Real Estate News for Realtors and Brokers

What happens when ‘meme traders’ go after mortgage stocks?
Rocket Companies and LoanDepot briefly followed the trajectory of GameStop this month, seeing share prices spike simply because jokey online traders targeted their shares.

Sale-to-list price ratio hits all-time high: Redfin
During the four-week period ending Feb. 28, the median home sale price and the four-week rolling average of median asking price on newly listed homes also hit new highs.

Construction and real estate employment fall in Feb. jobs report
Construction employment declined by 61,000 as the real estate industry yearns for more housing.

The Agency launches new outposts on both coasts, plus Canada
On March 8, The Agency is opening new offices in California, Connecticut and Ontario, as part of the company's strategic growth plan.

The Real Word: What does Zillow’s earnings mean for solo agents?
Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. In this edition of The Real Word, they'll discuss Zillow’s shareholder letter, Compass acquisitions and direct mail strategies that work.

Roomvu makes effective web video marketing fast and affordable
Developed by a former high-producing Vancouver agent, Roomvu is a real estate video marketing software for social media, email and online marketing.

CoStar withdraws bid for CoreLogic after pushback
CoStar cites rising interest rates' impact on the mortgage refinancing market for changing the company's view on the value of CoreLogic.

Keller Williams and others slam anti-LGBT letter to Florida agents
Two Orlando-area agents received the letter on Tuesday. The LGBTQ+ Real Estate Alliance called it "extremely offensive."

Opendoor reveals ambitious expansion plans
The company wants to double its total markets in 2021 but is eyeing a much bigger goal.

CoStar strikes out on latest CoreLogic acquisition bid
CoreLogic board asks for more cash for shareholders and a shorter deal time to make up for CoStar's stock price volatility.

How to scoop up more market share in feeder markets
Now that you've solidified your position as a go-to local agent, what's next? A natural career progression might include expanding into neighboring areas and feeder markets. Here's how to do it successfully.

Full impact of COVID-19 revealed in Opendoor’s first earnings report
In its first earnings report since going public, Opendoor posted a net loss of $286 million in 2020 and $87 million in the fourth quarter alone.

CoStar will pay RentPath $52M for scuttled deal
After the FTC spiked CoStar's attempted acquisition of RentPath, Redfin stepped in to buy the embattled operator of rental marketplaces.

Jeffrey Epstein’s New York mansion under contract to sell for $50M
Along with a Palm Beach mansion, the 40-room townhouse is part of a victims' compensation agreement.

Compass’ path to profitability is uncertain: Mike DelPrete
At long last, Compass' IPO filings have revealed the financials and other key metrics of the business. Here are a few key takeaways presented in four charts.

30-year, fixed mortgage rates creep past 3% for first time since July
Rates have been rising since January, though one economist expects further increases to be "more muted" in the coming months.

Realogy brings RealSure to Atlanta
Real estate holding company Realogy and real estate investment company HomePartners of America announced on Tuesday the expansion of the companies' RealSure program to the Atlanta metro area, making the iBuyer platform now live in a total of 12 U.S. markets.

Just how impressive is Compass’ $3.7B 2020 revenue?
The company revealed yearly revenue numbers that would make most real estate companies green with envy. But not top rival Realogy.