Newfound Group

BREAKING: The number of full-time real estate agents and brokers in the US dropped to 440,000 in 2023, the least since 2014. The real estate agents count fell 72,000 year-over-year, or 14%, marking the largest drop since 2008. The number of members in the National Association of Realtors is now down 100,000 since 2022, to ~1.5 million. In July, pending home sales plummeted to their lowest level on RECORD, even below the 2020 pandemic levels when the housing market halted. With mortgage demand at 30-year lows, the housing market is stalling. Agents are dropping quickly.

@COsports55 @Fire5280 @HomeRise and @Houwzer already are. I've sold half a dozen homes with them, had numerous friends use them. The experience has been excellent for everyone involved.

As we stand at the brink of this industry-wide transformation, every real estate brokerage faces a pivotal decision: to wholeheartedly adopt the essence of this settlement or reluctantly push back. We choose wholehearted adoption.

It's time to usher in a pro-consumer real estate model. Our CEO @MikeMaherPHL recently published a blueprint for what real estate reform should look like, leading with consumer savings at the top. What do you think?

Single-family rental businesses or “SFRs” have often been called “the big bad wolf.” @MikeMaherPHL had a hot take at the Blue Print conference that might suggest otherwise… #AffordableHousing #SFR

With interest rates at 7%, homeownership is still a great way to create generational wealth 📈 Let's encourage builders to continue to build so we can make sure everyone has the opportunity to benefit from homeownership. #GenerationalWealth #Homeownership #InterestRates

The average interest rate in America over the last 30 years? 8% We’re still below that. Money may not be “free” anymore, but homeownership remains as a great option for creating generational wealth. #HomeOwnership #InterestRates #GenerationalWealth

I'm excited to share "Newfound's Perspective on the NAR Settlement and the Path Towards Industry Transformation." @NewfoundGroup @Houwzer @Trelora @HomeRise @WSJ @nytimes @Inman @bizjournals @NicoleFriedman linkedin.com/pulse/newfound…

Thanks, @NicoleFriedman & @WSJ, for including @NewfoundGroup in your recent coverage on the future of buyer agent commissions. @Houwzer @Trelora & @HomeRise are here to stay. Stay tuned for our official statement later this week. wsj.com/real-estate/a-…

Hey, @elonmusk, I've been 'eating glass and staring into the abyss' for almost a decade now w/ @Houwzer and now @NewfoundGroup. The tides are turning, and now is the time to transform another behemoth industry in service of the customer. You in? linkedin.com/pulse/open-let…

Honored to be selected by @Inman for its 2023 Best of PropTech Award in the #entrepreneurs category. All the credit goes to the employees (past, present, and future) who helped get us here. Excited to keep pushing industry transformation forward! @NewfoundGroup @Houwzer @Trelora

The first domino has fell. “Inflated commissions have plagued the American consumer for far too long. The entire system has been set up to preserve brokerage commissions as opposed to preserving consumer equity.” @NewfoundGroup @Houwzer @Trelora @TryHomie newfoundgroup.com/sitzer-burnett…

@Houwzer and @Trelora are going national! Introducing Newfound—an expansion that brings more value, savings, and innovative products to our clients. #Growth #RealEstateInnovation #realestate Check us out 👉 loom.ly/iQtoh0w

Our purpose at @Houwzer and @Trelora has always been a north star to guide us. Thanks #RealLeaders for the inclusion on the #impact awards list (#115 out of #300 and #4 in Real Estate) alongside @BOMBAS, @WarbyParker, @cotopaxi real-leaders.com/ypo-spring-202…

Excited 2 share @Houwzer's #acquisition of @Trelora. We intend to transform the #RealEstate industry in service of the customer. Thanks @Dalrymple @Inman for the coverage. @edisonventure @AdmiralCapital @zabusky @DanHerscovici @montyfmoran @GAustinAllison inman.com/2022/12/13/fla…