EXp cites ‘volatile housing market’ for double-digit sales decline in Q4

EXp World Holdings' revenue increased 13 percent to $933 million in Q4 2022 as closed transaction sides and volume fell by 13 percent and 16 percent, respectively, according to an earnings call Tuesday afternoon.

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Compass revenue falls in Q4 — but losses narrow despite ‘difficult year’

In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021.

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Black Knight’s Q4 profits slip as clients cope with challenges

The company's $17.6 million in fourth-quarter net earnings represented a 71 percent decline from a year ago. Black Knight books $452.5 million in 2022 profits, up 118 percent from 2021 with revenue climbing 5 percent to $1.55 billion.

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How to brand yourself when you’re broke (Hint: Think Bergdorf’s)

In the first event of Fordham Real Estate Institute’s new series, Bess Freedman, CEO of Brown Harris Stevens, sat down with her mentor Barbara Corcoran for the kickoff of the school’s "Titan Talks."

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Helping new buyers get ‘invested’ in real estate

When working with buyers, take that conversation one step further, and share what you know about the different investment opportunities in real estate.

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ChatGPT’s take on commissions, compliance and the MLS

RESO CEO Sam DeBord asks the latest in artificial intelligence, OpenAI’s ChatGPT, what it thinks about compensation in the MLS. Here’s what you should know.

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Better lets Amazon workers put up stock as mortgage collateral

Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages.

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Investor activity slows, still makes up 1 in 4 homes sold in US

New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That's up from about 11 percent in 2001.

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After clamp down in Park City, Pacaso gets a big reprieve in Utah

A bill moving swiftly through Utah's Legislature would prevent cities and counties in the state from placing restrictions on co-owned homes. The reversal is a big win for Pacaso and its rivals.

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Can a mega-mansion in Paradise Valley bring in a record $75M?

The state's priciest-ever deal sold for $28.1 million in Scottsdale in June 2022, but with the lure of features like a metaverse room, a spa that generates snow and a lazy river, developers in Paradise Valley think they can get $75 million for an estate that's still in progress.

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Zillow gets vote of confidence from JP Morgan analysts

Analysts gave Zillow an "overweight" rating, which means they expect Zillow to outperform peer companies. The report also sets Zillow's share price target at $48 by December of this year.

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The Agency expands into Outaouais region of Quebec

With the new location in Outaouais, the luxury brokerage continues to strengthen its reach across Canada. This marks The Agency's 13th office located throughout the provinces of Quebec, Ontario, Alberta and British Columbia.

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Agents share their biggest ‘green flags’ in leadership

Agents shared the biggest "green flags" they find in good leaders and skills associated with emotional intelligence dominated responses. When leaders exhibit these qualities, team members are more likely to feel engaged, motivated and valued, leading to better overall team performance and satisfaction.

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Home prices cooled sharply to end 2022 — but affordability still elusive

Home price growth fell 5.8 percent annually in December, down from a 7.6 percent gain a month earlier, the latest S&P CoreLogic Case-Shiller Index shows. The FHFA also recorded a chill in appreciation.

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Former KW CEO slams Gary Keller, calls brokerage ‘criminal enterprise’

Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis's claims are "unsubstantiated, unwarranted, and disparaging."

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Rapattoni, Restb.ai advance MLS partnership, service tools

Industry solutions provider of more than 50 years, Rappatoni will leverage the full brunt of Restb.ai's unique image intelligence capabilities.

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Brad Inman: Decision-makers, not experts, will forge real estate’s path

The Inman founder kicked off Disconnect in Palm Springs, California, on Monday by calling on real estate leaders to deliver a path forward through the rough patches ahead.

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BHHS CEO Christy Budnick is ready to dive into the spring market

As "motivator and chief encourager" of Berkshire Hathaway HomeServices, Budnick said she's bullish about the upcoming year. Agents who get down to business will thrive, she added.

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Quitting time? How brokers can help cash-strapped agents survive

In a market where listings are still scarce, a mid-career agent is having difficulties. What can the broker do for an agent in this position, who is completely strapped for cash?

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Affordability, foreclosures, mortgages: How to navigate tough real estate conversations in 2023

Having tough conversations about real estate can be difficult when the news isn’t ideal — but remember that your clients are asking you because they trust you and your expertise. By being prepared for these conversations, you are serving them when they need you most.

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