Real Estate Transaction Software, Earnnest, Joins the MoxiCloud Partner Program
The new partnership gives MoxiWorks users a more streamlined approach to money transfers during every transaction. SEATTLE, Wa. (April 4, 2024) – MoxiWorks, your partner in real estate success, announced a new partnership today with Earnnest, the largest digital earnest money service in the US. This new partnership enables MoxiWorks users to seamlessly incorporates Earnnest's robust payment processing features into their tech suite, enhancing the efficiency of the real estate transaction process for them and their clients. Earnnest, founded in 2017, has recently expanded their services to give agents, homebuyers, and escrow holders the most convenient and secure way to digitally collect and pay all their real estate payments including earnest money deposits and disbursements, agent fees and commissions, and rental payments. "It's been clear since the beginning that Earnnest was going to be an invaluable addition to the MoxiCloud partner program," said Krista Hannahs, Senior Director of Strategic Partnerships for MoxiWorks. "The care with which they've built their product and their understanding of the needs of this industry are top notch." Some of the features MoxiWorks clients can look forward to: Enhanced Security — Earnnest's bank-level security ensures the protection of sensitive data and provides irrevocable funds for escrow holders. Convenience and Efficiency — The integration streamlines the earnest money process, reducing paperwork and increasing overall efficiency. Real-Time Receipts — Users will benefit from real-time updates and tracking, improving transparency and communication. "This partnership exemplifies our dedication to providing real estate professionals with an unparalleled, secure, and streamlined approach to earnest money transactions," said Chris Basinger, SVP of Growth, Earnnest. "We're crafting a new benchmark for simple, efficient transactions, with an unwavering focus on convenience." MoxiWorks clients who want to learn more about this partnership and how they can add Earnnest to their tech stack today can visit earnnest.com/partners/moxiworks or talk directly with their customer support manager. About Earnnest Earnnest is how money moves in real estate and the leading digital earnest money service in the United States. It provides a secure and efficient method for homebuyers to electronically deposit earnest money, simplifying the real estate transaction process for all parties involved. To date, Earnnest has facilitated over 350,000 digital earnest money deposits, totaling over $2 billion, without a single instance of payment fraud. For more information, visit www.earnnest.com. About MoxiWorks MoxiWorks, a real estate tech platform that has revolutionized the industry for more than a decade, powers more than 800 brokerages and 400,000 agents to be more productive with an easier and faster marketing and management experience. Flexible, stackable, and tailored MoxiWorks solutions make the day-to-day of running a brokerage less daunting so real estate rockstars can shine. Find out more and supercharge your growth at moxiworks.com.

LeadingRE Welcomes Notable to Solutions Group Program
Notable specializes in pay-at-close home improvement financing. CHICAGO – (March 26, 2024) – Leading Real Estate Companies of the World® announced today that Notable has joined its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Notable offers an unsecured credit line for your clientele, resulting in increased listings secured, elevated prices, and accelerated sales, all while strengthening your brand. According to LeadingRE Vice President, Sales/ Partnerships Jeff Kennedy, "Notable serves an underserved market segment that is ripe for innovation. We're excited to align with such a strong company and look forward to working with them in the coming year." Learn more about Notable at notablefi.com. "Notable is thrilled to join LeadingRE's Solutions Group. The companies within LeadingRE represent some of the most thoughtful and sophisticated brokerages in the industry. We are excited to empower brokerages and their agents with a best-in-class financing solution that enhances their brand and wins listings," said Austin Lane, CEO of Notable. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About Notable Notable's personal line of credit fronts the cost of home sale preparation for sellers to help agents win more listings and achieve quicker closings at premium prices. Notable partners exclusively with top brokerages to offer simple, white-labeled programs that empower their agents and enhance their brand. Operating across 48 states, Notable has facilitated over 25,000 loans with a remarkable 94% customer satisfaction rate. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

HUNT Real Estate Earns Top Recognition in ERA Real Estate Network for Sales Volume and Units Sold
BUFFALO, NY USA – HUNT Real Estate ERA has once again been recognized as the premier real estate firm by ERA Real Estate for both sales volume and units sold in 2023. This remarkable achievement marks the fifth consecutive year that HUNT has claimed the top spot, solidifying its position as a leader in the industry. In 2023, HUNT distinguished itself with an impressive performance, boasting 11,839 closed transactions and $3.5 billion in sales volume. These results are a testament to HUNT's commitment to excellence and dedication to serving clients with the utmost professionalism and expertise. With a vast network spanning 40,000 brokers and sales associates across the United States and 30+ countries and territories, ERA Real Estate is one of the most respected names in the industry. HUNT's consistent ranking as the top firm within this network for five consecutive years underscores their exceptional capabilities and unwavering dedication to success. Peter F. Hunt, Chairman, and CEO of HUNT Real Estate Corporation, expressed his gratitude, stating: "There are hundreds of very fine real estate companies in the ERA organization with whom we collaborate. It is a great tribute to our HUNT professionals in New York, Massachusetts, and Arizona that their collective efforts have made us the number one firm for the entire ERA network in 2023." The company was recognized for its achievements at the ERA Fuel Conference held in Nashville, TN from February 20-22, 2024. About HUNT Real Estate ERA HUNT Real Estate Corporation stands as the umbrella entity overseeing HUNT Real Estate ERA, a network comprising 60 residential branch offices spanning New York State, Massachusetts, and Arizona. Pioneering its services since 1911, HUNT proudly maintains its status as the oldest and most successful family-owned and operated real estate and homeownership services organization in New York. Nationally recognized, HUNT holds the 34th position in closed transactions according to REAL Trends. The company's extensive portfolio extends to include a commercial brokerage, mortgage banking firm, insurance agency, and title agency. Guided by the vision "Always There for You" and the mission "Successful Professionals. Growing Profitably. Providing Superior Service," HUNT Real Estate remains committed to excellence across its entire spectrum of operations. For further details about HUNT Real Estate, please visit www.huntrealestate.com. About ERA Real Estate ERA® Real Estate knows that real estate is as local as it gets. We believe that our core business values of collaboration, innovation, diversity and growth are needed more than ever. As a global leader in the residential real estate industry for nearly 50 years, ERA features a powerful network of like-minded entrepreneurs supported by the brand’s game-changing technology, products and powerful lead generation. The ERA Real Estate network includes more than 43,000 affiliated brokers and independent sales associates and approximately 2,400 offices throughout the United States and 36 other countries and territories. ERA Franchise Systems LLC which operates the ERA Real Estate system, is a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), a global provider of real estate services. ERA Real Estate information is available at www.ERA.com.

Fathom Holdings Partners with Constellation1 to Support Nationwide Data Expansion
Laguna Beach, CA – Constellation1, a leading provider of real estate technology and data services to the real estate and mortgage industries has been selected by Fathom Holdings Inc. — a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents — to provide nationwide data aggregation and compliance services. Prior to its partnership with Constellation1, Fathom managed data services in-house. Like many others that have identified the need for third party data services management, Fathom determined that bringing in a dedicated team of experts to manage data services would help focus resources on delivering best in class tools to agents, simplify MLS management and build long-term data quality and reliability. "In seeking a provider that could take over data management we conducted a thorough analysis comparing our data aggregation and normalization processes to that of Constellation1 – field by field. The assessment analyzed data richness, data saturation, update frequencies, update times, and much more, in comparison to their own platform. Constellation1's foundation in data services and nearly three decades of experience in managing comprehensive data services, MLS relationships and complex compliance requirements were the deciding factors for Fathom to partner with Constellation1," stated Marco Fregenal, Fathom Holdings, Inc. Chief Executive Officer. "As a leader, themselves, in MLS data aggregation, we're thrilled to be working with the team at Fathom," said Brant Morwald, President of Constellation1. "This partnership reinforces the investments we've dedicated to our data services business– cloud infrastructure, serverless architecture, data normalization – and the level of support Constellaton1 dedicates to its customers. We look forward to supporting Fathom's continued growth." In the Fall of 2022, Constellation1 announced that they were taking the lead on implementing Real Estate Standards Organization's (RESO) latest standard, webhooks, enabling clients to receive automated push notifications whenever new data became available on the MLS – a new listing, a price change, etc. Enabling this new standard in its data feeds gives Fathom agents a competitive advantage of up-to-the-minute listing change notifications, improving their ability to service clients and provide the best and fastest service related to the availability of MLS information. Constellation1 has long been a leading player in real estate data aggregation and compliance services. In addition to the partnership with Fathom Holdings Inc., Constellation1 recently partnered with Engel & Völkers, HSF Affiliates LLC, the parent company of Berkshire Hathaway HomeServices, and Redfin, to power their national expansions through data services. About Constellation1 Constellation1 is a long-term partner to the real estate industry and provides front office, back office and data services to real estate brokerages, franchises, MLSs and Associations across North America. Constellation1 is your source for real estate technology. Constellation1 is a division of Constellation Web Solutions Inc., and its subsidiaries, and is part of Constellation Real Estate Group. For more information, visit constellation1.com. About Fathom Holdings Inc. Fathom Holdings Inc. is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title. For more information, visit www.FathomInc.com.

Lone Wolf and Openn partner to connect the real estate transaction process from offer to close
New integration between platforms from Lone Wolf and Openn brings real estate offer transparency directly into transactions DALLAS, TX and CAMBRIDGE, ON – February 21, 2024 – Lone Wolf Technologies ("Lone Wolf") is thrilled to announce a new integration for Lone Wolf Transactions (TransactionDesk Edition) ("Transactions"): Openn's real estate offer platform. This new integration introduces a new way of receiving and managing offers on properties for Canadian REALTORS® in a way that connects them with the platform that powers their national transaction management member benefit, CREA WEBForms® powered by Transactions, and will empower over 160,000 real estate agents across Canada to provide even better experiences for their clients. Openn joins over 30 technology companies in Lone Wolf Marketplace, a catalog of partner integrations for Transactions that provides real estate professionals across North America with essential add-ons and high-value solutions to improve both their own experiences and the experiences their clients receive. Among the integrations available are critical closing and client services, including rental screening, earnest money deposit, commission advances, disclosures, home warranty, home insurance, moving services, and more. Together with in-house connections to Lone Wolf's CRM, CMA, advertising, and back office solutions, these integrations provide agents and brokers with a complete and completely connected system for every aspect of their real estate business. With this new integration between Transactions and the Openn platform, agents across Canada will be able to import transaction data from their CREA WEBForms® accounts securely into the Openn platform to simplify how they receive and manage offers on their clients' properties. This, combined with the introduction of the Openn platform into Realtor.ca®, will provide both agents and clients with unmatched transparency throughout every stage of a deal, from the moment an offer comes in to the last signature. Additionally, TRESA regulations in effect since December 1, 2023, mandate that agents share specific details about offers among competing buyers at the seller's instruction. In a competitive, multiple-offer situation, where offer details are changing quickly, reporting accurate information can be extremely complicated for the agent. This integration takes care of collating the right information and communicating it to the right people automatically. "At Lone Wolf, we're on a mission to simplify real estate for everyone—and that necessitates collaboration," said Jake Hamilton, Senior Vice President of Strategy at Lone Wolf. "By introducing a simpler way for real estate professionals to receive, share, and manage their offers, we can help ensure our customers have the experience they want and need from the software they use every day—and they can ensure their clients get an above-and-beyond experience that keeps them coming back in the future." For more information and to get started with this integration, please visit Lone Wolf Marketplace here.  About Lone Wolf Technologies Lone Wolf Technologies is the North American leader in residential real estate software, serving over 1.5 million real estate professionals across Canada, the U.S., and Latin America. With cloud solutions for agents, brokers, franchises, MLSs, and associations alike, the company provides the entire real estate industry with the tools they need to amaze clients, build their business, and improve profits—from transactions to back office, insights, and more, all in one place. Lone Wolf's head offices are located in Cambridge, ON, and Dallas, TX. About Openn Negotiation Openn Negotiation Limited (ASX: OPN) is an Australian property technology company offering a proprietary cloud-based software platform to support real estate agents in selling property online with greater transparency. The Openn platform facilitates a negotiation process, featuring streamlined digital contracting and automated communication tools, which enhances a property transaction. The solution provides buyers with real-time feedback through their device on how much competition exists and where their price stands in the negotiation, resulting in an optimal sales outcome.

CoreLogic Deepens Capabilities through Strategic Alliance with Google Cloud
CoreLogic's continued collaboration with Google Cloud focuses on new product capabilities powered by Vertex AI  IRVINE, Calif., February 14, 2024 — CoreLogic®, a leading global provider of property data and analytics, has announced the expansion of its strategic alliance with Google Cloud, solidifying a successful collaboration that has thrived over the past half-decade. Since the inception of this relationship, CoreLogic has integrated Google Cloud's forward-looking solutions into all of its crucial property professional workflow solutions. Over 1.5 million property professionals rely on CoreLogic's scaled, secure data and software solutions, giving the company deep insights into the U.S. housing economy.  As part of this extended collaboration, CoreLogic is working with Google Cloud to mature its AI capabilities by leveraging Vertex AI, Google Cloud's enterprise AI platform. This unified platform is designed to accelerate the building of new machine learning models, leveraging pre-built models that empower CoreLogic to unlock valuable insights from its expansive, industry-leading property dataset. CoreLogic is accelerating new product development with wide-scale deployment of image and climate risk analytics, natural language processing and state-of-the-art predictive modeling using Google Cloud's suite of AI solutions. From automating a property listing, to calculating the first-floor height of every structure, CoreLogic is bringing invaluable insights into the hands of every property professional. "CoreLogic has been at the forefront of innovation for decades with our best-in-class property data, platforms and software solutions. Our strategic relationship with Google Cloud has allowed us to further unleash our AI potential, empowering CoreLogic to help our clients make faster, smarter and more people-focused decisions," said Patrick Dodd, President and CEO of CoreLogic. "Generative AI is fundamentally changing how businesses in every industry operate, fueling a new era of cloud that can benefit virtually every area of an organization," said Thomas Kurian, CEO, Google Cloud. "By utilizing Google Cloud's leading gen AI capabilities, CoreLogic can transform how agents, lenders and carriers serve their end customers and unlock new ways to solve the property ecosystem's largest business challenges." For more information about CoreLogic, please visit corelogic.com. About CoreLogic CoreLogic is a leading provider of property insights and innovative solutions, working to transform the property industry by putting people first. Using its network, scale, connectivity and technology, CoreLogic delivers faster, smarter, more human-centered experiences that build better relationships, strengthen businesses, and ultimately create a more resilient society. For more information, please visit www.corelogic.com.

Milestones Drives Strong Momentum with 513% Increase of Consumers on Platform
AUSTIN, Tex. – Jan. 22, 2024 – Milestones, a leading provider of innovative solutions for homeowner engagement in the real estate and mortgage industries, recently celebrated a phenomenal 513% surge in new consumers on its platform within just one month. This significant growth is attributed to Milestones' recent strides in product advancements and strategic partnerships, purposefully designed to enable companies in the real estate and mortgage sectors to build closer relationships with consumers over the entire home ownership lifecycle and meet them where they are in the dynamic journey of homeownership. Tailor-made for homeowners, whether they are buying, selling, moving, or owning, Milestones hubs serve as a centralized place to help simplify homeownership, offering access to essential documents, home service providers, home improvement suggestions, timely and seasonal home maintenance tasks and reminders, wealth-building insights, and more. With a white-label approach, Milestones assists real estate brokerages, mortgage lenders, title companies, home warranty providers, and insurance companies in being actively involved and guiding their customer's journeys, fostering continuous engagement for repeat business and referrals, as well as driving ancillary products and services to boost revenue. Dustin Gray, CEO of Milestones, expressed his enthusiasm about the progress they are making in homeowner engagement initiatives, stating, "This past year has been incredibly dynamic in the tech sector, laying the groundwork for future innovations. Leading the charge in homeownership, Milestones is looking forward to forging ahead on this journey in collaboration with our customers, unveiling new products in the near future." In 2023, Milestones launched Home Improvements and Virtual Designer, powered by AI, to deliver hyper-relevant tools to homeowners to help achieve their highest return on investment. The company also implemented enhanced integrations to help streamline operations for partners while ensuring a unified consumer experience. Since then, Milestones experienced a 513% increase in new consumers on the platform, driven in part by the strategic expansion of top-producing real estate teams and regional mortgage lenders that led to a 41% increase in customer growth. "These recent offerings represent the beginning of increased demand for those launching Milestones to be first to market to get homeowners on our branded solution. This early reaction to consumers on the platform is bringing praise for what's to come, setting new standards for consumer engagement and industry innovation," said Ashley Terrell-Kayiran, Chief Revenue Officer of Milestones. Learn more about Milestones and talk to Sales here. About Milestones Milestones provides personalized home management portals, referred to as "hubs," that incorporate a variety of tools and resources to assist homeowners throughout the entire homeownership journey, and that are uniquely branded to professionals in the real estate landscape. Whether it's buying, selling, moving, or owning a home, homeowners have access to a wide array of home service providers, insights into home value, and much more. Our solution simplifies the complexities of homeownership, while empowering real estate professionals to stay engaged, educate, and add value for their clients to foster long-term relationships.

