Housing Wire
AUGUST 7, 2023
Home prices are going up across the country after slowing for more than a year, according to a new report from data and analytics company Black Knight. The report found that nationally, home prices in June rose by 0.67% month-over-month on a seasonally adjusted basis. Meanwhile, the annual home price increase was 0.8% in June, up from just 0.2% in May.
Real Estate News
AUGUST 7, 2023
SERHANT. partners with Constellation1; Chime integrates ChatGPT; HAR, AZ Realtors add accessibility tools; Christie's adopts Modwell; more.
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Housing Wire
AUGUST 7, 2023
After failing to achieve its goal of remaining adjusted EBITDA positive in 2022 , analysts were unsure if Compass would make good on its most recent financial goal of becoming free cash flow positive in the second quarter of 2023. But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. During the second quarter of 2023, Compass recorded a free cash flow of $51 million, compared to a free cash flow loss of $59 million the prior quarter.
Real Estate News
AUGUST 7, 2023
The brokerage lost $48 million in Q2 — an improvement after substantial losses in Q1 — and the company emphasized its free positive cash flow.
Housing Wire
AUGUST 7, 2023
The Federal Trade Commission (FTC), Intercontinental Exchange Inc. (ICE) and Black Knight jointly stipulated to dismiss a federal court case against ICE’s $11.7 billion proposed acquisition of Black Knight, clearing a major regulatory hurdle that should allow the deal to go through. “The joint stipulation dismisses the federal complaint and dissolves the temporary restraining order that was previously in place, allowing ICE, Black Knight and the FTC to continue working toward a final settl
Real Estate News
AUGUST 7, 2023
A new Black Knight report reveals major gains in the Midwest and Northeast, signals an end to the U.S. housing correction.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
AUGUST 7, 2023
More than half of the land brokers in a recent survey said the national land market is “hot” or “on fire.
Housing Wire
AUGUST 7, 2023
The decision to allow the ICE – Black Knight merger to proceed announces the digital integration of the real estate value chain anticipated for over 25 years. Digitization redraws industry boundaries and changes how the value of information is expressed, enriched and exchanged. The capital, capability and content are present to make all real estate markets smarter, faster, safer and connected.
Inman
AUGUST 7, 2023
The customer relationship management platform vowed "a path to six-figure earnings within 24 months" for real estate agents and teams who follow the program from beginning to end.
Housing Wire
AUGUST 7, 2023
Despite a harsh housing landscape, Rocket Companies , the parent of Rocket Mortgage , performed better than expected in the second quarter of 2022. When mortgage rates started climbing in the spring of 2022, Rocket, America’s largest mortgage originator as recently as a year ago, was forced to target the purchase market – not the lender’s traditional strength.
Inman
AUGUST 7, 2023
You've been dreaming of the lights and glamor of Las Vegas for months. Skim Inman's quick and handy guide to make the most of your time while at Luxury Connect in the Sin City.
Housing Wire
AUGUST 7, 2023
The strongest agents are constantly analyzing their return on investment regarding how they’re spending both their time and their money. This includes money spent on their business as well as their personal lives. Below are the top 10 powerful secrets that strong agents use to stay motivated and keep the right mindset for success. If they’re not getting more out than they’re spending in return, the expenditure isn’t worth it. ‘Breaking even’ doesn’t
Inman
AUGUST 7, 2023
Self-proclaimed door-knocking champ Ernesto Vargas will be onstage at ICLV this week, helping attendees hone their presentation skills to engage with the people they encounter.
Housing Wire
AUGUST 7, 2023
Things are continuing to heat up in Zillow Group’s legal battle with discount brokerage REX Homes , as the September 18, 2023, trial date looms ever closer. On Friday, Judge Thomas Zilly, the U.S. District Court judge in Seattle overseeing the lawsuit, issued a minute order denying in part and deferring in part Zillow’s motion for summary judgement in the case.
Inman
AUGUST 7, 2023
Luxury agents can earn points for authenticity by giving clients a clear picture of prices today's housing market will bear as long as it's backed by data, experts said Monday at Inman Luxury Connect.
Housing Wire
AUGUST 7, 2023
Encinal Terminals, a 32-acre plot of land that formerly operated as a shipping terminal on the north side of Alameda, California, will be developed into a new housing development in an effort to bolster the supply of one of the most expensive areas in the country. This is according to reporting at the Mercury News and the Alameda Post. In a deal brokered between the State of California ’s Lands Commission and the City of Alameda , the 32-acre area situated on Alameda’s north shore is now planned
Inman
AUGUST 7, 2023
"Enough is enough," say some of the industry’s top female leaders and members of Awesome Females in Real Estate, who are putting the industry on notice about sexual harassment. Read their suggested solutions for inappropriate behavior.
