BrokeragesReal posts net loss for 2022 but sees a turnaround comingDespite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.Dave GallagherMarch 16, 2023
By the NumbersAfter a topsy-turvy week, mortgage rates dropIn the wake of turbulence in the banking sector, the 30-year fixed-rate mortgage fell to 6.6%, down from 6.73% a week ago.Dave GallagherMarch 16, 2023
BrokeragesAnywhere CEO sees opportunities, advantages of scaleRyan Schneider, leader of one of the largest real estate enterprises, believes the company will benefit from continued investments, even in a downturn.Dave GallagherMarch 16, 2023
By the NumbersHomeowners have $90K more home equity than pre-pandemicA CoreLogic report found that average home equity rose more than 7% in 2022 — a small gain relative to the big jump seen in 2021, but still above average.Dave GallagherMarch 15, 2023
By the NumbersFlorida a rising MVP with #2 most valuable housing marketWith the value of its residential real estate surpassing $3.6 trillion, Florida edged out New York but trails California among markets with the top home values.Dave GallagherMarch 15, 2023
AgentsAgents Decoded: The art of customer service + luxury client tipsPrice point shouldn't determine your level of service. But luxury pro Farrah Brittany of The Agency notes a few considerations when working with luxury buyers.Farrah BrittanyMarch 15, 2023
IndustryUncertainty post-SVB could create opportunity for homebuyersBank failures may lead the Fed to tap the brakes on raising interest rates, which means now is a good time for homebuyers to keep calm and make their move.Stephanie Reid-SimonsMarch 14, 2023
MLS/AssnMore Latinos are becoming homeownersA new report from NAHREP found that Latinos formed more new households than any other demographic group in 2022 while also increasing their homeownership rate.Cheryl Reid-SimonsMarch 14, 2023
BrokeragesLong & Foster CEO, brokerage president resignCEO Jeff Detwiler left after nearly 14 years with Long & Foster, along with Boomer Foster, the founder’s nephew. Two company vets have moved into their spots.Stephanie Reid-SimonsMarch 13, 2023
BrokeragesKW reports modest growth in agent count, lower sales volume in 2022The franchise is approaching 200,000 agents worldwide and reported gains in its global markets, as U.S. and Canada numbers dipped.Amie FisherMarch 13, 2023
BrokeragesWho’s No. 1? See which companies held on despite the downturnT3 Sixty’s ranking of the top real estate companies includes Compass, Keller Williams, Anywhere and other repeat leaders — plus a few surprises.Amie FisherMarch 13, 2023
AgentsMarket Moods: Agent perspectives on home showings (are they really up?)ShowingTime's Showing Index found that home showings were way up in January over December. Are agents on the ground seeing the same trend? Cheryl Reid-SimonsMarch 12, 2023
IndustryMaking sense of the Silicon Valley Bank collapseThe government took over SVB on Friday, while proptech leaders offered their support for the bank and expressed concern about the impact of its failure.Stephanie Reid-SimonsUpdated March 13, 2023
BrokeragesBrokerage Beat: Growth in Canada, Cyprus, Caymans, Caribbean and moreThe Agency adds third Toronto office, Realty ONE opens in Cyprus and Caymans, Christie's expands to St. Croix, Great Life joins Real, Mainframe RE touts tech.Real Estate News StaffUpdated March 11, 2023
AgentsBack to basics: 4 tips for success in a post-pandemic worldAgents are returning to tried-and-true ways of doing business, prioritizing relationships and embracing the tools and approaches that always worked. Nicole BrodeurMarch 11, 2023
TechTech Bytes: ShowingTime+ adds markets, MoxiWorks offers management portal, moreListing Media Services in 6 new markets, MoxiWorks partners with Milestones, Revive partners with NextHome, CubiCasa adds MLS partners, Mosaik launches.Real Estate News StaffMarch 10, 2023
BrokeragesDouglas Elliman quarterly revenue down 40% from year beforeThe luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.Amie FisherMarch 10, 2023
BrokeragesHow Corcoran grew from a boutique brand to a global presenceFor most of its 50 years, Corcoran was a regional player. But in 2020, its affiliate network took off, and “it’s just the beginning of the story.”Amie FisherMarch 10, 2023
BrokeragesAgent count up, offsetting losses for top Canadian brokerage companyBridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.Stephanie Reid-SimonsMarch 9, 2023
By the NumbersHave down payment, will travelRelocation picked up in 2022, with buyers seeking out more affordable homes in Florida, Texas and California.Amie FisherMarch 9, 2023