Tracey Velt breaks down the latest RealTrends 500 rankings
Today’s HousingWire Daily episode features an interview with Tracey Velt, managing editor at RealTrends, a HousingWire sister company. In this episode, Velt discusses the latest RealTrends 500, which ranks the largest real estate brokerages in the country by transaction sides and sales volume.
During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.
For some background on the interview, here’s a brief summary of HousingWire’s coverage of the RealTrends 500:
HomeServices of America Inc. reigned supreme as the largest residential brokerage in America by transaction sides last year, according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass.
HomeServices of America, a subsidiary of Warren Buffett’s Berkshire Hathaway conglomerate, was involved in 343,220 brokerage sides and etched out $150.4 billion in sales volume, according to the RealTrends 500 ranking, which was published this week. Realogy, meanwhile, participated in 333,737 deal sides but won the overall volume game with $184.6 billion in 2020 sales.
There were familiar faces in the next three spots, though the RealTrends 500 analysis took note of some leapfrogging. Publicly traded virtual brokerage eXp Realty, which has grown fantastically, in part due to an unusual revenue-sharing agreement with agents, again placed third by transaction sides, with 238,981 in 2020. Its sales volume in 2020 climbed to $72.2 billion. Compass, which hopes to go public in 2021 at a valuation north of $10 billion, ascended by participating in 144,784. It notched $151.7 billion in sales volume, more than that of HomeServices of America. Top independent brokerage Howard Hanna/Allen Tate was involved in 105,455 transaction sides last year, good for $26.7 billion in sales volume, rounding out the top five.
HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.
HousingWire articles covered in this episode: