Housing Wire

APRIL 23, 2024

“We believe adding 3D digital twins for Homes.com will increase the leads we deliver, increase customer satisfaction, increase renewal rates, increase sales and increase site traffic further.” In the first quarter, the sales team for Homes.com generated nearly $40 million in net new bookings.

Sales 327

Sales Residential Branding Brokerage 327

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies? Presented by: Axis Technical Group.

Lending 393

Lending Brokerage Mortgages Banks 393

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits. Data certainly abounds in real estate.

Agents 334

Agents Brokerage MLS Technology 334

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 Poleg acknowledged the headwinds faced by the industry, telling analysts that elevated mortgage rates are stifling sales activity. Like many other brokerages , the firm is still in the red (it lost over $20 million last year). million loss year over year. compared to 8.3%

Brokerage 336

Brokerage Agents Title Lending 336

Housing Wire

NOVEMBER 29, 2023

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 419

Agents Brokerage Technology Staging 419

Housing Wire

MAY 14, 2024

“Compass has the best tools and technology in the industry, allowing us to operate at efficiencies we’ve only been dreaming of for the past three years,” Skenderian said in a statement. The Marcus Skenderian Real Estate Group works across commercial real estate , architecture, construction , development and residential sales.

Commercial 356

Commercial Construction Residential Technology 356

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand. At the heart of our ecosystem approach is technology.

Industrial 382

Industrial Mortgages Lending Due diligence 382

Housing Wire

AUGUST 29, 2023

Recruitment is a crucial determinant of growth and success for real estate brokerages. Like your customer, the recruitment process can be visualized as a sales funnel, where potential recruits enter at the top, and the best-suited agents emerge at the bottom as ideal members of your team or brokerage.

Brokerage 361

Brokerage Staging Branding Agents 361

Housing Wire

OCTOBER 13, 2023

“It means access to the industry’s leading technology platform and a vast agent referral network that will yield the greatest returns over time.” The Beinfield Team was the ninth-best small team in Connecticut based on sales volume, closing nearly $67.2

Principal 414

Principal Brokerage Agents Technology 414

Housing Wire

MARCH 18, 2024

It was a part of the 2022 REACH Canada Cohort, a technology scale-up program backed by the National Association of Realtors (NAR). According to Tyler Thompson, managing partner at Second Century Ventures and REACH, the residential real estate industry is ripe for innovation. “By Our expansion into the U.S.

Marketing 394

Marketing Residential Technology Branding 394

Housing Wire

FEBRUARY 27, 2024

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year. But executives noted that Compass outperformed the industry, which reported nearly a 19% decline in transactions sides in 2023. “We

Brokerage 376

Brokerage Investor Technology Agents 376

Housing Wire

OCTOBER 20, 2023

In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers have had lots of choices in brokerage services, including those with lower costs, but they have chosen not to use them in any meaningful way.

MLS 423

MLS Brokerage Agents Industrial 423

Housing Wire

DECEMBER 11, 2023

Despite the change in pay structure, agents enrolled in the Redfin Next pay plan remain W-2 employees who still receive benefits, including health care, 401(k) matching, technology, and an employee stock purchase program.

Marketing 409

Marketing Brokerage Agents Technology 409

Housing Wire

NOVEMBER 28, 2023

The ongoing housing market decline, which saw existing-home sales fall 36% in 2022 alone (on a seasonally adjusted annual basis) and 41% overall to September’s low, is the sharpest (though not the deepest) in the history of this industry. As such, it certainly feels like that pendulum is a labrys slicing through our brokerage firms.

Brokerage 403

Brokerage Residential Technology Development 403

Housing Wire

OCTOBER 2, 2023

Most brokerages are only a loose affiliation of independent agents, and none of us wants to impose a policy that could alienate any of the people who generate our revenue.” In leaving NAR, the brokerage said it will explore other ways to achieve those goals. We love our industry. We’ve tried to love NAR.

Brokerage 376

Brokerage Agents Industrial Technology 376

Housing Wire

AUGUST 9, 2023

The advent of artificial intelligence (AI) has been sending shockwaves across nearly every industry, and real estate is no exception. While our industry is notorious for its lethargic adoption of new technologies, it is inevitable that AI will reshape many of the traditional and archaic processes that exist today.

Agents 369

Agents Brokerage Technology Industrial 369

RIS Media

DECEMBER 10, 2020

This article is the second in a series on effectively implementing new technology at the brokerage level. And if your brokerage doesn’t adapt to change, you’re at risk of losing new business and agents to your competition. Technology is only going to get better and play an increasingly central role.

Brokerage 105

Brokerage Technology Design As-is 105

Housing Wire

AUGUST 7, 2023

Digitization redraws industry boundaries and changes how the value of information is expressed, enriched and exchanged. Many industries began to deploy electronic supply chains in the 1980’s. Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading.

Lending 360

Lending Loans Technology Brokerage 360

Housing Wire

MARCH 28, 2022

Ryan Serhant, founder of real estate brokerage SERHANT., Serhant launched his namesake brokerage after building the No.1 Serhant’s new brokerage is designed to break the traditional model, with divisions focused on media, branding and technology to reach consumers in a new way. will headline HousingWire Annual Oct.

Title 338

Title Brokerage Technology Design 338

RIS Media

APRIL 5, 2022

1 privately held real estate brokerage firm in the United States, according to the recently released RISMedia Power Broker Report. billion in closed sales volume and 125,482 closed transaction sides as reported to RISMedia. 5 ranking by sales volume. Together, they form a strong brand across the East Coast and into the Midwest.

Industrial 98

Industrial Brokerage Technology Agents 98

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. “Hey Clayton …” and a link. In 2016 LLR led a $26.5

Technology 361

Technology Brokerage Lending Mortgages 361

Housing Wire

OCTOBER 19, 2023

The Real Brokerage has appointed Christian Wallace as chief of integrated home services, the company announced on Thursday. Prior to joining the brokerage , Wallace worked at some of the leading companies in the industry, such as Rocket Homes , Better.com , Opendoor and Farmers Insurance.

Title 377

Title Brokerage Industrial Development 377

Boom Town

MARCH 23, 2021

BoomTown, the leading cloud-based sales and marketing automation platform for real estate professionals, is excited to announce the strategic acquisition of Brokermint. Brokermint’s technology consolidates and automates all back office and transaction management functions through easy-to-use, scalable software solutions. Accounting .

Brokerage 98

Brokerage Industrial Technology Closing 98

Housing Wire

OCTOBER 11, 2023

The forward-thinkers and trailblazers who are shaping the industry through their unwavering commitment, transformative ideas and steadfast dedication to driving growth and positive change. In its 9th year, the HousingWire Vanguards award offers a definitive list of the top leaders in housing who are shaping the housing economy for the better.

Lending 457

Lending Technology Mortgages MLS 457

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms. On the other hand, Compass has shot up the brokerage rankings – placing 2 nd in U.S.

Purchase and sale agreement 378

Purchase and sale agreement Agents Brokerage MLS 378

Housing Wire

MARCH 12, 2021

In September, Zillow unveiled Zillow Homes , a licensed brokerage entity, which serves as the brokerage of record for all Zillow Offers transactions. HousingWire’s virtual demo days are designed specifically to help mortgage industry decision makers identify the technology solutions they need to operate efficiently and securely.

MLS 471

MLS Brokerage Technology Industrial 471

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In The annual investment volume in the U.S.

Equity 414

Equity Finance Purchase and sale agreement Investor 414

Housing Wire

AUGUST 29, 2023

. “This transition provides me access to the industry’s premier technology platform, an energetic office culture, and an expansive referral network spanning the nation,” said Clarke, whose team was previously part of William Raveis.

Technology 382

Technology Agents Sales Industrial 382

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. The reason to stay private is twofold, industry experts said. The recent brokerage IPO wave started with Redfin in 2017. Side is no outlier.

Brokerage 378

Brokerage Investor Technology Industrial 378

Housing Wire

JANUARY 11, 2024

For the most part, many brokerages and real estate agents on the buyer’s side of the transaction have continued on with a “business as usual” approach until we have certainty as to the true impact. Such an approach would likely tend toward a transactional, brokerage-focused revenue model.

Title 429

Title Brokerage Construction Closing 429

Housing Wire

DECEMBER 27, 2021

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. for the largest brokerage companies in the United States. The first cause of the decline is the growth in competition for productive agents and a variety of new brokerages. Now, they’re at 13.5%

Brokerage 381

Brokerage Finance Short sale Agents 381

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. So opening up a brokerage was kind of always on my mind.

Loans 382

Loans Mortgages Loan Officer Lending 382

Housing Wire

AUGUST 14, 2023

When we contemplate the potential of AI and Web3 technologies in real estate , it goes beyond simply revolutionizing how consumers search for homes and take ownership of assets. The technologies that truly succeed are the ones that prioritize saving agents time and driving their business forward and so far there haven’t been many.

Marketing 363

Marketing Technology Residential Agents 363

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. ” So, he recommends brokerages “manage their companies away from a sales office-based culture.”

MLS 314

MLS Brokerage Property Management Agents 314

Housing Wire

MARCH 26, 2021

Judd Hoffman has been hired as chief executive officer for Proper Title LLC , an Illinois-based title insurance agency that’s backed by top independent real estate brokerage @properties. There, he oversaw States Title use of predictive analytics and technology on its title and escrow platform. Its sales volume was $16.4

Title 281

Title Title search Brokerage Lending 281

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. The LOS is a foundational piece of technology for every lender.

Lending 395

Lending Due diligence Technology Loans 395

RIS Media

JANUARY 24, 2022

Christie’s International Real Estate is finalizing the sale of its company-owned Manhattan brokerage office to Brown Harris Stevens, the company has announced. Sale to Brown Harris Stevens. The acquisition included a 20-agent company-owned brokerage office in New York City. billion in closed volume.

Brokerage 98

Brokerage Sales Branding Technology 98