Empty Nesters Own Twice as Many Large Homes as Millennials with Kids
Empty-nest baby boomers own 28% of the nation's large homes, while millennials with kids own just 14%. The landscape has transformed over the last decade: 10 years ago, young families were just as likely as empty nesters to own large homes SEATTLE — Empty-nest baby boomers own nearly 3 in 10 (28.2%) large U.S. homes. That's twice as many as millennials with kids, who own just 14.2% of the country's large homes, according to a new report from Redfin, the technology-powered real estate brokerage. Gen Zers with kids own almost none (0.3%) of them. An additional 7.5% of the country's large homes are owned by baby boomers with households of three adults or more; this category likely consists mostly of adult children living with their boomer parents. The report is based on a Redfin analysis of U.S. Census data from 2022 that breaks down the share of three-bedroom-plus homes owned and occupied by each generation, by household type and size. For the purposes of this report, Redfin used the term "empty nesters" to refer to households headed by baby boomers with 1-2 adults living in the home. See the report for full details on methodology. It's worth noting that even though millennials with kids own half as many large homes as empty nesters, there are more millennials than baby boomers. Millennials make up roughly 28% of the country's adult population, the largest share of any generation. They're followed by baby boomers (27%), Gen Xers (25%) and Gen Zers (12%). Baby boomers own an outsized share of large homes for several reasons, current and historical: There's not much financial incentive to let go of large homes. Most (54%) boomers who own homes have no mortgage. For that group, the median monthly cost of owning a home, which includes insurance and property taxes, among other costs, is just $612. For the boomers who do have a mortgage, nearly all have a much lower interest rate than they would if they sold and bought a different home with today's near-7% rates: Even if they downsized, they may have a nearly identical monthly payment. For millennials and Gen Zers, it's harder to find and afford a home. Large homes are in short supply, largely due to the mortgage-rate lock-in effect and a recent lack of homebuilding. Large homes are also hard to afford: 2023 was the least affordable homebuying year on record; it was especially hard for younger Americans who don't have equity from a prior home. Some young Americans don't want to own a home. A recent Redfin survey found that 12% of millennials who believe they'll never own a home aren't interested in homeownership, and 7% said they don't plan to buy because they don't want to maintain a home. Boomers built wealth. Many older Americans benefited from an abundance of newly built homes and favorable economic conditions during their prime moneymaking years, during the 1990s economic boom. Those homes proved to be good investments: Home values have grown four times faster than incomes over the last several decades. Today, boomers hold half of the wealth in the U.S., and much of it is in real estate. Boomers are older, so they've had more time to buy homes. "There's unlikely to be a flood of large homes hitting the market anytime soon," said Redfin Senior Economist Sheharyar Bokhari. "Logically, empty nesters are the most likely group to sell big homes and downsize: They no longer have children living at home and don't need as much space. The problem for younger families who wish their parents' generation would list their big homes: Boomers don't have much motivation to sell, financially or otherwise. They typically have low housing costs, and the bulk of boomers are only in their 60s, still young enough that they can take care of themselves and their home without help. Still, some boomers are ready to downsize into a condo or move somewhere new for retirement, and the mortgage-rate lock-in effect is starting to ease–so even though there won't be a flood of inventory, there will be a trickle." Many young families are renting large homes in the meantime. Millennials with kids take up one-quarter (24.8%) of the three-bedroom-plus rentals in the U.S., the largest share of any generational category, followed by millennials without kids (11.6%). Empty-nest baby boomers take up the next-highest-share (11.4%) of three-bedroom-plus rentals. 45% of empty nesters own big homes, almost double the share of millennials with kids The above addresses the share of large homes owned by each generation and household type. In looking at the share of each generation and household type that owns large homes, Redfin found that empty-nest baby boomers are almost twice as likely as millennial families to own three-bedroom-plus homes. Nearly half (45.5%) of one-to-two-person boomer households own large homes while just over one-quarter (27%) of households consisting of millennials with kids own large homes. Roughly 3% of Gen Zers with kids own them. What type of home do the rest of millennials with kids live in? Some young families rent large homes: Roughly 1 in 10 (9.3%) millennial-with-kid households live in three-bedroom-plus rentals. Others rent smaller units. Other millennials live with family or roommates. Of all U.S. millennials (whether they have kids or not), roughly 17% of them live with a family member in a home that family member owns or rents–most likely their parents. Another 10% live in a home owned or rented by someone they're not related to–most likely a roommate. Seven in 10 are the head of their own household, whether they're owning or renting. Older Americans own a much bigger share of large homes than they did 10 years ago, and young families own a smaller share Who owns large homes has changed over the last decade. In 2012, empty nesters of the silent generation (who were 67-84 at the time) took up 16% of three-bedroom-plus homes. That's a smaller share than Gen Xers (who were 32-47 at the time) with kids, who took up 19% of those large homes. But one thing has remained the same over time: Baby boomers with no kids living at home take up the lion's share of big houses. In 2012, empty-nest boomers (who were then 48-66) owned and occupied 26.4% of three-bedroom-plus homes in the U.S., comparable to today's share. Empty nesters take up at least 20% of large homes everywhere in the U.S. Empty-nest baby boomers take up the biggest share of large homes in relatively affordable Rust Belt and southern metros. Baby boomers with one or two people in the household take up roughly one-third of three-bedroom-plus homes in Pittsburgh, PA (32.1%), Birmingham, AL (31.1%) and Cleveland, OH (30.8%), the highest shares in the nation. Next come Buffalo, NY (30.5%) and Virginia Beach, VA (30.4%). Demographics are one reason why Pittsburgh tops this list; the metro skews older: Baby boomers make up 40% of Pittsburgh's households, a far higher share than Gen Xers (27%) or millennials (20%). Empty nesters own at least 20% of large homes everywhere in the country. They take up the smallest share of three-bedroom-plus homes in popular migration destinations and California metros: Riverside, CA (21.9%), Salt Lake City, UT (22%), Austin, TX (22.2%), Houston (23.2%) and San Jose, CA (23.7%). No matter the metro, millennials with kids take up no more than 18% of three-bedroom-plus homes Young families take up the smallest share of large homes in coastal California and Florida, where large homes tend to be more expensive, and the largest share in relatively affordable inland metros. Just about one of every 10 three-bedroom-plus homes are owned and occupied by millennials with kids in Los Angeles (9.4%), San Jose, CA (10.4%), San Francisco (10.9%), Miami (11.2%) and New York (11.8%) Millennials with kids have the largest share in Indianapolis, IN (17.6%), Minneapolis (17.4%), Cincinnati, OH (17%), Kansas City, MO (16.5%) and Riverside, CA (16.5%). View the full report, including, charts and metro-level data, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with same day tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we've saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 4,000 people.

Clever Real Estate Expands Tech Footprint, Acquires Gravy Technologies
ST. LOUIS, Jan. 8, 2024 -- Clever Real Estate, a fast-growing real estate education and technology company, has acquired Gravy Technologies, a startup that has built the first loyalty rewards platform for first-time home buyers. As part of the acquisition, Gravy's Team, led by co-founders Jeff Dinter, Jimmy Lien, and Will Dunn, will join the Clever team. Gravy was launched in 2021 to gamify the home-buying journey with a rewards program and financial fitness tools that help aspiring homeowners get mortgage-ready faster. To date, the Gravy app has helped over 30,000 people prepare for homeownership and earn $20 million in rewards. "Clever gives us a platform from which to expand the scope of Gravy's mission," said Jeff Dinter, Gravy co-founder and CEO, who is joining as Clever's VP of Product. "In the future, our tech will serve not only renters but also homeowners, sellers, and repeat buyers. With Clever, we're tapping into an engaged audience of over 10 million people each year coming to Clever for online advice, data, and education — who we can now bring into personalized interactive experiences inside the Gravy platform." In addition to its consumer app, Gravy also provides a "loyalty-as-a-service" (LaaS) solution for real estate agents and mortgage lenders to offer a white-labeled loyalty app to its customers. The 2022 Loyalty Barometer Report by Merkle showed that 79% of consumers are more likely to do business with a company because of its loyalty program. With Gravy's technology, any real estate professional can launch their own loyalty program, rewarding their clients for taking steps to get educated and financially prepared to buy a home. "We were blown away by the quality of Gravy's technology and the impressive traction their LaaS platform had with lenders and real estate agents," said Luke Babich, Clever co-founder and CEO. "There is a loyalty arms race in real estate, as lawsuits challenge the structure of buyer's agent fees and incumbents such as Rocket Mortgage invest huge amounts into their own loyalty apps. Clever is leading the charge in equipping our lender and realtor partners with the networks and technology they need to compete with the best — and win." Since 2017, Clever has saved customers more than $160 million on realtor fees, with an average 5.0-star rating based on 2,600+ verified customer reviews on Trustpilot. It recently launched Clever Pro, an all-in-one solution that empowers mortgage lenders to drive higher profits and provide more value to home buyers, and was named one of the fastest-growing companies in the Midwest by Inc. About Clever Real Estate Clever Real Estate is on a mission to connect people with the most trustworthy advice and the best solutions for every step of their real estate journey. Clever's primary offering is a realtor-matching platform that helps home sellers and buyers compare personalized realtor matches and save up to 50% of the typical fees. Clever's network spans 20,000 agents across all 50 states.

HomeScout Acquires Trinity Oak Partners
Atlanta, January 3, 2024 -- HomeScout has acquired Trinity Oak Partners within the HomeScout suite of companies. The company that has created a nationwide network of real estate agents, loan officers and title representatives, has purchased the lead generation company Trinity Oak Partners. "Trinity Oak Partners created a niche in the lead generation business," says David Camp, CEO of HomeScout. "They have a customer base comprised of only top 100 real estate brokerages that utilize their end-to-end system to engage with past customers and make them repeat clients." Trinity Oak Partners selectively works with top brokerages and leverages their vast past customer portfolios and through AI and lead nurturing, brings customers back to the brokerage for a second and third transaction. "Their technology and systems are unmatched in the space," says Camp. HomeScout is a 20-year-old business, offering a suite of services, including branded property search, automated home values and neighborhood reports, back-office lead generation, lead tracking, lead nurturing and data solutions for their partners companies In 2022, David Camp acquired HomeScout and rebuilt the technology platform to better serve its customers. "We started a significant, multi-seven figure investment into the platform with the goal of designing the ultimate consumer destination to Find a Home, Find a Loan and Find a Realtor." HomeScout enhanced its entire consumer engagement platform to manage every aspect of buying and selling a home, while remaining branded to and delivered by their real estate agent, mortgage professional and title company. About HomeScout From contact to conversion, HomeScout provides an exceptional one-stop solution for mortgage and real estate professionals to optimize relationships with their sphere, prospects, and past clients. The robust HomeScout offering includes branded property search sites, automated home value and neighborhood reports, back-office contact and lead management tools, a real estate search and financial fitness app, lead generation tools, data solutions, and concierge services.

Costar Group Completes Acquisition of UK Portal OnTheMarket.com
LONDON, UK – 12 December 2023 - CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces, announces the completion of its acquisition of OnTheMarket plc (OTM), one of the UK’s three most visited residential property portals. On 19 October 2023, CoStar Group announced a recommended cash offer of 110 pence per share for OnTheMarket Plc, valuing OnTheMarket at approximately £99 million, to be implemented by a scheme of arrangement. The shareholders’ meetings to vote on the scheme were held on 4 December 2023 and the scheme was approved by over 94% in number and over 97% in value of OnTheMarket shareholders voting, representing a record-breaking turnout for OnTheMarket shareholders. The failed efforts of a fringe objector without any standing were soundly rejected by shareholders, employees, and the court. A court hearing to sanction the scheme was held on 7 December 2023 and the Scheme Court Order became effective today. CoStar Group’s acquisition of OnTheMarket will combine the financial strength, online marketplace experience, and technology of CoStar Group with OnTheMarket’s large network of agents to create a genuine disruptor to the established U.K. market leaders. The recommended acquisition was overwhelmingly supported by OnTheMarket shareholders, the majority of whom were agents. Andy Florance, Founder and Chief Executive Officer of CoStar Group said: “Today’s announcement gives us the opportunity to combine a leading UK agent friendly site with our technology, expertise, and capital to raise the game for online home shopping in the UK. The current market leader has grown complacent focusing on margin over innovation, and pricing ahead of value. The level of shareholder support we received is a major endorsement of our plans to invest in OnTheMarket. “CoStar Group has been transforming the world’s real estate through digitization for over three decades. We are relentlessly focused on empowering our customers, delivering this through strong growth in our portals, as well as our data & information businesses. As we digitize the sector and continue to enhance the experience of all those we work with, we are also focused on our investments into Europe, a market that is moving very quickly. Our OnTheMarket acquisition sits firmly within this strategy, and we will bring all our experience to bear as we take OnTheMarket to new levels of success while keeping costs to advertisers at a sustainable level.” CoStar Group plans to integrate OnTheMarket into its network of real estate marketplaces and anticipates investing £46.5 million into sales and marketing in the first full year following the commencement of the integration, six times the current annual media spend and more than three times the current annual media spend of Rightmove plc. CoStar Group’s initial planned investment will mark the first stage of a multi-year investment programme totalling hundreds of millions of pounds to drive more consumers to the OnTheMarket portal with the goal of significantly increasing the quantity of valuable leads to OnTheMarket’s agent clients. Jason Tebb, CEO of OnTheMarket, said: “We are very excited to be joining CoStar Group, in a move which will see our business gain the backing of a proven product and technology market leader. We look forward to working together to accelerate our strategy, with the clear goal of becoming the market leader. To do so with a partner who shares our commitment to a fair and sustainable pricing model constitutes a huge step forward for our company”. The acquisition announcement and transaction information are outlined in the UK Takeover Code Rule 2.7 Announcement filing, which can be found at https://plc.onthemarket.com/recommended-cash-acquisition/. About Costar Group, Inc. CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1986, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyse, interpret, and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attract nearly 100 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, CoStarGroup.com. About OnTheMarket OnTheMarket, which operates the OnTheMarket.com property portal, is a leading UK residential property portal provider. OnTheMarket’s objective is to create value for shareholders and property advertiser customers by delivering an agent-backed, tech-enabled portal, offering a first-class service to agents and new homes developers at fair and sustainable prices, with the mission to become the go-to portal for serious property seekers. OnTheMarket also aims to support its agents in providing a superior service to their clients by providing a number of value-adding services to increase the profitability of their own businesses. Many agent customers choose to launch thousands of their newly instructed UK residential properties exclusively with OnTheMarket first, 24 hours or more ahead of advertising them on other property portals, and these are prominently featured as ‘Only with Us’.

Roomvu joins the MoxiCloud Partner Program
The proptech company has already saved agents 4 million hours and counting with their automations and they're just getting started SEATTLE, Wa. (December 12, 2023) – MoxiWorks, your partner in real estate success, providing stackable tech solutions that agents and brokers actually want to use, announced today a new partner has joined their MoxiCloud partner program, Roomvu. Roomvu generates hyper local and relevant videos for real estate agents for their social media, advertising, and email campaigns. Built by real estate for real estate, Roomvu was created with agents in mind to help take the stress out of marketing. "When I started as an Agent 10 years ago, MoxiWorks was one of the first agent productivity tools I learnt about," said Sam Mehrbod, Roomvu CEO and co-founder. "Today is a monumental date for us since we get bring our hyper-local and hyper-personalized content into CMAs, email campaigns and websites of all agents across North America and Australia. Roomvu's integration with the MoxiWorks platform via the MoxiCloud partner program will include listings, roster, and contact integration allowing all data to sync from MoxiWorks to Roomvu to make content creation and distribution even more seamless. "MoxiWorks's philosophy from the beginning has been that an open network is best for the industry," said Krista Hannahs, Senior Director of Strategic Partnerships. "Bringing in new technology to the MoxiCloud gives brokerages and agents choice and options to build a tech stack tailored to your specific brokerage needs. And Roomvu is no exception. Their technology allows your agents to create hyper local, personalized content, at the click of a button. We're thrilled to have them as our latest partner on the platform." Roomvu helps agents use market updates and recent market happenings to their advantage to help market themselves and showcase themselves as experts in the field. If you're looking to add this integration to yout MoxiWorks tech stack, talk to your account manager. For more information visit www.roomvu.com. For any proptech provider interested in joining the MoxiCloud Partner Program visit the MoxiWorks website to learn more and contact the team here: moxiworks.com/integration. About Roomvu Roomvu is the pioneer in video marketing for agents, backed by the National Association of Realtors. It generates hyper local & relevant videos for your social media, digital ads, and email campaigns. Existing content creation solutions are limited to posting general pictures and templates, and lack relevant and local digestible content that shows agents are aware of their market: (e.g. a new community plan being approved, local sales snapshots). Roomvu accelerates the digitization process in real estate marketing. roomvu has an A.I. that reads local news in each community and allows agents to dive deep into local market stats in 100s of geographical areas using A.I. and then encapsulate those insights into a short 1-minute video, which is branded and customized per each agent. About MoxiWorks MoxiWorks, a real estate tech platform that has revolutionized the industry for more than a decade, powers more than 800 brokerages and 400,000 agents to be more productive with an easier and faster marketing and management experience. Flexible, stackable, and tailored MoxiWorks solutions make the day-to-day of running a brokerage less daunting so real estate rockstars can shine. Find out more and supercharge your growth at moxiworks.com.

