SAN FRANCISCO and BELLINGHAM, Washington, September 21, 2021 (GLOBE NEWSWIRE) – eXp Realty has announced a joint initiative with New Story, a non-profit organization that launches solutions to end homelessness around the world, to build 100 homes in the Morelos region of Mexico, which was devastated by a 7.1 magnitude earthquake in September 2017 and is still trying to rebuild after four years. eXp Realty is committed to fundraising from its employees and agent network, and in addition, Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings, has pledged up to $ 300 $ 000 in contributions with a goal of $ 600,000.
With the help of corporate donations and matching donations, each house costs an average of $ 6,000 in construction costs and New Story is working with local partners, with community trust and cultural skills, to complete these constructions. . The result transforms dangerous living environments, including those affected by natural disasters, into safe and sustainable home communities. One hundred percent of donations collected through eXp Realty will be directly applied by New Story to hire local workers and purchase local materials for the construction of homes. Once families move in, New Story studies the community over time to measure the exact impact a safe home has on the lives of families.
“We are honored to work with New Story to provide sustainable and relatively inexpensive homes because we know how important a home is to families no matter where they live,” said Sanford. “We are passionate about improving lives and helping communities around the world and this part of Mexico continues to need housing for those affected. I personally wanted to show my commitment with this matching gift to help build safe and sustainable homes.
The homes will be built using Ecoblock, a durable and resilient building material made from compressed earth that is four times stronger than traditional breeze blocks. Composed of 90% earth and 10% concrete, Ecoblocks are more affordable than traditional building materials, are easier to reuse and generate less waste. The construction approach also fuels the local economy by sourcing local materials paid for at fair prices.
“We see every day how eXp Realty agents around the world operate from a goal-oriented perspective and this partnership with New Story is an opportunity to work together to make a real difference in the communities in which we operate,” said Michael Valdes, President of eXp Global. “The matching gift from our Founder and CEO illustrates the sincere commitment of our leaders to give back and do what we can to help those in need find a place to call home. “
eXp is headquartered in the United States and opened brokerage operations in Mexico in November 2020. It was eXp’s first Spanish speaking country in its global expansion and the perfect fit for eXp’s community culture.
“Our goal is to improve the resilience of communities over the long term,” said Brett Hagler, CEO of New Story. “The eXp Realty partnership allows us to continue to implement sustainable innovations to provide the lasting stability families deserve.”
It is estimated that 1.6 billion people worldwide currently live in inadequate housing. New Story aims to change that through innovation and through partnerships such as eXp Realty. To learn more about the partnership between eXp Realty and New Story, visit newstorycharity.org/exp-realty.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company of eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises.
eXp World Holdings and its global brokerage firm, eXp Realty, is one of the world’s fastest growing real estate technology companies with over 64,000 agents in the United States, Canada, United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany, and continues to expand internationally. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to the overall growth of the business. eXp World Holdings and its businesses offer a full suite of real estate brokerage and technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. Cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive.
For more information visit https://expworldholdings.com.
Safe Harbor Declaration
Statements contained in this document may include statements of future expectations and other forward-looking statements that are based on the current beliefs and assumptions of management and involve known and unknown risks and uncertainties that could cause actual results, performance or events differ materially from those expressed or implied. in such statements. These forward-looking statements speak only as of the date hereof, and the company assumes no obligation to revise or update them. These statements include, but are not limited to, statements on the economic and social effects of the COVID-19 pandemic; the continued growth of our agent and broker base; the expansion of our residential real estate brokerage activities in foreign markets; the demand for remote work and distance learning solutions and virtual events; the development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expenditure growth at modest levels while increasing income; and other risks detailed from time to time in filings with the Securities and Exchange Commission, including, but not limited to, the latest Quarterly Report on Form 10-Q and the Annual Report on Form 10-K .
About the new story
New Story is a non-profit organization that works to create a world where no human being lives in survival mode. The organization is currently working in Mexico, Haiti, El Salvador and Bolivia, where it has funded more than 2,300 homes for families in need. Their 100% model ensures that every penny of every donation goes towards building houses while the overhead costs of their organization are covered by private donors. Learn more about newstorycharity.org.