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More US mortgages are ‘seriously underwater’ as equity dwindles
Redfin CEO trying not to ‘count chickens’ after solid Q1 earnings
Judge Approves Seller Settlements, With Limited Buyer Protections
Judge Stephen R. Bough gave his final approval today to settlement agreements struck by big brokerages in class-action commission lawsuits, granting broad immunity from claims by sellers that these companies conspired on rules that inflated real estate compensation at the expense of consumers. The ruling does not include a settlement struck by the National Association…
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Judge approves Keller Williams, Anywhere, RE/MAX settlements
NAR board of directors votes to keep membership dues at $156
Here’s who sank and who soared in Q1 2024 earnings
Mortgage Rates See First Reprieve in 5 Weeks
The 30-year fixed-rate mortgage (FRM) decreased to 7.09% from 7.22% last week, the first decrease seen since they began rising five weeks ago in March, according to the latest Primary Mortgage Market Survey® from Freddie Mac. This week’s numbers: The 30-year FRM averaged 7.09% as of May 9, 2024, down from last week when it…
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Thoughts on Leadership: The Formula for Excellence
This week, my travels find me at home on Monday morning conducting WIG calls with our CEO’s. On Monday afternoon I traveled to Orange County, CA for business meetings and to participate at the Mike Ferry West Coast Management Retreat. As I reflect on the vibrant discussions at the Mike Ferry West Coast Management Retreat,…
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The Buyer Agent Playbook: Ready, Willing and Able
Clockwise from top left: Howard Hanna agents Kim Crane, Jason Sekody, Kelly Huff and Ryan Shedlock Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents…
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Directionals Point North for Compass With Strong Q1 Earnings, Agent Gains
In a generally upbeat Q1 earnings report May 8, residential real estate company Compass showcased $1.05 billion revenue, a 10% increase from Q1 2023. The company attributed the revenue gain to a 7.1% increase in transactions. On the negative side, Compass lost $132.9 million in Q1, still an improvement over the $150.2 million it lost…
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