article thumbnail

Side’s Hilary Saunders discusses the evolution of brokerage models

Housing Wire

Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I Through this, Saunders said, consumers began to realize the importance of staging, photography and online marketing.

Brokerage 370
article thumbnail

Now is a great time for brokerage acquisitions: RealTrends Consulting

Housing Wire

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 338
Insiders

Sign Up for our Newsletter

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

article thumbnail

NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. In 2023, new-home sales are up 5% year to date, Yun said. Consumers are happy with real estate service.

Sales 454
article thumbnail

Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. At this stage there is obviously a wide range of potential outcomes of how the lawsuit storyline could unfold next year. Morgan , said.

Brokerage 412
article thumbnail

Keller Williams hails 16% jump in sales volume

Housing Wire

The Austin, Texas-headquartered real estate brokerage closed 1.22 million home sales in the U.S. Keller Williams also claimed $407 billion in 2020 sales volume in Canada and the U.S., How to Diversify Your Brokerage to Weather Economic Hardship. onset in March only to surge to its highest sale volume since the mid-2000s.

Sales 416
article thumbnail

The anatomy of a successful real estate recruitment funnel

Housing Wire

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 326
article thumbnail

Wendy Forsythe joins eXp Realty as chief marketing officer

Housing Wire

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. Her visionary approach will be crucial in elevating eXp Realty’s presence and impact on the world stage,” Leo Pareja , the newly CEO of eXp Realty, said in a statement. 3 spot in the rankings.

Marketing 295