Housing Wire

MARCH 9, 2021

The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%. By 2021, that number shrank to $24,000.

Equity 469

Equity Brokerage As-is Mortgages 469

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. According to economists at the Canadian Real Estate Association , home sales are projected to fall by about 15% this year and an additional 2.8%

Brokerage 368

Brokerage Mortgages Banks Lending 368

Housing Wire

JUNE 21, 2022

The 2021 real estate market was one for the ages: record low interest rates and housing inventory gave way to record high home prices and sales. Capitalizing on these market factors, brokerage firms in the 2022 RealTrends 500 brokerage rankings broke records in market share, closed transaction sides (there must be inventory somewhere!)

Brokerage 295

Brokerage Agents Sales Closing 295

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. Home sales transaction volume dropped 19% year over year. It generated $1.3 billion in revenue in the fourth quarter, a decrease of 6% year over year.

Marketing 336

Marketing Branding Brokerage Sales 336

Housing Wire

MARCH 24, 2022

Back in 2018, Robert Reffkin exuded that Compass agents were literally invested in the brokerage’s success. Reffkin, the CEO and co-founder of Compass, told The Real Deal then that 1,149 of the company’s about 7,000 agents, or around 16%, returned to Compass some revenue from sales commissions in exchange for company stakes. . “To

Agents 338

Agents Equity Brokerage As-is 338

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). I would be happy to give you an equity analysis and let you know how much equity you have in your home. You’ll want to include the list price, sale price, and days on market. Call or text me with any real estate questions!

Brokerage 335

Brokerage Investor Agents Pre-approval 335

Housing Wire

SEPTEMBER 15, 2023

Insurance executive Jawed Barna will succeed Sven Odia as the CEO of international luxury real estate brokerage Engel & Völkers , the company announced Thursday. ” Odia led E&V through Permira’s acquisition in late 2021, in which the global private equity firm bought a controlling stake for an undisclosed amount.

Brokerage 329

Brokerage Branding Equity Agents 329

Housing Wire

AUGUST 7, 2023

But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8

Brokerage 335

Brokerage Principal Title Equity 335

Housing Wire

MAY 3, 2021

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. The couple allege that the brokerage lured them in 2018 with the promise of a signing bonus, marketing budget, and office space.

Agents 393

Agents Brokerage Equity Sales 393

Real Trends

SEPTEMBER 14, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 72

Brokerage Equity Agents Branding 72

Housing Wire

NOVEMBER 17, 2021

On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage. The brokerage was founded 2000 by Thad Wong and Mike Golden , who remain the companies’ co-CEO’s. The deal is set to close Dec.

Brokerage 381

Brokerage Residential Equity Branding 381

Housing Wire

JUNE 1, 2023

Compass, headed by CEO Robert Reffkin, took the top spot this year by sales volume. eXp used a mixture of its own equity, revenue sharing and the virtual nature of its business to gain its position. The full list of 2023 RealTrends 500 brokerage firms was released on March 24 and announced in The Wall Street Journal the same day.

Brokerage 304

Brokerage Residential Equity Agents 304

Housing Wire

OCTOBER 6, 2021

agreed to form a title insurance underwriter joint venture with a $210 million investment from private equity investment firm Centerbridge Partners , a move sure to shake up the title space. The sale-and-JV formation will allow Realogy to gain liquidity from the sale of its title insurance business while still maintaining a position in title.

Title 264

Title Purchase and sale agreement Equity Brokerage 264

Housing Wire

OCTOBER 19, 2023

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. On the home sale at issue, Ellis said she paid 6% commission on the home sale.

Agents 371

Agents MLS Brokerage Equity 371

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Every deal is different – the amount of equity they forward and the fee that they charge for the service. billion in closed sales volume in 2020.

Equity 400

Equity Brokerage Mortgages Title 400

Housing Wire

FEBRUARY 21, 2024

Pretium’s new fund came on the heels of private equity giant Blackstone’s decision in January to acquire Tricon Residential in a deal valued at around $3.5 Sales were half that in 2023, but the commercial real estate brokerage notes that $1.5 billion in sales is still 40% above 2019 levels.

Investor 422

Investor Construction Commercial Sales 422

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. AARP applauds HUD’s update to its Home Equity Conversion Mortgage for Purchase Program which keeps vital consumer protections in place,” Jones said.

Mortgages 315

Mortgages Closing costs Equity Construction 315

Housing Wire

FEBRUARY 16, 2022

real estate, as the New York City brokerage continues to burn through money amid its rapid expansion. Compass has earned a reputation for paying higher commission splits than other full service real estate brokerages like the conglomerate Realogy or HomeServices of America. Also, “Less agents are getting equity,” Reffkin said.

Brokerage 367

Brokerage Title Agents Equity 367

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner. For more information, visit getbuyside.com or email sales@getbuyside.com.