LeadingRE Adds Luxury Presence to Solutions Group Program
Luxury Presence offers website design, modern marketing solutions, and an AI-powered mobile platform for real estate professionals. CHICAGO – (December 5, 2023) – Leading Real Estate Companies of the World® announced today that Luxury Presence has joined its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Luxury Presence is a fast- growing digital platform for agents, teams, and brokerages. Their award-winning real estate websites, modern marketing solutions, and AI-powered mobile platform help real estate professionals attract more business, work more efficiently and better serve their clients. With a focus on stunning design, powerful built-in SEO, and effective lead magnets, Luxury Presence's websites are designed to be both beautiful and to convert. The company's suite of products also includes dedicated property websites, agent subdomain websites, a digital CMA and presentation tool, and advertising, content, and branding services. "In today's digital landscape, your website design is the gateway to your real estate world. It's the visual handshake that propels you to the forefront. Luxury Presence's well-crafted designs and forward-thinking strategies provide the tools to help set agents and teams apart from the competition," said LeadingRE Vice President, Sales/ Partnerships Jeff Kennedy. Learn more about Luxury Presence at luxurypresence.com. Luxury Presence Founder and CEO Malte Kramer said, "LeadingRE and Luxury Presence have a shared vision: raising the bar in real estate. That's exactly what Luxury Presence does through our award-winning website designs and innovative marketing solutions for agents, teams, and brokerages. We're honored to be selected to join the Solutions Group program and to empower their global network of market-leading independent real estate firms. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About Luxury Presence Luxury Presence is a Los Angeles-based proptech startup that provides growth marketing solutions to over 10,000 agents, teams, and brokerages. Since launching in 2016, Luxury Presence has raised over $52M. Its notable investors include Zillow Co-Founder Spencer Rascoff, real estate coach Tom Ferry, NBA Champion Dirk Nowitzki, NFL Pro Larry Fitzgerald, Switch Ventures, Toba Capital, and Bessemer Venture Partners. About Leading Real Estate Companies of the World ® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

BoxBrownie.com Joins LeadingRE's Solutions Group Program
BoxBrownie.com provides visual property marketing. CHICAGO – Leading Real Estate Companies of the World® welcomes BoxBrownie.com to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. BoxBrownie.com offers high-quality image editing services, including virtual staging and renovation, floor plan redraws, and 360 image enhancement. BoxBrownie.com provides an efficient and affordable photo-editing platform that empowers real estate professionals to enhance property marketing with images, floorplans, virtual tours, and more. These tools allow agents to save time and focus on core tasks for success in real estate. According to LeadingRE Vice President, Sales/ Partnerships Jeff Kennedy, "BoxBrownie.com's expertise in image editing and marketing is a game-changer for real estate professionals. Their services, from virtual staging and renovation to 360 virtual tours, can save agents both time and money and position listings in the best possible way." "BoxBrownie.com's relationship with LeadingRE is built on a shared vision to empower agents worldwide with advanced tools and services that are essential for thriving in the real estate industry. We're thrilled to be entering this relationship; it represents our continued commitment to providing innovative and streamlined solutions that assist industry professionals to stand out in a competitive market," said Mel Myers, BoxBrownie.com co-founder and CEO. Learn more about BoxBrownie.com. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About BoxBrownie.com Online Proptech company, BoxBrownie.com is an industry leader in visual property marketing, providing lead-generating products to real estate and building industry professionals worldwide. Founded on innovation and driven by the latest technology, they offer a wide range of high-quality image editing services designed to showcase any property to its full potential. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

RESAAS Announces Enterprise Solution for Global Real Estate Brokerages and Agencies
VANCOUVER, BC, Oct. 26, 2023 -- RESAAS Services Inc., a leading provider of technology solutions for the real estate industry, has announced the launch of "RESAAS Enterprise," a solution developed specifically for large real estate brokerages and agencies with a global presence. "RESAAS Enterprise" delivers an enhanced version of the award-winning functionality of the industry-wide RESAAS Platform. It facilitates private online environments with access only for agents belonging to a particular organization. Notable enterprise-grade additions to the core RESAAS Platform include: Integrated single sign-on (SSO) authentication; Secure and multilingual file-sharing component; Permission-based communication channels for different business divisions, such as "Global," "Luxury," and "Commercial" "RESAAS has developed strong relationships with the top real estate organizations. It is clear that the RESAAS Technology Platform can deliver tremendous value to their operations and their bottom-line," stated RESAAS CEO Tom Rossiter. "RESAAS is once again proud to recognize and fulfill the demands of the industry and our customers, and bring to market a secure, robust, and scalable technology solution specifically built for the needs of Global Real Estate Brokerages and Agencies." "RESAAS Enterprise" is a fully configurable add-on to the existing RESAAS Platform, including the core benefits of the RESAAS Referral Engine, pre-marketing listing system, agent-to-agent instant messaging, community management, and Artificial Intelligence (A.I.). The included multilingual experience with 22 supported languages, and multi-currency support for 45 currencies, makes "RESAAS Enterprise" highly sought-after by real estate brokerages and agencies with an international footprint. About RESAAS Services Inc. RESAAS is an award-winning global technology platform for the real estate industry. With over 600,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations. For more information, please visit https://www.resaas.com.

LeadingRE Welcomes SLM to Solutions Group Program
SLM offers technology and marketing support services. CHICAGO – (October 10, 2023) – Leading Real Estate Companies of the World® welcomes Scott Le Roy Marketing (SLM) to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. SLM provides agent and technology onboarding, as well as ongoing technology support services to brokerages of all sizes. SLM's range of solutions encompasses the setup of agent technologies such as email CRM software, transaction management software, websites, internal systems, and applications. They also conduct scheduled check-ins with agents and offer both live and virtual tech training sessions. Additionally, SLM provides back-office support services like finance, cybersecurity, and admin support services. Moreover, SLM offers digital marketing services, including SEO optimization, social media campaigns, and email marketing. These services are strategically crafted to enhance visibility and reach for brokers and agents. "SLM will make a great addition to the program given their commitment to high-quality, cost-effective technical support and digital marketing. In an increasingly online world, SLM's expertise in building a robust online presence can be a game changer for our members," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. Learn more about SLM at scottleroymarketing.com. "LeadingRE's focus on innovation, technology, and new services aligns well with SLM's mission to provide tech-enabled and scalable solutions to brokerages," said Scott Le Roy, founder of SLM. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About SLM Founded in 2012, Scott Le Roy Marketing provides top tier systems on-boarding, technology support, platform training and digital marketing management to businesses, entrepreneurs and startups. With over 650+ satisfied clients, SLM has worked tirelessly to provide the highest level of marketing and customer service. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

Realty ONE Group Enhances Brand Visibility with Nationwide Enrollment in RPR's Broker Tools Program
Chicago, IL - 10/4/2023 -- RPR® (Realtors Property Resource®), the nation's largest real estate property database exclusively for REALTORS®, proudly announces that Realty ONE Group has enrolled nationally in RPR's Broker Tools program. This strategic move will allow Realty ONE Group's powerful brand to be featured across RPR, including its website, mobile application and suite of reports for buyers, sellers and prospects. With this step, and backed by RPR's national footprint and agent reach, Realty ONE Group enhances its brand visibility across its U.S. network of 400+ locations, representing over 19,000 real estate professionals. This alignment enables Broker Admin Access to Realty ONE Group companies, allowing the addition of custom company pages that reflect their brand in every message, creating an authentic and consistent experience for agents creating reports on the platform. Engagement with RPR goes beyond mere branding enhancement, offering Realty ONE Group a variety of benefits such as Affiliated Service Modules, an AVM widget, and deep linking straight to properties, neighborhoods or reports in RPR. "Enrolling in RPR's Broker Tools program allows Realty ONE Group to ensure their agents have their brand dialed in for their client communication," says Ray Gronowski, Vice President of Broker & Specialty Services. "This collaborative venture not only elevates the visibility of their unique branding, but also empowers their agents by marrying invaluable insights with personalized, comprehensive data on a platform they trust." About Realtors Property Resource® RPR®, Realtors Property Resource®, LLC, a wholly-owned subsidiary of the NATIONAL ASSOCIATION OF REALTORS®, is offered exclusively to REALTORS® as a member benefit from the National Association of REALTORS®. It allows them access to the platform's data sets which range from tax and mortgage history to listings, sales, valuations, demographics, and school information. As a powerful marketing tool, RPR also allows REALTORS® to create robust, client-friendly reports that can be printed, emailed or texted from anywhere at any time. About Realty ONE Group Founded in 2005, Realty ONE Group continues to be one of the fastest-growing lifestyle brands in real estate with its proven business model, dynamic COOLTURE, innovative locations and superior business coaching, support, technology and partners. The company has rapidly grown to more than 19,000 real estate professionals in over 400+ locations across 49 U.S. states, Washington D.C., and 17 countries and territories. Realty ONE Group has been named the number ONE real estate brand by Entrepreneur Magazine for two consecutive years and the franchisor is ranked by REAL Trends in the top one percent in the nation. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.

Are Americans Looking to Move? New Data from the Coldwell Banker Move Meter Reveals Shocking Search Destinations
MADISON, N.J., Sept. 26, 2023 -- City dwellers are seeking fresh horizons with Los Angeles, Denver and New York topping the charts as the most frequent searchers looking to move, according to new data from the Coldwell Banker Real Estate LLC Move Meter tool, which compares characteristics such as cost and quality of living city by city. But where are they looking to go? Austin, Texas reigns supreme as the most searched Move Meter destination, drawing potential new residents with its thriving culture, job market and comparable affordability. The exclusive Move Meter tool was created to give sellers and buyers an informative, clear picture about the potential of making their dream move a reality. It's also the focus of the brand's new "Dream" ad campaign airing on select Thursday nights on a streaming service this fall during the football season. Alongside it, the "Move Meter Match-Up," a video and social media series comparing cities of each week's football team matchups, invites consumers to compare their favorite football teams' hometowns on Coldwellbanker.com. The data collected, which includes tens of thousands of searches over the course of this year's campaign, reveals the most sought-after cities, routes and states where Americans are eager to find their new address. A glimpse into Americans' imaginations, featuring the expected, and the unexpected: The Top 10 Cities People Are Dreaming of Moving to: Austin, Texas Charlotte, N.C. New York Los Angeles Nashville, Tenn. Tampa, Fla. Raleigh, N.C. Seattle Atlanta San Diego The Top 10 Cities People Are Dreaming of Moving From: Los Angeles Denver New York Louisville, Ky. Chicago Austin, Texas Allentown, Pa. Seattle San Diego Minneapolis Austin, Texas Leads as the Most Desirable Destination: Austin, Texas stands as the most coveted search destination, with its abundance of live music and warm weather. Charlotte, N.C. and New York round out the top three, enticing individuals with their vibrant cultures and robust employment prospects. Out-of-State Searches Decreased: Last summer, 82% of all Move Meter searches were looking to move out of state, but this year, that number dropped to 72.5%. This indicates that while many aspire to relocate to distant locales, a portion is also keen on staying put within their current state. California, Florida, and Texas Lead In-State Moves: Residents of California, Florida and Texas are the most satisfied staying within state lines. They lead with the most searches within their own states. In addition to the Move Meter, Coldwell Banker has created the ultimate destination for home sellers, with industry exclusive tools like the CB Estimate℠, which provides a home value estimate, and a remarkable new Seller's Assurance Program. With a network of over 100,000 agents across the globe, Coldwell Banker has affiliated agents in nearly every market in the United States. So, no matter where searchers are looking, a Coldwell Banker affiliated agent can help make the dream come true. Home sellers and buyers can visit coldwellbanker.com to find an agent and prepare for their next move to their dream home using the coldwellbanker.com/movemeter. "The Move Meter is a powerful tool helping dreamers find their next destination," said David Marine, CMO of Coldwell Banker Real Estate LLC. "Tying Move Meter into our latest streaming advertising campaign 'Dream' during Thursday football games is a touchdown for our consumers and our agents. Inviting our consumers to compare the hometowns of their favorite teams in a healthy competition enables us to engage with them in an entertaining way while helping them to dream of home in new destinations. Of course, our network is ready on the field to help them achieve their real estate goals." About Coldwell Banker Real Estate LLC Powered by its network of 100,000 affiliated sales professionals in more than 2,700 offices across 39 countries and territories, the Coldwell Banker® system is a leading provider of full-service residential and commercial real estate brokerage services. The Coldwell Banker brand prides itself on its history of expertise, honesty and an empowering culture of excellence since its beginnings in 1906. The Coldwell Banker brand is committed to providing its network of affiliated sales agents with the tools and insights needed to excel in today's marketplace and is known for its bold leadership and dedication to driving the industry forward. The brand was named among the 2023 Women's Choice Award® "9 out of 10 Customer Recommended Real Estate Agency." Blue is bold and the integrity and values of the Coldwell Banker brand give the Gen Blue network an unbeatable edge. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. To join Coldwell Banker Real Estate and unlock the Gen Blue possibilities, please visit careers.coldwellbanker.com.

LiveEasy Joins LeadingRE's Solutions Group Program
LiveEasy offers a full-service moving and home management concierge platform. CHICAGO – (September 20, 2023) – Leading Real Estate Companies of the World® welcomes LiveEasy to its Solutions Group program. LiveEasy's diverse tools help simplify the moving and home ownership process. By introducing these services, LeadingRE's network of 550 market-leading real estate firms can further support clients during the move process and stay connected afterwards. LiveEasy is an all-encompassing consumer engagement platform crafted to meet the needs of homeowners and renters throughout their rental or homeownership journey while keeping the agent top of mind. LiveEasy provides a single destination for all moving and home management needs, including home insurance, internet and cable, home valuation and equity, home projects, document management, and service reminders. In addition to access to a live concierge, the platform seamlessly integrates into the brokerage's brand and can be personalized by real estate professionals. Through this strategic approach, LiveEasy fosters repeat business, generates referrals, improves ancillary revenue and even spans generational connections. "LiveEasy's end-to-end solution caters to both homeowners and renters, allowing real estate professionals to provide a comprehensive home management experience to their clients, while fostering lasting and meaningful relationships. We are excited to align with LiveEasy and believe they will make a great addition to the Solutions Group program," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. LiveEasy CEO Venkatesh Ganapathy adds, "Being invited to join the esteemed ranks of the LeadingRE Solutions Group is a tremendous personal honor and a significant milestone in our company's history. Joining this select group of best-in-class business services aligns LiveEasy with the standards upheld by LeadingRE and recognizes our potential to significantly contribute to the growth and prosperity of their brokerage clients, while supporting homeowners and renters." Learn more about LiveEasy at liveeasy.com. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About LiveEasy LiveEasy is a full-service home management platform designed to help the 190 million+ homeowners and renters in the U.S. with all their moving and home management needs. Today, LiveEasy partners with a range of businesses including mortgage, insurance, rental, home services, and the largest real estate brokerages in the country representing more than 150,000 agents. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

Aayaam Kapoor of Real Estate Webmasters Honored with HousingWire's 2023 Insiders Award
Thank you to Real Estate Webmasters for sponsoring this article on RE Technology: Real Estate Webmasters' VP of Product and Agency, Aayaam Kapoor, was recently named one of HousingWire's 2023 Insiders. This award highlights the people working behind the scenes to drive their companies to success, and Aayaam has done remarkable work to deserve this award. His 15 years of valuable experience in product and project management in India, UK, and Canada helped bring a global perspective to Real Estate Webmasters. Accomplishments and Contributions Aayaam's six years at Real Estate Webmasters have been marked by transformative and innovative changes: Improving Project Management - Established a Project Management Office (PMO) to elevate best practices, communication, and governance tools. Streamlining Operations - Aayaam's 2019 Resourcing model set a new standard for efficiency and customer satisfaction, affecting over 500 clients. Spearheading Renaissance - 350+ top brokerages in North America adopted Renaissance, Real Estate Webmasters IDX-powered real estate platform that loads 1TB of data. Boosting Customer Satisfaction - Response times were significantly reduced, and customer satisfaction rose by 20%. Setting New Industry Benchmarks - Under Aayaam's direction, Real Estate Webmasters became the only real estate website to score 100 in WPO, SEO, and Accessibility. What's Next? Industry experts like Aayaam, whether working in the shadows or with a spotlight shining on them, will undoubtedly move the Real Estate industry forward. We can only wait in anticipation of what revolutionary changes Aayaam and Real Estate Webmasters will roll out in the near future. This is a summarized version of the original blog hosted on Real Estate Webmasters' website.

A Homebuyer on a $3,000 Budget Has Lost $71,000 in Purchasing Power Since Last Year
Daily average mortgage rates are sitting at about 7.4%, close to their highest level in more than two decades SEATTLE -- Historically high mortgage rates are cutting into buyers' budgets, according to a new report from Redfin, the technology-powered real estate brokerage. A homebuyer on a $3,000 monthly budget, for instance, can afford a $429,000 home with a 7.4% mortgage rate, roughly the daily average on August 23. That buyer has lost $71,000 in purchasing power since August 2022, when they could have bought a $500,000 home with an average rate of about 5.5%. The daily average 30-year mortgage rate was 7.36% on August 23, down slightly from a peak the day before but still close to its highest level in more than 20 years. To look at affordability another way, the monthly mortgage payment on the typical U.S. home, which costs about $380,000, is roughly $2,700 with a 7.36% mortgage rate. The monthly payment would be $400 lower—around $2,300—with last year's 5.5% rate. The combination of high monthly mortgage payments and historically low housing inventory has pushed many would-be homebuyers out of the market. Home-purchase applications dropped to their lowest level in nearly 30 years during the week ending August 18, and Redfin's Homebuyer Demand Index—a measure of requests for home tours and other buying services from Redfin agents—was down 7% year over year. "The buyers out there right now are the ones who need to move," said Phoenix Redfin Premier agent Kim Lotz. "I'm working with one couple from out of state who are coming to Phoenix because of a job transfer; they don't have the luxury of waiting for mortgage rates to come down." There's more demand in some parts of the country than others. In Nashville, TN, for instance, Redfin Premier agent Kristin Sanchez says there are more buyers than sellers. "Some buyers are hoping they can get a home for under asking price to make up for high interest rates because they're hearing the housing market is slow. But what's happening nationally isn't necessarily true here," Sanchez said. "Tennessee is a hot spot for people relocating from other states. There are plenty of jobs, and the area is starving for inventory. So despite high rates, there are more house hunters than houses for sale. Homes that are priced competitively and in good condition are typically selling at or just over asking price with two or three offers." Leading indicators of homebuying activity: The daily average 30-year fixed mortgage rate was 7.36% on August 23, near a two-decade high. For the week ending August 17, the average 30-year fixed mortgage rate was 7.09%, the highest level in more than 20 years. Mortgage-purchase applications during the week ending August 18 declined 5% from a week earlier, seasonally adjusted. Home-purchase applications dropped to their lowest level since 1995. Purchase applications were down 30% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index was down about 2% from a month earlier. It was down 7% from a year earlier, the biggest decline since April. Google searches for "homes for sale" were down 7% from a month earlier during the week ending August 19, and down about 14% from a year earlier. Touring activity as of August 20 was up 2% from the start of the year, compared with a 6% decrease at the same time last year, according to home tour technology company ShowingTime. Editor's note: This report and press release excludes the national housing-market data we typically report on every week, including prices, pending sales and listings. An outage impacted several multiple listing services in various parts of the country during the second week of August; as a result, we are unable to accurately report on our typical housing-market metrics at this time. View the full report, including charts, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we've saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

