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Opendoor Works to Strengthen Market Stance as Earnings Rise
iBuying does not appear to be out of the real estate game yet, as Opendoor—now describing itself as an e-commerce platform for residential real estate transactions—reported strong earnings for Q2 2025. Opendoor reported a Q2 revenue of $1.6 billion, up 4% year-over-year and 36% higher than its $1.2 billion last quarter and. Gross profit came…
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Realtor income edges up 4% despite market softening: NAR
The National Association of Realtors released its 2024 Member Profile on Wednesday, which revealed that its typical member earned a median gross income of $58,100 — up from $55,800 in 2023.
Mortgage Rates Drop to 10-Month Low; Buyers Should Buy Now, Mortgage Leaders Say
Reaching its lowest point in 10 months on August 4, the daily average mortgage rate dropped to 6.57%. On the median-priced U.S. home—which goes for roughly $447,000—a monthly mortgage payment is $2,862 with today’s average rate, according to Redfin. When rates were above 7% in mid-May, the monthly payment would have been $2,983—over $100 more.…
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Builders Brace for More Shifts, Incentives Grow, Consumer Confidence Wanes
The housing market has faced several challenges in recent years, from elevated mortgage rates to the lack of affordable housing. Developers face their own troubles as they adjust strategies based on buyer demands and consumer sentiment. To encourage buyers and keep homes within reach, developers are turning their focus towards incentives and figuring out how…
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3 social media lead gen lessons from the Trump vs. Powell drama
Capture attention and build relationships by helping your clients navigate the implications of headline-grabbing topics, Josh Ries writes.
Mortgage Applications Increase as Borrowers Seek to Refi and Purchase After Rate Dip
Mortgage applications saw their second week in a row of increases, this past one fueled by declining Treasury yields and the subsequent mortgage rate declines that typically follow. Experts are mixed on these results as a plus for some borrowers but also as a reason to stay on the sidelines for others who may be…
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Judge Allows Massive Mortgage Data Breach Lawsuit to Move Forward
A federal judge is allowing a class-action lawsuit against mortgage mega-servicer Mr. Cooper—currently in the process of being acquired by Rocket—to move forward in part, ruling that the company must face claims of breach of contract and negligence from customers over a 2023 cyber attack that leaked millions of people’s private data to hackers, but…
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Las Vegas real estate pro finds pig’s head in mail after AI deal closing
A letter that accompanied the bloodied animal head sent to Agrippa CEO Blake Owens asserted that "'AI' is not going to replace brokers," in a sign that it was likely sent by a broker who feels threatened by the new technology.
