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Redfin Pushes New Agent Compensation Model, Reports Quarterly Declines
While Redfin reported losses during quarterly earnings reports in 2023, the company maintained a mood of cautious optimism. CEO Glen Kelman stressing any losses were controllable and downturns were predictable, while Redfin’s fundamentals remain strong with potential for growth. Redfin reported its Q4 earnings on Tuesday, February 27, 2024, and the year-end summation reflected these…
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Got an ugly listing? New Western’s got a new solution
The new Podium program aims to give agents an easy way to sell their most difficult properties to investors.
Mortgage Rates Continue to Edge Near 7%
The 30-year fixed-rate mortgage (FRM) increased slightly this week, from last week’s average of 6.9% to an average of 6.94% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.94%, up from last week when it averaged 6.9%. A year ago…
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Celebrating the Past and Preparing for the Future
Above, Paul Boomsma, left with Diane Turton Leading Real Estate Companies of the World®’s (LeadingRE) 2024 Conference Week kicked off on Weds., Feb. 27 at the Wynn Hotel in Las Vegas with an inspiring general session—bringing together some of the brightest minds in the business to uncover the possibilities that exist in today’s challenging environment…
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Century 21 expands presence in South Florida with woman-owned firm
Century 21 has expanded its presence in South Florida with Soflo Home Realty, a six-year-old woman-led brokerage in Delray Beach. Broker-owner Roberta Lucas and her 15-agent team serve buyers and sellers across Broward, Miami and Palm Beach counties.
Compass Satisfied With Q4 Performance Compared to National Averages
Compass reported increases of principal agent count by 7.7%, up 1,046, and quarterly market share up 4.41%—a jump year-over-year by nine basis points and quarter-over-quarter by 10 points—in Q4 of 2023, boasting respectable averages across the board despite constant challenges facing the market. Founder and CEO Robert Reffkin shared his satisfaction in the company’s progress…
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Warren Buffett: ‘You want a bad number’ to get good market news
In 2010, the Berkshire Hathaway Inc. CEO said that fewer housing starts can help lay the foundation for a more balanced market down the line. His own company's recent investments in home builders show commitment to that principle.
Pending home sales dropped in January as mortgage rates rose
Pending home sales dropped off 4.9 percent between December and January and were down 8.8 percent year over year.
HOA Changes for 2024 That Homeowners Should Know - Real Estate
HOA Changes for 2024 That Homeowners Should Know Real Estate
Building a lasting personal brand: What you need to know
In this week's Inman Access class, industry experts sit down to discuss personal branding, the importance of being authentic and proven strategies to level up your marketing game.
The biggest wins, losses and news from Q4 2023 earnings
Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10 billion year, we’ve rounded up the top stories all in one place. Here’s what you might have missed.
Corcoran Group lands in Massachusetts with new franchise
The Boston-headquartered franchise dubbed "Corcoran Property Advisors" is led by brokers-owners Brian Dougherty and Nick Robert who have backgrounds that span hospitality, sales, luxury and design. The firm also has an office in Cohasset.
