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Most Brokerages Have Zero Counter-Cyclical Hedge

Notorious ROB

The market was crazy hot, and both mortgages and home sales were going stratospheric. Sales plummeted. They ended up having to fire sale their investment properties, sell their vacation home, and suffered enormously for years. And over the past few years, brokerages have done very well with this ancillary-revenue based model.

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Redfin makes its big rental play with RentPath acquisition

Housing Wire

After a deal to be acquired by CoStar Group fell through due to antitrust objections from the federal government, real estate brokerage and listings portal Redfin has scooped up the Atlanta-based rental platform. Redfin, which also operates a brokerage as well as an iBuyer, brought in $875 million in revenue during the same period.

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RESPA enforcement is back — are you ready?

Housing Wire

For lenders and brokerages, the risks of LOs or agents overstepping are high. A CFPB enforcement action could “force already financially weakened lenders into bankruptcy,” Selden said. More vexing for lenders and brokerages is that RESPA rules remain unclear, despite recent guidance from regulators and the existing consent orders.

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Hit list: Inside CoStar’s all-out war against Zillow

Housing Wire

CoStar has not significantly grabbed market share of for-sale residential, perhaps the largest total addressable market in U.S. StreetEasy has been biting the hand that feeds it for too long,” said Frederick Peters, CEO of New York City brokerage Warburg Realty. Also, CoStar owns the most trafficked U.S. But CoStar is starting to try.

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Hope and homebuyers return to Paradise

Housing Wire

After the fire, the price of PG&E’s shares tumbled and in early 2019 the company, which provides gas and electricity to the vast majority of Northern California homes, filed for Chapter 11 restructuring bankruptcy. In 2020, as part of its plan to exit bankruptcy , PG&E agreed to fund a $13.5

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Proptech Earnings Radar – Q3 2023

GeekEstate

Seasonally-adjusted annual sales of existing homes were below 4 million (according to Zillow), which is as low as they’ve been since the back side of the 2008 financial crisis. On the CRE side, flex office powerhouse WeWork declared bankruptcy. in revenue, a 17% YoY increase.

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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

As Richie Helali , mortgage sales leader at HomeLight Loans explains “You have to actually report the income. They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Brokerage account statements. Bankruptcy paperwork. Bank statements. Credit report. Car payments.

Loans 103