Business
eXp Realty and New Story Raise More Than $600K to Build 100 Homes in Morelos, Mexico
Company Leadership, Contributing Real Estate Agent to Visit Community on June 9 BELLINGHAM, Wash., June 09, 2022 (GLOBE NEWSWIRE) -- Through a joint
About this update from Exp World Holdings, Inc.
[{"type":"text","content":"Company Leadership, Contributing Real Estate Agent to Visit Community on June 9\nBELLINGHAM, Wash., June 09, 2022 (GLOBE NEWSWIRE) -- Through a joint initiative with international nonprofit New Story, eXp Realty has surpassed its goal to raise $600,000 to build 100 new homes in Morelos, Mexico. The eXp fundraising effort began in May 2021 as a response to a 7.1-magnitude earthquake that devastated Morelos, Mexico in September of 2017. From June 9-11, eXp Realty leadership – along with an eXp real estate agent and contributor who won a company raffle to attend the trip – will visit the region to see the homes that the donations made possible. Glenn Sanford, eXp World Holdings Founder, Chairman and CEO, personally matched $300,000 in contributions. “I am so proud of our eXp Realty agents, brokers and staff for their generosity and support of this life-changing initiative,” Sanford said. \"It is rewarding to see the impact of our efforts to provide housing that will transform this community.\" An estimated 1.6 billion people throughout the world currently live in inadequate shelter. New Story aims to change that with innovation and through partnerships such as eXp Realty. Working with local partners, New Story transforms communities with safe, sustainable homes using Ecoblock. This resilient building material made from compressed earth is four times stronger than traditional cinder blocks, is more affordable than traditional construction materials, easier to reuse and creates less waste. The construction approach also fueled the local economy by sourcing local material paid at fair prices. eXp Realty is headquartered in the United States and opened brokerage operations in Mexico in November 2020. It was the first Spanish-language country in the global expansion for eXp Realty and the perfect fit for the company’s community-based culture. “New Story is honored to partner with eXp Realty,” said Brett Hagler, Founder and CEO of New Story. “Their commitment to excellence and innovation perfectly mirror our DNA as an organization, and their generosity will now empower hundreds of people with the life-changing gift of a forever home.” About eXp World Holdings, Inc.eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises. eXp Realty is the fastest-growing real estate company in the w...