Adwerx and Reliance Create Innovative Partnership for Real Estate Leaders
Brokerages and their agents can use the integration to target key audiences with personalized digital advertising Adwerx, an industry-leading localized digital advertising platform, in collaboration with Reliance, which powers many of the world's most prestigious luxury brands with designer websites, CRM and marketing solutions, announces a strategic partnership that provides cutting-edge marketing efficiency and impact for brokers. Through its industry-leading advertising automation platform, Adwerx provides real estate firms and their producers with digital ad campaigns that nurture existing relationships while boosting brand visibility in targeted markets. Personalized at scale for every agent at the firm, ads are targeted by location to consumers who have shown demonstrated interest in buying or selling real estate, or directly to the agent's CRM audience. Reliance specializes in the unique challenges of building and integrating business technology in the real estate industry. Its extensive catalog of products and services is purposely designed to help modern real estate brokerages and professionals realize the added financial, competitive and operational benefits afforded by specialized technology integration. This partnership amplifies the strengths of both companies by allowing real estate professionals to seamlessly integrate their database and websites developed with Reliance into their automated brand and nurture campaigns run through Adwerx, creating a comprehensive and powerful process of connecting with key audiences. "We already use both Reliance and Adwerx and have for many years," said Dan Mirsky, Chief Marketing Officer at HUNT Real Estate. "Both companies provide essential services for our brokerage and our agents' businesses. This new partnership is exciting because it offers a seamless way for our top sales professionals to advertise and grow their brand, tying in all the different components of their online presence." Both companies are actively working to automate advanced digital marketing campaign processes and build a seamless customer experience. As more of the world becomes digital, designing campaigns to reach consumers where they spend their time is becoming increasingly important. "At Reliance, we see Adwerx as our full-service, premium advertising solution for agents, teams, and brokers; one that allows our clients to have total turn-key advertising," said Sean McRae, CEO at Reliance. "Many of our clients are already using Adwerx, so our integration simplifies their workflow and saves them a ton of time. The decision to collaborate with Adwerx was easy and a benefit for our many mutual clients." "Combining the strengths of Reliance and Adwerx will create a marketing platform that is as powerful as it is easy to use," said Michael Collins, CEO of Adwerx. "Our process was already easy, and this integration means there is one less step for brokerage leaders to execute a broad range of data-driven marketing services." For more information on Adwerx please visit adwerx.com, and for Reliance visit reliancenetwork.com. About Adwerx Adwerx is an industry-leading digital advertising automation platform that provides personalized, hyper-targeted, and fully-automated digital advertising solutions for real estate and mortgage companies. Scalable for businesses of any size, Adwerx executes advertising with the power needed for large enterprises and the simplicity expected for an individual agent. As a trusted partner to thousands of real estate and mortgage firms and their top producers, Adwerx enables its customers to stay ahead of the competition by reaching new audiences and nurturing existing relationships. For more information about Adwerx and its suite of digital advertising solutions, visit www.adwerx.com. About Reliance Reliance is a privately owned and operated marketing and software engineering firm based in Lake Oswego, Ore. The company takes great pride in being 100% Made in America, providing meticulous design standards and exceptional reliability for our clientele's websites and marketing automation systems. Today Reliance powers more than 200 of real estate's top luxury and independent full-service brokerages across more than 400 MLS boards. Services span the United States, Canada, the Caribbean and resort communities in Mexico and Central America. Learn more about Reliance here: www.reliancenetwork.com.

Constellation Real Estate Group Acquires Showcase IDX, Expanding Portfolio of Industry Leaders in Real Estate Technology
The Constellation Real Estate Group enhances its suite of real estate software with a leader in WordPress IDX and property search technology. BELLEVUE, Wash., Aug. 16, 2023 -- The Constellation Real Estate Group ("CREG") and Romulus, a portfolio of vertical market software companies within the Perseus Operating Group of Constellation Software, Inc., announced today that it has acquired the Showcase IDX business ("Showcase IDX"). Showcase IDX offers a full suite of essential tools for real estate professionals, including state-of-the-art mapping IDX and property search tools, lead capture, a powerful CRM, and listing marketing functionality. Showcase IDX has steadily grown since it was founded in 2003, becoming a leader in the real estate technology space. Last year, more than 12 million consumers used its IDX search on agent and broker websites. The Showcase IDX WordPress plugin is a multifaceted IDX solution which fits alongside the other powerful products offered by the Constellation Real Estate Group, while also expanding its presence in an important space within the real estate technology marketplace—helping agents using the world's most popular website content management system to generate more business from their online presence. "Showcase IDX is a natural fit for us," said Robert Vickers, President, Agent Group at Constellation Real Estate Group. "They offer a host of strong, well-developed products that will allow us to better serve our customer base. We're happy to have their industry-leading technology as part of our portfolio. Showcase IDX has a similar vision to the 22 other brands in the Constellation Real Estate Group—delivering exceptional experiences for consumers and industry partners and building meaningful relationships. We'll continue to do that together, and this acquisition is certainly a value add for all involved. We're excited to work with Showcase IDX's employees and customers and to bring them in as part of the family." "We are so pleased to welcome Showcase IDX, its customers and its employees, to the Constellation Real Estate Group. This acquisition is another testament to our long-term approach to purchasing and nurturing leading real estate technology companies," remarked Andrew Binkley, President, Constellation Real Estate Group. Powering over 500,000 agents, brokerages, franchises, and MLSs across the U.S. and Canada, the Constellation Real Estate Group portfolio continues to offer the real estate industry's broadest set of technology solutions year after year. The terms of the deal were not disclosed. About Constellation Real Estate Group The Constellation Real Estate Group acquires and invests in real estate software companies that are committed to providing long-term solutions and partnerships with franchises, brokers, agents, MLSs, and associations. The Constellation Real Estate Group provides market-leading technology solutions designed specifically for the real estate industry through its portfolio of brands. For more information, visit ConstellationREG.com and CSIRomulus.com. About Showcase IDX Showcase IDX empowers real estate professionals to grow their businesses by providing innovative, cloud-based tools, including the leading IDX integration plugin for WordPress. Showcase IDX's state-of-art technology is trusted by thousands of agents from some of North America's most successful brokerages. For more information about Showcase IDX, visit ShowcaseIDX.com.

SERHANT. Chooses Constellation1 Data Services to Aid in Its Rapid National Expansion
Tech Partnership Promises to Help Fuel Growth by Delivering Data and Back End Services to Support Sales and to Scale Laguna Beach, CA (August 2, 2023) -- Constellation1, the preferred provider of real estate technology and data services, including robust listing aggregation and data normalization, along with compliance services, today announced that it was selected to support the strategic growth of SERHANT., a multidimensional real estate brokerage that sits at the intersection of media, entertainment, education and technology. Founded in 2020 in New York City, SERHANT. has quickly become one of the fastest growing and top-ranking tech-enabled real estate firms nationwide. Under the guidance of its Chief Technology Officer, Ryan Coyne, SERHANT.'s tech-forward approach has helped differentiate the brokerage as it continues to grow and expand into new markets nationwide. Under Coyne's vision and plan for how technology can assist the leading brokerage's expansion, SERHANT. evaluated various companies' offerings and the first company it spoke to referred SERHANT. to Constellation1. Ryan Coyne says, "In terms of value proposition, everything was there, due to Constellation1's 25+ years of MLS data expertise, well-established MLS relationships, and contract and compliance management experience." "We're excited to support SERHANT. in its continued growth," said Andrew Binkley, President of Constellation1. "It's impressive to see the dedication to technology and innovation that the SERHANT. team demonstrates. Access to industry-leading, normalized data will further support SERHANT.'s continued expansion, while delivering exceptional service to its agents and customers." "We've continued to invest in our center of data excellence and data services offerings," said Rick Herrera, Vice President, Research and Development, Data Services at Constellation1. "Partnerships like this one with SERHANT., solidify our investment and dedication to continuing to improve data delivery to the real estate industry." Constellation1 has secured its foothold as the leading provider of nationwide data services to the real estate industry. Recently, Inman named both Constellation1 and SERHANT. to the list of nominees for the 2023 Inman Innovator Awards. SERHANT. is nominated in the categories of Top Marketing or Branding Campaign and Top Video or Podcast, and Constellation1 is nominated in the category of Top Technology and Innovator of the Year for its President, Andrew Binkley. To learn more about SERHANT.'s growth and expansion with Constellation1 Data Services, read the full story here. About Constellation1 Constellation1 is a long term partner to the real estate industry and provides front office, back office and data services to real estate brokerages, franchises, associations, MLSs, and proptech companies across North America. Constellation1 is your source for real estate technology. Constellation1 is a division of Constellation Web Solutions Inc., and its subsidiaries, and is part of Constellation Real Estate Group. For more information, visit constellation1.com. About SERHANT. SERHANT. is a multidimensional real estate and media company designed for the marketplace of tomorrow. The company grew from the #1 ranked sales team in New York City into a full-service brokerage, digital education platform, and creative film studio that develops content for social, sharing and streaming. This model is revolutionizing the real estate industry and transcending in to the tech, media, education, entertainment industries. The SERHANT. real estate brokerage includes residential real estate and specialty divisions SERHANT. Signature, focused on high net-worth clientele and properties priced over $10 million USD, and SERHANT. New Development, focused on the sales and marketing of new construction projects, complete with ID Lab which forms the brand identity and marketing for developments. SERHANT. Studios, its full-service film studio and production division, concepts and distributes all content from social assets to the streaming channel LISTED on YouTube. SERHANT. Ventures, the education and innovation arm of the company, manages the global Sell It Like Serhant digital educational system which innovates and invests in EdTech. Today, SERHANT. operates in six states. SERHANT. was founded in September 2020 by top real estate broker and star of Bravo's Million Dollar Listing New York Ryan Serhant, with a commitment and vision to amplify the success of others: executives, brokers, developers, clients, global course members, and the industry as a whole. Learn more at https://www.serhant.com.

Computer Vision Leader Restb.ai Launches New Valuation Product Suite to Boost Appraisal Modernization
BARCELONA, Spain, Aug. 03, 2023 -- Leading computer vision and AI solutions provider Restb.ai will unveil its innovative Valuation Product Suite at the 20th Annual Valuation Expo, August 7-9, at the Mirage Hotel in Las Vegas. Restb.ai is leveraging its deep expertise in the use of computer vision in real estate to pioneer a valuation suite of solutions designed to expedite the modernization of property appraisals. With the introduction of the new GSE standards (PDR/PDC), requiring more detailed data for each property report, the efficient processing and handling of inspections is paramount. Restb.ai's latest venture dovetails with a significant shift by Fannie Mae, which now evaluates photos for condition and has been rejecting appraisals when comparables are used without the appropriate adjustments. "Restb.ai's computer vision solution empowers the appraisal industry with what it needs for this change by Fannie Mae," said Tony Pistilli, General Manager, Valuations for Restb.ai and one of the appraisal industry's most respected voices. "The new products we are launching for the appraisal industry are all about modernization," added Nathan Brannen, Chief Product Officer for Restb.ai. "Our AI solutions enable appraisers to more quickly analyze properties and markets so they can spend more time using their expertise to produce better valuations," he added. For example, Restb.ai's computer vision can automatically pre-populate and/or validate most required fields for appraisal reports. Its new Valuation Product Suite features an innovative product lineup designed explicitly for the appraisal industry. It encompasses advanced Restb.ai technology for Comparable Properties, Data Collection, Form Pre-Population/Validation, and Restb.ai's proprietary Appraisal Complexity Score. Key features of the suite include: Comparable Properties: The API delivers up to 200+ recently sold comparable properties when provided with a subject property address, distinguished by Restb.ai's proprietary image-based condition and quality analysis. Data Collection: A solution crafted for mobile data collection apps, enabling real-time image analysis and auto-populating of relevant features within the app. It is also capable of validating client-entered details with corresponding photos. Form Pre-Population/Validation: Restb.ai's APIs can pre-populate and/or validate common appraisal and inspection forms based on public records data, property data, and most importantly, the property photos included in the report. Appraisal Complexity Score: Prior to an appraiser being assigned, Restb.ai's complexity score provides instant clarity on the intricacy of a property based living areas and lot sizes, as well as image insights like its condition or unique style. Brannen, one of real estate's most experienced artificial intelligence veterans, also will speak at the Valuation Expo on Wednesday, August 9, at 8:30 am on the main stage about "Valuation Modernization." Learn more about Restb.ai's new Valuation Product Suite here. About Restb.ai Restb.ai, the leader in AI and computer vision for real estate, provides image recognition and data enrichment solutions for many of the industry's top brands and leading innovators. Its advanced AI-powered technology automatically analyzes property imagery to unlock visual insights at scale that empowers real estate companies with relevant and actionable property intelligence. Restb.ai is like having a real estate expert instantly research and provide a deep insight into each of the 1 million property photos uploaded daily.

Computer Vision leader Restb.ai named 2023 Innovation Award Finalist for Technology
BARCELONA, Spain, July 27, 2023 -- Restb.ai, a global leader in computer vision and artificial intelligence (AI) solutions for the real estate industry, today announced its selection as a 2023 Inman Innovator Award Finalist in the category honoring top Technology firms. "As a global firm now blanketing nearly the entire US MLS industry with advanced computer vision technology, it is especially rewarding because of the stellar reputation of these awards as they are to the real estate industry what the Oscars are to the movie business," said Xavi Hernando, Restb.ai CEO and co-founder. "Simply being nominated is a top honor and a powerful endorsement of our team and technology," he said. Since 1998, the Inman Innovator Awards have honored companies, individuals and new technology that increases productivity, efficiency and transparency for consumers and real estate professionals alike. According to Inman News, Inman Innovators include entrepreneurs "pushing the old ways aside, data scientists discovering new ways to examine behavior, marketers reimagining how to showcase properties, teams reinventing how to communicate with clients, companies building advanced technologies and brokerages and teams creating groundbreaking business models." Finalists for the Inman Innovator Awards were selected from among nearly 300 nominations. Winners will be honored at the upcoming Inman Connect Las Vegas on Thursday, August 10. The full list of finalists can be found on Inman's website. About Restb.ai Restb.ai, the leader in AI and computer vision for real estate, provides image recognition and data enrichment solutions for many of the industry's top brands and leading innovators. Its advanced AI-powered technology automatically analyzes property imagery to unlock visual insights at scale that empowers real estate companies with relevant and actionable property intelligence. Restb.ai is like having a real estate expert instantly research and provide a deep insight into each of the 1 million property photos uploaded daily.

Milestones Shannon Baldwin and Rivers Pearce Shine as Marketing Leaders: HousingWire 2023 Honors Awarded
AUSTIN, Tex. – July 12, 2023 – Milestones Labs (Milestones), the all-in-one homeowner portal making it easier for consumers to buy, move, own, sell, manage and access mortgage services for their home, is thrilled to announce that Milestones marketing leaders Shannon Baldwin and Rivers Pearce have been recognized as marketing leaders in the prestigious HousingWire 2023 Awards. HousingWire, a trusted source of news and information for the mortgage and real estate industries, honors individuals who demonstrate exceptional marketing prowess and make significant contributions to the industry. This year, Shannon Baldwin and Rivers Pearce have stood out among a pool of highly talented real estate marketing professionals, securing their well-deserved spots on the esteemed list of award recipients. Shannon Baldwin, Vice President of Marketing at Milestones, has showcased remarkable skills in leveraging emerging digital platforms and technologies to create engaging and memorable marketing experiences. Her exceptional leadership and ability to drive results will be instrumental in the success of numerous campaigns, propelling Milestones and its clients to new heights. Rivers Pearce, Chief Evangelist at Milestones, has consistently demonstrated his expertise and creativity in crafting impactful marketing strategies for the company's clients. His innovative ideas and keen understanding of market trends have consistently helped Milestones stay ahead of the curve and exceed client expectations. The HousingWire 2023 Marketing Leaders awards are a testament to the outstanding contributions made by Shannon Baldwin and Rivers Pearce to the marketing landscape within the mortgage and real estate industries. Their dedication, passion, and ability to deliver exceptional results have not only elevated their own careers but have also strengthened Milestones' reputation as a premier homeowner portal in the real estate industry. "We are immensely proud of Shannon and Rivers for their remarkable achievements and well-deserved recognition," said Dustin Gray, CEO of Milestones. "Their commitment to excellence and their ability to consistently deliver outstanding results are an inspiration to us all. This recognition by HousingWire underscores their exceptional talents and the value they bring to our clients and our organization." As marketing leaders at Milestones, Shannon Baldwin and Rivers Pearce have played pivotal roles in driving innovation, fostering client relationships, and achieving measurable results. Their contributions will continue to prepare Milestones to become a leading force in the homeowner management sector of real estate. Watch this introductory video to Milestones by CEO, Dustin Gray: About Milestones Milestones is dedicated to helping real estate industry professionals break free from the transaction mindset by focusing on Homeowner Management. The integrated and open platform creates private client portals to stay connected and deliver ongoing personalized value — regardless of whether customers are buying, moving, owning, or selling. Instant access to verified trusted service partners ensures that clients never have to worry during any life event. The payoff from staying connected and helping customers solve problems: Fiercely loyal customers for life. Learn more at Milestones.ai.

