Mortgage Market Strain Starts to Squeeze Major Players
The boom of the mortgage industry has come and gone, and in its wake is a list of companies that have had to shed hundreds—if not thousands—of workers amid the disappearing refinancing market. While the result was expected based on industry forecasts, the problem has extended beyond the startups and online companies that kickstarted the…
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4 Tips to Instantly Improve Your Facebook Strategy
When it comes to the various social media channels you can choose to help improve your online reputation as a real estate agent, perhaps none is as critical as Facebook. So, just how do you go about creating a Facebook presence for your real estate brand? We’ve put together a few helpful ideas to get…
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First Quarter 2022 Commercial Real Estate Metro Market Reports
Florida held the top five hottest commercial real estate metro markets: Orlando, Miami, Palm Beach, Fort Lauderdale, and Fort Myers, according to NAR’s Commercial Real Estate Metro Market Conditions Index for the first quarter of 2022, released this week. Key highlights: Florida held the top five hottest commercial real estate metro markets: Orlando, Miami, Palm…
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Wanda Gertin Named New CEO of Berkshire Hathaway HomeServices Ally Real Estate
Berkshire Hathaway HomeServices Ally Real Estate co-founders Adam Lytle and Leighton Allen have announced that Vice President of Marketing & Relocation Wanda Gertin has been promoted to CEO. Gertin brings more than 10 years of real estate experience to her new role, the company stated, and prior to joining Berkshire Hathaway HomeServices Ally Real Estate,…
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RealMLS Enhances Listing Service With Down Payment Resource
realMLS, serving 11,000 members in Northeast Florida, has announced that it has partnered with Down Payment Resource (DPR) to enhance its platform with DPR’s suite of real estate agent tools that help MLS customers connect homebuyers with homebuyer assistance programs. realMLS is a multiple listing service (MLS) serving Baker, Clay, Duval, Nassau, Putnam and St.…
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Family Matters: Balancing Personal and Business Relationships
For agents, and especially new agents, family and friends are the first and most important resource in getting a business off the ground. They are likely the only network you have starting out, and might give you your first listing or referral. But for both new and veteran agents, how much is too much when…
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Compass Reels in the Dough While Curbing Losses in Q1
The road to profitability can be arduous, but Compass seems to be making up ground as the tech-focused brokerage saw higher earnings and modestly lower losses in the first three months of 2022. In its latest earnings report, the New York-based company showed that it raked in $1.4 billion in the first quarter—up 25% from…
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Homeowner Equity Climbs in the First Quarter of the Year
Nearly one of every two mortgaged homes is considered “equity rich,” according to recent data from ATTOM Data Solutions, which released its Q1 2022 U.S. Home Equity & Underwater Report on Thursday. The report found that 44.9% of mortgaged residential properties in the United States were considered equity-rich. This is defined as homes with a…
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Rent Is at an All-Time High, but Renters Still Have Opportunities to Save
The U.S. rental market is as competitive as it’s been in decades, and renters are facing a variety of challenges. High demand is keeping vacancy rates near all-time lows and pushing rents up almost as quickly as home prices. Recent reports show rent prices shot up nearly 17% in the past year, with the typical…
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Multifamily Rents Record Another Significant Jump
The average U.S. asking rent rose $15 in April to an all-time record $1,659, with year-over-year growth moderating by 50 basis points but remaining high at 14.3%, according to the latest Yardi® Matrix Multifamily Report released this week. “Although there are a few weak spots, multifamily demand and rent growth remain incredibly strong throughout the…
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