Jeffrey  Tung

Jeffrey Tung

Broker/Owner

License #: 00759449

Realty World - Success

Mobile:
(650) 400-4459
Office:
(650) 552-9670
Toll Free:
(800) 397-9926
Email Me

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Compass Reels in the Dough While Curbing Losses in Q1

USA Real Estate News-RISMedia - Fri, 2022-05-13 14:04

The road to profitability can be arduous, but Compass seems to be making up ground as the tech-focused brokerage saw higher earnings and modestly lower losses in the first three months of 2022.

In its latest earnings report, the New York-based company showed that it raked in $1.4 billion in the first quarter—up 25% from the same period last year. Compass also trimmed its net losses down to $188 million compared to the $212 million in Q1 2021.

Homeowner Equity Climbs in the First Quarter of the Year

USA Real Estate News-RISMedia - Fri, 2022-05-13 14:03

Nearly one of every two mortgaged homes is considered “equity rich,” according to recent data from ATTOM Data Solutions, which released its Q1 2022 U.S. Home Equity & Underwater Report on Thursday.

The report found that 44.9% of mortgaged residential properties in the United States were considered equity-rich. This is defined as homes with a combined estimated amount of loan balances secured by those properties that were no more than 50% of their estimated market values.

Rent Is at an All-Time High, but Renters Still Have Opportunities to Save

USA Real Estate News-RISMedia - Fri, 2022-05-13 14:02

The U.S. rental market is as competitive as it’s been in decades, and renters are facing a variety of challenges. High demand is keeping vacancy rates near all-time lows and pushing rents up almost as quickly as home prices.

Multifamily Rents Record Another Significant Jump

USA Real Estate News-RISMedia - Fri, 2022-05-13 14:01

The average U.S. asking rent rose $15 in April to an all-time record $1,659, with year-over-year growth moderating by 50 basis points but remaining high at 14.3%, according to the latest Yardi® Matrix Multifamily Report released this week.

Commercial/Multifamily Borrowing Jumped 72% in the First Quarter of 2022

USA Real Estate News-RISMedia - Fri, 2022-05-13 14:00

Commercial and multifamily mortgage loan originations increased 72% in the first quarter of 2022 compared to the same period last year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

In line with seasonality trends, originations during the first three months of 2022 year were 39% lower than the fourth quarter of 2021, the report stated.

7 features the world’s wealthiest homebuyers can’t live without today

USA Real Estate News-Inman - Fri, 2022-05-13 13:30
Luxury Portfolio International surveyed more than 4,600 high-income and high-net-worth individuals across more than 20 countries to find out what luxury buyers want now.

How is NAR spending your money? The Real Word

USA Real Estate News-Inman - Fri, 2022-05-13 13:14
This week, Byron Lazine and Nicole White discuss NAR spending and executive compensation plus ShowingTime's Offer Manager.

Brown Harris Stevens’ TikTok has arrived. Here are its 6 best videos

USA Real Estate News-Inman - Fri, 2022-05-13 13:08
The luxury real estate brokerage launched its own TikTok channel last week and will begin offering social media workshops to agents beginning this month. Here are the videos getting the most views so far.

Adam Levine sells LA compound for $51M just 1 month after trading up

USA Real Estate News-Inman - Fri, 2022-05-13 13:03
The singer and his wife, the model Behati Prinsloo, listed their Los Angeles compound less than two months ago for $57.5 million.

Realogy name change, seller dos and don’ts, Instagram must-follows: Inman’s Top 5

USA Real Estate News-Inman - Fri, 2022-05-13 12:28
Looking for a quick catch-up on the buzziest stories of the past seven days? Here's Inman Top 5, the most essential stories of the week, according to Inman readers.

Buyers now snapping up homes in 15 days despite latest wave of rate hikes

USA Real Estate News-Inman - Fri, 2022-05-13 12:18
Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin's latest market report.

‘I’m with Anywhere’: Agents await direction on where Realogy is going

USA Real Estate News-Inman - Fri, 2022-05-13 12:07
Realogy rebranded as Anywhere on Thursday, surprising agents, industry leaders and branding experts, who were mostly upbeat about what the new name means for the company's trajectory.

All new Agently is the resource your agents needed before they left the business: Tech Review

USA Real Estate News-Inman - Fri, 2022-05-13 11:13
Agently has shifted from automated, NLP listing descriptions to a full-fledged, task-driven online coaching assistant for new and growing agents.
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