Real Estate News

Jared Schwadron leaves Official Partners for Compass HW+

A top luxury agent in New York City has left Official Partners. Compass announced the hiring of Jared Schwadron this week, poaching him from the troubled brokerage founded by Tal and Oren Alexander.

• Driving Mortgage Innovation: How AI and digital lending are transforming the industry HW+

• New York independent brokerage affiliates with eXp Realty HW+

• California AG gets preliminary injunction against MV Realty HW+

• eXp CEO Leo Pareja is teaching agents to navigate the post-NAR settlement world HW+

• Real estate agents have mixed feelings about Fed rate cut HW+

Housing Market News

Profit margins are up for home flips — but there’s a catch HW+

After years of declines, home-flipping profits are coming back. That’s according to a report released this week by Attom, which showed that the typical profit on a flip in the second quarter of 2024 was 30.4%, the fourth time in five quarters that margins rose.

• MBA head Bob Broeksmit talks IMB victories ahead of the 2024 election HW+

• Backflip CEO Joshua Ernst on the resiliency of the fix-and-flip model HW+

• Why did mortgage rates go up after the Fed rate cut? HW+

• Bummer! Existing-home sales flop, but relief could be on the way HW+

• Republican senators introduce bill to expand federal oversight of housing programs HW+