In a second quarter earnings call Aug. 1, Anywhere Real Estate reported $30 million in profits for the quarter, reversing a downward trend over the last few quarters to post an $11 million increase from the same period last year. Revenue remained relatively flat YoY, with $1.669 billion reported, a slight decline over last year’s… The post Despite a $20M Q2 Settlement Payment, Anywhere Says ‘Strong...
August 2024
Yesterday, Opendoor, the largest and oldest iBuyer, announced its financial results for the second quarter of 2024, also addressing recent settlements and the impacts on buyer agents and sellers. In the wake of recent settlements, investors asked Opendoor CEO Carrie Wheeler about the impact on the company as a result of new buyer agent contracts… The post Opendoor CEO Says Commissions Already Falling...
The U.S. added 114,000 jobs in July, below the average monthly gain of 215,000 over the prior 12 months, according to the latest data from the Bureau of Labor Statistics. Markets reacted negatively to the news, with all three domestic indices down over 2% at around midday Friday. The unemployment rate rose slightly, up 0.2%… The post Unemployment Rises in July, Experts See Hope on Horizon appeared...
Property highlights: Location: Las Vegas Listing price: $22.9 million Features: 9,500-square-foot, three-story estate with six bedrooms and eight bathrooms. Added appeal: 10-car garage, media/game room with wet bar, gym, wine room, steam shower, cold plunge, resort-style pool and terrace with skyline views. Imagine the allure of Las Vegas pulling in the grandeur of Hollywood, as… The post A New Era of...
Today’s top producers expect (and deserve) more from their brokerage than ever before, and won’t hesitate to jump ship for the promise of better resources and stronger leadership. A panel of top brokerage executives will be discussing what they’re doing to help agents increase success and remain loyal in an upcoming session at RISMedia’s CEO… The post How to Stem Agent Loss and Build a...
Let us delve into the Olympics, an event that embodies the pinnacle of high performance and global aspirations. I have always admired the Olympics for its power to bring together the world’s elite, each demonstrating their relentless dedication and exceptional skills. As Jim Rohn wisely stated, “Don’t join an easy crowd; you won’t grow. Go… The post Thoughts on Leadership: Going for Gold appeared...
Selling a house during slow months can be challenging. However, with the right strategies, it’s entirely possible to close a deal quickly. I have put significant effort into providing the best advice to achieve home sale success at the least ideal time. You will find information in these crucial aspects: Practical tips and strategies for… The post Tips For Selling a House Quickly in Slow Months...
In the first quarter of 2024, Compass exceeded its expectations with market and agent count growth. During the company’s Q2 earnings call, held on Wed. July 31, 2024, the company again reported that it was outpacing general market trends and claimed it was sitting on a path to continued success. Highlights: Compass remained free cash… The post Compass Posts Another Strong Showing in Q2 2024 appeared...
While there’s no direct correlation between interest rate cuts and mortgage rate dips, per se, both segments saw some positive news this week, with the Fed signaling Wednesday that there will likely be one more rate cut this year, and the 30-year fixed-rate mortgage (FRM) averaging its lowest point since February, according to the latest… The post Mortgage Rates Dip to Lowest Level Since February...
eXp is seeking to position itself as a safe haven for agents worried about navigating the upcoming changes created by the National Association of REALTORS®’ (NAR) settlement, set to go into effect on Aug. 17, speculating that transitioning will be difficult for smaller companies and claiming that MLSs are mulling extremely harsh penalties for agents… The post eXp Claims Harsh MLS Penalties,...