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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. The plaintiff is representing himself pro se.

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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

By contrast, legacy brokerages did not perform nearly as well. And among privately held brokerages, the one executing most effectively on what Compass is proving in the public markets is SERHANT. to become the first screenless brokerage. In Q4, the company reported a revenue increase of 26% year over year, reaching $1.4

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Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. Evernest and Poplar have each achieved national recognition on the Inc. 5000 list in the past. Poplar co-founder Chuck Hattemer will also join Evernest to guide integration and growth initiatives.

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reAlpha gets into the mortgage brokerage biz, acquires Be My Neighbor

Housing Wire

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. The Texas-based lender is licensed in 26 states and provides 15-year and 30-year fixed mortgages, including government loans, 203 (k) renovation loans and reverse mortgages. This consists of $1.5

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Why real estate professionals must return to old-school thinking in 2025

Housing Wire

Together, these obstacles are forcing agents and brokerages to hit the sidelines and plan against seemingly insurmountable odds like facing Brady and the Patriots in the Superbowl. For homeowners , stay top-of-mind by providing ongoing valuelike market insights or renovation adviceso they return when its time to sell.

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. However, they’re down 2.4%

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Here’s how wholesale lenders and brokers are navigating near-8% mortgage rates

Housing Wire

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices.

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