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Real Estate News

Realeflow’s latest listing prediction solution is ready for rollout

Realeflow, a software company that applies AI-backed predictive analysis and machine learning to identify seller activity, has released a new version of its Sellability Score AI model.

Redfin’s focus on cost-cutting begins to pay off in Q4 earnings

Redfin continued its recovery during the fourth quarter, with revenue declining 2 percent year over year to $218.1 million — a near 180 from its Q1 and Q2 showings where annual revenue declines topped 20 percent. 

Compass lifts agent count in Q4 but falls short of positive cash flow

The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier.

Mark Willis takes aim at Anywhere in ‘State of the Company’ remarks

In his first Family Reunion address since returning as CEO of Keller Williams last year, Mark Willis called on agents to rise up and topple Anywhere, the world's largest real estate franchisor.

Survey supports Realtors’ claims that commissions are negotiable

Only 31 percent of homebuyers or sellers try to negotiate a lower commission, but 64 percent of those who do succeed, LendingTree survey finds.

LeFrak sues NYC housing court as evictions slow to ‘surreal’ crawl

The LeFrak Organization claims that the courts have failed in their duty to hear housing disputes efficiently and fairly.

Gary Keller says ‘right now, real estate is in a recession’

The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn't keep itself out of trouble. Although the industry is hopin.. read more »

LoanDepot hackers had access to Social Security numbers, DOBs

The lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9 million consumers affected by the January cyberattack.

Rent is falling fastest in markets that added the most new supply

Rent is now 0.7 percent lower for one-bedroom rentals nationwide than it was a year ago, but not in all markets, new report shows.

Home prices hit high in December as ‘solid, steady growth’ wins out

Home prices rose 5.5 percent on an annual basis in December, up from 5 percent in November, according to dueling data points released Tuesday by S&P Global and the Federal Housing Finance Agency.

Redfin in crosshairs as new lawsuit targets buyer-broker commissions

California resident Andrea Freedlund is suing on behalf of homesellers who paid a buyer agent in the four years before Redfin announced it was leaving NAR, according to a suit filed in federal court.

How to use mindfulness to build gratitude in your business each day

Aaron Hendon shares some strategies to keep negative thoughts away and visualize good things for our businesses, especially when things are difficult.

Rookie to rockstar: The essential guide to real estate marketing

Implement an A to Z branding and marketing plan from expert Marci James to establish yourself as a knowledgeable and trusted real estate adviser.

Offerpad narrows Q4 loss, expects to be back in black later this year

The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245 million to $285 million in revenue and achieve positive adjusted earnings later this year.

Institutional investors are scooping up Kiavi’s ‘fix and flip’ bridge loans

Kiavi upsizes its 16th securitization to $350 million and says largest deal since November 2021 brings total issuance since 2019 to $4 billion.

With $15M goal, Knock turns to ‘everyday’ investors

Alternative financing company Knock has secured $10 million from Second Century Ventures, the venture capital arm of the National Association of Realtors, and Foundry Venture Capital. It's using Wefunder to reach $15 million total.

Star broker Jaime Richichi moves to Sotheby’s International Realty

NYC Compass broker Jaime Richichi is taking her talents to Sotheby's International Realty. Richichi's home base will be SIR's East Side Manhattan brokerage; however, she's also licensed to serve clients at the brokerage's East Hampton and William Pitt offices.

Should you leave your brokerage? 5 questions to ask yourself first

Should you tough it out at your current brokerage or risk the unknown by leaving? Milena Monet shares questions to ask yourself to decide.