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Offerpad stays profitable for second quarter in a row

USA Real Estate News-Inman - Wed, 2022-05-04 15:36
The iBuyer earned about $41 million in profit during the first three months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday.

As Expected, Fed Hits Brakes with 50-point Hike

USA Real Estate News-RISMedia - Wed, 2022-05-04 14:32

With little surprise, the Federal Reserve announced a larger rate hike Wednesday following their two-day meeting this week, accelerating the central bank’s efforts to curb rampant inflation and pull back from pandemic relief efforts.

The Tesla of Transactions: What does self-driving tech look like for real estate?

USA Real Estate News-Inman - Wed, 2022-05-04 14:12
Tech giants poured money into technology aiming to remove the agent. But one company is on a mission to build solutions to empower real estate professionals. Get a behind the scene look at the self-driving technology being developed to help automate the transaction and give agents their time back.

Broker Confidence Continues to Decline Month-Over-Month

USA Real Estate News-RISMedia - Wed, 2022-05-04 14:04

At a macro level, 2022 has been a year of ups and downs for the U.S. economy. Supply chain issues are still prevalent. Inflation continues to rise, although some experts suggest it may have peaked. Thirty-year mortgage rates topped a 5% average. Loan applications have dipped week-over-week.

eXp Powers Up With Strong Q1 Earnings

USA Real Estate News-RISMedia - Wed, 2022-05-04 14:03

Virtually-focused brokerage giant eXp, which has seen significant growth and attention over the course of the pandemic, started off 2022 strong with strong growth in both agents and revenue, bringing in $1 billion during the first quarter and seeing its agent count jump 55% year-over-year, according to its first earnings report of the year, released Wednesday.

Redfin Settles Fair Housing Lawsuit, Changes Practices

USA Real Estate News-RISMedia - Wed, 2022-05-04 14:02

Real estate giant Redfin last Friday settled a significant fair housing lawsuit brought by almost a dozen advocacy organizations, paying $4 million and agreeing to change its practices around how it sets minimum price points in communities, which allegedly discriminated against predominantly Black and brown areas.

The lawsuit was led by the National Fair Housing Alliance (NFHA), which originally filed the suit back in 2020.

Mortgage Applications Increase in Latest MBA Weekly Survey

USA Real Estate News-RISMedia - Wed, 2022-05-04 14:01

After an eight-week downward trend, mortgage applications increased 2.5% from one week earlier, according to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 29, 2022.

Key findings: 

The CE Shop Launches Pre-Licensure and Continuing Education Courses

USA Real Estate News-RISMedia - Wed, 2022-05-04 14:00

By combining their purpose-built platform of Online Self Study (OSS) with personalized feedback, professional education provider, The CE Shop, has announced it now offers a more engaging and modern approach to taking NMLS-approved courses.

According to a release, The CE Shop’s courses allow students to obtain or maintain a mortgage license online and provides opportunities to compliance officers, who are now able to easily track continuing education completion and success within their team.

NAR listing broker attribution policy deadline delayed at midyear

USA Real Estate News-Inman - Wed, 2022-05-04 13:45
MLSs will have six more months to implement the policy as well as a single data feed policy, NAR's director of engagement told the Multiple Listing Issues and Policies Committee Wednesday.
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