article thumbnail

Real Brokerage adds Coastline, a top San Diego team

Housing Wire

Coastline Real Estate Group , a 13-agent real estate team based in San Diego County, California, has joined The Real Brokerage. Since founding Coastline in late 2020, the group has closed more than $200 million in home sales and is ranked among the top 1% of teams in San Diego County. In 2024, it closed $67.4

article thumbnail

Rocket lays off 2% of workforce after closing Redfin acquisition

Housing Wire

billion all-stock acquisition of real estate brokerage Redfin. The company has already closed the Redfin acquisition and is awaiting regulatory approval to complete its purchase of Mr. Cooper Group. Rocket is buying the digital real estate brokerage in an all-stock transaction valued at $1.75 billion in equity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The many ways real estate brokerages boost agent productivity

Housing Wire

The Arizona-based brokerage has organized a vast network of referral partners that include major mortgage lenders like Rocket Mortgage, Veterans United Home Loans and Mr. Cooper just to name a few. This has enabled JMG agents to close more transactions. sides per agent in 2024, the most of any brokerage with 500 to 999 agents.

article thumbnail

The Real Brokerage continues its expansion tear in California, Florida

Housing Wire

The Real Brokerage is a already a top 10 company in terms of transaction volume and sides and it continued its growth this week in two of the nation’s most populous states. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. billion.

article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

By focusing on these pillars, brokerages can enhance their overall consumer experience, adapt to industry changes, and drive sustainable growth. Dive in and discover BOLD strategies for building a profitable brokerage at scale.

article thumbnail

Better Homes and Garden Real Estate adds California brokerage

Housing Wire

A boutique real estate brokerage based in Kern County, California , has joined the Better Homes and Gardens Real Estate network. We’re fortunate enough to serve a very close-knit community where local values dictate all, and the brand perfectly understands that.

article thumbnail

Real estate brokerage profit margins show signs of stabilization

Housing Wire

The index benchmarks the profitability of over 150 brokerages across the country and tracks EBITDA earnings as a percentage of revenue for U.S. brokerages that demonstrate consistent GAAP-compliant financial reporting. Both independent firms and national franchises are included in the index.