Celebration, FL, April 21, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a real estate and PropTech company, today announced the successful implementation of its strategic collaboration with Lofty, an AI-powered productivity platform that aims to enhance agent performance and accelerates business growth. The platform supports La Rosa's network of over 2,700 agents while advancing the Company's ongoing national expansion strategy. Since its launch in November 20 ...

Core Viewpoint - KE Holdings Inc. will hold its annual general meeting (AGM) on June 13, 2025, to consider proposed resolutions supported by the board of directors [1][2]. Group 1: AGM Details - The AGM is scheduled for 10:00 a.m. Beijing time on June 13, 2025, at the Oriental Electronic Technology Building in Beijing [1]. - Shareholders of ordinary shares and American depositary shares (ADSs) as of May 13, 2025, are entitled to attend and vote at the AGM [2]. Group 2: Financial Reporting - The company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC) [3]. Group 3: Company Overview - KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services in China, operating under the Lianjia brand [4]. - The company has over 23 years of experience through Lianjia, which supports its infrastructure and standards for housing transactions [4].

Core Insights - La Rosa Holdings Corp. reported a significant increase in revenue and gross profit for the year ended December 31, 2024, with total revenue reaching $69.4 million, a 119% increase year-over-year, and gross profit increasing by 110% to $6.0 million [1][3][8]. Financial Performance - Total revenue for 2024 was $69.4 million compared to $31.8 million in 2023, marking a 119% increase [7][8]. - Residential real estate services revenue surged by $36.6 million to $57.0 million, representing a 179% increase from $20.5 million in 2023 [7][8]. - Gross profit rose by approximately $3.1 million, or 110%, to $6.0 million for 2024 from $2.8 million in 2023 [8]. - The company reported a net loss of $15.9 million for 2024, compared to a net loss of $9.3 million in 2023, with a loss per share of $(0.79) [9][19]. Strategic Initiatives - The company is expanding internationally, starting with Spain, to unlock new revenue opportunities and enhance its global presence [4]. - La Rosa Holdings has engaged in strategic acquisitions, completing eight acquisitions in 2024, which contributed to revenue growth [3][7]. - The company aims to achieve profitability in 2025 by expanding into new markets, acquiring additional brokerage firms, and leveraging technology for operational efficiencies [5]. Operational Highlights - The agent network has grown to over 2,500 agents, supported by a scalable, agent-first brokerage model that offers flexible compensation options [3]. - The introduction of the LR Agent Advance program provides agents with upfront access to pending commissions, creating an additional recurring revenue stream for the company [4]. - Selling, general, and administrative costs for 2024 were approximately $11.6 million, up from $4.8 million in 2023 [7]. Future Outlook - The revenue forecast for 2025 remains at $100 million, indicating confidence in the company's growth strategy [4]. - The company has received a 180-day extension from Nasdaq to comply with the minimum bid price rule, allowing time to execute strategic initiatives [4].

Core Insights - Douglas Elliman Realty has launched Elliman.com, a luxury lifestyle website featuring an AI-powered property search platform called Elliman Inspirations, aimed at enhancing the home discovery experience [1][2][3] Group 1: Digital Platform Features - Elliman Inspirations offers personalized property searches and a collaborative space for agents and clients, utilizing AI technology to monitor preferences and provide relevant suggestions [3][4] - The platform allows clients to search for properties using images, track favorite listings, and organize searches into personalized folders [6][4] - Real-time collaboration features enable agents and clients to share insights, build collections of listings, and enhance the overall search experience [6][4] Group 2: Lifestyle Integration - World of Elliman serves as a digital lifestyle hub, celebrating the unique passions and properties that inspire clients, thus redefining the real estate experience beyond mere transactions [2][7] - The platform aims to curate lifestyles that reflect personal achievements and global perspectives, merging luxury with purpose [7][8] - Exclusive publications and partnerships, such as those with Knight Frank Residential, provide insights into global trends among high-net-worth individuals, enhancing the content offered to clients [8][9] Group 3: Company Vision and Commitment - Douglas Elliman emphasizes innovation and entrepreneurship, aiming to transform the home search process into an immersive and tailored journey [3][4] - The company is committed to helping agents build meaningful connections with clients, enhancing the real estate journey through advanced technology and personalized service [4][9] - Douglas Elliman operates in multiple states across the U.S. and invests in disruptive property technology solutions, positioning itself as a leader in the luxury real estate market [9][1]