Rainbows, Stars and Stripes: How 13 Different Flags Impact Where Homebuyers Want to Live
Redfin reports nearly 1 in 3 surveyed homebuyers said seeing a rainbow flag in their neighborhood would make them more likely to make an offer. Roughly half of respondents would be less likely to make an offer if they saw a Confederate flag. SEATTLE — Nearly one-third (29.5%) of U.S. homebuyers said that seeing a rainbow flag in a neighborhood would make them more likely to make an offer on a home there, according to a new survey from Redfin, the technology-powered real estate brokerage. But respondents were divided: 22.3% of buyers said the presence of a rainbow (LGBTQ+ pride) flag would make them less likely to submit an offer, and roughly half (48.2%) said it would have no impact on their decision. That's according to a Redfin-commissioned survey conducted by Qualtrics in May and June 2023. The survey was fielded to 5,079 U.S. residents. This report focuses on the 1,256 respondents who indicated that they're likely to buy a home in the next year, who we refer to as "homebuyers" and "buyers" throughout this report. The following question was posed to respondents: "Imagine you were touring a home and you were able to afford the down payment and mortgage payments. If you saw each of the following on or around one of the neighbor's homes, how would that impact your likelihood of making an offer on that home?" Participants were asked about 13 different flags, the rest of which will be discussed further down in the report. Results differed widely by political preference and age, with younger people and Democrats most likely to indicate that they prefer to live in a LGBTQ+ friendly area. Roughly two of every five (41.4%) homebuyers who identified as Democrat said they'd be more likely to make an offer on a home in a neighborhood where they saw a rainbow flag. Meanwhile, more than one-third (34.6%) of Republican buyers said seeing a rainbow flag would make them less likely to make an offer. Nearly two of every five (37.9%) Gen Z respondents said they'd be more likely to make an offer on a home in a neighborhood where they saw a rainbow flag—a higher share than any other generation surveyed. That compares with 30.9% of Millennials, 19.7% of Gen Xers and 17.7% of Baby Boomers. "In today's divided nation, living amongst likeminded people could be considered a neighborhood amenity, just like highly rated schools and walkability," said Redfin Chief Economist Daryl Fairweather. "Remote work has allowed scores of people to move to new areas and deprioritize proximity to the office. Oftentimes, that means homebuyers self-sort into areas where their neighbors think and vote like them." A record 25.2% of Redfin.com users nationwide looked to move out of their current metro area during the three months ending April 30, up from 22.8% a year earlier and roughly 19% just before the pandemic. Many buyers are leaving their hometowns for more affordable areas—especially as mortgage rates rise. Homebuyers were most put off by the idea of Confederate flags in their neighborhood. Roughly half (47.7%) said seeing a Confederate flag in a neighborhood would make them less likely to make an offer on a home there—the highest "less likely" share among the 13 flags respondents were asked about. Next came pro-life flags (31.1%) and anti-gun flags (27.5%). Buyers were most drawn to American flags. More than two in five (44.8%) said seeing an American flag in a neighborhood would make them more likely to make an offer on a home there—the highest "more likely" share among the flags respondents were asked about. It was followed by Black Lives Matter flags (35.7%) and pro-choice flags (34.8%). Homebuyers were most divided on Gadsden ("don't tread on me") flags: 25.6% said seeing one would make them more likely to make an offer, while roughly the same share (26.8%) said it would make them less likely to make an offer. Respondents were also divided when asked about anti-gun flags (29.7% vs 27.5%) and Second Amendment flags (30.3% vs 27.3%). View the full report, including charts, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we've saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

The Spring 2023 Homebuying Season Never Happened
Near-7% mortgage rates are preventing both would-be homebuyers and would-be sellers from entering the market. Construction of new single-family homes is near its highest level in almost two decades, providing some hope for an uptick in inventory by next year. SEATTLE — As spring turns into summer, it's official: The traditionally hot spring homebuying season didn't come to fruition in 2023. That's according to a new report from Redfin, the technology-powered real estate brokerage. This year, instead of the calendar determining the homebuying season, the Federal Reserve is dictating when people buy and sell. And so far, the Fed's actions are suggesting they wait. Pending home sales fell 16% from a year earlier during the four weeks ending June 18. But even though sales are relatively tepid, Redfin's Homebuyer Demand Index—a measure of requests for tours and other early-stage buying services from Redfin agents—is up 11% year over year. Additionally, there are more house hunters than there are homes hitting the market. New listings of homes for sale are down 24% from a year ago, and the total number of homes for sale is down 8%, the biggest drop in over a year. Elevated mortgage rates are responsible for the drops on both the demand and supply sides. With average rates sitting above 6% all spring, pushing the typical U.S. monthly housing payment up near record highs, many would-be buyers are sitting on the sidelines, waiting for rates to come down. And the buyers who are out there are having a hard time finding listings, with many prospective sellers staying put, hanging onto their relatively low rates: Nearly all homeowners with a mortgage have a rate below 6%. The continuing inventory shortage is bolstering home prices. The median U.S. home-sale price dropped just 1% year over year this week, the smallest decline in more than three months. On a local level, prices have started leveling off: They fell in 25 of the 50 most populous metros, compared with 29 a month ago. In San Jose, CA, for instance, the median sale price is up roughly 2% year over year, marking the first increase after eight straight months of declines. "There are two things that would jumpstart the housing market: A big drop in mortgage rates and/or a big surge of new listings," said Redfin Deputy Chief Economist Taylor Marr. "Neither of those things happened this spring; instead, rates rose and new listings dropped to record lows. And with one or two more interest-rate hikes expected this year, mortgage rates are likely to remain elevated at least through the summer, continuing to limit both demand and supply." "But even though there wasn't much of a spring homebuying season this year, there was a spring building season," Marr continued. "That means there's hope for more listings somewhat soon, with homebuilders working to fill the inventory bucket. Builders broke ground on more single-family homes in May than almost any month in nearly two decades, which could expand buyers' options by the end of the year." Leading indicators of homebuying activity: The daily average 30-year fixed mortgage rate was 6.9% on June 21, down from a half-year high of 7.14% a month earlier. For the week ending June 15, the average 30-year fixed mortgage rate was 6.69%, down slightly from 6.71% the week before but still close to the highest rate since November. Mortgage-purchase applications during the week ending June 16 rose 2% from a week earlier, seasonally adjusted, marking the second straight week of increases. Purchase applications were down 32% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index was down slightly from a week earlier during the week ending June 18. It was up 11% from a year earlier, the fourth consecutive annual increase. Demand was dropping at this time in 2022 as mortgage rates rose. Google searches for "homes for sale" were up 13% from a month earlier during the week ending June 17, and down about 11% from a year earlier. Touring activity as of June 18 was up 14% from the start of the year, compared with a 4% decrease at the same time last year, according to home tour technology company ShowingTime. Tours increased slowly during this time last year as mortgage rates shot up. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending June 18. Redfin's weekly housing market data goes back through 2015. For bullets that include metro-level breakdowns, Redfin analyzed the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. The median home sale price was $382,861, down 1% from a year earlier, the smallest decline in more than three months. Price declines have been shrinking for the last two months. Home-sale prices declined in 25 metros, with the biggest drops in Austin, TX (-11% YoY), Las Vegas (-9.1%), Detroit (-8%), Los Angeles (-7.1%) and Phoenix (-6.8%). Sale prices increased most in Fort Lauderdale, FL (8.6%), Miami (8.5%), Providence, RI (5.5%), Milwaukee (5.2%) and Virginia Beach, VA (5.1%). The median asking price of newly listed homes was $397,225 up 0.3% from a year earlier. The monthly mortgage payment on the median-asking-price home was $2,628 at a 6.69% mortgage rate, the average for the week ending June 15. That's down slightly from the record high hit three weeks earlier, but up 8% ($190) from a year earlier. Pending home sales were down 15.7% year over year, continuing a 13-month streak of double-digit declines. Pending home sales fell in all metros Redfin analyzed. They declined most in Milwaukee (-28% YoY), Providence (-26.3%), Seattle (-25.6%), Portland, OR (-24.8%) and San Diego (-23.4%). New listings of homes for sale fell 24% year over year, roughly on par with the declines over the last two months. New listings declined in all metros Redfin analyzed. They fell most in Las Vegas (-42.3% YoY), Phoenix (-42%), Oakland, CA (-38.8%), Seattle (-37.4%) and San Diego (-36.2%). Active listings (the number of homes listed for sale at any point during the period) dropped 8.1% from a year earlier, the biggest drop in over a year. Active listings were up slightly from a month earlier; typically, they post month-over-month increases at this time of year. Months of supply—a measure of the balance between supply and demand, calculated by the number of months it would take for the current inventory to sell at the current sales pace—was 2.5 months, the lowest level in nearly a year. Four to five months of supply is considered balanced, with a lower number indicating seller's market conditions. 32.9% of homes that went under contract had an accepted offer within the first two weeks on the market, down from 36% a year earlier. Homes that sold were on the market for a median of 27 days, the shortest span since August. That's up from a near-record low of 19 days a year earlier. 36.3% of homes sold above their final list price. That's the highest share since last August but is down from 53% a year earlier. On average, 5.3% of homes for sale each week had a price drop, up from 4.8% a year earlier. The average sale-to-list price ratio, which measures how close homes are selling to their final asking prices, was 100%. That means homes are selling for exactly their asking price, on average, for the first time in 10 months. That's down from 102.2% a year earlier. View the full report, including charts, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we've saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

LeadingRE Welcomes DirectOffer to Solutions Group Program
DirectOffer provides multilingual audio sound bites paired with listing photos. CHICAGO – (June 12, 2023) – Leading Real Estate Companies of the World® adds DirectOffer to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. DirectOffer presents audio marketing to the current visual realm of real estate listings. Audio tours are a compelling marketing tool for listings, while producing strong lead generation for brokers and agents. "DirectOffer has revolutionized marketing and lead generation in the real estate industry. By combining audio sound bites with captivating listing photos, these tours create a powerful and immersive experience for potential buyers. Additionally, by providing automated multi-language support and closed captioning, DirectOffer enhances accessibility and ensures strong ADA and DEI compliance," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. "LeadingRE is a recognized leader in both the national and international real estate world. We are excited to be aligning with LeadingRE and its member brokerage companies," states Katie Lappe, Founder and CEO of DirectOffer. Learn more about DirectOffer at directoffer.com. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About DirectOffer DirectOffer, Inc. patented DO AudioTours™ is a marketing and lead generation tool providing brokers and their agents audio sound bites paired with the agent's listing photos. The Audio Tours include automated multi-language and closed captioning; all providing for strong ADA and DEI benefits and compliance. Audio Tours add audio marketing to the current visual realm; it is a strong marketing tool for listings while providing referral-free (my-listing-my-lead) lead generation for brokers and agents. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

eXp Realty Names Chime as Trusted eXp Solution Provider
Fast-growing brokerage adds Chime as preferred CRM PHOENIX, June 07, 2023 -- Chime Technologies, an award-winning real estate tech innovator, today announced it has been named a Trusted Solution Provider for eXp Realty, "the most agent-centric real estate brokerage on the planet™". With a global community of more than 88,000 agents, eXp Realty is committed to empowering real estate professionals with cutting-edge technology, purpose-built to help agents work smarter, not harder. In this spirit, eXp will now add Chime's award-winning CRM as a trusted solution, proven to help real estate professionals close more deals faster. Powered by intuitive AI and featuring a breadth of unique features from IDX to Chime's Smart Plans to social media marketing, Chime was identified as a market-leading innovator, ideally positioned to support the growing needs of eXp Realty. To learn more visit HERE. A visionary in the real estate industry, eXp Realty is a cloud-based brokerage powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive no matter where they are located. As a result, eXp Realty agents keenly understand the power of innovative technology tools to streamline and automate time-consuming tasks, increase productivity, and grow their business more effectively. Innately powered by AI and featuring essential time-saving automation, Chime is widely recognized as a powerful lead conversion platform trusted by more than 40,000 agents nationwide. Chime's innovative CRM drives exceptional results, making it a powerful tool for brokerages like eXp seeking to recruit and retain top talent. With new features unveiled monthly, eXp Realty agents can feel confident they have access to the most cutting-edge technology needed to be successful and its easy-to-use interface ensures agents are up and running quickly. "Today's agents are under intense pressure, from shifting market conditions to increased industry competition, making their day-to-day jobs harder than ever," said Joe Daee, Vice President, Global Enterprise Sales, Chime. "Since our inception, we have been razor-focused on serving the unique needs of the real estate industry and consistently invest in our suite of products to support this community. We are thrilled to extend our relationship with eXp and empower even more agents to focus on doing what they do best – service their clients." To learn more, visit HERE. About Chime Technologies Chime is an all-in-one sales acceleration platform for the real estate industry headquartered in Phoenix. Its award-winning productivity suite offers a robust set of features that help real estate professionals and teams of all sizes run and grow their business. Chime Technologies operates as a U.S. subsidiary of Renren, Inc. (RENN). For more information, contact [email protected] or 888-682-4463, or visit www.chime.me.

Rent. Launches Integrated Tour Scheduling, Radically Simplifying the Renter Journey
RentMarketplace. Empowers Renters to Easily Schedule and Confirm Tours Directly from Listings ATLANTA -- Rent., a leading provider of integrated marketing solutions to the multi- and single-family rental industries, today announced another transformative addition to its RentMarketplace. listings product. The Tour Calendar feature debuts today across four major listings sites within the Rent. network: Rent.com, ApartmentGuide.com, Rentals.com and Redfin.com. This new feature allows prospective renters to schedule and automatically confirm tours at their convenience, based on predetermined tour availability as set by the property team. This means they no longer have to worry about coordinating with busy leasing teams. Finding the perfect place can be a challenge, but RentMarketplace. is here to make the process easy and convenient for both renters and its property management clients. According to extensive data collected by Rent., almost 90% of renters prefer to tour a community before signing a lease. With the Tour Calendar feature, prospective renters can easily schedule tours at a time that suits their busy lifestyle. This represents the third major upgrade to the RentMarketplace. network in two months, following the recent launch of Google Aerial View on listings and the announcement of a strategic agreement with Realtor.com® in April, vastly increasing the reach and potential exposure of Rent. listings to 350M+ monthly website visits. "Tours are a critical driver of securing leases and some Rent. clients with tour capabilities see up to 5x more high-quality leads than clients without tour capabilities," said Rent. CEO Jon Ziglar. "Our new Tour Calendar solution provides properties, regardless of size, the ability to seamlessly capture qualified leads and improve conversion." The Tour Calendar feature greatly benefits property management teams, who are frequently overburdened with the critical tasks of day-to-day operations. The Tour Calendar seamlessly connects a live calendar of tour availability to a property's listing and the leasing teams' email, facilitating better communication and vastly improving the renter experience, all from a single dashboard. This means that leasing teams can spend more time on strategic priorities and avoid unnecessary administrative back-and-forth on rental inquiries. "At Rent. our focus is not only on generating quality leads for our clients. The end goal has to be leases. And, as such, every new enhancement to our listing products is optimized for lead-to-lease conversion," said Nishant Phadnis, Chief Product Officer at Rent. "Making the tour booking process straightforward is crucial to getting leases signed, and it could also bring a boost to your reputation. New residents love to share in reviews how effortless renting was for them." The Tour Calendar feature is now available exclusively for all current and new RentMarketplace. packages at no additional cost. RentMarketplace. is also compatible with leading tour calendar platforms, including AnyoneHome, Entrata, Funnel, MaxLeases, Knock, and Rently. The RentMarketplace. Tour Calendar will be showcased at the Rent. booth during the NAA Apartmentalize conference, taking place in Atlanta, June 7-9, 2023, where clients and prospects can activate the Tour Calendar real-time and explore its features. RentMarketplace Tour Calendar is the latest feature to enhance the listing experience and offer renters easy ways to discover and experience a listed property. It joins features such as Google Aerial View, Places Nearby, Walk Score®, Transit Score® and Profile Sync with Google Business Profile. 2023 has been a year of frequent innovation on the Rent. platform. The company also recently launched the multifamily industry's only automated solution for TikTok advertising and is the first and only rental marketplace network to provide access to two of the country's largest real estate sites, Redfin.com and Realtor.com. About Rent. Rent. is a two-sided marketing platform that simplifies the entire renter experience by matching the right property with the right renter, at the right time. Through the Rent. network of websites, mobile apps and partnerships, Rent. clients can reach over 350 million site visits per month. In addition, Rent. services the property side of the market with scaled marketing solutions such as search engine marketing, lead nurturing through chatbots and client automation tools, and reputation management through ratings and reviews, as well as social media monitoring and marketing. This, paired with advanced search filtering and an optimized consumer app and site experience, enables Rent. to offer renters an ideal home-finding experience. Rent. exists to help people find the perfect place. Rent. is operated by Rent Group Inc., a subsidiary of Redfin Corporation.

