Agents 145

Lamacchia Realty

AUGUST 4, 2023

August 4, 2023 – Lamacchia Realty’s growth into Cape Cod and Bristol County markets is making waves once again as highlighted in a recent article by RealTrends. The article sheds light on the brokerage’s strategic partnerships with Foley Premier Properties in Falmouth, MA and Right Choice Real Estate in Fall River, MA. To dive into the full article, simply click here or the image on the right.

Realty 57

Realty Marketing Real Estate Brokerage 57

Inman

AUGUST 4, 2023

San Clemente, California's top broker, Doug Echelberger, and his team of seven agents has moved to Side, where it will operate as Inhabit Real Estate, according to an announcement on Tuesday.

Realty 114

Realty Real Estate Agents Brokerage 114

Mortgagebroker News

AUGUST 4, 2023

Two years since the federal finance minister welcomed the prospect of open banking, few significant steps forward have been made

Development 68

Development Finance Mortgage 68

Inman

AUGUST 4, 2023

From the seller who wanted to display a room full of snakes during a home showing to the renter who was an insurance scammer, the clients luxury agents deal with in California can be a handful.

Agents 108

Agents Insurance Sellers Clients 108

BiggerPockets

AUGUST 4, 2023

Goldman Sachs released its forecast for home prices through 2026. Here's what it said and what it means for investors.

Investors 69

Investors Housing Market Marketing 69

Mortgagebroker News

AUGUST 4, 2023

The need for new immigrants remains "too great" to amend quotas, according to the federal immigration minister

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BiggerPockets

AUGUST 4, 2023

Do you really need a real estate partnership for your deals? What are the benefits, and do they outweigh the risks? Well, it depends.

Real Estate 64

Real Estate 64