Monthly Archives: June 2022

EXp hires new execs including former Remine CEO, cofounder

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The virtual brokerage is bringing on Shoeb Ansari to serve as chief information officer, as well as former Remine CEO Leo Pareja to oversee affiliated services. Continue reading →

Fannie Mae downgrades home sales expectations for 2022 and 2023

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Higher mortgage rates are now “housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent this year. Continue reading →

Housing starts fall dramatically as builders fret over declining demand

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Housing starts clocked in at a seasonally adjusted rate of 1,549,000, a 14.4 percent decline from revised April levels, according to the U.S. Census Bureau and Dept. of Housing and Urban Development. Continue reading →

HomeLight raises $115M and acquires cash offer rival Accept.inc

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Scottsdale, Arizona-based HomeLight announced that its all-stock deal raises the company’s valuation to $1.7 billion and makes it the largest “agent-focused” cash offer program in the U.S. Continue reading →

Homebuyers ‘need a bit of a reset,’ Fed chair Jerome Powell declares

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Jerome Powell on Wednesday acknowledged the tough situation buyers now find themselves in, adding that “We need to get back to a place where supply and demand are back together.” Continue reading →

How the market shift will impact your investment strategy

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With the negative shift ravaging the real estate market, it is easy to say that there is no positive to take out of it. But as with every market, there are opportunities. Continue reading →

Do better: Stop rejoicing over industry layoffs

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Laughing and cheering at the expense of others, whether those others are real estate professionals losing their jobs or celebrities embroiled in abusive situations, has no place in this industry, says Jay Thompson. Continue reading →

How one broker is giving agents the launch pad they need

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Although the debate about what is “right” in terms of the future of office space lives on, allowing employees to be flexible can be a game-changer, resulting in higher productivity and fewer HR issues. Continue reading →