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New apartment construction hasn’t lowered rents in many areas

Housing Wire

More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. Seattle-based brokerage Redfin released a report this week that highlighted a 1.5% increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months.

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Bay Area brokerage buys back independence to ‘make meaning, not money’

Housing Wire

The moment felt surreal and inspiring for Chris Trapani and Ryan Iwanaga, co-founders of the Christie’s International Real Estate Sereno brokerage, as they repurchased their independence from @properties. Beyond that, the brokerage will now be the exclusive representative of Christie’s International Real Estate in the Bay Area.

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Maryland-based Anchor Home joins Compass

Housing Wire

Were always proud to partner with top brokerages and agents who share our commitment to delivering an exceptional experience for buyers and sellers across every market we serve. Anchor Home specializes in high-end residential sales, staging, new construction consultations and renovation strategies. Their average listing price is $1.7

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Zillow will begin banning noncompliant listings on June 30

Housing Wire

As such, the rule does not apply to for-sale-by-owner ( FSBO ) and rental listings or new construction inventory listed directly by a homebuilder. The property is limited to only the listing brokerage and can be shared only among agents within that brokerage, or via one-to-one communication with clients.

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Compass strikes again with leadership changes in the Southeast

Housing Wire

Leading brokerage Compass announced some key leadership moves this week to bolster its operations in the Southeast, including Florida. The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. It is the nation’s leading brokerage by sales volume.

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Special report: Jacksonville’s brokerage competition visualized

Housing Wire

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

To classify these sales, Zillow identified sales that were reported pending or closed with at most one day active and with a buyer and seller represented by the same agent or by agents within the same brokerage office, the report stated. Zillow said only this subset of off-MLS transactions was included in the analysis.

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