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While Redfin reported losses during quarterly earnings reports in 2023, the company maintained a mood of cautious optimism. CEO Glen Kelman stressing any losses were controllable and downturns were predictable, while Redfin’s fundamentals remain strong with potential for growth. Redfin reported its Q4 earnings on Tuesday, February 27, 2024, and the year-end summation reflected these…
The post Redfin Pushes New Agent Compensation Model, Reports Quarterly Declines appeared first on RISMedia.
The 30-year fixed-rate mortgage (FRM) increased slightly this week, from last week’s average of 6.9% to an average of 6.94% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.94%, up from last week when it averaged 6.9%. A year ago…
The post Mortgage Rates Continue to Edge Near 7% appeared first on RISMedia.
Above, Paul Boomsma, left with Diane Turton Leading Real Estate Companies of the World®’s (LeadingRE) 2024 Conference Week kicked off on Weds., Feb. 27 at the Wynn Hotel in Las Vegas with an inspiring general session—bringing together some of the brightest minds in the business to uncover the possibilities that exist in today’s challenging environment…
The post Celebrating the Past and Preparing for the Future appeared first on RISMedia.
Compass reported increases of principal agent count by 7.7%, up 1,046, and quarterly market share up 4.41%—a jump year-over-year by nine basis points and quarter-over-quarter by 10 points—in Q4 of 2023, boasting respectable averages across the board despite constant challenges facing the market. Founder and CEO Robert Reffkin shared his satisfaction in the company’s progress…
The post Compass Satisfied With Q4 Performance Compared to National Averages appeared first on RISMedia.