Redfin’s Revenue, Zillow Deal & Rocket Acquisition
Redfin reports loyalty transaction increase, agent growth, Zillow partnership for rental listings ($100M), and pending Rocket acquisition. Revenue and deals saw a decrease.
Real Estate, MLS & Trust: Scott on Exclusives & NAR
Scott discusses MLS value, agent trust, and NAR's role in real estate. He emphasizes complete exposure for sellers and addresses privacy concerns in listings. $1.8B/yr market investment.
Zillow’s Growth: Mortgage Revenue Up & Expanding Services
Zillow's mortgage revenue jumps 32% with its 'very application' experience. Traffic and visits also increased. Expansion of services simplifies buying, selling, and renting, boosting income and revenue.
eXp Realty’s New Co-Sponsor Program & AI Investments
eXp Realty launches a Co-Sponsor Program to support new agents and invests in AI for global scaling. Despite market challenges, a top Keller Williams team joined eXp, boosting agent numbers and sales volume.
Real Estate Regulations: Texas & Florida Bills Impact Industry
Texas and Florida bills target real estate regulations, impacting agent conduct and association membership. The bills raise concerns about free speech and fair housing compliance. Focus on hate speech and discrimination.
Compass’ Private Listings: Innovation or MLS Alternative?
Compass launches 'Private Exclusives Book' for off-MLS listings, sparking debate. Is it innovative or a move against MLS? Concerns raised about fair housing and access.
Zillow’s Listing Criteria: Transparency and IDX Rules
Zillow's listing criteria and IDX rules are discussed. NAR's choice emphasizes transparency. Concerns about off-MLS listings and potential consumer harm are highlighted. Zillow defends its standards against anticompetitive claims.
eXp Realty Expands: New Programs, Leaders & Global Growth
eXp Realty unveils co-sponsor program, appoints global managing director Felix Bravo, names Mindy Grubb as executive director of eXtend a Hand, and welcomes Feisal Ramjee focusing expansion and agent success.
Homa: AI-Powered Home Buying Platform
Homa uses AI to empower home buyers with market analysis, data-driven offers, and closing guidance. It aims to streamline the process without replacing listing agents, addressing buyer concerns about commission fees.
New Home Sales Surge in March: Lower Prices & Mortgage Rates
New home sales surged in March, reaching a peak since September 2024, driven by lower prices and mortgage rates. Sales increased 7.4% from February and 6% year-over-year, with cheaper homes fueling the market.
Agent Migration: Brokerage Models, Tech, and Market Share
Agent migration analysis reveals tech-enabled brokerages attract top talent. Market share concentrates among major brands. Agent churn stems from dissatisfaction with support and onboarding. Tech offerings are very important.
Real Estate Expansion: eXp in Turkey, Agency in Vancouver & More!
eXp expands to Turkey, The Agency opens in Vancouver. Plus, moves by Compass, Coldwell Banker, Douglas Elliman, Engel & Völkers, Century 21 & FirstTeam mark realty market growth.