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CoStar Drops $1.6 Billion to Acquire 3D Camera Pioneer Matterport

USA Real Estate News-RISMedia - Mon, 2024-04-22 11:47

CoStar, the commercial conglomerate-turned residential portal gate-crasher, announced today that it is acquiring Matterport in a deal worth $1.6 billion, adding what appears to be a highly complementary new business to its growing arsenal of real estate-focused companies. “CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate,” said Andy…

The post CoStar Drops $1.6 Billion to Acquire 3D Camera Pioneer Matterport appeared first on RISMedia.

BHGRE’s 2nd largest franchise signs 10-year contract renewal

USA Real Estate News-Inman - Mon, 2024-04-22 11:46
Amid an industrywide recruitment war, Better Homes and Gardens Real Estate has secured its largest contract renewal of 2024 with Atlanta-based BHGRE Metro Brokers. The 45-year-old brokerage is the second-largest franchise in the BHGRE network, with more than 2,400 agents across 27 offices. In 2023, BHGRE Metro Brokers closed 4,738 transactions worth $1.665 billion, a performance that earned it a top 200 ranking on Real Trends' 2024 transaction sides and volume lists.

COURT REPORT: Countdown for NAR Settlement Begins; Failed Consolidation Could Reopen Cases

USA Real Estate News-RISMedia - Mon, 2024-04-22 11:39

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Courts rarely move fast. Although it has been over a month since the National Association of REALTORS® (NAR) announced that it was settling seller lawsuits, and 10 days since a judicial panel issued…

The post COURT REPORT: Countdown for NAR Settlement Begins; Failed Consolidation Could Reopen Cases appeared first on RISMedia.

Tim Rodland launches new Bahamas luxury brokerage

USA Real Estate News-Inman - Mon, 2024-04-22 11:32
Rodland Real Estate, which operates across the archipelago, provides clients a private members portal with access to off-market properties. With the network Rodland has built over the years, the firm is particularly well-suited to aid newcomers to The Bahamas.

What Lenders Should Do Now to Capitalize on a Potential Refinance Rebound in 2024

USA Real Estate News-RISMedia - Mon, 2024-04-22 11:15

It wasn’t long ago when mortgage refinancing was king, generating record-breaking profits and driving lenders with more business than they could handle. During the height of the COVID-19 pandemic in 2020 and 2021, average 30-year mortgage rates in the 2% to 3% range were a boon for business. Mortgage lenders originated $2.57 trillion in refinance…

The post What Lenders Should Do Now to Capitalize on a Potential Refinance Rebound in 2024 appeared first on RISMedia.

Report: The Top 5 Cities to Move to in 2024

USA Real Estate News-RISMedia - Mon, 2024-04-22 10:47

From a young age, we all have an idea of a dream destination that we’d like to call home; somewhere luxurious on the water, or in some cases, a small remote cabin on a lake far from civilization. The idea to call a house or community our own is what most in modern society strive…

The post Report: The Top 5 Cities to Move to in 2024 appeared first on RISMedia.

The Top 5 Cities to Move to in 2024

USA Real Estate News-RISMedia - Mon, 2024-04-22 10:47

From a young age, we all have an idea of a dream destination that we’d like to call home; somewhere luxurious on the water, or in some cases, a small remote cabin on a lake far from civilization. The idea to call a house or community our own is what most in modern society strive…

The post The Top 5 Cities to Move to in 2024 appeared first on RISMedia.

HomeAdvantage Acquires Real Estate Connection

USA Real Estate News-RISMedia - Mon, 2024-04-22 10:40

HomeAdvantage—a subsidiary of Jason Mitchell Group Holding Partners—announced the acqusition of Real Estate Connection (REC)—a REALTOR® management company and brokerage. REC will now offer the HomeAdvantage product and nationwide MLS for lender accounts. HomeAdvantage is a tech-enabled platform providing nationwide MLS portals along with a nationwide network of real estate professionals, streamlines the home buying…

The post HomeAdvantage Acquires Real Estate Connection appeared first on RISMedia.

HomeAdvantage Partners With Real Estate Connection

USA Real Estate News-RISMedia - Mon, 2024-04-22 10:40

HomeAdvantage—a subsidiary of Jason Mitchell Group Holding Partners—announced a partnership with Real Estate Connection (REC)—a REALTOR® management company and brokerage. REC will now offer the HomeAdvantage product and nationwide MLS for lender accounts. HomeAdvantage is a tech-enabled platform providing nationwide MLS portals along with a nationwide network of real estate professionals, streamlines the home buying…

The post HomeAdvantage Partners With Real Estate Connection appeared first on RISMedia.

CoStar to acquire 3D scanning company Matterport for $1.6B

USA Real Estate News-Inman - Mon, 2024-04-22 09:56
Matterport's board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion.

Power Broker Insights: Building Upon a Family Foundation

USA Real Estate News-RISMedia - Mon, 2024-04-22 08:43

As a third-generation broker, with both his grandfather and father deeply involved in the company business, Steve Fase II naturally gravitated toward real estate. Growing up, Fase watched them working hard every day to help buyers and sellers, and help agents achieve their goals. The impact of building those relationships over the years piqued his…

The post Power Broker Insights: Building Upon a Family Foundation appeared first on RISMedia.

Real estate brokers didn’t fear the lawsuits — until NAR settled: Intel

USA Real Estate News-Inman - Mon, 2024-04-22 04:00
Anxiety around commissions leaped to the top of the worries brokerage leaders face, pushing down concerns around inventory and competition, according to Inman Intel Index survey results.

Lamacchia: ‘Nothing’s changed’ about mortgage commission rules

USA Real Estate News-Inman - Mon, 2024-04-22 04:00
Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer's agents' commissions.
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