Core Insights - Oralia Herrera, Broker/Owner of CENTURY 21 TK Realty Inc., has been appointed as the 2025 President of the National Association of Hispanic Real Estate Professionals (NAHREP), marking a significant achievement for the CENTURY 21 brand in its long-standing relationship with NAHREP [1][3][5] Group 1: Leadership and Advocacy - Herrera has a 35-year background in the real estate industry and has been actively involved in NAHREP, including founding NAHREP Chicago North and serving on the National Board of Directors [3][4] - As NAHREP President, Herrera aims to advocate for Hispanic homeownership and empower Hispanic real estate professionals across the nation [3][4] Group 2: Hispanic Homeownership Trends - The 2024 NAHREP State of Hispanic Homeownership Report indicates that, despite a slight decline in the overall U.S. Hispanic homeownership rate, the number of Hispanic households owning homes has reached an all-time high, contributing to over a third of total homeownership growth in the U.S. for the second consecutive year [4][7] - The CENTURY 21 brand recognizes the importance of Hispanic consumers in the future of homeownership and is committed to enhancing representation within the industry [4][5] Group 3: Brand Commitment and Resources - CENTURY 21 has a network of independent agents and brokers, with nearly 10% identifying as Spanish-speaking, equipped with resources to cater to the unique needs of Hispanic home buyers and sellers [4][5] - The brand emphasizes the importance of advocacy and access to resources for all communities to achieve homeownership, aligning with NAHREP's mission [5]

Core Insights - RE/MAX Holdings, Inc. announces the retirement of Motto Mortgage and wemlo President and CEO Ward Morrison, effective June 15, 2025, with Morrison remaining in a consultative role until the end of 2025 [1][4] Company Overview - RE/MAX Holdings, Inc. is a leading franchisor in the real estate industry, operating under the RE/MAX® brand globally and the Motto® Mortgage brand in the U.S. [6] - The company was founded in 1973 and has grown to over 145,000 agents in nearly 9,000 offices across more than 110 countries, making it the largest real estate sales organization in terms of total residential transaction sides [6] Leadership Transition - Morrison played a crucial role in the development and launch of Motto Mortgage in 2016, establishing a unique business model that supports entrepreneurs in building mortgage businesses [2][5] - Adam Sartin, Vice President of Franchise Growth & Development, will lead the Motto Mortgage and wemlo brands during the search for Morrison's successor [4] Morrison's Contributions - Morrison's leadership has significantly impacted the real estate and mortgage industries, and he expressed pride in the accomplishments of Motto Mortgage since its inception [5][6] - His decision to retire is influenced by personal reasons, including a focus on family and personal fulfillment [3][4]

Core Insights - Sotheby's International Realty announced the addition of HRLS Partners, a leading luxury real estate team, which has achieved a total lifetime sales volume of $2.42 billion and nearly 1,300 transactions [1][2] - HRLS Partners has been recognized as one of the "Top 1,000 Agent Teams in America" and achieved the highest average sales price of $3 million in the Capital Region in 2023 [2] - The partnership aims to leverage Sotheby's global brand and marketing resources to enhance their service offerings in the luxury real estate market [4] Company Overview - HRLS Partners consists of four members with a combined 70 years of experience in luxury real estate across D.C., Maryland, and Virginia [2] - The team recently completed a notable sale of an estate for $11.2 million in McLean, Virginia [2] - TTR Sotheby's International Realty will now operate 13 offices in the Washington, D.C. area, with HRLS Partners helping to establish a new office in Cleveland Park [3] Strategic Growth - The addition of HRLS Partners is seen as a significant milestone in TTR Sotheby's strategic growth, enhancing their presence in the luxury market [3] - The partnership is expected to create exceptional opportunities for both clients and agents, leveraging HRLS's market knowledge and reputation for excellence [3] - Sotheby's International Realty has a global network that spans 84 countries and territories, providing extensive marketing exposure for listings [4][6]