LeadingRE Adds Tongo to Solutions Group Program
Tongo provides a private, flexible business line of credit for agents. CHICAGO – (May 24, 2023) – Leading Real Estate Companies of the World® welcomes Tongo to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Tongo specializes in developing liquidity-focused products that assist agents in stabilizing their cash flow. Agents can use this liquidity as working capital, such as funding to invest in staging and marketing homes. Tongo can also be used to bridge financial gaps between closings. "Tongo's innovative products provide agents with the flexibility required to seize opportunities, invest in their businesses, and achieve financial continuity, paving the way for financial success," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. "It's important that we align ourselves with companies that hold the utmost level of integrity and professionalism. After working with hundreds of brokerages over the years, I can tell you that LeadingRE and its members are exactly that. Those who are part of the network truly reflect why they are considered as the best in the business. Our team couldn't be more excited to be working closely with the brokers and agents who are at the forefront of the industry," explained Brandon Wright, CEO of Tongo. Learn more about Tongo at gettongo.com/LeadingRE. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About Tongo Tongo is a unique financial platform that caters to the specific needs of real estate professionals, providing a low-friction, low-priced, and private solution to align their income and expenses. By addressing the challenges of cyclical, delayed, and volatile income, Tongo empowers professionals to invest in growth and stabilize their personal cash flows between closings. With our innovative product, a line of credit based on future income, agents can freely invest in their businesses and choose when to pay themselves, ensuring greater flexibility and financial control. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

LeadingRE Welcomes CRM Innovator Chime to Solutions Group Program
CHICAGO – (May 15, 2023) – Leading Real Estate Companies of the World® has added Chime, an award-winning real estate technology innovator, to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Featuring a powerhouse CRM system underpinned by AI-driven applications and innovative tools like the automated social media marketing offering, Social Studio, the Chime platform is known for its ease of adoption. Built from the ground up to help drive more leads to close, the all-in-one solution ensures no matter how many years agents have been in the business or their level of technical skill, they can easily start using Chime to generate results. Users can manage lead generation through PPC, SEO, and Facebook with direct feeds for both short- and long-term nurturing. The platform also includes: A personalized IDX website; Google-based AI Assistant that interacts with your leads while you sleep; Automated email and text communications via Smart Plans; Fully branded and customizable Comparative Market Analysis reports; AI-based smart lists for lead nurturing and more. "We are thrilled to align with Chime for the Solutions Group program. Chime offers an intuitive, powerful platform. Chime's CRM is ever-evolving, adopting the latest features in technology," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. "Technology has become a 'must have' for real estate firms across the country as they look to drive new opportunities and streamline operations. Influential organizations like LeadingRE are paving the way as they encourage their members to adopt innovations that can drive real business growth," notes Joe Daee, Vice President, Enterprise Sales at Chime. "We are thrilled to be a trusted provider for their organization and look forward to expanding our relationship." Learn more about Chime at learn.chime.me/partners/leadingre. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About Chime Chime is an all-in-one Sales Acceleration Platform for the real estate industry. Their award-winning productivity suite offers a robust set of features that help real estate professionals and teams of all sizes run and grow their business. Chime Technologies operates as a US subsidiary of Renren, Inc. (RENN). For more information, contact [email protected] or 888-682-4463, or visit chime.me. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

Realty Connect Expands and Enlists Happy Grasshopper to Power Agent Communication
Now licensed in 29 states, Realty Connect offers their agents a White Label version of Happy Grasshopper's platform TAMPA, Fla. - PrZen -- Realty Connect, an innovative real estate brokerage for "referral only" agents, announces their licensing in 29 states (only one to do so) and integration with HappyGrasshopper, the #1 content platform for agents and brokerages, to nurture their database and content. As the market shifts, many agents and brokerage models are being put to the test in a challenging market. During this time, an alternative brokerage has experienced significant growth in the last year and has aligned their strengths with Happy Grasshopper to serve their 3,200 agents. Realty Connect is a "referral only" brokerage that provides non-practicing agents a place to hang their license and maintain the ability to generate income. Although Realty Connect agents hold active real estate licenses, they do not engage in helping clients buy or sell a home personally. They simply refer their clients into our nationwide network of over 50,000 top-rated agents, who represent the client and conduct the entire transaction. In exchange, Realty Connect agents typically earn 25%-75% referral fees. "When I originally started the expansion process, I started in Virginia and expanded to Maryland, North Carolina and Georgia," said Dana Jensen, CEO of Realty Connect. "After I was able to prove the model, I wanted to focus my efforts on growth in a few key states like Texas, Florida and California, as those three states alone represent almost 40 percent of all agents in the US. Once I had all 6 states and about 50 percent of agents covered, my next expansion plan gave priority to states that had the most licensed agents. Right now, we're up to 29 states, so we still have a few more to go." Every Realty Connect agent will receive a Happy Grasshopper White Label Version of their platform. This will allow agents to generate even more referral opportunities through Realty Connect. Happy Grasshopper gives Realty Connect agents the ability to nurture their database, with an emphasis on email and ringless voicemail drops. "I couldn't be more excited about the opportunity to power agent communication for Realty Connect agents. I've known Dana for a couple years and mentoring alongside him has been a great opportunity for both of us. This integration between our companies is to help agents be able to connect with their clients in meaningful ways, which will lead to even more referral opportunities. It's all about cultivating relationships, and I'm honored to be a part of that process," said Dan Stewart, CEO of Happy Grasshopper. About Happy Grasshopper Happy Grasshopper is a technology-leveraged marketing company that creates and delivers content that fosters conversations with prospects, customers, and others through a variety of media (email, text, ringless voicemail drops, handwritten cards, and social media posts!). For more information, visit happygrasshopper.com. Realty Connect Realty Connect is an innovative brokerage for "referral only" agents. Their model allows agents to keep their license Active for only $100 a year without having to pay MLS fees, Association dues or Realtor expenses. Although Realty Connect agents hold Active licenses, they do not engage in helping clients buy or sell a home personally. Rather, when they know someone who would like to buy or sell a home, they simply refer that client to another agent that represents the client and handles all details of that transaction. In exchange, Realty Connect agents can earn 25%-75% referral fees by helping friends, family and people they know connect with top local agents in all 50 states. To learn more, please visit www.RealtyConnect.com.

Redfin Reports Home Prices Fell 3% in March–Biggest Annual Drop in Over a Decade
Pending home sales dipped to the lowest level since the start of the pandemic as elevated mortgage rates curtailed buyer demand and a lack of homes for sale limited purchases SEATTLE — The median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012, according to a new report from Redfin, the technology-powered real estate brokerage. Pandemic boomtowns and pricey Bay Area markets led the price declines in March. In Boise, ID, prices fell 15.4% from a year earlier, more than any other U.S. metro area Redfin analyzed. Next came Austin, TX (-13.7%), Sacramento, CA (-11.9%), San Jose, CA (-10.5%) and Oakland, CA (-9.7%). Boise also saw the largest drop in pending home sales, with a 78.8% year-over-year decline. Nationwide, pending sales fell 26.6% on a seasonally-adjusted basis to the lowest level since the onset of the pandemic (April 2020). "I was consistently busy in the fall, but things got really quiet in March after the collapse of Silicon Valley Bank," said Boise Redfin real estate agent Shauna Pendleton. "That killed the buyer momentum that had been building and brought us right back to where we were last year when mortgage rates shot up. There's this fear that everything will crash. There are bank failures, inflation, recession fears, mortgage-rate volatility, a war in Ukraine, spy balloons—some people are wondering if they should pull their money out of the bank and park it in a safe rather than spend it on a new home." Pendleton continued: "The irony is that it's actually a pretty good time to buy in Boise. The dropoff in homebuyer demand means that prices are falling and many sellers—especially homebuilders—are offering concessions. It's not uncommon for a buyer to get a home for less than the list price." Pandemic boomtowns and expensive coastal markets are seeing their housing markets slow quickly because home prices overheated in recent years and are now coming back down to earth after many buyers were priced out. Prices in Boise, for example, surged a record 40.9% in May 2021 as low mortgage rates, remote work and relatively affordable housing brought in scores of homebuyers from more expensive parts of the country. That compares with a national record increase of 26% the same month. Redfin's records date back to 2012. Markets that didn't heat up as much in recent years are holding up relatively well. Pending sales fell the least in Fort Worth, TX, Dallas, Indianapolis, Cincinnati, and Buffalo, NY. And prices rose more than 10% year over year in March in Milwaukee, El Paso, TX, Omaha, NE, Camden, NJ and Knoxville, TN—the biggest gainers in the country. When nationwide price growth hit a record 26% in May 2021, Milwaukee prices were up just 12.5%—meaning they had less room to fall. In Nashville, the housing market has slowed from its pandemic peak, but demand is stable, according to local Redfin real estate agent Jennifer Bowers. Prices are up about 1% from a year ago and pending sales are down slightly less than the country as a whole. "Nashville's housing market is steady," Bowers said. "We're still seeing a lot of folks move in from Chicago, Texas, California and Colorado—places people haven't historically come to Nashville from. Some are moving in for political reasons, some for our low taxes, and many for our relatively affordable home prices. Prices are high in the eyes of many locals, but we're still pretty affordable compared to a lot of parts of the country. We also have a solid job market and a lot of newly-built houses coming on the market, which is supporting home sales." There Aren't Enough Homes for Sale Even Though Fewer People Are Buying Elevated mortgage rates are prompting both buyers and sellers to stay put. New listings fell 23.3% year over year in March to the lowest level on record aside from the start of the pandemic on a seasonally-adjusted basis. Many homeowners are hesitant to sell because moving would mean taking on a higher mortgage rate when they buy their next home. The average 30-year-fixed mortgage rate was 6.54% in March, up from 4.17% a year earlier. Others are staying put because they already bought their dream home in recent years or fear they won't be able to find another home they like given the shortage of listings. A lack of homes on the market is contributing to the decline in sales, preventing home prices from falling further and leading to bidding wars in some markets. More than two of every five (44.3%) home offers written by Redfin agents faced competition in March. The bidding-war rate has hovered around that level for the past five months following nearly a year of month-over-month declines. "Low inventory is driving the market and causing bidding wars to intensify. I have two listings that have each received around 10 offers in the past few weeks," said Dan Close, a Redfin real estate agent in Chicago. "Buyers' agents are trying so hard to find homes for their clients that they're calling me before my listings even hit the market. I did a consult with a seller recently and before we had anything in ink, three brokers phoned to say they'd heard about the home through word of mouth and wanted to know more. We had two above-asking offers on the $2 million home within 24 hours. There weren't even any photos online yet." "One of my sellers recently got multiple offers on their home, but pulled the listing off the market when they found out their interest rate was going to double," said Bowers, the Nashville agent. "There are a lot of homeowners who don't want to give up their 2.5% or 3% rate for a 6.5% rate. Both buyers and sellers are having a tough time adjusting because rates are swinging up and down so quickly." Roughly 55,000 home-purchase agreements were canceled in March, equal to 14.8% of homes that went under contract. That's down from the 2022 peak of 16.8% in October, but up from 11.2% a year earlier. "This year's spring homebuying season is lackluster," said Redfin Chief Economist Daryl Fairweather. "There are some signs of the typical seasonal uptick—homes are selling faster than they were in the winter—but that's partly because there are so few new listings. Normally we see homebuyers come out in throngs at this time of year, which isn't happening." March Highlights Metro-Level Highlights: March 2023 Pending sales: In Boise, pending sales fell 78.8% year over year, more than any other metro Redfin analyzed. It was followed by Baton Rouge, LA (-66.3%), Allentown, PA (-60.8%), Honolulu (-56.6%) and Greensboro, NC (-53.4%). The smallest declines were in Fort Worth (-2.6%), Dallas (-4.3%), Indianapolis (-5.3%), Cincinnati (-8.7%) and Buffalo (-12.2%). Closed sales: In San Jose, closed sales dropped 39.1% year over year. The next biggest declines were in San Francisco (-39%), Oakland (-38.7%), New York (-37.2%) and Portland, OR (-36.9%). Closed sales fell the least in North Port, FL (-3.4%), Dallas (-3.5%), Indianapolis (-5.2%), Grand Rapids, MI (-5.6%) and Forth Worth (-7.8%). Prices: Median sale prices fell from a year earlier in 37 metros. The biggest declines were in Boise (-15.4%), Austin (-13.7%), Sacramento (-11.9%), San Jose (-10.5%) and Oakland (-9.7%). The biggest increases were in Milwaukee (11.7%), El Paso (11.1%), Omaha (10.7%), Camden (10.2%) and Knoxville (10.2%) Listings: New listings fell the most from a year earlier in Allentown (-57.1%), Boise (-55.2%), Stockton, CA (-46.8%), Greensboro (-46.5%) and Sacramento (-44.8%). They rose in just one metro—Charlotte, NC (4.3%)—and fell least in North Port (-0.2%), McAllen, TX (-2.3%) Austin (-3%) and Fort Worth (-4.1%). Supply: Active listings rose most from a year earlier in North Port (90.7%), Austin (65.8%), Nashville (58.7%), Fort Worth (54.3%) and New Orleans (50.6%). They fell most in Allentown (-41.7%), Cincinnati (-34.8%), Greensboro (-34.3%), Lake County, IL (-29%) and Milwaukee (-28.1%). Competition: In Las Vegas, 26.5% of home offers written by Redfin agents faced competition, down from 74.8% a year earlier. That 48.4-percentage-point decline is the largest decline among the metros Redfin analyzed. Next came Olympia, WA (-40.7 ppts), Colorado Springs, CO (-40.4 ppts), San Antonio (-36.7 ppts) and Phoenix (-33.9 ppts). Competition rose in just one metro Redfin analyzed: Worcester, MA (4.5 ppts). It fell the least in Washington, D.C. (-4.1 ppts) Detroit (-5.6 ppts), Atlanta (-5.8 ppts) and Baltimore (-7.2 ppts). View the full report, including charts, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

LeadingRE Adds New American Funding to Solutions Group Program
NAF helps brokerages develop sustainable revenue streams while helping people achieve homeownership. CHICAGO – (March 13, 2023) – Leading Real Estate Companies of the World® welcomes New American Funding (NAF) to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. NAF offers a range of specialized joint venture models tailored to the unique needs and sizes of their partners. NAF is one of the nation's top mortgage lenders and takes pride in being the largest woman-owned and Hispanic-owned mortgage company in the country. NAF is an industry leader in serving underserved communities, originating billions in loans each year and servicing 95% of them. This model allows NAF to help brokerages diversify revenue streams, build customer loyalty, and successfully adapt to any market. With an extensive range of loan programs, competitive rates, and industry-leading turn times, NAF helps brokerages cater to the diverse needs of clients, while increasing homeownership among underserved communities. "NAF is a company that values diversity and inclusivity, and it shows in their commitment to providing a wide range of loan programs and their dedication to serving underserved communities. With a strong focus on customer service and a management team with decades of experience, NAF is a top choice for anyone seeking a reliable and trustworthy mortgage lender," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. Learn more about New American Funding at www.newamericanfunding.com. Learn more about Leading Real Estate Companies of the World® at www.LeadingRE.com. About New American Funding New American Funding is an independent mortgage lender with a servicing portfolio of 244,700+ loans for approximately $64.5 billion and more than 165 nationwide locations. In 2022, New American Funding was ranked #1 by J.D. Power in Customer Satisfaction among Mortgage Servicers. The company was also named #18 on the Fortune 100 Best Companies to Work For® in 2022. The company offers state-of-the-art career training and provides its branch Loan Officers with innovative technologies to streamline the mortgage process. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® is a global network of top independent real estate firms, with 550 companies and 136,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.

Rent. Group, Inc. Greatly Expands the Reach of Its Client Listings to 350M+ Monthly Visits with New Strategic Agreement with Realtor.com
ATLANTA & SANTA CLARA, Calif. -- Rent., a leading provider of integrated marketing solutions to the multifamily and single-family rentals industry, and Realtor.com®, today announced a rental content listing distribution agreement. RentMarketplace. listings now will be distributed to the large Realtor.com® audience in addition to the current exposure on the Rent. family of sites: Rent.com, ApartmentGuide.com, Rentals.com and Redfin.com. A first in the industry, RentMarketplace. is the only listing network providing multi-family properties access to two of the nation's largest real estate listing sites: Redfin.com and Realtor.com®. "At Rent., we are committed to simplifying the rental experience by connecting the right people with the right properties. In teaming up with Realtor.com®, we have significantly expanded the reach of our clients' listings," said Jon Ziglar, CEO of Rent. "RentMarketplace. is the only multi-family listing network to cover two of the largest real estate networks in the country, which brings incredible value to our partners and makes it easier for properties to connect with their next renter." The rental listing data provided by Rent. complements Realtor.com®'s current rental content derived from direct relationships with single-family and low-rise rental owners, residential property management companies, and multiple listing services nationwide. The addition of the listing data from Rent. provides a more comprehensive experience for people looking for a home or apartment to rent. Laurence Jankelow, Realtor.com®'s Vice President of Rentals added: "As we continue to invest in and grow Realtor.com®'s open rentals marketplace, we are excited to work with new content partners of all shapes and sizes that allow us to create a better consumer experience for renters on our site. Millions of consumers search Realtor.com® each month for their next home or apartment, and as we continue to expand our audience and listings content to include the widest selection of quality rentals and more choices than ever before, we are helping drive greater results for our partners." With this agreement to expand content to the Realtor.com® audience, active subscription client property listings on Rent., which represent a subset of total inventory, will now receive access to over 350 million visits each month, vastly expanding their reach and exposure to potential renters, increasing leads and filling more vacancies. About Rent. Rent. is a two-sided marketing platform that simplifies the entire renter experience by matching the right property with the right renter, at the right time. Rent. services the property side of the market with scaled marketing solutions such as search engine marketing, lead nurturing through chat bots and client automation tools, and reputation management through ratings and reviews as well as social media monitoring and marketing. This, paired with advanced search filtering and an optimized consumer app and site experience, enables Rent. to offer renters an ideal home-finding experience. Rent. exists to help people find the perfect place. Rent. is operated by Rent Group Inc., a subsidiary of Redfin Corporation. About Realtor.com® Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com.

Form Simplicity and Tech Helpline win top real estate awards
Orlando, FL – March 27, 2023 – Florida Realtors Form Simplicity and Tech Helpline are both individual winners of the coveted 2023 HW Tech100 Real Estate Award, announced by HousingWire, a leading source for US mortgage and housing news. Form Simplicity also is featured as one of the "Top 5 Transaction Management" systems listed on the 2023 Tech 200, an analysis of the best-in-class technology products for the real estate industry by real estate consulting firm T3 Sixty. The Tech100 Real Estate Award recognizes 100 technology companies "that are changing the home sales process forever – from home search to lead management solutions, and remote closing to transaction management software," according to HousingWire. The new list of winners includes real estate's most innovative and influential real estate companies and products. The Tech 200 identifies the residential real estate brokerage industry's best-in-class tech products designed to help brokers, teams, and agents, helping them grow and streamline their businesses. Through extensive research, T3 Sixty selected leading products from 78 companies for the 2023 Tech 200. Wholly owned and operated by the Florida Realtors, the largest state Realtor association, Form Simplicity serves the real estate industry by providing real estate professionals with an end-to-end, digital real estate transaction management solution to expedite real estate transactions to create more deals and less paperwork. Form Simplicity gives real estate agents and brokers the tools to create, manage, share, and store transactions digitally in the cloud, the key to fully digital transactions. In addition, users can create and edit transactions on mobile devices. Form Simplicity's cloud-based platform is a cost-effective solution available to Realtor associations, MLS systems, and brokerage firms nationwide, managing nearly 2 million transaction sides annually. Tech Helpline is real estate's No. 1 tech support service, accessible to 750,000 members across the US and Canada. Known for its no-nonsense technical advice and warm, friendly customer service, Tech Helpline offers its service to other REALTOR Associations and organizations, Multiple Listing Services (MLSs), and real estate brokerage firms. "These honors and recognition from a highly respected and influential trade news organization and a top consulting firm validate the hard work and dedication of everyone who works for both Form Simplicity and Tech Helpline," says 2023 Florida Realtors President G. Mike McGraw, a broker-associate with RE/MAX Central Realty in Apopka. "It also shows the impact of continuous innovation as Florida Realtors strives to make sure every real estate professional who uses Form Simplicity and the Tech Helpline has what they need to succeed in business." Florida Realtors® serves as the voice for real estate in Florida and is the largest state Realtor association in the US. It provides programs, services, continuing education, research, and legislative representation to more than 238,000 members in 51 boards/associations.

