Resources

Mortgage demand fades as buyers watch rates hit 2-decade high

Sep 27, 2023

Fed's "higher for longer" rate strategy drives yields on long-term Treasurys higher, with mortgage rates following to highest levels in over 20 years, MBA survey shows.

Compass acquires No. 1 indie brokerage in Central Texas

Sep 27, 2023

NYC-based brokerage Compass has acquired Realty Austin and Realty San Antonio for an undisclosed amount. The brokerage closed $5.24B in 2022 sales volume.

Glenn Kelman sees silver lining in sales spiral: ‘It can’t go much lower’

Sep 27, 2023

Redfin CEO Glenn Kelman said Tuesday on CNBC that as sales continue to decline the company will need to cut costs strategically and respond to economic challenges one day at a time.

Fannie, Freddie may get green light to buy more shared equity loans

Sep 27, 2023

Between 2018 and 2020, Fannie and Freddie purchased close to 600 shared equity loans, before realizing that current regulations might prohibit them from doing so.

Donald Trump found liable for fraud for inflating real estate holdings

Sep 27, 2023

A New York State judge found that the former president and his associates deceived banks, insurers and others by massively overvaluing his net worth.

New builds drive surge of more than $2.6T in housing market value

Sep 27, 2023

The value of U.S. housing has reached a new peak of slightly under $52 trillion in the past year and is up 49 percent from the start of the pandemic, according to Zillow. Gains were driven in large part by an increase in new construction.

Compass adds 10 principal agents to Ocean City office

Sep 27, 2023

Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136 million in 2022 sales volume.

Newzip signs third mortgage lender to its agent-matching service

Sep 27, 2023

State Employees Credit Union of Maryland is the third lender to sign with Newzip, which helps lenders court homebuyers by offering them discounts when they agree to work with preferred real estate agents.

Glenn Kelman says Redfin, like Rambo, will take it ‘day by day’

Sep 27, 2023

At this point, the CEO said, existing sales volume in the U.S. can't get much lower. In response, Redfin must cut costs where it can and take it one day at a time, Kelman told CNBC.

Who makes more: solo or team agents? We’ve got the answer

Sep 27, 2023

When shopping around for a brokerage, new agents may not know what to look for. Team leader Carl Medford breaks down the difference between going it alone and becoming part of a team.

How tech-savvy brokers deal with second job: proptech ‘ambassador’

Sep 27, 2023

Real estate brokers who invest in tech stacks frequently find themselves selling their own agents on the technology's merits. Intel spoke to executives about the adoption tactics that work best.

Record share of homebuyers flee into the path of climate change

Sep 27, 2023

Research shows that people are concerned about the changing climate's impact on their hometowns, but they're more concerned about a lack of housing affordability, according to a new report from Redfin.