Above: Howard Hanna Real Estate Services CEO Hoby Hanna. Photos by AJ Canaria. There’s a sea change confronting the residential real estate industry, and Hoby Hanna isn’t mincing words: “Brokerage is not enough anymore. Not for Howard Hanna, not for your company, not for our agents, and ultimately not for the consumer.” Hanna delivered this…
SmartMLS and Property Shield—a real estate fraud detection and prevention company—announced a new partnership that will bring listing fraud detection and removal tools to more than 20,000 real estate professionals across Connecticut. The new service is expected to launch in mid-October. According to a release, the Connecticut-based MLS will integrate Property Shield’s Listing Fraud Protection…
HomeServices of America and Long & Foster Companies have named Daniel Dennis president & CEO of the iconic, 55-year-old firm. With more than two decades of brokerage, luxury and national industry experience, Dennis succeeds Patrick Bain, who is stepping down following a 16-year career with the firm, including as president & CEO for the last…
Despite fierce headwinds driven by the war in Iran and still-rising mortgage rates, Rocket Companies reported impressive gains during its Q2 earnings call on August 6, thanks in large part to reaching “record levels” in both purchase and refinance quarterly marketshare. “It was one of the toughest spring housing markets in years,” said Rocket Companies…
From razor-thin margins to part-time agents, there is good reason for the consolidation currently underway in residential real estate. The question is, will the players left standing be the right ones? As private-equity and Wall Street money extend their tendrils further into the real estate landscape, concerns regarding their intention, integrity and capability to properly…
For multi-entity brokerage owners, enterprise value is built over years—through agent growth, revenue expansion and operational scale. But a new whitepaper from thedeepdive.tech, “The Valuation Discount Hiding in Plain Sight,” reveals that a silent threat in the back office can erase millions of that value the moment a buyer starts due diligence. Buyers don’t just…
Real estate people love to extol the limitless potential of a career in the business. Michele Harrington’s story makes the hype a reality. While Harrington’s path from U.S. Marine to CEO of Southern California’s iconic FirstTeam Real Estate was anything but predictable, there was one constant that fueled her momentum every step of the way:…
Virtual megabrokerage eXp, which has long sought to be ahead of the curve on technology in real estate, is seemingly all-in on AI, as executives also touted an ongoing effort to build out and consolidate the company’s platform. Reporting essentially flat agent and broker count at just under 83,000, and a 4% increase in revenue…
As player housing goes live in World of Warcraft®, Zillow has teamed up with Blizzard Entertainment® to introduce Zillow for Warcraft, a custom microsite that allows anyone to browse a curated collection of in-game homes from Azeroth™. According to a release, the Zillow for Warcraft experience brings Zillow’s familiar home exploration into a fantasy setting. The microsite…
Real estate professionals often predicate success upon an external force, a factor beyond their control. Like interest rates. Or inventory. How many times have you thought, “if rates just came down a little” or “if we just had more listings,” surely, business would skyrocket. In reality, however, while interest rates and inventory are critically important…
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