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eXp Realty makes changes to its executive team

Housing Wire

Sean Murphy is eXp’s new senior vice president of commercial growth, while Nadia Habib was promoted to the role of senior vice president to oversee growth in Canada. The firm’s $143.578 billion in sales volume earned it the No. 3 spot in the rankings. million in 2022. In the fourth quarter alone, the firm lost $21 million.

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How High Interest Rates Are Changing Commercial Property Lending

Propmodo

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill. But that might not be the case. “

Lending 113
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University Bank adds four reverse mortgage veterans to its HECM division

Housing Wire

Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development. Obviously we have a forward lending division, we have the reverse mortgage lending division and a commercial panel, as well as an insurance company.

Banks 437
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Brokerage executives double down on their lead generation strategies

Housing Wire

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. Meanwhile, a customer relationship management system, along with experts in marketing, sales and other areas, are designed to support these teams, he said. “If

Brokerage 417
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Indie brokerage Nationwide Real Estate Executives joins eXp Realty

Housing Wire

In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday. In addition to the brokerage, Owen also owns a property management company, an escrow firm, a commercial real estate arm and a design-and-construction firm.

Brokerage 370
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New and Notable Luxury Homes for Sale Over $10 Million | January 2023

Sotheby's International Real Estate

From a mountaintop home in Bachelor Gulch, Colorado, to an elegant apartment in Dubai, United Arab Emirates, these are this month’s four featured notable properties for sale over $10 million. Continue reading New and Notable Luxury Homes for Sale Over $10 Million | January 2023 at Sotheby´s International Realty | Blog.

Sales 135
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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

billion loss from the sale of a $21 billion portfolio of available-for-sale securities that triggered massive deposit outflows. The bridge bank structure is designed to “bridge” the gap between the failure of a bank and the time when the FDIC can stabilize the institution and implement an orderly resolution.

Banks 383