Why brokerage mergers are about buying ‘hope’
A consultant and former Anywhere exec breaks down the actions investors should take when looking to acquire or merge with other real estate firms.
February 4, 2024
AJ LaTrace
AJ has covered real estate for the last decade as a reporter and editor for publications including Vox Media's Curbed, Chicago magazine and Business Insider. At Business Insider, AJ led the brand's coverage of how everyday people invest in real estate as a means of gaining financial independence, and he reported on big-picture trends and pain points in the broader U.S. real estate market. AJ is based in Chicago, where he also moonlights as a small-time landlord.
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- Mortgage rates dip slightly as Fed continues its pauseRates have remained relatively stable since December, with the average 30-year mortgage rate posting a modest decline this week.February 1, 2024
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- Home prices continued to rise in NovemberPrices improved 5.1% annually, the latest Case-Shiller report indicates, but a small dip between October and November ended a streak of monthly gains.January 30, 2024
- Offerpad providing new incentives for agents who bring clientsThe iBuyer has introduced two new tiers in its agent partnership program, which provide up to 4% in referral fees and access to more sell-side deals.January 29, 2024
- Layoffs at eXp? 35 employees ‘venturing into new opportunities’In a LinkedIn post, eXp’s EVP of People implied that nearly three dozen people had been laid off. The company later acknowledged "a small reorganization."Updated January 26, 2024
- Pending home sales see healthy bump after record lowsThe uptick in pending homes is a “promising” sign of life in a market that has been sidelined by low inventory and high home prices.January 26, 2024
- Zillow retained its lead in Q4, Homes.com came in fourthTraffic data from Comscore showed Zillow with twice as many visitors as second-place Realtor.com, while Homes.com appeared to lose some ground.January 26, 2024
- Anywhere CEO ‘wouldn’t trade positions’ with any leader mired in lawsuitsRyan Schneider spoke to Real Estate News about his company’s decision to settle in the commissions cases and his thoughts on NAR and the year ahead.January 25, 2024
- ENRG Realty offers a new take on revenue sharingThe newly launched firm — the brainchild of former eXp and Real execs — tweaks the downline model and is intended to “professionalize the industry.”January 23, 2024
- Existing home sales haven't been this low since 1995According to the latest NAR data, just 4.09 million existing home sales were reported in 2023, the lowest number in nearly three decades.January 19, 2024
- Meet the reporter whose NAR story rocked the industryNew York Times journalist Debra Kamin talked to Real Estate News about the response to her investigations, why her eXp story “hit differently,” and what’s next.January 17, 2024
- Empty nesters are holding on to their big homesBaby boomer households without children own nearly 3 in 10 homes with 3+ bedrooms — millennials with children own half that amount.January 16, 2024
- Real gets into the ‘brokerage as a service’ businessThe brokerage’s new Private Label initiative gives teams access to Real’s platform and revenue sharing model while maintaining their independent brand.January 10, 2024
- Home price index up more than 5% in NovemberAccording to the latest CoreLogic report, the Midwest and South saw the highest home price growth, and a handful of states posted double-digit gains.January 9, 2024
- SP 200: Real estate’s top leader, and a demographic shiftAnywhere’s Ryan Schneider has been named the most powerful person in this year’s rankings of residential real estate’s movers and shakers.January 9, 2024
- Most agents barely making it in this ‘part-time industry’In its latest report, the CFA continues to cast a critical lens on what it sees as a bloated industry where too few agents can succeed.January 6, 2024
- Buffalo is best in 2024, but the Buckeye State dominatesZillow predicts some of the hottest markets for price growth and home sales will be those in the Great Lakes region, with three Ohio cities in the top 10.January 4, 2024