Core Points - Michelle Fermin of CENTURY 21 North East has been inducted into the CENTURY 21® Dick Loughlin International Hall of Fame for her contributions to the real estate profession and community service [1][2][3] - The Hall of Fame recognizes elite independent sales professionals within the CENTURY 21 System, requiring a minimum of 10 years of affiliation and eight years at CENTURION® level production [2] Company Overview - Century 21 Real Estate LLC is a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS) and operates over 11,000 offices across 79 countries, employing more than 130,000 independent sales professionals [6][7] - The company provides industry-leading tools, resources, and marketing assets to its members, enhancing their ability to serve clients effectively [6] Achievements and Contributions - Fermin has led her team, The Fermin Group, to significant industry recognitions, including being ranked as the 5 Top Latino Team by the National Association of Hispanic Real Estate Professionals in 2024 and the CENTURY 21 1 Obsessed 6 Team in the US by AGC in both 2023 and 2024 [3][4] - Fermin is also the founder of We Women United, a nonprofit organization aimed at supporting women in business, and has initiated the Andres Castañeda Real Estate Scholarship to honor a late team member and support aspiring real estate agents [3][4] Community Engagement - Fermin actively participates in local afterschool programs to educate aspiring real estate professionals and has been involved in community service initiatives that empower young women facing domestic challenges [4]

Core Insights - Georgia's real estate market is currently experiencing significant demand from homebuyers, driven by both relocations and the establishment of secondary homes in cities like Atlanta and Savannah [1][6][10] - SERHANT, a New York-based real estate brokerage, has expanded into Georgia, launching operations in Savannah in February and Atlanta in November of the previous year [2][3] - The state's economy is vibrant, with a reported 3.1% growth in 2024 and the creation of 60,400 jobs, contributing to the real estate market's strength [5][10] Economic Factors - The presence of Fortune 500 companies in Atlanta and significant job creation in Savannah, including Hyundai's multi-billion-dollar investment, are key drivers of the local economy [3][10] - Georgia's real estate market saw over 121,500 closed sales and nearly 121,900 pending sales in the previous year, reflecting slight increases of 0.3% and 0.5% respectively [6] - The median sales price of homes in Georgia increased by 2.9% year-over-year, indicating ongoing demand in both urban and suburban areas [6] Market Trends - There is a notable balance in demand between urban and suburban areas, with a 50-50 split in buyer interest, influenced by lifestyle changes post-COVID [7][8] - Atlanta's entertainment industry, including a growing film and music scene, is attracting more residents and contributing to the real estate market's appeal [9] - The city experienced a 4.9% increase in pending home sales and a 3.4% increase in closed sales during 2024, showcasing a healthy market [10] Future Projections - SERHANT anticipates a potential tenfold increase in the Georgia real estate market over the next five years, contingent on job growth and interest rate trends [11][12] - The Selig Center for Economic Growth predicts Georgia's population will grow at double the national average by 2025, further supporting real estate demand [15] - By 2050, the Atlanta region is expected to see an increase of 1.8 million in population, indicating long-term growth potential for the housing market [16]

Core Insights - eXp Realty has recognized its top-performing agents and teams for 2024, highlighting excellence in sales volume and transaction sides, which sets a high standard for the real estate industry [1][2] Company Overview - eXp Realty is a core subsidiary of eXp World Holdings, Inc. and is described as the largest independent real estate brokerage globally, with nearly 83,000 agents across 25 international locations [6] - The company operates as a cloud-based, agent-centric brokerage, offering industry-leading commission splits, revenue share, and equity ownership opportunities [6] Top Performers - Top Individual Agent in Sales Volume: Chandra Vennapusa closed $101,252,631 in sales on 98 sides [8] - Top Individual Agent in Sides Closed: Lori Adamson closed 271 sides [8] - Top Team in Sales Volume: Kyle Whissel's team closed $609,442,262.02 on 782 sides [8] - Top Team in Sides Closed: The Pemberton Homes Team closed 1,204 sides [8] - Top Team in Canada: Justin Havre's team closed $509,349,077.76 in sales volume and 918.92 sides [8] - Top Individual Agent in Canada: Gary Geng closed $136,207,204.77 on 47 sides [8] - Top Individual Agent by Sides Closed in Canada: Shannon Runcie closed 125.25 sides [8]