Revive wins the prestigious HW Tech100 Real Estate Award
IRVINE, Calif. — March 16, 2023 — Revive, the most complete presale home renovation solution for sellers, is a winner of the highly-coveted HW Tech100 Real Estate Award by HousingWire, the nation's most influential source of news and information covering the multi-trillion dollar US housing and mortgage markets. The 2023 list of winners includes real estate's most innovative real estate companies and products. According to HousingWire, "the Tech100 Real Estate Award recognizes the 100 technology companies that are changing the home sales process forever." Selected by a selection panel of industry leaders and practitioners and a committee of HousingWire editors and executive leaders, the winners are featured in the March issue of HW Magazine. "Being recognized by one of the most respected real estate news organizations is a testament to the hard work and dedication of everyone at Revive," said Michael Alladawi, Revive CEO and founder. "This honor also recognizes the vital importance of presale renovations and validates our mission to help every homeowner maximize their home equity through renovations," added Dalip Jaggi, Revive co-founder. The Revive award submission noted, "Revive technology is powering a new way that homes are sold. The recent market shift is ushering in an era of move-in-ready homes. Presale renovation has become a movement, emerging as the hottest way to sell a home. Sellers are no longer rushing to list but renovating and listing to maximize their sales. Today, as-is homes remain on the market unsold. Revive homes sell 72% faster. Most sellers who sell their homes as-is leave 15-20% of potential profits on the table, leaving behind hundreds of thousands of dollars in built-up equity. That is life-changing money." The entry also shared, "Every year, $300+ billion is left on the table because the homes that sellers bring to market are not move-in-ready. Most sellers who sell their homes as-is leave 15-20% of potential profits on the table, leaving behind hundreds of thousands of dollars in built-up equity," noting that Revive home sellers have gained an average of $186,000 more in profit when selling their renovated homes, earning an average ROI of over 250%, and increasing total profits by an additional $60 million. Learn more at www.revive.realestate.

MoveEasy Offers a Lifetime Engagement Homeowner Service for RE/MAX Agents
The concierge platform and approved supplier of RE/MAX is helping agents stay connected with their clients COLUMBUS, Ohio -- MoveEasy, a comprehensive, all-in-one, moving and home management system for brokerages and homeowners, has been an approved RE/MAX supplier since 2021 and offers their agents a better way to stay connected with their clients. "We've enjoyed our partnership and successes with RE/MAX for the last year, and are excited to continue working with their agent base. With the addition of our home management system, combined with our white glove concierge services, RE/MAX agents have a unique opportunity to help their clients create wealth, and reduce home expenses, ultimately leading to lifetime customers. We are looking forward to continuing our partnership with RE/MAX," said Venkatesh Ganapathy, CEO and Co-Founder of MoveEasy. MoveEasy offers RE/MAX clients a free, fully automated, white labeled moving and home management concierge service. The home management service offers a platform and a dedicated human concierge that can assist with anything from booking their movers, setting up internet and cable, getting home security, switching utilities, even changing addresses, and much more. MoveEasy is a Concierge Service for the entire homeownership journey - whether it's six months or six years down the road, if they need any trusted service providers, they can always access an agent's branded online portal or call their concierge. This service allows RE/MAX agents to stay connected and top of mind with their clients by providing ways to help homeowners save money, track the value of their homes, and explore home projects to help increase the value of their homes. RE/MAX's program offers comprehensive business services for the Real Estate industry. All services and materials are available through the RE/MAX Marketplace, the online portal exclusively available to RE/MAX agents in the U.S. and Canada. Learn more about MoveEasy: https://www.moveeasy.com About MoveEasy MoveEasy is the country's first full-service homeowner concierge platform designed to help the 139M homeowners in the US with all their move and home management needs. MoveEasy powers enterprise clients such as BHHS, Century 21, Howard Hanna, Realty ONE Group and Douglas Elliman. MoveEasy's 360° dashboard provides access to service providers across multiple categories, a built-in savings calculator, a concierge service, and more. For real estate partners, MoveEasy is a fully white-labeled turnkey concierge solution that helps brokers customize and brand the platform to offer a true end-to-end lifetime concierge service for their clients. Today MoveEasy works with real estate brokers across the country representing more than 140,000 agents.

Redfin Reports The Typical U.S. Home Changes Hands Every 12 Years, Down From 2020 Peak
Homeowner tenure is down from the peak reached in 2020, but it has nearly doubled over the last couple decades, contributing to the lack of for-sale inventory SEATTLE — The typical U.S. homeowner has spent 12.3 years in their home, according to a new report from Redfin, the technology-powered real estate brokerage. That's down from the peak of 13.4 years hit in 2020 and 12.9 years in 2021. But the typical American is still living in their home much longer than before, with median homeowner tenure sitting at about 10 years in 2012 and 6.5 years in 2005. Older people aging in place are driving the general trend toward longer homeowner tenure. Most Americans 65 and older have owned their home for at least 23 years, and most Americans aged 35 to 64 have owned theirs for at least eight years. Compare that with homeowners under 35: Nearly half (49%) have owned their home for three years or less, and another 37% have owned theirs for four to seven years. Overall homeowner tenure has ticked down from its peak largely because so many people moved from one home to another in 2021 and the first half of 2022. Record-low mortgage rates during that period motivated many Americans to buy homes, either becoming homeowners for the first time or selling their home to move to a better one. Pandemic-fueled remote work prompted many Americans to relocate to a different part of the country, too. But Americans are staying put much longer now than in the past couple decades. There are several reasons why that's true, and why homeowner tenure is likely to stay elevated in the coming decade: Older Americans are aging in place. Long homeowner tenure is driven by older generations and the population is aging. Roughly 17% of people in the U.S. are 65 or older, up from about 13% in 2010, and the share is expected to continue increasing. Lack of affordability. Typical monthly mortgage payments are near their record high, discouraging many people from moving. Lack of move-up buyers. Roughly 85% of mortgage holders have an interest rate far below 6%, disincentivizing them from giving up their comparatively low rate and moving. Historically high rental prices. Asking rents are still higher than they were before the pandemic. That's motivating some homeowners to become landlords rather than sell. Shortage of homes for sale. The supply of homes for sale is near historic lows and very few new listings are coming on the market. Even if a homeowner were considering a move, there's not much to choose from. "Even though the length of time Americans are staying in their homes has ticked down from the peak it reached in 2020, it's likely to head back up again in the next few years," said Redfin Senior Economist Sheharyar Bokhari. "Today's mortgage rates are more than double the lows reached during the pandemic homebuying frenzy, which means people have extra incentive to hang onto their homes. Even if rates dip down to 4% or 5%, that's still significantly higher than the sub-3% rates many homeowners have now. That lock-in effect, combined with older Americans' desire to stay put in their homes, points to lengthening tenure in the future." "But although that limits the number of homes hitting the market, competing forces could help the supply shortage," Bokhari continued. "Remote work is still much more popular than before the pandemic, so more people have the freedom to relocate or move further away from city centers. Plus, millennials—the largest generation in the U.S.—are in prime moving years, pushed to sell their homes by things like growing families and new jobs." Renters move much more often than homeowners, which creates a mismatch between the number of homes for sale and the people who want to buy one The scarcity of homes for sale is contributing to double-digit homeowner tenure, and the reverse is also true: Long tenure is holding back supply. That's problematic for people who want to buy a home but are unable to find one they can afford. The fact that renters move much more often illustrates the issue. The typical renter stayed in their home for two years in 2021, versus 13 years for homeowners. Most renters have to move to another rental rather than buy a home because of the mismatch between the number of people moving and the number of homeowners listing their home during any given year. That's especially true for younger Americans because they move more often. Nearly three-quarters (72%) of renters under 35 years old spend three years or less in a rental property, compared with 39% of 35-64 year olds and 27% of people aged 65 and older. Overall, the typical length of time renters stay in any one rental home hasn't fluctuated much over the last decade. The median has bounced between one, two and three years for the last decade. Californians keep their homes longest; homeowners in Louisville and Las Vegas hold on less than half as long before moving Homeowners stay put longest in expensive parts of California. The typical Los Angeles homeowner has owned their home for 18.2 years, followed by 17.3 years in San Jose. Cleveland (17.1 years), San Francisco (16.3 years) and Memphis (16.2 years) round out the top five. Tenure is shortest in relatively affordable migration destinations in the southern half of the country. It's shortest in Louisville, KY (6.9 years), followed by Las Vegas (7.6 years), Nashville (8.2 years), Raleigh (8.3 years) and Charlotte (8.3 years). View the full report, including charts, full homeowner and renter tenure data by age bracket and metro-level data, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

Mutual of Omaha Mortgage Announces Strategic Acquisition of Keller Mortgage
Mutual of Omaha Mortgage has announced the strategic acquisition of the assets of Keller Mortgage LLC, a member of the Keller Williams (KW) family of companies, the world's largest real estate franchise by agent count, the companies announced. Mutual of Omaha Mortgage, a subsidiary of Fortune 400 insurance and financial services company Mutual of Omaha, will operate Keller Mortgage, alongside its existing forward and reverse mortgage divisions, said Mutual of Omaha Mortgage President Terry Connealy. "This transaction brings together two leaders in the mortgage industry, leveraging the strengths of each to provide outstanding products and services to homebuyers from coast to coast," Connealy said. "With shared values that emphasize integrity, teamwork, customer focus, innovation and accountability, Keller Mortgage is a strong cultural fit with Mutual of Omaha Mortgage." Gary Keller, co-founder and executive chairman, KW, said: "We're excited to announce how our two leading brands are coming together." "Our KW customers will have access to an even more comprehensive slate of mortgage services from a trusted brand with more than a century of business experience," said Keller. "It's truly a win-win for all involved." Keller Mortgage is a part of Mutual of Omaha Mortgage and is co-owned by Mutual of Omaha Mortgage and Keller. The terms of the transaction were not disclosed. About Mutual of Omaha Mortgage A subsidiary of Mutual of Omaha, Mutual of Omaha Mortgage offers a variety of home financing and refinancing options as well as industry-leading reverse mortgage products to help its customers through life's transitions. For more information about Mutual of Omaha Mortgage, visit www.mutualmortgage.com. About Mutual of Omaha Founded in 1909, Mutual of Omaha is a highly rated, Fortune 500 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. As a mutual company, Mutual of Omaha is owned by its policyholders and committed to providing outstanding service to its customers. For more information about Mutual of Omaha, visit www.mutualofomaha.com. About Keller Williams Austin, Texas-based Keller Williams, the world's largest real estate franchise by agent count, has more than 1,100 offices and 200,000 associates. The franchise is also No. 1 in units and sales volume in the United States. Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders. For more information, visit headquarters.kw.com.

ATTOM Integrates Propensity to Default Analytics into Its U.S. Property Data Warehouse
Discover the probability of a home going into foreclosure; Utilizing various property datasets and AI-powered algorithms to determine propensity to default IRVINE, Calif. – February 7, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has integrated propensity to default analytics into its U.S. property data warehouse. With this news, the ATTOM Table of Data Elements expands even further with yet another layer of details to enhance market intelligence, while enabling various industries powerful investment insight and mitigation strategies. This integration combines ATTOM’s comprehensive foreclosure and mortgage data with Powerlytics – a predictive analytics solution provider with a proprietary database of anonymized tax returns covering over 150 million U.S. households, to score properties across the nation on the likelihood of going into foreclosure. “What started as a focus in fueling real estate industry customers with premium property data, has exploded into powering various industries across all spectrums,” said Rob Barber CEO at ATTOM. “In today’s volatile housing market, being armed with predictive analytics that will allow real estate investors, brokers, mortgage servicers, and more the ability to zero in on properties that have the highest probability of going into foreclosure, is essential for competitive data-driven decision making.” By joining the power of the ATTOM Data Warehouse – which houses historical property characteristics data along with deed, mortgage, foreclosure and more for over 155 million U.S. properties — with Powerlytics’ consumer and business financial data, and then applying machine learning techniques, a propensity of default score for properties across the nation is accurately predicted. “We are excited to leverage Powerlytics proprietary dataset to deliver insights and value across the residential real estate ecosystem,” said Powerlytics CEO, Kevin Sheetz. “Combining our accurate, granular and comprehensive financial data and predictive modeling expertise with ATTOM’s rich property insights proved to be a powerful combination in predicting mortgage default propensity.” This proprietary model identifies the probability that a residential property will become a mortgage default (aka pre-foreclosure) within the next 12 months and allows customers to zero in on the properties that have the highest propensity to default. Enabling industry professionals, the ability to: Find homeowners motivated to sell. Curate targeted marketing lists. Limit portfolio losses. Develop mitigation strategies. “With the recent lift in foreclosures across the nation, insights into the financial health of homeowners offers a powerful and unique solution for understanding who might be in distress,” notes ATTOM Chief Product & Technology Officer, Todd Teta. “Along with the value of a home and a homeowner’s equity position, the overall financial health of the homeowner creates a full picture of the borrower’s willingness and ability to stay current on their mortgage and out of default. Combining these data points yields a much more predictive solution than the individual data points do on their own.” Learn more about propensity to default. About ATTOM ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud. About Powerlytics Powerlytics provides the most comprehensive, accurate and granular consumer and business financial data available in the U.S. Our proprietary big data analytics platform provides a comprehensive financial view of the over 200 million adults and 33 million businesses that comprise the American economy. Major U.S. corporations and financial services providers are using Powerlytics’ data and solutions to stay on the cutting edge with predictive analytics, frictionless verification and estimation of consumer income, consumer wealth and business revenue, enhance digital and direct marketing for both consumers and businesses, manage risk with both individual business and consumer customers and portfolios and benchmark performance. Visit www.powerlytics.com for more information.

Pilot Home Purchased on Nation's First Owner-Occupied Fractional Equity Housing Finance Platform Saves Buyer 50% vs. Mortgage
BOULDER, Colo., Feb. 02, 2023 -- Quarter, Inc., the nation's owner-occupied first fractional equity home funding program and technology platform, announced the first home purchased using the innovative financing service. The pilot home was purchased by the company CEO, Shannon Diesch, for $740,000 in Longmont, Colorado with monthly housing payments 50% cheaper vs. a 30-year mortgage. "I can't tell you how important this first fractionally-funded home is to me personally, and to every other Millennial like me who's frustrated by how unaffordable homes are today," said Diesch. "I live in a high-cost, urban market like so many of my peers who are stuck renting. Using Quarter's fractional funding model took 50% of my monthly out-of-pocket cost away compared to a traditional mortgage — making this home affordable to buy. Our mission at Quarter is to bring this housing affordability to millions of young people like me and millions of underserved families who have been priced out of the American dream of home ownership." The Quarter fractional equity program is an innovative funding model based on investors purchasing financial interests, that are linked to the home through a special purpose entity, that becomes a tenants-in-common with the homeowner when the property is acquired. Quarter was advised by DLA Piper LLP (US) on establishing a regulatory compliance framework for its operations. Quarter's capital is equity/co-ownership based vs. traditional debt-based mortgage capital used exclusively to finance homes today. "The affordability crisis facing Millennials like me, and other traditionally underserved communities, is largely the result of interest-rate driven mortgages combined with out of reach home prices," explained Diesch. "If you're a first-time buyer, with no equity to trade in for down payment, and mortgage rates are the highest they've been since Friends was on NBC — then millions of us are simply out of luck and stuck in apartments or rental homes. "Quarter offers us a chance at home ownership by enabling Investors to invest in owner-occupied homes for the first time in history. Sourcing purchase capital from co-owner investors allows them to enjoy monthly cash flows from their investment while sharing appreciation gains proportionally with homeowners like me. And I take care of the house as an owner, not a renter. "When you add it all up, Quarter's fractional investors enjoy economics similar to whole-home ownership while home buyers like me enjoy up to 50% or more in savings every month vs. mortgage. This changes everything." About Quarter Quarter is America's first owner-occupied fractional equity-based home funding program and technology platform, with the aim of providing homeownership to millions who cannot afford a home using traditional debt-based. Fully vetted for regulatory compliance, Quarter directly unites fractional housing investors — preferring passive returns from a portfolio of fractional home assets vs. costly whole home ownership — with consumers who need an alternative to high-cost mortgages in order to own a home.

