This week’s news is mostly a tale of misinformation. But first, some reliable data. July payrolls released this morning grew by 209,000, enough to stop cold a decline in mortgage and other long-term rates and roughly double the monthly gain, which would stabilize the unemployment rate at today’s 4.3 percent — either stop hiring, or […]
Mark McLaughlin Los Angeles-based real estate firm Partners Trust is putting together a purported deal to sell at least a partial stake of the company to San Francisco-based Pacific Union International, the 8th largest brokerage in the country by sales volume, Inman has learned. Company officials would not comment on the deal. Partners Trust, led by […]
I’m working on a new weekly email featuring my thoughts on the industry and more. Check out last week’s here (“Homeselling’s like a ’60s skateboard — slow and about to change“). Send me feedback at brad@inman.com. And if you would like this in your inbox every Friday, sign up here: (function() { var qs,js,q,s,d=document, gi=d.getElementById, […]
Glenn Kelman In private presentations to investors, Redfin laid out its long-term and disruptive vision of using technology to help buyers take more control over their home purchase by deploying easy-to-use transaction tools. This strategy allows the company — whose market cap has jumped over $2 billion since it went public last week — to […]
In July, the National Association of Realtors released its 2017 National Housing Pulse survey that revealed buyers are willing to break the bank in order to own a home, mainly because of the benefits of building equity and long-term wealth. So what should buyers consider when choosing a home that will yield the highest return on […]
“Not only are our agents outperforming the overall real estate industry, they’re shattering their own production records from a year ago.” That’s what Keller Williams CEO John Davis had to say about this quarter’s earning results, which the company shared with Inman (as a privately owned company, Keller Williams is not required to report its […]
In 2015, Keller Williams acquired Team Leads, an Ontario, Canada-based platform that uses landing pages to capture leads and feed them into a lead management program that helps teams follow up with leads and turn them into transactions. Today, team leaders using the platform (now known as KW Team Leads) were informed that the company […]
The homebuyer’s journey is laden with obstacles. Credit issues, low inventory, unreasonable sellers and complicated inspections can all alter a homebuyer’s perception and taint the whole experience for some. For others, the process proves fairly breezy. The results of Experian’s 2017 Homebuyers Survey revealed that some potential buyers are steering away from homeownership due to […]
A robust housing market and agent count growth nudged Re/Max’s profits higher in the second quarter compared to the previous year, the real estate franchisor reported. Re/Max posted net income of $7.5 million in the second quarter, up 8.2 percent year over year, as revenue rose by 12.5 percent to $48.8 million. Revenue growth was “primarily […]
You’ve been in the industry a while, and you have a consistent business. Maybe making $250,000 annually was your goal when you first started, but now it’s second nature to you. Now you wonder, “How can I take it to the next level?” Here are three crucial shifts real estate agents need to embrace to […]
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