eXp Doubles Down Amid Slowing Agent Growth, Falling Transactions
Pioneering virtual brokerage eXp reported slowing transaction volume while still remaining profitable during the challenging market of 2022, taking in $933.4 million in revenue in Q4 2022 as founder Glenn Sanford re-takes the reins as CEO in an attempt to steer his company back toward its pandemic heyday. With a 21% increase in agent count…
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Low Inventory and High Prices Present Challenges for Women Homebuyers
For the past 40 years, single women have been second only to married couples in the homebuying market. While low inventory and high prices present challenges to all buyers, for women, these problems can be compounded. According to National Association of REALTORS® (NAR) data, women typically have less buying power than both married couples and…
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Mortgage Applications Decrease for Fourth Straight Week
Mortgage applications decreased for the fourth-straight week, down 5.7% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending February 24, 2023. This weeks numbers: The Market Composite Index, a measure of mortgage loan application volume, decreased 5.7% on a seasonally adjusted basis…
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