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Miami homeowner sues eXp for fraud over renovation

Housing Wire

The real estate brokerage, along with several executives including eXp World Holdings CEO Glenn Sanford , eXp Realty CEO Leo Pareja , COO Patrick ONeill, and eXp General Counsel James Bramble, are facing a new suit accusing them all of engaging in fraudulent practices, conspiracy and negligence. eXp did not return a request for comment.

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Compass acquires luxury brokerage in Washington, D.C.

Housing Wire

The brokerage has acquired Washington Fine Properties (WFP), a luxury real estate brokerage located in the Washington, D.C., According to WFP, the brokerage has the highest average sales volume per agent and the highest average sale price in the areas where it operates. Compass has added to its roster in the nations capital.

Brokerage 351
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Housing inventory is up, but so are unsold listings. Are renters to blame?

Housing Wire

Simply put, some renters are choosing to avoid rising homeownership costs, moving expenses and brokerage fees, Redfin explained. In November, Redfin also reported that renter household growth is significantly outpacing that of homeowners, showcasing a shift in market dynamics. Roughly one in six renters stayed put for 10 or more years.

Mortgages 488
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Splitero secures $350M in funding from Blue Owl Capital

Housing Wire

In tandem, Splitero also announced that it is expanding its product solutions to Tennessee and Virginia to provide more homeowners with alternative ways to access to home equity. “This investment allows us to ensure that more homeowners can access their home equity to secure their financial future,” he said. .

Equity 392
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Compass clients solicit class action suit against NWMLS

Housing Wire

Now, a new website , called Washington Homeowner Rights, is soliciting NWMLS home sellers in Washington state for a potential class action lawsuit. Those efforts are not for the benefit of sellers or buyers, but are instead designed to benefit those brokerage firms by entrenching them as the gatekeepers of property listings.

MLS 259
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Redfin’s latest layoff round hits brokerage services biz

Housing Wire

Seattle -based real estate brokerage Redfin imposed a new round of layoffs on Thursday, a development first reported by GeekWire. The cuts involved the company’s Concierge service — which assists homeowners in improve their home’s appeal before it gets listed — as well as support staff and sales managers. “As

Brokerage 459
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Revolutionized financing: How Zillow empowers home shoppers with innovative tools

Housing Wire

Prospective homeowners enter the housing market with two questions: Where do I begin? Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. How much home can I afford? Once the process starts, nearly half of home buyers report shedding tears at some point.

Finance 397