The Agency brings on Jeff Davidson Group and more teams to SoCal
The former Compass team is the latest in a handful of teams to join The Agency in Southern California over the last few months. The team has over $750M in career sales volume
Climate activists vandalize Lionel Messi's $12M Ibiza home
Spanish group Futuro Vegetal smeared the star footballer's mansion in red and black paint to blame the rich for the climate crisis, while highlighting the Spanish government's inaction
Ultra-luxury sales show resilience, up 3.9% from last year
Ultra-luxury sales in coastal enclaves and ultra-luxury hotspots bolstered sales beyond those of last year, according to a report released by Compass this week
by Richelle Hammiel Aug 8
Corcoran HM Properties acquires Property Shop International Realty
The acquisition will allow Corcoran HM Properties to expand into Wilmington, Inman has learned. The firm's combined footprint now spans more than 160 agents across 6 offices
Auction site bids to attract buyers amid commission changes
'We offer a single-page, non-exclusive agency agreement with a flat $4,995 agency fee bonus if sellers provide compensation': Rock Smart Realty's RJ Timlin
by Craig C. Rowe Aug 8
The top 7 amenities luxury homebuyers want in 2024
Luxury homebuyers are willing to pay top dollar for the amenities they want, but they’re very selective, Realtor Jonathan Pressman writes. Here are the most sought-after amenities this year
How to leverage your first virtual assistant in real estate
Hiring a virtual assistant is about giving yourself leverage so that you have time to focus on income-generating activities and building relationships, coach Verl Workman writes
by Verl Workman Aug 8
Douglas Elliman sees revenue tick up in Q2 2024
The company's improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders because of its shaky performance in recent quarters
Mortgage rates bounce back before homebuyers can pounce
The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again
by Matt Carter Aug 7
Most Americans weren't expecting the big drop in mortgage rates
Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn't think rates would come down anytime soon
by Matt Carter Aug 7
'Hidden' homeownership costs locking potential buyers in place
Households have deferred moving, partially due to high 'hidden' homeownership costs such as property taxes, insurance and climate change, according to a report
by Richelle Hammiel Aug 7
Real Brokerage sees new highs in revenue, gross profit during Q2
The cloud-based brokerage saw surprisingly positive Q2 earnings results during a tough market. Chairman and CEO Tamir Poleg said the results were a testament to the firm's model
RentSpree releases new income verification reporting tool
The fintech feature, the result of an integration with Finicity, a Mastercard company, links to the individual’s bank account to record transactions over the last 12 to 24 months to pull data directly
by Craig C. Rowe Aug 6
LoanDepot boosts revenue, sells servicing to restructure debt
Pending $25M settlement of January cyberattack adds to $66M Q2 net loss, but executives say they're in a better position to grow after selling $29B in mortgage servicing rights
by Matt Carter Aug 6
A piece of chocolate cake being removed from the whole
The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead