Monthly Archives: April 2023

7-state mega MLS ditches alphabet soup, rebrands as ‘Prime’

By Andrea V. Brambila | April 5, 2023 - 9:56 pm |April 5, 2023 Uncategorized

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CEO Chad Jacobson: “Our name no longer ties us to a geographic location, but instead embodies our desire to be the best at what we do.” Continue reading →

Purchase loan demand falls as jumbo mortgages buck rate trend

By Matt Carter | April 5, 2023 - 9:32 pm |April 5, 2023 Uncategorized

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Ongoing banking instability sparked by the failures of Silicon Valley Bank and Signature Bank may affect the availability of jumbo mortgages. Continue reading →

LoanDepot founder gets wish: Ozonian joins board after face-off

By Matt Carter | April 5, 2023 - 9:14 pm |April 5, 2023 Uncategorized

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The settlement with loanDepot founder Anthony Hsieh ends a proxy fight that broke out in February after Hsieh was ousted as loanDepot’s executive chairman. Continue reading →

75% of agents say they won’t switch brokerages over next 2 years

By Marian McPherson | April 5, 2023 - 8:34 pm |April 5, 2023 Uncategorized

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From 2019 to 2023, the number of agents who left a brokerage due to a weak culture doubled to 30 percent, according to a recent Coldwell Banker survey. Continue reading →

Apartment sales plunge 74%, fastest drop since Great Recession

By Taylor Anderson | April 5, 2023 - 6:48 pm |April 5, 2023 Uncategorized

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Interest rates are to blame as investors who scooped up multifamily buildings throughout the early years of COVID-19 pull back, according to a new report. Continue reading →

Better workers fear they won’t see $100M in retention stock bonuses

By Matt Carter | April 5, 2023 - 4:54 pm |April 5, 2023 Uncategorized

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The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg’s personal equity. Continue reading →

New York City hot dog icon Papaya King saved following Extell eviction

By Ben Verde | April 5, 2023 - 4:48 pm |April 5, 2023 Uncategorized

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The 91-year-old hot dog stand — once thought to be doomed — will instead move across the street after its building was purchased by a developer Extell Development and founder Gary Barnett. Continue reading →

Cash to burn: Do real estate’s big players have enough in the bank?

By Daniel Houston | April 5, 2023 - 4:00 pm |April 5, 2023 Uncategorized

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Real estate businesses burned through billions in cash last year. Intel breaks down the biggest companies with the least wiggle room as economic uncertainty stretches into 2023. Continue reading →

Don’t knock the She Shed, guys — it could get you a 2.5% premium

By Lillian Dickerson | April 5, 2023 - 3:37 pm |April 5, 2023 Uncategorized

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Amenities that appeal to cooking enthusiasts, like steam ovens, pizza ovens or professional-grade appliances, can also add as much as 5.3% more to a home’s sale price, a new analysis shows. Continue reading →

Which brokerages are winning (and losing) in 2023?

By Mike DelPrete | April 5, 2023 - 3:03 pm |April 5, 2023 Uncategorized

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The market crunch is on. Find out what the latest numbers tell us about the brokerages that are winning and those that are not. Continue reading →