For all the anxiety that once surrounded brokerage economics, the numbers now tell a calmer story. New research shows that more brokerages are profitable, losses are shrinking and margins are beginning to stabilize. In a study published on Tuesday, real estate accounting firm AccountTECH reported that its data is showing a steady increase in the…
All Posts in "Real Estate News" Category
Category archive page
Despite pressure from activist investors at Third Point Investments, Ltd., CoStar Group said it is firmly against divesting of or shutting down Homes.com. In response to a letter sent to CoStar on Tuesday in which Third Point asks the company to divest or shutdown its residential real estate arm, including Homes.com, the Andy Florance-helmed firm…
Propy — a tech company using artificial intelligence (AI) and blockchain to automate real estate closings — announced it has secured a $100 million credit facility from Metropolitan Partners Group. Financing will be used to consolidate title and escrow companies into an AI-powered, end-to-end closing platform. According to Propy, transaction costs can approach 10% of…
In a new survey, 97 percent of brokerage leaders said their agents are using AI. Real estate professionals use the tech to write listing descriptions, manage marketing campaigns and more.