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News
CB Warburg moves under Compass banner; Equity Union expands
20+ hour, 59+ min ago (449+ words) Compass aims to help Warburg agents deliver “greater value.” Plus, Equity Union enters second state with Nevada launch; Elliman Capital opens in Texas; more. Editor's note: The brokerage business is a busy one, with frequent moves, mergers and milestones. Here…...
Berkshire Hathaway closes acquisition of ‘best-in-class’ builder
1+ day, 11+ hour ago (428+ words) The $8.5B deal brings Taylor Morrison under the conglomerate’s umbrella, helping Berkshire realize its “vision for a unified site-built homebuilding operation.” Less than two months after Berkshire Hathaway Inc. announced its planned acquisition of Taylor Morrison, the deal has closed. "Today…...
Compass says phased marketing delivers 4.6% sale price premium
1+ day, 11+ hour ago (642+ words) The company published new data today on more than 70,000 closed Compass listings that indicates pre-marketed homes sell for more and go under contract faster. Compass has released new data showing that its pre-marketed listings command an even higher price premium…...
Private listings don't expand consumer choice — they narrow it
1+ day, 20+ hour ago (257+ words) When agents and brokerages limit access to information, consumers are unable to weigh all their options, inherently constraining their range of choices. Proponents of private listings argue they give sellers more options. I believe they're taking the industry back to…...
Fathom reveals ‘material weaknesses’ in financial reporting
2+ day, 7+ hour ago (557+ words) The firm said it’s implementing a plan to “effectively remediate” the issues, which were largely tied to an M&A side deal hidden by Fathom’s former CEO. Fathom Holdings has uncovered "material weaknesses" in its financial reporting process and says…...
Howard Hanna nabs Maine’s top indie in latest M&A
2+ day, 9+ hour ago (353+ words) The family-owned firm notches another acquisition — and enters the Maine, New Hampshire and Massachusetts markets — with the addition of Portside Real Estate. Family-owned powerhouse Howard Hanna Real Estate Services has made another notable M&A, expanding its reach into a…...
Surging oil prices, T-bonds push mortgage rates closer to 7%
2+ day, 12+ hour ago (578+ words) The Iran war escalation is spooking financial markets and raising inflation concerns. And next week’s Fed meeting isn’t likely to “signal any immediate relief.” It appears that homebuyers could, once again, be dealing with 7% mortgage rates in the near future…...
New KW leaders given clear mandate: Accelerate growth
2+ day, 14+ hour ago (481+ words) The franchisor has added four new roles focused on performance, agent attraction and commercial growth to “create more opportunity for entrepreneurs to thrive.” Just two days after longtime Keller Williams executive Jay Papasan publicized his decision to step down as…...
PLACE names new EVP; SERHANT adds luxury sales exec
2+ day, 20+ hour ago (543+ words) Proptech veteran Mike Ryan joins PLACE as EVP of business development. Plus, Nick Janovsky will oversee luxury sales for SERHANT along Florida’s Gulf Coast. Editor's note: As an industry with millions of agents and over 100,000 brokerage companies, new leaders rise…...
New wrinkle in commissions settlement as Flexmls withholds data
3+ day, 8+ hour ago (426+ words) The Sitzer/Burnett plaintiffs filed a motion today after FBS “refused” to provide listing and seller data MLSs agreed to release per the settlement terms. The plaintiffs in one of the industry's most consequential lawsuits have informed the court that…...