article thumbnail

World’s first AI real estate agent has already made $100M in sales

Housing Wire

One of the companies utilizing the technology is Portugal-based real estate brokerage firm Porta da Frente Christies , which has reported $100 million in sales generated from leads provided by the AI agent. “We have more than 5,000 properties currently in our portfolio.

Agents 345
article thumbnail

Flagstar Bank lays off 700, with 1,200 more to depart after asset sale to Mr. Cooper

Housing Wire

New York Community Bancorp (NYCB) this week announced that it rebranded to Flagstar Bank , laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of the sale of its third-party origination (TPO) business and mortgage servicing rights (MSRs).

Banks 448
Insiders

Sign Up for our Newsletter

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

article thumbnail

Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

article thumbnail

Advocus National Title now providing 1031 exchange services

Housing Wire

A 1031 exchange allows investors to reinvest proceeds from the sale of an investment property into another similar property without immediately incurring capital gains taxes. Under the new offering, Advocus National 1031 Exchange will act as the qualified intermediary, holding sales proceeds and ensuring compliance with IRS regulations.

Title 304
article thumbnail

EquityProtect partners with title companies to boost fraud awareness

Housing Wire

The companys free title monitoring service alerts homeowners of any changes to their propertys title after a sale, allowing them to respond quickly to potential threats. Dovidio noted that standard title insurance policies typically only cover issues that arise before a sale is finalized.

Title 339
article thumbnail

RealTrends launches real estate agent and team city rankings

Housing Wire

However, Leading RE agents and team bested the sales volume. Network Affiliation by Sales Volume The RealTrends City Rankings includes agents and teams that were submitted as part of the State and National rankings, as well as agents and teams that submitted specifically for the City Rankings.

Agents 464
article thumbnail

Keller Williams lands new affiliate in Illinois

Housing Wire

According to a news release, PRG Group sold 277 units in 2024, generating $130 million in sales volume. Callan has more than five decades of experience in residential and commercial brokerage services, investment, development and financial leadership. He has spent the past 31 years running PRG Group.

Land 363