Eyes on Housing
AUGUST 7, 2023
The average length of time to complete construction of a multifamily building, after obtaining authorization, was 19.8 months, according to the 2022 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time in 2022 was 2.3 months longer than in 2021, as supply-chain issues and the ongoing skilled labor shortage challenged the industry.
Inman
AUGUST 7, 2023
Luxury real estate has always been an “early adopter” of innovative design technologies, and its evolution has ramifications for the entire real estate industry. That’s why it’s so fascinating to watch the development of sustainable design.
JMV Lending
AUGUST 7, 2023
Today’s blog was written by JVM’s Appraisal Manager, Taylor Allen. She orders our appraisals, manages our appraisal team, carefully curates and manages our huge stable of appraisers, reviews appraisals, rebuts appraisals, provides comparable sales data, and understands loan guidelines. How any firm operates successfully without someone like Taylor is completely beyond me.
Inman
AUGUST 7, 2023
Joe Rath is Redfin's senior director of brokerage operations and head of industry relations. He shared thoughts on Clear Cooperation ahead of his appearance at Inman Connect Las Vegas.
GoForrmz
AUGUST 7, 2023
“ Time is money in our business, so capturing information in a timely manner with GoFormz has definitely saved us a lot of money. ” — Jason Harper, Managing Director, Integrated Building Management Systems About Integrated Building Management Systems (IBMS) Established in 1994, IBMS is a renowned industry leader in the United Kingdom.
Inman
AUGUST 7, 2023
In a down market, clients might not like what agents have to say. But they need to hear it anyway, Frances Katzen of Douglas Elliman and Rachel King of SERHANT. agreed at Inman Luxury Connect.
Lamacchia Realty
AUGUST 7, 2023
August 7, 2023 – We are thrilled to announce that Anthony Lamacchia has been named the 2023 Managing Broker of the Year through Boston Agent Magazine’s Agents’ Choice Awards! Voted as the winner by industry professionals all throughout the Greater Boston region, Anthony has been presented with this award for his honesty, character, and unparalleled dedication to industry professionals.
Inman
AUGUST 7, 2023
Compass' 2Q revenue dropped 26 percent year over year to $1.5 billion, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses.
BiggerPockets
AUGUST 7, 2023
The NAR reported last week that the housing recession has ended, and we've entered the recovery stage of the cycle. Are they right?
Inman
AUGUST 7, 2023
Copper Beech Farm was originally listed for $150 million back in February. Despite a cut, the sales price still puts the estate within the five most expensive residential real estate transactions of 2023.
Lamacchia Realty
AUGUST 7, 2023
August 7, 2023 – We are so excited to announce that Darlene Umina has been presented with the award for Best Agent Website through Boston Agent Magazine’s Agents’ Choice Awards! Voted as the winner by industry professionals all throughout the Greater Boston region, Darlene’s webpage has been recognized for its elegant design, efficient functionality, and for the valuable resources she provides to buyers and sellers.
Inman
AUGUST 7, 2023
Luxury real estate agents discuss the nuances of balancing sellers' wants and needs against MLS rules and ethical standards as it relates to off-market listings Monday at Inman Luxury Connect in Las Vegas.
Town & Country Residential Appraisals
AUGUST 7, 2023
We understand that going through a divorce is an incredibly challenging experience, both emotionally and legally. In these turbulent times, it becomes crucial to alleviate some of the stress involved in the process. One effective way to achieve this is by engaging the services of an experienced and qualified appraiser who has been established as an expert witness in divorce litigation.
Inman
AUGUST 7, 2023
The agreement provides 50 of Christie's International Real Estate's Masters Circle agents access to Modwell's proprietary and patented tech design platform to assist homebuyers in seeing a property's potential.
BiggerPockets
AUGUST 7, 2023
Codie Sanchez doesn’t believe in passive income but still makes millions of dollars a year with businesses that don’t require her input.
Inman
AUGUST 7, 2023
"Belong to the private clubs, golf at the best golf clubs," Jean Merkelbach, of Engel & Völkers said at Inman Luxury Connect. "Be where they are so they recognize you.
Housing Wire
AUGUST 7, 2023
Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Fannie Mae and Freddie Mac have been under government conservatorship since the beginning of 2008. Ginnie Mae is wholly owned by the federal government. This is important to note because most people believe that the government has no business competing with private enterprises unless it is there to serve segments
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