What’s new and what’s next, post-NAR commissions deal?
Real Estate News
APRIL 20, 2024
The Supreme Court passes on a chance to weigh in, objections pile up, and Fannie and Freddie say it’s all right to exclude commissions from seller concessions.
Real Estate News
Brokerage Beat: News from Real, Corcoran, C21, BHGRE, Sotheby's
Real Estate News
APRIL 20, 2024
Real nabs top Chicago team; Rabbitt Group forms at Corcoran Reverie; Baltimore indie joins C21; Oklahoma firm signs on with BHGRE; Sotheby's opens in Poland.
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People on the Move: Chicago Association of Realtors president resigns
Real Estate News
APRIL 19, 2024
Drussy Hernandez said the move was necessary due to “external professional obligations.” CAR president-elect Erika Villegas will take over the role on May 15.
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Racial disparity in appraisals continues to improve
Real Estate News
APRIL 19, 2024
After encouraging reports from 2022, new data shows the appraisal gap continued to shrink throughout much of the U.S. in 2023.
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Top portal rivals show mutual support for buyer agency
Real Estate News
APRIL 19, 2024
This week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry.
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Inventory is way up in Florida — but prices are still rising
Real Estate News
APRIL 19, 2024
Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.
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Why is housing supply so low? Blame local zoning
Real Estate News
APRIL 18, 2024
Two U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.
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Mortgage interest rates soar above 7%, reaching new 2024 high
Real Estate News
APRIL 18, 2024
No rate relief is expected soon, and home prices are also setting records this spring, suppressing existing home sales.
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KW responsible for agent spam calls, judge rules
Real Estate News
APRIL 18, 2024
A Pennsylvania judge concluded the brokerage company has personal jurisdiction in a telemarketing lawsuit involving agents from a franchise office.
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Agents optimistic about the market, concerned about buy-side pay
Real Estate News
APRIL 16, 2024
A new survey from Real Brokerage offers insight into agent sentiment and how they really feel about the industry changes set to go into effect this summer.
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Major homebuilder objects to commissions settlement process
Real Estate News
APRIL 16, 2024
PulteGroup, which potentially has thousands of claims as a seller, raised concerns about “needless and time-consuming” paperwork and lack of transparency.
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Commissions won't count against limits, Fannie and Freddie say
Real Estate News
APRIL 16, 2024
The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.
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Brokerage Beat: News from Corcoran, Real, E&V, more
Real Estate News
MARCH 30, 2024
Corcoran launches in Oregon; Real expands in NorCal, Pennsylvania; E&V adds Long Island shop; The Agency opens in Edmonton; Christie's expands in Barbados & NJ.
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Opendoor: We’re ‘built for’ post-settlement world
Real Estate News
MARCH 29, 2024
In a blog post, CEO Carrie Wheeler said the NAR deal and rule changes would be a boon for the company: “We’ve never been so optimistic about the future.
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Down payments, cash offers rise in response to interest rates
Real Estate News
MARCH 29, 2024
Despite a less competitive market for buyers, cash remains king — not to win bidding wars, but to avoid inflated financing costs.
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What every real estate professional needs to know about the MLS
Real Estate News
MARCH 29, 2024
In the first of a three-part series, RESO CEO Sam DeBord explains what an MLS is — and what it isn't — and how definitions of the MLS can vary.
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T3 Sixty suspends release of real estate brokerage ranking
Real Estate News
MARCH 28, 2024
The company made the move after hearing from “numerous” privately owned companies involved in high-stakes lawsuits over commissions.
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Pacaso adds third-party listings, DIY co-ownership option
Real Estate News
MARCH 28, 2024
The fractional ownership platform, co-founded by former Zillow CEO Spencer Rascoff, said its latest move “opens up thousands of new listings nationwide.
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Industry seeking clarity — and change — in FHA and VA lending
Real Estate News
MARCH 28, 2024
NAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.
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Arguments against consolidation dominate hearing
Real Estate News
MARCH 28, 2024
Judges heard from both defendants and plaintiffs on Thursday who spoke about the “burdensome” nature of consolidation and the local nature of the cases.
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Mortgage rates creep down, but not enough to tempt buyers
Real Estate News
MARCH 28, 2024
Mortgage apps dropped this week even as rates fell, but pending sales began to show signs of life.
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Northwest MLS criticizes DOJ commissions stance
Real Estate News
MARCH 27, 2024
The 35,000 member multiple listing service calls the DOJ’s statement of interest an “ill-informed” interpretation of its compensation practices.
