Mortgage company Homepoint laying off ‘hundreds’ of workers

The Michigan-based and third-largest wholesale mortgage lender aims to cut costs by more than $100 million a year in response to an “extremely challenging” lending environment. Continue reading

Lamacchia Realty gets serious about commitment: No more ‘slackers’

With the housing market in a measurable slowdown, the brokerage feels it necessary to shift strategies. “We want people who are serious about doing well in the real estate business.” Continue reading

Newrez returns to playbook, brings back 40-year fixed-rate mortgage

The nonbank mortgage lender says 40-year, interest-only loans will help borrowers and investors who have been priced out of today’s housing market. Continue reading

Real estate stocks are getting absolutely destroyed right now

Multiple real estate companies are seeing share prices fall to all-time lows. If they can’t ultimately turn around their stock market performances, their falling share prices could have profound impacts on the real estate industry. Continue reading

The truth about Zillow’s ShowingTime acquisition: The Real Word

Byron Lazine and Nicole White discuss the real reason Zillow acquired ShowingTime, the hype behind the housing recession, and how “shrinkflation” could potentially change the game for consumers in 2023. Watch this week’s TRW to stay on top of this week… Continue reading

ShowingTeam helps brokers, agents share work in emerging app category

ShowingTeam’s intent is ideal for new agents needing to learn a market, and can be used by brokers to tell top talent there’s a system in place for handling the tasks that become mundane as you experience success. Continue reading

In tug-of-war between New York and Florida, the boss may have final say

Homeowners who fled Manhattan to Florida during the pandemic are responding to pressure from employers to return to offices in New York. Faced with sun and sand, some aren’t ready. Continue reading

WATCH: If marketing properties is your thing, this is your time to shine

A rebalancing market can be painful for agents. But it also presents opportunities for them to show off their marketing prowess, C-suite executives said last month at Luxury Connect. Continue reading

The average US home is now selling below its list price, Redfin says

The average list-to-sale ratio clocked in under 100 percent for the first time since March 2021 in August, according to new data released Thursday by Redfin. Continue reading