Tue.Oct 24, 2023

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Anywhere shows Q3 profit in difficult housing market

Housing Wire

Despite stalling home sales in the third quarter, Anywhere Real Estate managed to deliver “considerable profitability.” The company closed the third quarter with $1.6 billion in revenue, which is 12% lower than Q3 2022, but $129 million in net income, an increase of 135% compared to the same time last year. “Anywhere led through a difficult housing market to deliver considerable profitability and achieve substantial debt reduction,” Ryan Schneider , Anywhere president and CEO said in

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One remarkable year, and one resilient industry

Real Estate News

There’s been no shortage of news — and challenges — in the past 12 months. But real estate pros keep finding ways to win, and we’re proud to tell their stories.

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NAR CEO back on stand for second day of defense testimony in commission lawsuit trial

Housing Wire

KANSAS CITY, Missouri — National Association of Realtors CEO Bob Goldberg was back on the stand Tuesday morning at the start of the seventh day of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit. After undergoing questioning from Ethan Glass, NAR’s lead attorney on Monday, Goldberg faced Michael Ketchmark, the lead attorney for the plaintiffs, at the start of Tuesday’s proceedings.

Realtors 421
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Anywhere’s revenue holds steady even as transactions fall

Real Estate News

In its Q3 earnings report, the company highlighted its $1.6B in revenue, debt reduction, and a settlement that “puts significant litigation behind us.

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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

Patton Gade, the top producing loan officer for VA home loans in the U.S. last year, has joined brokerage firm UMortgage , the company announced on Tuesday. Arizona-based Gade, a graduate of the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

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A day of heated cross-examinations in Sitzer/Burnett

Real Estate News

During a grinding morning of testimony, CEO Bob Goldberg repeatedly said NAR doesn't weigh in on commissions, while emotions ran high in the afternoon.

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More Trending

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Tech Bytes: News from Lone Wolf, RealScout, Real Brokerage

Real Estate News

Lone Wolf unveils end-to-end platform; agent-client collaboration platform RealScout gets an upgrade; Real announces new app, enhanced AI and marketing tech.

Brokerage 233
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CoStar’s 50th quarter of double-digit revenue growth

Housing Wire

CoStar Group’s annual revenue increase of 12% during the third quarter of 2023 marked the 50 th straight quarter of double-digit revenue growth. The company reported revenue of $625 million and net income of $91 million, up 25% compared to a year ago, for the quarter. “We have diversified our revenue across counter-cyclical marketplaces, such as Loop Net and Apartments.com , while diversifying CoStar product revenue into broader verticals,” Andy Florance, CoStar’s founder and CEO, said during th

Agents 421
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Disruption expert shares recipe for success in tough times

Real Estate News

From lawsuits to AI, “the more uncertain the future, the more options you need,” innovation professor Luke Williams told attendees at the T3 Tech Summit.

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4 key partnerships to leverage for real estate success

Housing Wire

In my experience within the real estate industry, a fundamental lesson stands out: the power of partnerships. These collaborations represent opportunities to combine expertise, share resources and, ultimately, elevate real estate agents’ and clients’ real estate journeys. For me, it all started with joining a team. Belonging to a real estate team at the beginning of my career unlocked a door of endless possibilities, allowing me to network with other agents’ existing connectio

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CoStar to accelerate investment in Homes.com, posts revenue gains

Real Estate News

The company reported $625M in Q3 revenue and touted the growth of its residential portal, which it says is well-positioned should commission practices change.

Investing 196
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Thadious Fisher joins Livian as SVP of revenue

Housing Wire

Livian , a real estate platform for expansion teams, appointed Thadious “Thad” Fisher as senior vice president of revenue, the company announced on Monday. In this new role, Fisher will uncover new growth strategies and sales processes, and expand Livian’s market center teams. He’ll also help agents boost their production. “I’m thrilled and honored to join Livian, where we are incredibly focused on our mission to partner with the most talented teams in the country,

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CoStar posts 50th-straight quarter of revenue growth in Q3 earnings

Inman

CoStar Group earned $625 million in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted a 1,290 percent annual growth in Homes.com traffic.

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RealScout launches seller lead nurture features

Housing Wire

Agent-client collaboration platform RealScout announced the launch of RealScout Pro+ on Tuesday, the first significant update to the platform since it was founded in 2012. “It was a long time coming,” Andrew Flachner , RealScout’s co-founder and president, said. “We have been the category leader in buyer nurture for many years now and we have been widely viewed by our customers as the best way to keep clients in an ecosystem that they have visibility and control over, but that was mainly around

Sellers 407
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Future Agents: What will next-gen real estate pros be like?

Inman

New technology is opening the door for a new generation of real estate professionals. Find out what broker Stuart Collier says they'll be able to do with the help of integrated tech.