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California homeowners face another insurance company pullout
Real Estate News
MARCH 27, 2024
State Farm, which stopped issuing new homeowner policies in the state last year, will no longer renew existing policies starting in July.
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Judge says Sitzer/Burnett will remain a class action
Real Estate News
MARCH 26, 2024
HomeServices of America’s decertification request was denied, and the case will now shift to other post-verdict motions, including a request for a new trial.
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It's cheaper to rent than buy in nearly every big city
Real Estate News
MARCH 26, 2024
A new report from Realtor.com looks at the cost gap between renting and owning and finds that many markets are now significantly more favorable to renters.
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2019 commissions case now on track for January trial
Real Estate News
MARCH 26, 2024
The Moehrl suit, like Sitzer/Burnett, was filed 4 years ago and has just one defendant left: HomeServices of America, which hasn't chosen to settle.
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OJO acquires The LEAD Syndicate, launches new platform
Real Estate News
MARCH 12, 2024
Along with the acquisition, the companies unveiled a new solo agent suite called Lever by Movoto and said OJO products will now use the Movoto brand.
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Hispanic homeownership trends reflect challenges, opportunities
Real Estate News
MARCH 12, 2024
A new NAHREP report shows that despite the tough market, Latinos found creative routes to homeownership in 2023, such as co-borrowing, but barriers remain.
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Will NAR ‘become a shadow of its current self’ in 2 years?
Real Estate News
MARCH 12, 2024
The association reported a fourth month of membership declines, with membership falling below 1.5 million for the first time in nearly three years.
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U.S. Housing Secretary Marcia Fudge to step down
Real Estate News
MARCH 11, 2024
Fudge, a longtime advocate for affordable housing, announced she will leave her HUD post on March 22.
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Mortgage rate dip leads to jump in activity
Real Estate News
MARCH 7, 2024
Rates fell slightly this week, ending a four-week run of increases, and mortgage applications were up nearly 10%. Inventory and consumer sentiment are also up.
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Real posts big gains in agent count, revenue and transactions
Real Estate News
MARCH 7, 2024
Fourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.
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Opendoor dropped from Nevada commissions lawsuit
Real Estate News
MARCH 7, 2024
The Whaley case had been the only major copycat lawsuit to name the company as a defendant.
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AI is so much more than ChatGPT — here’s what you need to know
Real Estate News
MARCH 7, 2024
Products that just scratch the surface of what AI can do are giving real estate “a bad rap,” but there are ways to go deeper (without getting in too deep).
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Precarious post-verdict market, competition a threat to Zillow
Real Estate News
MARCH 6, 2024
A Wall Street hedge fund manager is sounding the alarm on Zillow’s market dominance, suggesting that its revenue and traffic are at risk.
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Will judges merge commissions copycats into one huge case?
Real Estate News
MARCH 2, 2024
Defendants have submitted dozens of responses to a consolidation proposal — and most oppose the move.
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Brokerage Beat: News from E&V, Corcoran, Compass, The Agency
Real Estate News
MARCH 2, 2024
Top broker moves to E&V Kirkland; Corcoran lands Espinal Adler Team in NYC, launches in Mass.; NY “Super Brokers” join Compass; The Agency open in Mexico City.
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People on the Move at CoreLogic, BHGRE and Realtracs
Real Estate News
MARCH 1, 2024
CoreLogic promotes Kevin Greene to real estate GM; BHGRE appoints Karrie-Ann Sheppard as VP of Learning; Realtracs creates 3-member advisory board.
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A strong start to the year for new home sales
Real Estate News
FEBRUARY 26, 2024
Sales of new homes rose in January and inventory remained robust. Median prices were up even as some builders continue to offer buyer incentives.
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Homeownership is up, but minorities continue to lag behind
Real Estate News
FEBRUARY 21, 2024
A new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.
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MLSs ask court to dismiss Zillow, ShowingTime lawsuit
Real Estate News
FEBRUARY 21, 2024
ARMLS and Metro MLS respond to “monopoly” claims, contending that its showing management platform leads to increased competition, not less.
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Real estate industry awards: Can we be better?
Real Estate News
FEBRUARY 21, 2024
Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.
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3 top takeaways as the DOJ takes on commissions
Real Estate News
FEBRUARY 17, 2024
The newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.
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Brokerage Beat: News from Real, Compass, The Agency, C21
Real Estate News
FEBRUARY 17, 2024
Real passes 15,000 agents, adds Virginia firm; SF team returns to Compass; The Agency launches in Oklahoma City; Century 21 raises $3M for Easterseals.
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