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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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Nevada plaintiff adds 15 brokerages to commission suit

Housing Wire

But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants. The Brokerage Defendants also serve an essential role in the conspiracy by executing the conspiracy’s objectives on the ground,” the complaint states. “In

Brokerage 459
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Equity jumps for Black homeowners, but problems remain

Housing Wire

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021.

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Home equity investment startup Splitero launches its own real estate brokerage

Housing Wire

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. It is available in four states, California, Colorado, Oregon and Washington and will help homeowners “sell for a higher price,” the company said. Our brokerage is unique,” Michael Gifford told HousingWire. “It’s

Equity 435
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Protecting homeowners from predatory business practices

Housing Wire

It is a month when we celebrate the American Dream of homeownership and reflect on the current challenges that homeowners are facing today. The purchase of a home is one of life’s largest and most important investments, and it is critical that homeowners remain vigilant to protect this investment.

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Rocket announces discount real estate brokerage

Housing Wire

Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass. The remote agent option “will be open to the public starting in the fourth quarter of 2021,” according to the release, with homeowners “paying a significantly lower commission of only 1.5% The Detroit-based company – and no.

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Homeowners gain $9.1 trillion in housing value in 2021

Housing Wire

homeowners gained a whopping $9.1 Daryl Fairweather, chief economist at Redfin, said in a statement that the surge in housing values during the pandemic has contributed to a widening gap between homeowners and renters in America. The post Homeowners gain $9.1 As a result, the value of U.S. homes grew by 31.4% to $8 trillion.

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