Pre-approval 282

Pre-approval Equity Loan Officer Brokerage 282

Realty Biz

SEPTEMBER 26, 2022

The broker wanted to discuss selling his brokerage and cashing out. In fact, it was his own large team within the brokerage that provided both his personal income and covered much of the fixed overhead. (My The single most important asset of a brokerage is the agents, and they are free to leave at any time… which they do.

Brokerage 88

Brokerage Equity Agents Technology 88

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity 350

Equity Technology Investor Lending 350

Housing Wire

FEBRUARY 17, 2021

Alexander, now rebranded as @properties , is a four-year-old firm with 45 agents and $120 million in 2020 sales volume that has so far focused on downtown Detroit. Co-founded by Thad Wong and Michael Golden in 2000, @Properties is the biggest real estate brokerage in Chicago and 10 th largest shop in the nation with $10.8

Brokerage 319

Brokerage Principal Technology Equity 319

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. DOJ has swooped into lawsuits against the National Association of Realtors and top brokerage firms. Samson reported $9.6

Title 370

Title Brokerage Agents Branding 370

Housing Wire

MAY 3, 2022

The Agency , a Beverly Hills-based brokerage that has been around since 2011, announced Tuesday that it has bought Triplemint , a Manhattan shop started in 2013 by Yale college classmates David Walker and Phillip Lang. But it was an all-equity transaction, The Agency said in announcing the deal.

Brokerage 326

Brokerage Equity Agents Branding 326

Realty Biz

FEBRUARY 17, 2022

Today’s skyrocketing home values have resulted in 42% of homeowners with mortgages being “Equity Rich” at the end of 2021 (according to Attom real estate data). In total, that is an incredible amount of equity wealth. trillion in available equity, which is a 35% jump in a single year. How Equity Wealth is Created.

Equity 84

Equity Principal Loans Mortgages 84

RIS Media

AUGUST 23, 2021

I once saw a sign from a large brokerage that read, “It’s not about the agent, it’s about the brand.” How does a simple idea grow to over 6,000 agents without private equity or venture capital pouring money into growth? When agents attract more clients and close more sales, the whole company wins.

Brokerage 98

Brokerage Agents Branding Equity 98

Housing Wire

JULY 18, 2022

And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months. It has patiently prepared for a downturn and didn’t layoff a single employee in the past two years, said Rick Trew, vice president and regional sales manager at WesBanco. “We

Mortgages 441

Mortgages Banks Brokerage Loans 441

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

MAY 17, 2023

Approximately 5 million homeowners extracted $430 billion in home equity from their cash-out refinancings ($81,000 on average), while 9 million received a rate-term refi and shaved more than $200 on average from their monthly mortgage payments. Real estate brokerages have a related problem — transaction volume is down.

Equity 354

Equity Mortgages Brokerage Finance 354

Realty Biz

DECEMBER 19, 2023

Additionally, it has established a preferred estimate and repair partnership with the National Association of Realtors® and caters to over 250 national and regional brokerages. Over the last three years, BOSSCAT™ has become a top home service, data, and technology company, now catering to over 100,000 users on its platform.

Equity 81

Equity Renovation Technology Inspection 81

Housing Wire

MAY 31, 2022

The chief executive officer for real estate brokerage Side announced a fresh $50 million in venture capital money spearheaded by ultra-prolific financier Tiger Global Management. For many years, everyone thought brokerage was ripe for major disruption,” said Gilles Duranton, real estate professor at the University of Pennsylvania. “For

Brokerage 353

Brokerage Investor Technology Industrial 353

Housing Wire

APRIL 26, 2022

The rule has been around since 1913, and, according to the consumers and their lawyers who filed the lawsuit (the lead named plaintiffs are homebuyers Rhonda and Scott Burnett), has artificially inflated real estate commissions to 5-6% total of the home sale price. economy – like travel agent and stockbroker – have gone mostly extinct.

Brokerage 309

Brokerage Residential Agents Equity 309

Housing Wire

JULY 21, 2021

1 residential real estate brokerage by sales volume – and no. Quad-C , a private equity firm based in Charlottesville, Virginia, invested an undisclosed stake in @properties back in 2018. The Chicagoland market’s no. 8 nationally, according to RealTrends – is now expanding.

Brokerage 363

Brokerage Equity Residential Agents 363

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets.

Debt-to-income ratio 471

Debt-to-income ratio Agents Equity Closing costs 471

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

Short sale 83

Short sale Sales Pre-approval Equity 83

Toronto Realty Blog

SEPTEMBER 25, 2023

Chris had the idea to talk about “discount brokerages,” and I thought it was great. Alternative Brokerage Models: Are We Trying to Solve a Problem That Doesn’t Exist? This was an amalgamation of a handful of essentially “sale by owner” companies across the country backed by venture capital firm DN Capital.

Brokerage 98

Brokerage Industrial MLS Renovation 98

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. A successful sale of stock at $24.50 would give the brokerage a “fully diluted market value of $12.5 Presented by: Motto Mortgage.

Marketing 299

Marketing Brokerage Residential Banks 299