Real estate startup zavvie lands $3.65 million in new funding as consumer change will drive company growth through 2023
BOULDER, Colo. – January 11, 2023 – zavvie, a software technology company providing real estate brokerages customized marketplaces for buying and selling solutions, announced the completion of a $3.65 million funding round led by existing investors, including Second Century Ventures, the startup incubator backed by the National Association of Realtors. Zavvie also announced that Tyler Thompson, Managing Partner at Second Century Ventures, is joining its Board of Directors. Thompson brings more than 15 years of strategic, startup and operational experience to the zavvie Board. The funding round illuminates how consumers have dramatically changed the way they bought and sold homes in 2022, using solutions such as Power Buying (cash offers), Modern Bridge (buy before you sell), Listing Concierge (presale renovations), Instant Sales (iBuyers), and Homeownership Accelerator (rent-to-own). The new funds include $1.5 million in cash and $2.15 million in convertibles. "At zavvie, we believe 2023 will be a breakout year for Power Buying because cash offers will particularly help first-time buyers," said Lane Hornung, zavvie CEO and Co-Founder. "Also poised for explosive growth are two more categories: Listing Concierge or presale renovations, which help consumers sell their homes faster and at a higher sales price, and Homeownership Accelerators. Most renters still want to buy a home, and with a Homeownership Accelerator program, they can rent their starter home today and own it tomorrow," Hornung said. Hornung notes that the massive shift in buyer and seller behavior in 2022 benefited zavvie's business momentum and growth: zavvie increased its total number of brokerage-assisted transactions by more than 400 percent over 2021 transactions, and grew its revenue by more than three times, year-over-year. "As brokerages face shifting real estate markets head on, zavvie is poised for continued growth in 2023 as they need more ways to unlock inventory and increase transactions," Hornung said. "More consumers are embracing a better way to buy and sell a home, and that's why we our best brokerage partners are increasing their business exponentially. We're looking forward to doing more with our newest partners in 2023," Hornung added, noting zavvie recently announced its partnership with Windermere Real Estate to power Windermere Offers. Moreover, in the last year, zavvie's operational nationwide footprint grew in 2022 to nearly 50 states. Agent growth on zavvie powered platforms grew to serve more than 75,000 agents today, and potentially reach more than 400,000 agents through partnership integration. Zavvie recently announced a major integration with MoxiWorks and teamed up with several leading local and regional brokerage firms, including Windermere Real Estate, Kentwood Real Estate - a Berkshire Hathaway Affiliate, Helen Adams Realty, and Crye-Leike Real Estate Services. In addition, a year ago, zavvie expanded its brokerage marketplace, adding buyer services from Divvy Homes, Feeasy, Flyhomes for Agents (now Sailbridge), HALO, Homeward, Knock, Landis, Ribbon, and Super. This year, zavvie joined forces with UpEquity and Revive. "Consumers are driving the real estate industry to change rapidly," said Mike DelPrete, a leading industry analyst. "New buying and selling solutions became more commonplace than ever in 2022, and smart brokerages know that to compete today — and tomorrow — they must offer consumers all the options while keeping their agents at the center of the transaction for any solution a consumer chooses." Hornung also notes that the recent launch of zavvie 2.0 software with its updated dashboard is helping agents streamline assisting their clients, and driving new business because of increased efficiency. He adds, "zavvie 2.0 sets the stage for incredible new software we will launch in 2023." More information about zavvie is available at zavvie.com. About zavvie zavvie is a software technology company that provides real estate brokerages with a marketplace for buying and selling solutions via a white-labeled platform that keeps agents at the center of the transaction. Over 65,000 real estate agents in 47 states leverage zavvie's software technology to serve their clients better. Discover more at zavvie.com.

Redfin Reports a Record Share of Home Sellers Are Giving Concessions to Buyers
Buyers received concessions—such as money for repairs and mortgage-rate buydowns—in a record 42% of home sales in the fourth quarter, up from 31% a year earlier SEATTLE — Home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any three-month period in Redfin's records, according to a new report from Redfin, the technology-powered real estate brokerage. That's up from just over 30% in both the previous quarter and the fourth quarter of 2021, and outpaces the prior 40.8% high from the three months ending July 2020, when the housing market nearly ground to a halt due to the onset of the coronavirus pandemic. Redfin's concessions records date back to July 2020 and are based on data submitted by Redfin buyers' agents. Concessions have made a comeback as rising mortgage rates, inflation and economic uncertainty have dampened homebuying demand, giving the buyers who remain in the market increased negotiating power. That's a stark shift from the pandemic homebuying frenzy of late 2020 and 2021, when record-low mortgage rates fueled fierce competition, forcing most buyers to bid over the asking price and waive every contingency just to have their offers taken seriously. "Buyers are asking sellers for things that were unheard of during the past few years," said Van Welborn, a Redfin real estate agent in Phoenix. "They're feeling empowered, partly because their offer is often the only one, and partly because they know sellers have built up so much equity during the pandemic that they can afford to dole out sizable concessions." Welborn continued: "I recently helped one of my buyers negotiate a $10,000 credit for a new roof and a handful of other repairs. We originally asked for $15,000, but were happy with $10,000 because the homeowner also agreed to sell for less than their asking price." Homeowners are increasingly selling for below their desired price as the housing market slows. A record 22% of home sales recorded by Redfin buyers' agents in the fourth quarter included both a concession and a final sale price below the listing price, while a record 19% included both a concession and a listing-price cut that occurred while the home was on the market. A record 11% included all three. Phoenix Saw the Biggest Jump in Concessions In Phoenix, sellers gave concessions to buyers in 62.9% of home sales in the fourth quarter, up from 33.2% a year earlier. That 29.7-percentage-point increase is the largest among the 25 U.S. metropolitan areas for which data was available. Next came Seattle (25.6 ppts), Las Vegas (22.2 ppts), San Diego (20.7 ppts) and Detroit (20.4 ppts). Phoenix and Las Vegas are among the fastest cooling markets after they soared in popularity during the pandemic as scores of remote workers moved in, searching for relative affordability and warm weather. "It took a while, but seller expectations are coming back down to earth. Concessions were common before the pandemic, and we may be returning to that norm," Welborn said. "Sellers realize they're not going to get $80,000 over the asking price like their neighbor did last year." Welborn said he has recently seen sellers offer credits of as much as $25,000 to cover repairs and closing costs, and that they're also offering to pay for 2-1 mortgage-rate buydowns and warranties on household appliances. There were four metros in which concessions were less common compared with a year ago. In Austin, TX, sellers gave concessions to buyers in 33.3% of home sales, down from 38.1% a year earlier (-4.8 ppts). Next came Philadelphia (-2.7 ppts), New York (-2.4 ppts) and Chicago (-1.6 ppts). Concessions Are Most Common in San Diego In San Diego, sellers gave concessions to buyers in 73% of home sales in the fourth quarter—the highest share among the metros Redfin analyzed (San Diego also had the highest share a year ago). Next came Phoenix (62.9%), Portland, OR (61.6%), Las Vegas (61.3%) and Denver (58.4%). In New York, sellers gave concessions to buyers in 13.4% of home sales—the lowest share among the metros Redfin analyzed. It was followed by San Jose, CA (14.4%), Boston (17.5%), Philadelphia (22%) and Austin (33.3%). To view the full report, including charts, methodology and a metro-level breakdown, please visit this page. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

Relitix Announces New Partnership with BHHS California Properties
Lake Geneva, IL – 12/20/2022 – Relitix, the industry's leading provider of AI-driven agent metrics and management tools, announced today that it has entered into a partnership with BHHS California Properties, a leading real estate brokerage with more than 60 offices across southern California. Through this partnership, BHHS California Properties will gain access to Relitix's AgentIntel.AI software, an enterprise-level brokerage management solution that provides real-time, detailed agent data and AI-powered insights to guide management to the areas of greatest opportunity. In addition to providing in-depth office detail and complete market insights, Relitix will also offer its state-of-the-art data visualization tools to help BHHS California Properties better manage its agent pool, the company's most important asset. "We are thrilled to partner with BHHS California Properties, a company known for its excellence and distinction in the real estate industry," said Rob Keefe, Founder, and President of Relitix. "The combination of our groundbreaking analytics with BHHS California Properties' expertise is a perfect match, and we are confident that this partnership will bring great value to both organizations." Founded in 2016, Relitix has established itself as the industry leader in AI-driven real estate agent analytics, helping brokers, managers, and large team leaders better understand and manage their agents. Using advanced data techniques to assess agent skill levels and make individual agent-level predictions, Relitix profiles over 1.1 million agents monthly and has helped its clients collectively close nearly $200B in annual sales. With a presence in most major markets across the United States, Relitix is well-positioned to help BHHS California Properties achieve its business objectives and drive growth in the competitive southern California market.

Redfin Reports Supply Posts Record Increase as Homes Linger on the Market
Redfin's Homebuyer Demand Index ticked up this week as steadily declining rates lured some buyers back in. But many would-be buyers are waiting for lower rates and prices, with the typical home's time on market rising at its fastest annual pace on record and supply increasing. SEATTLE -- The total number of homes for sale increased 15% year over year during the four weeks ending December 4, the biggest uptick since at least 2015, according to a new report from Redfin, the technology-powered real estate brokerage. New listings declined by more than 20%, which means homes are sitting on the market as prospective buyers stay on the sidelines and wait for mortgage rates and home prices to decline further from their peaks. That's also evidenced by a slowing market: The typical home that sold was on the market for 37 days, up from a record low of 17 days in June and up from 28 days a year earlier, the biggest year-over-year slowdown on record. Just 30% of homes sold within two weeks, the lowest share since January 2020. But Redfin's Homebuyer Demand Index is rebounding from its low point, up 5% from a week earlier, as mortgage rates continue to decline from their early-November peak. Rates dropped to 6.33% from 6.5% a week earlier, cutting the typical U.S. homebuyer's monthly housing bill by about $50. "This week has been relatively calm and quiet as we approach the end of one of the most volatile years in housing history," said Redfin Deputy Chief Economist Taylor Marr. "But it's not over yet. Next Tuesday's inflation report is the 500-pound gorilla in the room, and the Fed's press conference the next day will bring us much more clarity on how soon and how quickly we can expect mortgage rates to come down in the new year. Since we expect only a small decline in prices next year, mortgage rates will dictate housing affordability, and as a result, demand and sales, in 2023. If rates continue declining, more buyers may wade back into the market, as they'll have lower monthly payments." Home prices fell from a year earlier in 11 of the 50 most populous U.S. metros, mostly in California Home-sale prices fell from a year earlier in 11 of the 50 most populous U.S. metros, six of which are in California. Prices fell 7.8% year over year in San Francisco, 3.6% in San Jose, CA, 2.2% in Los Angeles, 1.4% in Detroit, 1.2% in Sacramento and 1.1% in Pittsburgh. They declined less than 1% in Oakland, CA, Anaheim, CA, Austin, Philadelphia and Phoenix. Although the decline was small, this marks the first time Phoenix home prices have fallen on a year-over-year basis since at least 2015, as far back as this data goes. It's the first time Anaheim prices have fallen since October 2019. Leading indicators of homebuying activity: For the week ending December 8, 30-year mortgage rates ticked down to 6.33%, the fourth straight weekly decrease. The daily average was 6.29% on December 7. Mortgage purchase applications during the week ending December 2 declined 3% from a week earlier, seasonally adjusted. Purchase applications were down 40% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index–a measure of requests for home tours and other homebuying services from Redfin agents–was up 5% from a week earlier but down 29% from a year earlier during the four weeks ending December 4. Fewer people searched for "homes for sale" on Google than this time in 2021. Searches during the week ending December 3 were down about 34% from a year earlier, but up slightly from the week before. Touring activity as of December 4 was down 37% from the start of the year, compared to a 12% decrease at the same time last year, according to home tour technology company ShowingTime. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending December 4. Redfin's weekly housing market data goes back through 2015. The median home sale price was $355,500, up slightly from the week before and up 1.9% year over year, the slowest price growth since June 2020 (with the exception of the prior four-week period). The median asking price of newly listed homes was $357,470, up 4.4% year over year, the slowest growth rate since May 2020. The monthly mortgage payment on the median-asking-price home was $2,297 at the current 6.33% mortgage rate. That's down slightly from a week earlier and down more than $200 from a month earlier, when mortgage rates were around 7%. Still, monthly mortgage payments are up 38% from a year ago. Pending home sales were down 34.9% year over year, one of the largest declines since at least January 2015, as far back as this data goes. Among the 50 most populous U.S. metros, pending sales fell the most from a year earlier in Las Vegas (-65.4%), Austin (-60.7%), Phoenix (-56.8%), Jacksonville, FL (-55.6%) and Portland, OR (-53.5%). New listings of homes for sale were down 21.6% from a year earlier, the largest decline since May 2020. Active listings (the number of homes listed for sale at any point during the period) were up 15% from a year earlier, the biggest annual increase since at least 2015 Months of supply—a measure of the balance between supply and demand, calculated by dividing the number of active listings by closed sales—was 3.9 months, flat from a week earlier but up sharply from 3.4 months two weeks earlier. 30% of homes that went under contract had an accepted offer within the first two weeks on the market, down two percentage points from the prior four-week period and down from 38% a year earlier. Homes that sold were on the market for a median of 37 days, up more than a week from 28 days a year earlier and up from the record low of 17 days set in May and early June. 25% of homes sold above their final list price, down from 42% a year earlier and the lowest level since June 2020. On average, 6% of homes for sale each week had a price drop, down slightly from a week earlier and down sharply from 7.5% a month earlier. It's up from 2.8% a year earlier. The average sale-to-list price ratio, which measures how close homes are selling to their final asking prices, fell to 98.4% from 100.3% a year earlier. That's the lowest level since June 2020. To view the full report, including charts, please click here. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

MoveEasy Raises $7 Million in Series A Funding to Accelerate Momentum for Its Home Management Platform
MoveEasy announced $7 million in Series A funding, led by Moderne Ventures with a strategic investment by The Travelers Companies, Inc. Today more than a million homeowners and 130,000 real estate agents have access to MoveEasy, the country's first fully integrated platform for all things home COLUMBUS, OHIO (DECEMBER 07, 2022) -- MoveEasy, the country's leading home management platform and concierge service, today announced $7 million in Series A funding, led by Moderne Ventures with a strategic investment by The Travelers Companies, Inc. MoveEasy previously raised $3.5M in seed funding from investors including Breaktrail Ventures, New Valley Ventures, Loud Capital and Pete Kight. The new capital will be used to accelerate product development, talent and expansion of its platform into new categories. MoveEasy is the nation's first fully integrated white labeled home management platform, empowering real estate brokerages, agents and mortgage partners to deliver unmatched value to clients. MoveEasy's platform and app provide clients with a holistic view of every decision that they make as homeowners – whether they are buying, selling, moving or managing their existing home. "While there are a number of personal finance apps that help homeowners manage subscriptions and save money, until now there hasn't been a way for people to manage their most valuable asset," said MoveEasy CEO Venkatesh Ganapathy. "That's what we've created with MoveEasy, an all-in-one platform simplifying every aspect of homeownership. With this new capital, we're investing deeply in innovation and people that extend our leadership position in the real estate industry, while also empowering partners across mortgage, insurance, and other sectors to deliver more value to clients." Why MoveEasy With new client acquisition costs at an all-time high, client loyalty efforts have never been more important for real estate agents and brokers. And yet, the real estate industry continues to have a loyalty gap — with just 12% of homeowners choosing to work with the same agent again. MoveEasy solves these challenges, allowing real estate partners to personalize their client experience by anticipating every homeowner decision. Agents can automate communications, share timely reminders on home-related tasks, and surface insights and exclusive discounts for top service providers across categories. Using MoveEasy's 360 dashboard and app, homeowners can compare hundreds of service providers including home insurance, internet and cable, home protection, energy, utilities, solar, and home improvement. MoveEasy's savings monitoring tool also automatically searches for the best prices, driving enhanced savings. Clients can also apply for new loans or refinance through their brokerage's mortgage partners, instantly check their home value, budget for home-related expenses, and see how every home update they make improves their home value and equity over time. All this builds on what is perhaps MoveEasy's most unique feature: every client is provided with a dedicated human concierge – available via phone, text or email to help with any moving or home management request while fully white labeled for the brand across all platforms. "In today's shifting market, real estate firms have an imperative to embrace innovation and adopt new ways to deliver value to clients across their entire journey as homeowners," said Constance Freedman, Founder and Managing Partner at Moderne Ventures. "MoveEasy is at the forefront of this change, delivering a best-in-class solution for home management that empowers brokerages and agents like never before. We are thrilled to lead this investment round and partner with MoveEasy as they continue to reshape the industry and provide homeowners with the tools they need to manage all things home." MoveEasy continues to build momentum with homeowners and partners across industries Since the beginning of 2020, MoveEasy has rapidly grown its customer base with more than 130,000 real estate agents and 1M homeowners now having access to its platform – leading to a 400% increase in revenue. Berkshire Hathaway HomeServices, Century 21, Howard Hanna, Douglas Elliman and RE/MAX are just some of major real estate partners nationwide that have adopted MoveEasy to deliver stellar service to clients. "Improving client engagement and loyalty starts with delivering value across every step in the homeowner journey" said Ganapathy. "MoveEasy empowers partners to create a stronger loyalty connection for their brand, while providing clients with an intuitive UI offering the broadcast spectrum of home related services on one platform." Cutting costs in the current economic environment has become increasingly difficult for companies and consumers alike. In addition to saving each homeowner an average of $420 a year, MoveEasy helps partners achieve an 18-20% lift to their core ancillary services as well as revenue for ancillary services directly integrated through the platform while providing significant improvements in client engagement, loyalty and referrals. About MoveEasy MoveEasy is the industry's first comprehensive home management and concierge platform designed to help the 139M homeowners in the US with all their moving and home management needs. MoveEasy's 360° dashboard provides access to service providers across multiple categories, a built-in savings calculator, a concierge service, and more. For real estate partners, MoveEasy is a fully white labeled turnkey concierge solution that helps partners customize and brand the platform to offer a true end to end lifetime concierge service for their clients. Today MoveEasy works with several national and regional clients in the real estate, insurance, mortgage, moving and corporate relocation sectors. For more information, visit http://www.moveeasy.com About Moderne Ventures Moderne Ventures is a strategic venture capital firm approaching $450 AUM. Moderne invests in technology companies in and around the multi-trillion-dollar industries of real estate, finance, insurance, ESG, and home services. It has both a Fund and an Industry Immersion Program, the Moderne Passport, designed to foster innovation, partnership and growth between industry partners and new emerging technology companies. Moderne has built an extraordinary network of over 700 executives and corporations within its core industries and evaluates over 4,500 emerging tech companies each year. Moderne most often looks outside its industries to find technologies that can be applicable within them, and it has invested in over 135 companies across its funds. Moderne has built a stellar track record investing in companies like DocuSign, Porch, Hippo, Homesnap, Caribou, Xeal and ICON. For more information, visit http://www.moderneventures.com.