EXp Realty paid $232.6 million in revenue share and equity benefits to agents and brokers in 2023, according to the company’s annual program update published mid-Monday. The lion’s share of the payouts — $197.9 million — came from revenue share. The re… Continue reading
After three years as president, Marc King has stepped down from his post at Keller Williams Realty. CEO Mark Willis will take over King’s responsibilities. Continue reading
In a new survey released Monday, Redfin revealed more than half of U.S. homeowners and renters “feel negatively” about housing affordability and want a 2024 presidential candidate who can fix it. Continue reading
The real estate conference season is heating up, as multiple real estate brands descend on Las Vegas to rally agents and brokers for what will undoubtedly be another challenging year. Century 21 is the latest brokerage to roll the dice in Sin City, wit… Continue reading
Century 21 has expanded its presence in South Florida with Soflo Home Realty, a six-year-old woman-led brokerage in Delray Beach. Broker-owner Roberta Lucas and her 15-agent team serve buyers and sellers across Broward, Miami and Palm Beach counties. Continue reading
The US housing market is short 7.2 million homes, according to Realtor.com’s latest housing market analysis. Nearly 18 million households have been formed over the past decade; however, only 10 million single-family homes were constructed during the sa… Continue reading
Despite slowing sales, the value of the U.S. housing market experienced record-breaking growth in 2023, according to Redfin’s latest housing report. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2022 to $47.5 trillion in… Continue reading
Redfin continued its recovery during the fourth quarter, with revenue declining 2 percent year over year to $218.1 million — a near 180 from its Q1 and Q2 showings where annual revenue declines topped 20 percent. Continue reading
In his first Family Reunion address since returning as CEO of Keller Williams last year, Mark Willis called on agents to rise up and topple Anywhere, the world’s largest real estate franchisor. Continue reading
The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn’t keep itself … Continue reading