Mohan Chalagalla REALTOR®License #: CA DRE 01906706

Mohan Chalagalla REALTOR®License #: CA DRE 01906706

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Lake Home vs. Beach House: Pros and Cons of Each

USA Real Estate News-RISMedia - Thu, 2024-05-02 15:27

When choosing a dream vacation home or a permanent residence, deciding between a lake house and a beach house is a common dilemma. If you have vacationed and enjoyed both, the decision could be challenging. Sometimes, when vacationing in either location for a short period, you may not think about the long-term consequences of ownership.…

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Opendoor revenue dips and losses rise amid Q1 transaction slump

USA Real Estate News-Inman - Thu, 2024-05-02 15:25
Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer.

CRD Connect: Advancing Homeownership

USA Real Estate News-RISMedia - Thu, 2024-05-02 15:08

Research consistently shows that the housing sector has a profound impact on the health of the economy and that homeownership offers long-term social and financial benefits. The last decade, in particular, has witnessed property values soaring, causing homeowners to realize unprecedented equity gains. Beyond the fiscal advantages, the societal benefits of owning a home are…

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Fathom Realty unveils partnerships with CE Shop, Working Advantage

USA Real Estate News-Inman - Thu, 2024-05-02 14:49
Fathom Realty has forged two new partnerships with education platform The CE Shop and online marketplace Working Advantage. The partnerships will give Fathom's agents and mortgage loan officers access to exclusive discounts on continuing education courses and lifestyle needs, such as gym memberships and travel.

Christie’s International Partners with ShowingTime+ for Listing Showcase®

USA Real Estate News-RISMedia - Thu, 2024-05-02 14:13

ShowingTime+ and Christie’s International Real Estate Group announced an agreement that allows Christie’s agents to provide Listing Showcase®—the AI-powered listing experience only available on Zillow—to home sellers in that tri-state area.  Listing Showcase is a listing experience and a real estate marketing solution in one, ShowingTime+ stated. Agents who include Listing Showcase as part of…

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eXp Exceeds Expected Revenue Rate for Q1, but Agent Count Remains Down Year-Over-Year

USA Real Estate News-RISMedia - Thu, 2024-05-02 13:21

Despite ongoing legal woes and a drop in agents, virtual national brokerage eXp reported year-over-year revenue and profit growth in its Q1 2024 earnings call on Wednesday. Transactions also increased 8% to 110,976 year-over-year, the company reported. “During the first quarter, our agents closed over $37 billion of transactions, a 12% year-over-year increase, underscoring eXp’s…

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eXp World Holdings Exceeds Expected Revenue Rate for Q1, but Agent Count Remains Down Year-Over-Year

USA Real Estate News-RISMedia - Thu, 2024-05-02 13:21

Despite ongoing legal woes and a drop in agents, virtual national brokerage eXp reported year-over-year revenue and profit growth in its Q1 2024 earnings call on Wednesday. Transactions also increased 8% to 110,976 year-over-year, the company reported. “During the first quarter, our agents closed over $37 billion of transactions, a 12% year-over-year increase, underscoring eXp’s…

The post eXp World Holdings Exceeds Expected Revenue Rate for Q1, but Agent Count Remains Down Year-Over-Year appeared first on RISMedia.

Zillow Sees the Positives in a Post-Settlement Industry in Latest Earnings Call

USA Real Estate News-RISMedia - Thu, 2024-05-02 13:18

At the end of 2023, Zillow pointed to the consistency of its earning results to paint a rosy picture of the company’s future. Reported revenue was up year-over-year in Q4 2023 ($474 million), though there was a net loss of $74 million, about the same as the year before.  In its first quarterly report of…

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The silver lining behind the market’s mixed messages

USA Real Estate News-Inman - Thu, 2024-05-02 12:22
While 2024 is looking like more of the same down market, leading indicators may point to happier days ahead, according to Mike DelPrete.

Bad at math? Let David Childers illuminate the latest data

USA Real Estate News-Inman - Thu, 2024-05-02 12:08
Keeping Current Matters CEO David Childers and Jimmy Burgess discuss why a relevant market opinion based on facts, not fears, is key for educating consumers and navigating industry changes.

Mortgage Rates Increase for Fifth-Straight Week

USA Real Estate News-RISMedia - Thu, 2024-05-02 12:06

The 30-year fixed-rate mortgage (FRM) averaged 7.22% this week, rising for the fifth-consecutive week and up from last week’s 7.17%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday.  This week’s numbers:  The 30-year FRM averaged 7.22% as of May 2, 2024, up from last week when it averaged 7.17%.…

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HomeServices hit by buyer commission lawsuit in Florida

USA Real Estate News-Inman - Thu, 2024-05-02 11:57
The class action lawsuit filed by plaintiff James Lutz alleges that HomeServices and other members of the National Association of Realtors fixed commissions, which misled buyers and resulted in buyers paying inflated home prices.

Latest iGuide update includes buyer lead capture

USA Real Estate News-Inman - Thu, 2024-05-02 11:30
Imaging company Planitar released an update to its iGuide tour experience that encourages buyers to offer contact information and feedback.
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