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Compass revenue ticks up slightly as losses mount in Q2

USA Real Estate News-Inman - Mon, 2022-08-15 15:36
The fast-growing brokerage earned $2 billion in revenue during the second quarter of the year, but also saw losses rise to $101 million, according to an earnings report issued Monday.

Wells Fargo reportedly eyeing ‘major retreat’ from mortgage

USA Real Estate News-Inman - Mon, 2022-08-15 15:13
Executives said to be concerned about reputational risk of correspondent lending channel, which has historically accounted for as much as half of the bank's home loan business.

LeadingRE names new president of global operations

USA Real Estate News-Inman - Mon, 2022-08-15 14:41
Chris Dietz will spearhead LeadingRE's global business strategy across a number of its brands and will be responsible for all regions outside of the U.S., it was announced Monday.

Adam Neumann’s post-WeWork residential venture raises $350M

USA Real Estate News-Inman - Mon, 2022-08-15 14:29
Flow, the WeWork founder's fledging startup, has received an investment of approximately $350 million from venture capital firm Andreessen Horowitz and has already earned a $1 billion valuation.

Most homeowners still want yards — but pandemic-era pool envy is over

USA Real Estate News-Inman - Mon, 2022-08-15 14:16
The pandemic continues to impact homeowner needs, according to Fixr's 2022 Home Design report. Outdoor spaces and home offices topped owners' lists while pools sunk to the bottom.

Innovator or Imitator: A Deep Dive Into What Makes Compass Tick

USA Real Estate News-RISMedia - Mon, 2022-08-15 14:03

Its name has evoked a mix of emotions in the real estate industry for years. To some, the company is an innovator bringing the brokerage model to a new level with tech, marketing and an “agent-centric” model. To others, it’s a controversial entity leveraging Wall Street dollars to lure top-performers into its camp. Regardless of…

The post Innovator or Imitator: A Deep Dive Into What Makes Compass Tick appeared first on RISMedia.

Are Contract Cancellations Another Sign of a Market Shift?

USA Real Estate News-RISMedia - Mon, 2022-08-15 14:02

While early projections for this year’s housing market called for some changes, none of the forecasters seemed to predict a growing rate of buyers backing out of transactions, especially considering the past two years of frantic market behavior. However, that was the case in recent months, and experts argue that it reflects the underlying market…

The post Are Contract Cancellations Another Sign of a Market Shift? appeared first on RISMedia.

Leading Real Estate Companies of the World® Announces Promotion of Executive Vice President

USA Real Estate News-RISMedia - Mon, 2022-08-15 14:01

Leading Real Estate Companies of the World (LeadingRE) has announced the promotion of Chris Dietz to president of global operations. Dietz joined LeadingRE in March 2011 as European director and quickly progressed to executive vice president of global operations in 2016. Before joining LeadingRE, Dietz held executive positions at U.S. and European relocation-focused businesses, the…

The post Leading Real Estate Companies of the World® Announces Promotion of Executive Vice President appeared first on RISMedia.

Berkshire Hathaway HomeServices Nevada, Arizona and California Properties Appoints New CEO

USA Real Estate News-RISMedia - Mon, 2022-08-15 14:00

Berkshire Hathaway HomeServices Nevada, Arizona and California Properties has promoted its general manager Troy Reierson to CEO, the company has announced. Mark Stark, who has been with the company since 1985 and been its CEO since 1997, has become its chairman. “Rarely do you get the opportunity to work with someone for almost five years…

The post Berkshire Hathaway HomeServices Nevada, Arizona and California Properties Appoints New CEO appeared first on RISMedia.

5 overlooked home markets poised to keep rising in value in 2023

USA Real Estate News-Inman - Mon, 2022-08-15 13:54
A housing slowdown is underway throughout much of the country. But these five local markets may be positioned to weather the storm, according to new data from Moody's Analytics.
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