News

Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of

Mass rounds of real estate layoffs still the exception, not the norm

Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to a report released Friday by the U.S.

Buyers on a $2,500 budget can now afford a $400,000 home

Things are looking up for homebuyers on a budget as mortgage rates fall from their 20-year highs, according to a report published Thursday by Redfin.  

Amerant Mortgage launches Midwest hub in St. Louis, Missouri

Florida’s largest community bank, Amerant Bank, continues to grow the national footprint of its mortgage subsidiary, Amerant Mortgage, through acquisitions.  

Rogers Healy pulls from Compass to hire first director of operations

The independent brokerage has hired Diyanna Ahuja to lead its team of more than 500 agents, who brings 2 decades of experience in luxury retail operations and real estate to

Essent scooping up Finance of America’s title businesses for $100M

The struggling lender’s pivot to reverse mortgages creates an opportunity for the big private mortgage insurer to acquire Agents National Title and Boston National Title.  

Wells Fargo lays off 140 as it backs out of correspondent mortgages

In a Worker Adjustment and Retraining Notification, the company outlined its plans to reduce its workforce size. The company began executing the plan Tuesday in Springfield, Illinois.  

Broker Spotlight: Megan and Damon Williamson, The Agency Dallas

Find out how Dallas Realtors Megan and Damon Williamson are combining their individual talents to grow The Agency’s brokerage presence in Dallas, Texas.  

M. Ryan Gorman breaks silence on Coldwell Banker ‘termination’

In a Medium post published on Thursday, Gorman promised to lead by example with a shift into affordable housing projects while revealing new details about his departure from Coldwell.  

Does the commission lawsuit spell the end for NAR? The Real Word

This week, Byron Lazine and Nicole White are talking about year-end home sales numbers, Jason Oppenheim’s commission lawsuit comments, and the weekly media review Left, Middle, Right.