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Use Barcode Scanning In Your Digital Forms

GoForrmz

Barcode Scanning helps you work faster and reduce human error Barcode Scanning can help your team complete their forms faster and accurately collect specific information. You can use Barcode Scanning within your digital forms in the following ways: Auto-Populate corresponding form fields Barcode Scanning can be used to instantly populate fields with information pulled from a DataSource.

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Buffett, Munger foresee ‘hollowed out’ downtowns on the horizon

Inman

Billionaire investor Warren Buffett and business partner Charlie Munger see long-term distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. "The buildings don’t go away," Buffett said.

Investors 187
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How to Turn Your Rental Property Profits into a Huge Real Estate Portfolio

BiggerPockets

Your real estate business has come across a little money. Maybe you’ve just sold an investment property for a large profit or increased your W2 income.

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Rocket subsidiary Lendesk launches mortgage AI assistant

Inman

Lender Spotlight AI Assistant sifts through the finer points of more than 7,000 mortgage options to help brokers identify the right product and answer clients' questions.

Mortgage 187
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VIDEO: Seattle – Once the City of Clocks

Will Springer Realtor

Joseph Mayer was always on time – at least he should have been. His expertise in the clock-making business helped put Seattle on the map as the City of Clocks. Street clocks to be exact. By the mid-1930s there were at least 40 clocks dotted on walkways around the city. A person could see 16 street clocks from the corner of 4 th Avenue and Pike Street, according to a Seattle Times article from the day.

Retail 66
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Despite revenue drop, Anywhere marks another profitable quarter

Inman

Anywhere Real Estate reported revenue of $1.6 billion and a profit of $129 million for the third quarter, ending with $151 million in cash and cash equivalents.

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BoC increase would turn many away from housing market, suggests survey

Mortgagebroker News

Fewer than one in 10 Canadians believe that the BoC rate freeze had a positive impact on their interest in the housing market

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Livian names former eXp executive Thad Fisher as SVP of Revenue

Inman

Livian, the Keller Williams mega team, has named Fisher as its senior vice president of revenue. The former eXp vice president of global growth will oversee Livian's growth strategy and market center expansion efforts.

Marketing 180
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Immigration to spur activity in Calgary office market, says report

Mortgagebroker News

Significant investment in new energy technology will also have a marked impact on the Calgary market, according to Avison Young

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17 ways to audit your online content as Sitzer | Burnett unfolds

Inman

Are some of the issues coming out in the bombshell trial making you uneasy about your digital footprint? Find out what to check and how to make sure that your online content is kept current.

Brokerage 180
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Can a Buyer Sue a Seller if They Refuse to Close?

Hank Miller Team

Real estate contracts occasionally collapse due to Buyer problems, but what if the Seller bails out? Can a Buyer sue a Seller if they refuse to close? What used to be infrequent is becoming more common; Sellers backing out of contracts. They might have second thoughts about giving up a low rate or realize that maybe it’s better to keep the home they have.

Sellers 52
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RealScout Pro+ is company’s ‘most significant update since launch’

Inman

The platform update is called RealScout Pro+, and it's highlighted by Auto Nurture, a functionality that will automate outreach efforts to new and previous CRM entries. The intent is to stimulate scaling for teams and agents as the industry trudges through a multi-faceted slowdown.

Agents 180
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Elevate Your Florida Home with Coastal Chic Designs

Lamacchia Realty

ELEVATE YOUR FLORIDA HOME WITH COASTAL CHIC DESIGNS When you think of Florida , what comes to mind? Perhaps it’s the stunning beaches, swaying palm trees, and the soothing sound of the waves. Florida’s coastal charm is undeniable, and many dream of bringing a touch of that beauty into their homes. In this article, we’ll explore the allure of coastal chic designs in the Sunshine State and emphasize the importance of seamlessly blending coastal elements with your home’s int

Design 58
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Take the Inman Intel Index survey: October 2023

Inman

The Inman Intel Index goes beyond sentiment and trends by tapping into the most engaged community in real estate to understand what the industry is thinking today, and tomorrow.

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What will the Bank of Canada’s next decision mean for the housing market?

Mortgagebroker News

Central bank is set to reveal its latest play on interest rates tomorrow

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Real rebrand is focused on putting the consumer first

Inman

In conjunction with the start of operations in its 50th state, Nebraska, Real wants to become “a real estate experience company,” according to the unveiling of a new brand position at the 2023 RISE event, the company’s annual conference.

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CENTUM president on the indispensable role of the broker

Mortgagebroker News

Brokers are uniquely positioned to guide consumers through an overwhelming, volatile market

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Corcoran expands Houston footprint with new affiliate launch

Inman

No one can predict the future, but you can prepare. Find out what to prepare for and pick up the tools you’ll need at the Virtual Inman Connect on Nov. 1-2, 2023. And don’t miss Inman Connect New York on Jan. 23-25, 2024, where AI, capital, and more will be center stage.

Tools 176
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Preparing for the post-rate-drop scurry

Mortgagebroker News

How is a Top lawyer bringing soccer skills to client retention?

Clients 64