Housing Wire

AUGUST 9, 2024

Is a business model change coming for RE/MAX? The possibility was floated on the company’s second-quarter 2024 earnings call Friday morning, as the brokerage’s sinking agent count continues to suppress revenue in what’s already a difficult housing market for real estate companies. RE/MAX has operated on a flat-fee business model since its inception, but a company website suggests there are options for agents who wish to take commission splits.

Agents 432

Agents Brokerage Investor Land 432

Real Estate News

AUGUST 9, 2024

Agent count has also continued to decline, and CEO Erik Carlson said they are looking at all aspects of their business in preparation for an industry rebound.

As-is 219

As-is Industrial Agents 219

Housing Wire

AUGUST 9, 2024

Standing your ground. It’s a phrase we often hear, but its importance cannot be overstated in the real estate business. The ability to hold firm to your values, worth, and business practices is not just a strategy; it’s a necessity. As the CEO of a multi-state real estate brokerage , I have witnessed firsthand the importance of this principle.

Brokerage 421

Brokerage Agents Industrial As-is 421

Real Estate News

AUGUST 9, 2024

"Powered by Offerpad" supports the iBuyer's agent partners; Peerage gets Rechat tools; Audience Town adds builder analytics; Rexdat offers listings platform.

Agents 200

Agents 200

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Agents

Housing Wire

AUGUST 9, 2024

In a recent episode of the Real Estate Insiders Unfiltered Podcast, the hosts dive into commission sharing practices for agents, the associated risks and the alternatives ahead of the National Association of Realtors ‘ (NAR) business practice changes that are set to take effect on Aug 17. Co-hosts James Dwiggins and Keith Robinson urge agents to stop sharing commissions and discuss ways that listing agents can put their seller’s needs first while avoiding legal trouble and creating an exc

MLS 421

MLS Agents Closing As-is 421

Housing Wire

AUGUST 9, 2024

As the portal wars have heated up, Realtor.com’ s revenue has cooled off. During the fiscal year fourth quarter Move, Inc., the parent company of Realtor.com , recorded a 2% annual decrease in revenue to $143 million, according to an announcement on Thursday. NewsCorp , the parent company of Move, attributed the decline to higher mortgage rates and macroeconomic headwinds.

Technology 440

Technology Mortgages Marketing Finance 440

Inman

AUGUST 9, 2024

A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases.

Mortgages 189

Mortgages Sales Marketing 189

Housing Wire

AUGUST 9, 2024

The reverse mortgage industry’s key performance indicators were split in July, according to data from industry analysts. Home Equity Conversion Mortgage (HECM) endorsements increased by 8% from June to July, with the total of 2,274 falling reasonably in line with Federal Housing Administration (FHA) HECM case numbers. This is according to data compiled by Reverse Market Insight (RMI).

Mortgages 431

Mortgages Finance Industrial Equity 431

Inman

AUGUST 9, 2024

There is a good deal of feature overlap between the Lofty and Firepoint, with both providing the market website creation and content management, AI assistants and lead generation and oversight. However, Lofty ventures into transaction management, omnichannel lead-gen and as of recently, property management.

Property Management 182

Property Management Marketing As-is Technology 182

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Agents

Housing Wire

AUGUST 9, 2024

“Gray divorce” — referring to the decision of a married couple over the age of 50 to separate — is a growing phenomenon. According to a 2022 study published in the Journals of Gerontology, the rate of divorce among those ages 50 and older has doubled since 1990 and has tripled for those 65 or older. Gray divorce can come with a myriad of financial headaches for those determining what post-married life will look like and how previously intertwined financial situations can be separated.

Mortgages 431

Mortgages Equity Loans Finance 431

Inman

AUGUST 9, 2024

Austin, Texas-based fintech's flagship product, "The Trade-In Mortgage," helps homebuyers make non-contingent offers and removes their current house from debt-to-income calculation.

Mortgages 186

Mortgages 186

Housing Wire

AUGUST 9, 2024

Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. But executives expect a shift in the landscape due to declining interest rates , which may help them achieve profitability in the final three months of the year. “The bond market seems to be signaling that the Federal Reserve ’s target rate could end the year potentially more than 100 basis points lower than where we’ve b

Banks 420

Banks Loan Officer Loans Title 420

Inman

AUGUST 9, 2024

Housing affects every aspect of American life, Rachael Hite writes. This election, discover how each presidential candidate plans to reshape housing.

Brokerage 189

Brokerage Agents 189

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Brokerage

Housing Wire

AUGUST 9, 2024

A cooler spring homebuying season led to a mixed bag of financial results for the Big Four title insurance firms in the second quarter of 2024. Although all four firms reported a net income during the quarter, not all of them recorded better results than a year ago. Old Republic At Old Republic , total operating revenue was up 10% year over year to $2.012 billion, while net income was down annually from $115.5 million a year ago to $91.8 million in Q2 2024.

