Diversifying luxe marketing can increase income by $10s of $1,000s

The “State of Real Estate Marketing” report released on Friday by Luxury Presence and Sell It Like Serhant surveyed over 1,000 luxury real estate agents to gain insights into agents’ plans for marketing in 2023 and best practices. Continue reading

Mr. Cooper says it will use AI to service $1 trillion in mortgage loans

The loan servicer spends “several hundred million dollars a year” on call center operations and expects $50 million in annual savings at the outset of a ‘multiyear’ artificial intelligence project. Continue reading

$3B in volume: World-record holder Ben Caballero sets new one

The Texas agent, who specializes in new construction and routinely tops industry lists, sold more than 6,000 homes last year, setting a new record. Continue reading

It’s getting harder to make money on a home sale: ATTOM

A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In the first quarter of 2023, the profit margin on a median-priced U.S. home was 44.2 percent. Continue reading

Impac Mortgage kicked off of NYSE American exchange, shares plunge

The non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker. Continue reading

Keller Williams scoops up high-performing Arizona indie

Chandler-based Infinity & Associates Real Estate did more than a quarter of a billion in volume in each of the last two years, according to Keller Williams. Continue reading

CEOs of the nation’s largest MLSs converge to shore up rental market

Formed by RentSpree, the “Rental Industry Leadership Board” includes heads of the California Regional MLS, Bright, Beaches and more amid a continued push for Realtors to focus on rentals. Continue reading

Coldwell Banker snags 20 agents following Villa Real Estate closure

Tim Carr, Steve High, Kim Bibb, Evan Corkett, Jon Flagg and the approximately 20 agents that make up Villa Real Estate will now work under the banner of Coldwell Banker Realty, the company said. Continue reading