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Everyone knows that potential homebuyers are waiting for better affordability. But if demand for homes at current prices is down then why haven’t home prices fallen to meet the lower demand? The short answer is that while homebuyer demand is indeed low, new supply remains very low, too. For home prices to adjust significantly, we need an imbalance of supply versus demand, and this market is surprisingly balanced.
There’s been no shortage of news — and challenges — in the past 12 months. But real estate pros keep finding ways to win, and we’re proud to tell their stories.
Despite stalling home sales in the third quarter, Anywhere Real Estate managed to deliver “considerable profitability.” The company closed the third quarter with $1.6 billion in revenue, which is 12% lower than Q3 2022, but $129 million in net income, an increase of 135% compared to the same time last year. “Anywhere led through a difficult housing market to deliver considerable profitability and achieve substantial debt reduction,” Ryan Schneider , Anywhere president and CEO said in
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
KANSAS CITY, Missouri — National Association of Realtors CEO Bob Goldberg was back on the stand Tuesday morning at the start of the seventh day of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit. After undergoing questioning from Ethan Glass, NAR’s lead attorney on Monday, Goldberg faced Michael Ketchmark, the lead attorney for the plaintiffs, at the start of Tuesday’s proceedings.
During a grinding morning of testimony, CEO Bob Goldberg repeatedly said NAR doesn't weigh in on commissions, while emotions ran high in the afternoon.
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During a grinding morning of testimony, CEO Bob Goldberg repeatedly said NAR doesn't weigh in on commissions, while emotions ran high in the afternoon.
Patton Gade, the top producing loan officer for VA home loans in the U.S. last year, has joined brokerage firm UMortgage , the company announced on Tuesday. Arizona-based Gade, a graduate of the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.
Lone Wolf unveils end-to-end platform; agent-client collaboration platform RealScout gets an upgrade; Real announces new app, enhanced AI and marketing tech.
Insellerate , a CRM provider serving banks, lenders and credit unions, announced an integration with Finastra ’s MortgagebotLOS and Originate solutions on Tuesday. Thanks to this latest collaboration, lenders who use Finastra’s software will benefit from a seamless, fully integrated CRM as well as a marketing automation solution. “Finastra has a long history of delivering innovative solutions to its customers,” Josh Friend, CEO of Insellerate, said in a statement. “With this i
From lawsuits to AI, “the more uncertain the future, the more options you need,” innovation professor Luke Williams told attendees at the T3 Tech Summit.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
CoStar Group’s annual revenue increase of 12% during the third quarter of 2023 marked the 50 th straight quarter of double-digit revenue growth. The company reported revenue of $625 million and net income of $91 million, up 25% compared to a year ago, for the quarter. “We have diversified our revenue across counter-cyclical marketplaces, such as Loop Net and Apartments.com , while diversifying CoStar product revenue into broader verticals,” Andy Florance, CoStar’s founder and CEO, said during th
The company reported $625M in Q3 revenue and touted the growth of its residential portal, which it says is well-positioned should commission practices change.
In my experience within the real estate industry, a fundamental lesson stands out: the power of partnerships. These collaborations represent opportunities to combine expertise, share resources and, ultimately, elevate real estate agents’ and clients’ real estate journeys. For me, it all started with joining a team. Belonging to a real estate team at the beginning of my career unlocked a door of endless possibilities, allowing me to network with other agents’ existing connectio
CoStar Group earned $625 million in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted a 1,290 percent annual growth in Homes.com traffic.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Livian , a real estate platform for expansion teams, appointed Thadious “Thad” Fisher as senior vice president of revenue, the company announced on Monday. In this new role, Fisher will uncover new growth strategies and sales processes, and expand Livian’s market center teams. He’ll also help agents boost their production. “I’m thrilled and honored to join Livian, where we are incredibly focused on our mission to partner with the most talented teams in the country,
New technology is opening the door for a new generation of real estate professionals. Find out what broker Stuart Collier says they'll be able to do with the help of integrated tech.
Agent-client collaboration platform RealScout announced the launch of RealScout Pro+ on Tuesday, the first significant update to the platform since it was founded in 2012. “It was a long time coming,” Andrew Flachner , RealScout’s co-founder and president, said. “We have been the category leader in buyer nurture for many years now and we have been widely viewed by our customers as the best way to keep clients in an ecosystem that they have visibility and control over, but that was mainly around
Imagine you are doing an appraisal for a single family home on three acres and, upon analysis, you realize there is more value in subdividing the lot. Then you find out the buyer is buying the property to benefit from that value and already has the subdivision process in the works. Because of these conclusions, the purchase price is likely lower than value.
Anywhere Real Estate reported revenue of $1.6 billion and a profit of $129 million for the third quarter, ending with $151 million in cash and cash equivalents.
Your real estate business has come across a little money. Maybe you’ve just sold an investment property for a large profit or increased your W2 income.
Billionaire investor Warren Buffett and business partner Charlie Munger see long-term distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. "The buildings don’t go away," Buffett said.
Lender Spotlight AI Assistant sifts through the finer points of more than 7,000 mortgage options to help brokers identify the right product and answer clients' questions.
Livian, the Keller Williams mega team, has named Fisher as its senior vice president of revenue. The former eXp vice president of global growth will oversee Livian's growth strategy and market center expansion efforts.
Are some of the issues coming out in the bombshell trial making you uneasy about your digital footprint? Find out what to check and how to make sure that your online content is kept current.
The platform update is called RealScout Pro+, and it's highlighted by Auto Nurture, a functionality that will automate outreach efforts to new and previous CRM entries. The intent is to stimulate scaling for teams and agents as the industry trudges through a multi-faceted slowdown.
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