Monthly Archives: August 2022

Compass ditches stock, financial incentives in recruiting

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Compass has grown rapidly by offering agents shares in the company and in some cases cash. But the company has now cut those perks as the market slows. Continue reading →

LoanDepot accelerating layoffs, exiting wholesale business

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The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call. Continue reading →

Compass revenue ticks up slightly as losses mount in Q2

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The fast-growing brokerage earned $2 billion in revenue during the second quarter of the year, but also saw losses rise to $101 million, according to an earnings report issued Monday. Continue reading →

Wells Fargo reportedly eyeing ‘major retreat’ from mortgage

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Executives said to be concerned about reputational risk of correspondent lending channel, which has historically accounted for as much as half of the bank’s home loan business. Continue reading →

LeadingRE names new president of global operations

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Chris Dietz will spearhead LeadingRE’s global business strategy across a number of its brands and will be responsible for all regions outside of the U.S., it was announced Monday. Continue reading →

Adam Neumann’s post-WeWork residential venture raises $350M

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Flow, the WeWork founder’s fledging startup, has received an investment of approximately $350 million from venture capital firm Andreessen Horowitz and has already earned a $1 billion valuation. Continue reading →

Most homeowners still want yards — but pandemic-era pool envy is over

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The pandemic continues to impact homeowner needs, according to Fixr’s 2022 Home Design report. Outdoor spaces and home offices topped owners’ lists while pools sunk to the bottom. Continue reading →

5 overlooked home markets poised to keep rising in value in 2023

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A housing slowdown is underway throughout much of the country. But these five local markets may be positioned to weather the storm, according to new data from Moody’s Analytics. Continue reading →

Kienlen Lattmann Sotheby’s International Realty acquires Leaf, Realtors

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The strategic partnership will combine Sotheby’s international reach with Leaf, Realtors’ intricate local market knowledge of western New Jersey to better serve clients. Continue reading →