Tag Archives: Markets & Economy

Compass recommits to North Dallas with new office space

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The brokerage has signed a lease for a 14,000-square-foot office space in the recently redeveloped HALL Park in Frisco, Texas, in a commitment to future growth in the region. Continue reading →

Chicago voters to decide whether to hike real estate transfer tax

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Proponents said the measure would raise $100 million per year. Chicago Realtors said the tax was volatile and not a reliable funding stream. Continue reading →

Douglas Elliman posts mounting losses, declining revenue in Q3

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The New York-based brokerage reported consolidated revenues of $251.5 million in Q3, a drop from the third quarter of 2022 when it tallied $272.6 million in revenue, according to an earnings call Wednesday. Continue reading →

LoanDepot warns more layoffs are coming — but on a smaller scale

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With headwinds in sight for 2024, loanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon. Continue reading →

The job description of a loan officer has changed

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According to mortgage industry expert Matt Muscat, changes in the mortgage industry and in the financial landscape have made the job of loan officer more important and challenging than ever. Continue reading →

How the ‘Chinese property ban’ impacts the American dream

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Newly appointed AREAA President and broker-owner Jamie Tian offers her personal perspective on the legislation and the groups that are joining together to combat hate in real estate. Continue reading →

Record 85% of Americans said October was a bad time to buy

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Monthly Fannie Mae survey shows homebuyer pessimism at a high for records dating back to 2010, but a broader index aimed at capturing overall housing market sentiment improved in October. Continue reading →

Compass trims losses, improves cash flow despite Q3 revenue dip

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The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday. Continue reading →

Lack of access to credit keeps Black neighborhoods in rental loop

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Access to safe, traditional credit building is especially limited in Black neighborhoods, a report from Zillow shows, highlighting lingering effects from redlining that keep those households renting instead of owning a home. Continue reading →

Great questions are the key to winning negotiations

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Some negotiations go beyond the deal itself. Learning to effectively navigate them can positively impact your productivity and growth, writes broker Nick Schlekeway. Continue reading →