Chicago voters to decide whether to hike real estate transfer tax
Proponents said the measure would raise $100M per year. Chicago Realtors said the tax was volatile and not a reliable funding stream
by Taylor Anderson Nov 8
Douglas Elliman posts mounting losses, declining revenue in Q3
The New York-based brokerage reported consolidated revenues of $251.5M in Q3, a drop from the third quarter of 2022 when it tallied $272.6M in revenue, according to an earnings call Wednesday
by Ben Verde Nov 8
LoanDepot warns more layoffs are coming — but on a smaller scale
With headwinds in sight for 2024, loanDepot plans to slash $120M in annual expenses following 3 consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon
by Matt Carter Nov 8
The job description of a loan officer has changed
According to mortgage industry expert Matt Muscat, changes in the mortgage industry and in the financial landscape have made the job of loan officer more important and challenging than ever
by Matt Muscat Nov 8
How the 'Chinese property ban' impacts the American dream
Opinion
Newly appointed AREAA President and broker-owner Jamie Tian offers her personal perspective on the legislation and the groups that are joining together to combat hate in real estate
by Jamie Tian Nov 8
Record 85% of Americans said October was a bad time to buy
Monthly Fannie Mae survey shows homebuyer pessimism hitting a new high last month, but a broader index aimed at capturing overall housing market sentiment actually improved
by Matt Carter Nov 7
Compass trims losses, improves cash flow despite Q3 revenue dip
The brokerage saw revenue fall 10% year over year, but also managed to cut net losses from $154M in the third quarter of last year to $39M this time around, according to a Q3 earnings call Monday
by Jim Dalrymple II Nov 6
Lack of access to credit keeps Black neighborhoods in rental loop
Access to safe credit building is limited in Black neighborhoods, Zillow reported, highlighting lingering effects of redlining that keep those households renting instead of owning a home
Great questions are the key to winning negotiations
Some negotiations go beyond the deal itself. Learning to effectively navigate them can positively impact your productivity and growth, writes broker Nick Schlekeway
by Nick Schlekeway Nov 4
Big drop in mortgage rates as unemployment hints at recession
After breaching 8% in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring
by Matt Carter Nov 3
This trend has cost New York City over 100,000 apartments
Two or more smaller apartments being combined to make one bigger living space has cost the city over 100,000 housing units, according to 'The New York Times'
by Ben Verde Nov 3
Exemplary agents will see commissions grow: NextHome CEO
Opinion
NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn't been written. Find out what you need to know to plan ahead
by Bernice Ross Nov 3
Better launches digital home insurance product with partners
Available in Arizona, Oregon and Illinois at launch, Better Insurance will expand into Oklahoma, Tennessee and Wisconsin in the next 4 weeks. The goal is to be in all 50 states in a year
by Matt Carter Nov 2
Vrbo parent company Expedia reports 'best-ever' quarter
Despite Vrbo itself struggling, Expedia, the travel booking company that owns the short-term rentals platform, recorded $425M in profits during the third quarter
by Ben Verde Nov 2
EXp maintains profitability as revenue declines 2% to $1.2B
EXp World Holdings' revenue declined 2% annually to $1.2B in the third quarter, according to a call on Thursday. The company held onto its profitability, with net income reaching $1.4M
by Marian McPherson Nov 2
Redfin posts profitable Q3 despite another quarter of falling revenue
The company posted profits of $98.3M, up 8% from the third quarter of 2022, while tallying $269M in revenue, a decrease of 12% from a year ago, according to third-quarter earnings Thursday