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Company founder Anthony Hsieh, who returned to the executive leadership team in March, says investments in technology, connections to real estate agents and joint ventures with homebuilders will help it scale.
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Sean Varin and Paul Marsh have been promoted to senior roles at Fathom Holdings and Fathom Holdings' subsidiary, Encompass Lending Group. The duo will be responsible for stoking growth opportunities at both companies.
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Executives put a positive spin on prospects for growth, with loan origination volume up 17 percent from a year ago to $32.4 billion and revenue up 5 percent to $613.4 million.
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Despite a year-over-year decline in Q1, CEO Glenn Kelman voiced confidence in a statement on Tuesday as Redfin continued to finalize its $1.75 billion all-stock merger with Rocket Companies.
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The company reported having 81,904 agents at the end of the first quarter amid an ongoing slide in headcount. It also reported its agents sold 2 percent fewer homes in the quarter compared to a year ago.
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The iBuyer also revealed Tuesday that it bought 3,609 homes in the first three months of 2025. That number represents a 4 percent year-over-year increase.
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The team did $180 million in sales volume via 90 transactions last year. Its move to Coldwell Banker comes amid an intense period for agent and team recruiting.
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HomeQuest Realty has returned to Keller Williams after seven years away from the Texas-based franchisor. The firm, which closed $91.9 million in 2024 sales volume, will now operate as Curtis Realty Group.
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Michael Mercurio, the former CEO of the Greater San Diego Association of Realtors and San Diego MLS, alleges wrongful termination as a separate suit against him is set to go to trial in October.
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Iantorno is a top luxury agent in San Diego, with more than $1 billion in sales over a 20-year career. Compass's office exclusives, among other tools, were a big draw, he told Inman exclusively.
