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Compass bucks tough market as revenue, agent count grow in Q3

USA Real Estate News-Inman - Wed, 2024-10-30 15:25
The brokerage drove $1.5 billion in revenue — an 11.7 percent improvement over the same period in 2023, according to a third-quarter earnings report on Wednesday spanning July, August and September.

CoStar Group clinches another victory in theft of trade secrets suit

USA Real Estate News-Inman - Wed, 2024-10-30 15:05
A California judge on Monday dismissed a pair of Move's computer fraud claims against CoStar Group and a former Realtor.com editor accused of stealing trade secrets.

Lender Data Shows Refinance Offers Have Increased 42% Nationwide Over the Last Year

USA Real Estate News-RISMedia - Wed, 2024-10-30 14:06

Remember the days of 3% mortgage rates? As a relieved nation emerged from the Covid-19 pandemic in 2021, along with it came those historically low average mortgage rates below 5.00%, 4.00% or even sub-3.00%. But as inflation began to increase so too did mortgage rates, rising to nearly 8.00% in 2023 and 2024, their highest…

The post Lender Data Shows Refinance Offers Have Increased 42% Nationwide Over the Last Year appeared first on RISMedia.

RE/MAX Named No. 1 Real Estate Brand on Franchise Times Top 400 for 16th Consecutive Year

USA Real Estate News-RISMedia - Wed, 2024-10-30 14:03

RE/MAX has been ranked #1 among real estate brands on the 2024 Franchise Times Top 400, an exclusive annual list of the largest U.S.-based franchise systems by global systemwide sales. Overall, RE/MAX holds the #14 spot. This achievement marks the 16th consecutive year RE/MAX has earned the #1 position for real estate franchises in the…

The post RE/MAX Named No. 1 Real Estate Brand on Franchise Times Top 400 for 16th Consecutive Year appeared first on RISMedia.

New RISMedia Study Finds Commissions Fell Sharply After August 17

USA Real Estate News-RISMedia - Wed, 2024-10-30 14:00

Yesterday, RISMedia unveiled its groundbreaking 2024 Contract & Commission Study, providing the first comprehensive analysis of how real estate commissions have changed in the wake of recent policy mandates—including who was most affected, how companies are adapting and which regions were seemingly best prepared for the new requirements. Maybe most importantly, though, the RISMedia Premier-exclusive…

The post New RISMedia Study Finds Commissions Fell Sharply After August 17 appeared first on RISMedia.

Year-Round Northeast Luxury Destinations Join Most Expensive Zip Codes

USA Real Estate News-RISMedia - Wed, 2024-10-30 13:46

A significant portion of high-end properties are seeing rising median sale prices this year, with several areas achieving record highs.  Explore the most expensive zip codes for 2024, according to a report from PropertyShark, and learn key trends, standout locations and the shifting dynamics that define this elite segment of the market. Leading zip code…

The post Year-Round Northeast Luxury Destinations Join Most Expensive Zip Codes appeared first on RISMedia.

Real Estate and Technology Industry Veterans Launch The Helm

USA Real Estate News-RISMedia - Wed, 2024-10-30 11:56

Real estate and technology industry veterans Danielle Wilkie and Heather Frick have announced the launch of The Helm—a coaching platform powered by trusted female minds in real estate.  The Helm addresses a need for a more distinct coaching platform tailored to fit the occupational needs of seasoned female professionals within the real estate industry, as…

The post Real Estate and Technology Industry Veterans Launch The Helm appeared first on RISMedia.

Nation’s Largest MLS’s Team Up to Provide Reciprocal Listing Data

USA Real Estate News-RISMedia - Wed, 2024-10-30 11:53

California Regional MLS (CRMLS) has announced the multiple listing service has teamed up with Bright MLS to offer their users reciprocal data access to each other’s listings. The reciprocal data access is available as of today through Matrix, and users do not require separate credentials, the organization noted As more Americans move across state lines,…

The post Nation’s Largest MLS’s Team Up to Provide Reciprocal Listing Data appeared first on RISMedia.

Pending Home Sales Jump in September, but Near Future Unsure

USA Real Estate News-RISMedia - Wed, 2024-10-30 11:21

Pending home sales have grown for the second consecutive month—leaping 7.4% and reaching the highest level seen since March—due to lower mortgage rates and rising inventory. The rise, however, may be short lived, according to some economists. NAR’s September Pending Home Sales Index jumped to 75.8, following August’s minor rise of 0.6% and nearing March’s…

The post Pending Home Sales Jump in September, but Near Future Unsure appeared first on RISMedia.

U.S. Economy in ‘Much Better Place Than Anybody Expected,’ but There Are Some Risks

USA Real Estate News-RISMedia - Wed, 2024-10-30 11:17

DENVER, Colo.—Doom-and-gloom headlines about the U.S. economy have been everywhere. But compared to the rest of the world, the U.S. is exceeding expectations as other global superpowers struggle to find their economic footing, renowned economist Mohamed El-Erian said Monday at the Mortgage Bankers Association Annual Conference & Expo in Denver. El-Erian, president of Queens’ College…

The post U.S. Economy in ‘Much Better Place Than Anybody Expected,’ but There Are Some Risks appeared first on RISMedia.

World Series of Luxury: Final 4 Dodger, Yankee luxury homes left

USA Real Estate News-Inman - Wed, 2024-10-30 11:11
The MLB players' luxe homes in Hawaii, Rancho Cucamonga, Manhattan and Malibu battle for a place in Inman's luxury finals.

EXp Realty updates agent revenue share model amid recruitment bid

USA Real Estate News-Inman - Wed, 2024-10-30 11:03
Starting Nov. 1, eXp agents will have access to new revenue streams, especially those who reach the virtual brokerage's ICON status, eXp World Holdings CEO Glenn Sanford said at eXpcon Miami.

Mortgage Applications Flat After Rates Hit 4-Month High

USA Real Estate News-RISMedia - Wed, 2024-10-30 10:45

Mortgage applications were essentially flat this week, decreasing only slightly, yet still reflecting buyer reservations, economists say, with rates hitting a four-month high and market volatility related to the election and the upcomingFed meeting.  According to the latest Weekly Applications Survey from the Mortgage Bankers Association, purchase applications fell for the fifth-straight week, down 0.1%…

The post Mortgage Applications Flat After Rates Hit 4-Month High appeared first on RISMedia.

Agent to the stars Tomer Fridman quietly leaves Compass

USA Real Estate News-Inman - Wed, 2024-10-30 10:41
Fridman had been affiliated with Compass since 2017 and was a top producer at the firm. His departure was reportedly announced internally at the end of last week by Regional Vice President Parker Beatty.
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