Title 424

Title Marketing Technology Commercial 424

Inman

AUGUST 9, 2024

The Engel & Völkers Americas president and CEO took time to chat with Inman and shared why agents should be concentrating on relationships — not confusion around commission lawsuits.

Agents 177

Agents 177

Housing Wire

AUGUST 9, 2024

HomeServices of America is one step closer to moving on from the home seller commission lawsuits. On Thursday, Judge Stephen R. Bough — who is overseeing the Sitzer/Burnett and Gibson/Umpa commission cases — granted preliminary approval to the brokerage firm’s settlement agreement. “The Court finds that the proposed Settlement with HomeServices, as set forth in the Settlement Agreement, is fair, reasonable and adequate, the class representatives have adequately represented the class, the Settlem

Brokerage 420

Brokerage Staging Agents As-is 420

Inman

AUGUST 9, 2024

Consumer guides from the trade group offer a contrast to previous messaging but also continue to promote pre-emptive offers of compensation to buyer agents.

Agents 178

Agents MLS Marketing 178

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Loans

Eye on Housing

AUGUST 9, 2024

Total outstanding US consumer debt stood at $5.08 trillion for the first quarter of 2024, increasing at an annualized rate of 2.46% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. From the second quarter of 2023 to the second quarter of 2024, the total increased by 1.84%. This year-over-year (YoY) growth rate.

Loans 117

Loans Finance 117

Inman

AUGUST 9, 2024

At least five agents based in New York and Miami have left the firm in about the last week. Previously, West Coast founding broker Tyrone McKillen had also left the Side-backed brokerage.

Agents 177

Agents Brokerage 177

RIS Media

AUGUST 9, 2024

Anthony Lamacchia was named 2024 REALTOR® of the Year by the Greater Boston Association of REALTORS® at its Annual Awards & Networking Breakfast in Boston. “I am honored to receive this recognition and would like to express my sincere gratitude to everyone who participated in the selection process,” said Lamacchia. “It’s a privilege to be… The post Anthony Lamacchia Named GBAR 2024 REALTOR® of the Year appeared first on RISMedia.

Industrial 115

Industrial Agents 115

Inman

AUGUST 9, 2024

The iBuyer declined to confirm how many employees have been let go. Recent SEC filings show widespread cuts compared to a year earlier.

Marketing 192

Marketing Brokerage Agents 192

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Agents

Eye on Housing

AUGUST 9, 2024

During the second quarter of 2024, credit for residential Land Acquisition, Development & Construction (AD&C) continued to tighten and became even more expensive for most types of loans, according to NAHB’s survey on AD&C Financing. The survey was conducted in July and asked specifically about financing conditions in the second quarter, predating the release of.

Finance 111

Finance Land Construction Residential 111

Inman

AUGUST 9, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 178

Brokerage Agents 178

Brownstoner

AUGUST 9, 2024

Teachers, students, community gardeners, city planners, union workers, Brooklynites barely old enough to stand at a podium, those at the other end of the age spectrum, and many in between, gathered in a room in Downtown Manhattan on Wednesday with the message to protect the Brooklyn Botanic Garden. … Read More > The post Crowd Defends, Again, Botanic Garden From Development Shadows at Heated Hearing appeared first on Brownstoner.

Development 106

Development 106

Inman

AUGUST 9, 2024

HomeServices previously agreed to pay $250 million to settle various commission suits. A final approval hearing is set for November.

MLS 185

MLS Brokerage 185

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Sales

BAM Media

AUGUST 9, 2024

BAM Key Details: New research from Realtor.com reveals the 10 most popular housing markets of the past year using online traffic data, including views per property and the Regional Traffic Concentration Index. Among the 10 most popular markets (limited to one market per state for optimal diversity), five are in the South, three in the Northeast, two in the Midwest, and none in the West.

Marketing 105

Marketing Agents Finance Technology 105

Inman

AUGUST 9, 2024

Expedia Group met the high end of its earnings expectations for the second quarter of 2024, despite a challenging macro environment and softening travel demand, according to an earnings report released Thursday.

Marketing 160

Marketing 160

BubbleInfo

AUGUST 9, 2024

I got an update on the group of brokerages who have hired the same law firm to go after the National Association of Realtors. If they intend to disrupt the August 17th changes, they better get on it! But they are going let that go, and instead they will be pursuing the legal alternatives to […] The post Clear Cooperation Policy Update first appeared on bubbleinfo.com.

Brokerage 105

Brokerage 105