Glenn Kelman sees silver lining in sales spiral: ‘It can’t go much lower’

Redfin CEO Glenn Kelman said Tuesday on CNBC that as sales continue to decline, the company will need to cut costs strategically and respond to economic challenges one day at a time. Continue reading

Newzip signs third mortgage lender to its agent-matching service

State Employees Credit Union of Maryland is the third lender to sign with Newzip, which helps lenders court homebuyers by offering them discounts when they agree to work with preferred real estate agents. Continue reading

Compass adds 10 principal agents to Ocean City office

Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136 million in 2022 sales volume. Continue reading

New builds drive surge of more than $2.6T in housing market value

The value of U.S. housing has reached a new peak of slightly under $52 trillion in the past year and is up 49 percent from the start of the pandemic, according to Zillow. Gains were driven in large part by an increase in new construction. Continue reading

Record share of homebuyers flee into the path of climate change

Research shows that people are concerned about the changing climate’s impact on their hometowns, but they’re more concerned about a lack of housing affordability, according to a new report from Redfin. Continue reading

How tech-savvy brokers deal with second job: proptech ‘ambassador’

Real estate brokers who invest in tech stacks frequently find themselves selling their own agents on the technology’s merits. Intel spoke to executives about the adoption tactics that work best. Continue reading

Who makes more: solo or team agents? We’ve got the answer

When shopping around for a brokerage, new agents may not know what to look for. Team leader Carl Medford breaks down the difference between going it alone and becoming part of a team. Continue reading

6 charts that illuminate the latest existing-home sales data

In a series of key charts, Aziz Sunderji of Home Economics and Mike DelPrete, a strategic adviser and global expert in real estate technology, put August existing-home sales in historical context. Continue reading

LGBTQ+ Real Estate Alliance touts ‘Stop Hate in Real Estate’ initiative

The LGBTQ+ Real Estate Alliance is partnering with the California Association of Realtors, AREAA and NAHREP to combat real estate discrimination against homebuyers from diverse communities. Continue reading

Damn the torpedoes! Maxwell full speed ahead on acquisitions

The Denver-based mortgage tech provider is open to more deals after acquiring LenderSelect and Revvin and becoming a one-stop shop for more local lenders during a cyclical market downturn. Continue reading