Top agents are winning a greater share of listings in the wake of NAR’s commission settlement last year, with high-performers holding 42.64 percent of all listings, new data from tech firm Relitix shows.
Category: News Brief
Bass weighs pause of ULA Tax as wildfire recovery continues
Los Angeles Mayor Karen Bass seems to be warming up to the idea of pausing the controversial ULA Tax as the city recovers from destructive wildfires, but it is unclear how she could do it.
LA pauses new Section 8 applications amid funding cuts
The Housing Authority of the City of Los Angeles (HACLA) has announced a pause on accepting new Housing Choice Vouchers (HCVs), also known as Section 8 vouchers, which could leave thousands of residents at risk for homelessness, CBS News reported Tuesday.
EXp taps Movoto for enterprise agent solution
EXp hired Movoto to install its Lever by Movoto enterprise product to help agents handle leads, transactions and other business-critical needs.
Tomo Mortgage secures $20M in Series B funding round
Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20 million in a Series B funding round, bringing its total investment to $130 million, company executives announced Tuesday.
Rocket Companies to purchase Redfin in $1.75B all-stock deal
Rocket Companies announced Monday its plans to acquire Redfin in an all-stock transaction valued at $1.75 billion in equity. This acquisition will integrate Redfin’s home search platform, which features over 1 million listings and a network of 2,200 agents, with Rocket Companies’ mortgage origination and servicing capabilities.
Hsieh returns to LoanDepot as Frank Martell steps down as CEO
Martell will transition into a board advisory role by June and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday.
Pending home sales fall 4.6% to an all-time low, NAR says
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year.
Kevin Van Eck now principal at startup advisory Maverix
Kevin Van Eck is stepping away from his leadership role at @properties Christie’s International Real Estate to become a principal at Maverix Advisory Group.
Zumper’s Reelz automates short-form social media marketing
Short-form video is perhaps social media’s most powerful message driver, and now Zumper is making it easy for residential property managers and leasing agents to leverage it.