Robert Reffkin on Compass’s pre-marketing strategy: What’s the downside?
The heated debate around the Clear Cooperation Policy (CCP) has roiled the real estate brokerage space as a result of fierce pushback on the rule from Compass.
But company CEO Robert Reffkin has a question amid what he characterized as “negative narratives and scare tactics.” What’s the downside for a home seller of Compass’s “three-phase marketing” strategy?
Rocket shifts focus to integration after Q1 growth in originations and M&A
Lower rates helped Detroit-based Rocket Companies, the parent of Rocket Mortgage, improve its originations in the first quarter of the year — a period also marked by the announcement of two major acquisitions in Redfin and Mr. Cooper.
Longbridge endures Q1 loss, but leaders tout ‘positive contributions’
Despite a slowdown in overall Home Equity Conversion Mortgage (HECM) volume in the first quarter of 2025, Longbridge Financial contributed positively to parent company Ellington Financial.
Overall performance at Ellington saw $31.6 million in net income to common stockholders, up from $22.4 million the prior quarter. Longbridge posted a net loss of $1 million for the quarter.
Frederick Warburg Peters joins Brown Harris Stevens
The founder of Warburg Realty Frederick Warburg Peters is joining Brown Harris Stevens. The New York-based firm announced Peters’ move on Thursday.
Peters founded Warburg Realty in 1991 before selling it to Coldwell Banker in 2021.
NAR: Home prices are up in 83% of metros
Home prices rose in more than 80% of U.S. metro areas in the first quarter of 2025 — even as affordability remained stretched and fewer markets posted double-digit gains.
According to the National Association of Realtors (NAR), 189 of 228 metro areas (83%) saw year-over-year increases in the median price for existing single-family homes. That’s a slight decline from 89% in the fourth quarter of 2024.
As economic concerns mount, home equity lending is viewed more favorably
Nearly 30% of U.S. homeowners would consider tapping their home equity via products like a home equity line of credit (HELOC) due to ongoing concerns about the economic climate, stemming from a rise in volatility and uncertainty over the past three years.
This comes from survey data collected by MeridianLink, a software vendor for the financial services and consumer reporting industries.
Major title insurers post strong Q1 earnings, fueled by commercial real estate deals
A surge in commercial real estate transactions helped drive solid first-quarter 2025 earnings for the country’s largest title insurers.
First American Financial, Fidelity National Financial, Old Republic International and Stewart Information Services all reported year-over-year gains in commercial title revenue. Leaders at each company pointed to improved demand and strategic investments in growth.
Michael Maher to lead referral training for KW MAPS
Keller Williams has a new training program for KW-affiliated agents looking to up their game this summer.
On Thursday, the firm announced that it is welcoming Michael Maher to the KW MAPS coaching team. Maher will lead a referral training program at KW MAPS.
House bill markup pushes sale of federal land for housing development
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