news aggregator

Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: While mortgage rates had hit a peak and were nearing the high-end of the 7% range, they have now decreased for the third straight week to 7.18% for the 30-year fixed-rate mortgage and…

The post Mortgage Mix: Buyers Turning to ARMs Due to Elevated Rates; Compass Expands Its Mortgage Business appeared first on RISMedia.

AGNT, the parent company for eXp Realty and NextHome, posted revenue growth despite economic headwinds of high rates and sluggish home demand, the company announced during an earnings call Thursday. Closed real estate sales transactions reached 131,000 in the third quarter of 2026, up 8% year-over-year, alongside a 10% jump in sales volume to $59.3…

The post AGNT Posts 6% Revenue Growth in Q3, Expects ‘Difficult’ Market Into 2027 appeared first on RISMedia.

As Open Real Estate makes headlines around the future of listing flow and control, Compass CEO Robert Reffkin addressed the initiative in the company’s third quarter earnings call, saying Compass “welcome(s) this change.” Reffkin said that Open Real Estate’s plan “actually validates” Compass’s messaging over recent years, and he is “excited to see the four…

The post Compass ‘Welcomes’ Open Real Estate, Sees Record Quarterly Earnings appeared first on RISMedia.

After a successful inaugural competition, RISMedia is bringing back its 2nd Annual Tech Showdown to recognize emerging technology companies developing innovative solutions that could reshape the real estate industry. Open to companies launched within the past one to three years, the competition seeks technologies designed to help brokers and agents improve efficiency, streamline operations and…

The post Nominations Now Open for RISMedia’s 2nd Annual Tech Showdown appeared first on RISMedia.

After over a year of working as CEO, Opendoor’s Kaz Nejatian reported significant growth in revenue and market share during the iBuyer’s Q3 earnings call, and attributed the gains to a shift into AI infrastructure as the company says it has found ways to flip more homes without overpaying. “This past quarter we rebuilt this…

The post Opendoor Says It ‘Rebuilt’ System With AI, Triples Home Purchases appeared first on RISMedia.

A day after the stock market hit the skids big-time, there was good news on the employment front. U.S. employers hired at a vigorous pace in October, adding 165,000 jobs, way above the 65,000 forecast, while the unemployment rate lowered slightly to 4.1% from 4.2%. The report from the U.S. Bureau of Labor Statistics shows…

The post Jobs Jump in October, With Unemployment Dipping Slightly appeared first on RISMedia.

Above, Dane Briggs Phil Sexton, founder of HomeSmart’s NEXT team, has announced his business partnership with fellow Arizona real estate industry veteran Dane Briggs. In this leadership role, Briggs will support the team’s advancement, including the development of agent-focused workflows and AI integrations.  A release writes that Sexton and Briggs have spent the majority of…

The post Real Estate Veteran Dane Briggs Partners with HomeSmart NEXT Founder Phil Sexton in Leadership Role appeared first on RISMedia.