Brokerage Beat: News from Michael Saunders, Christie's, BHGRE, KW, more
A promotion at Florida powerhouse MSC; Christie's nabs $1B Park City team; a BHGRE merger in Appalachia; 14-agent team joins KW in New Jersey; and more news.
April 5, 2025
Real Estate News: The latest news for agents and other pros.
- How Compass staged its pre-marketing blitz in SeattleBrokerage leadership coordinated a private listings push in the region despite MLS rules restricting pre-marketing — and the risk of steep fines for agents.April 4, 2025
- Will job growth and lower rates be enough to motivate buyers?Today’s jobs data was stronger than expected, and mortgage rates hit a 5-month low. That could boost home sales if economic anxiety doesn’t scare buyers away.April 4, 2025
- New data: Private listings offer ‘no benefits to sellers’Though the number of office exclusives is rising, a new report from Bright MLS found no financial advantage to pre-marketing a home off the MLS.April 3, 2025
- Expect a ‘mortgage rate roller coaster’ following new tariffsRates may drop in the short-term before inflation ramps up, but stock market volatility, higher prices and rising unemployment could stall home purchases.April 3, 2025
- Agents are making more money despite the tough marketA new Redfin survey found that many agents reported higher income in 2024 than in 2023, but concerns about the economy and industry changes persisted.April 3, 2025
- How federal workforce cuts are impacting the DC marketA new analysis indicates DOGE’s widespread termination of federal employees has not significantly impacted the D.C. housing market.
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- The US needs 40 million more low-cost homesThe number of households that can only afford homes under $300K far exceeds the supply at that price point, while there is a glut of homes valued at $2M and up.April 2, 2025
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More News
- New CEOs at Peerage, NTREIS; NAHREP president installedPeerage, the No. 10 brokerage by sales volume, names Tara Brown as CEO. Texas’ largest MLS also gets a new leader, and Oralia Herrera begins her term at NAHREP.April 2, 2025
- Compass retains the top spot among US brokeragesWith over $231 billion in sales volume last year, the firm — which has been on an acquisitions spree — ranked No. 1 in the Mega 1000 list of top brokerages.April 2, 2025
- Brokerages have 3 options after Clear Cooperation decisionWith NAR opting to keep the CCP with a “delayed marketing” alternative, industry leaders say firms should prepare their “counter move” to stay competitive.April 1, 2025
- MLS PIN deal finally gets judge’s OK despite DOJ pushbackThe $3.95 million settlement aligns with NAR math, but unlike NAR’s agreement, allows the Massachusetts MLS to continue displaying offers of compensation.April 1, 2025
- Gibson plaintiffs don’t get to block eXp, Weichert dealsThe judge in Georgia’s Hooper case said the Missouri home sellers can file objections but can’t intervene to stop the settlement process from moving forward.March 31, 2025
- People on the Move: Motto Mortgage CEO retiringWard Morrison, who leads RE/MAX Holdings' mortgage divisions, was RE/MAX’s VP of regional operations prior to Motto's launch in 2016.March 31, 2025
- Milestones: MetroTex, CCAR move forward with merger plansMembers will make the final call, and if approved, the move will create “a unified voice” in North Texas ”at a time when our industry demands it.”March 31, 2025
- Belief in ‘forever homes’ is dwindling, survey findsMost first-time sellers who bought during the pandemic report having regrets, and many are preparing to give up the home they thought they’d stay in for life.March 31, 2025
- NWMLS responds to Compass, blasts efforts to ‘gatekeep’ listingsCountering criticism from Compass’ Robert Reffkin, the CEO of the Washington-based MLS said private networks are designed to benefit brokerages, not consumers.March 31, 2025
- Rocket follows Redfin deal with acquisition of mortgage rivalRocket makes $9.4 billion move to buy Mr. Cooper and “bring together the homeownership experience at scale” — posing a bigger threat to Zillow’s “super app.”March 31, 2025
- ‘Unfiltered’: Over $480B in sales moved with agents last yearWatch the conversation with real estate recruiting expert Sean Soderstrom as he shares data-driven advice on finding — and keeping — top talent.March 29, 2025
- Brokerage Beat: News from Sotheby's, KW, ERA, moreD.C. luxury team trades Compass for TTR Sotheby's; KW expands in Caymans, Arkansas; ERA targets baseball fans in new campaign, nabs Georgia affiliate; more.March 29, 2025
- Tech Bytes: Markt, Voiceflip partner on AI-powered MLS toolARDI AI gets trained to provide quick answers to MLS users; Stellar adds Rayse to shine a light on agents’ efforts to support clients.March 28, 2025
- For mortgage rates, bad news is good newsKeeping an eye on economic factors like growth, inflation and government borrowing can provide hints about where mortgage rates are headed.March 28, 2025
- NAR cuts 61 jobs, highlights strategic shiftThe association said that eliminating 41 existing jobs and 20 open roles was part of an effort to cut costs and better support members and consumers.March 28, 2025
- Windermere and Compass spar over Clear CooperationLeaders of the two brokerages traded barbs over private listings, hurling accusations of anticompetitiveness, self-interest and efforts to double-end deals.March 27, 2025
- Slow pace of home sales points to a subdued spring seasonPending sales are trending behind last year as high prices, economic uncertainty weigh on consumers — but there are positive signs in the new home market.March 27, 2025
- Fannie and Freddie privatization push gains momentumThe new FHFA director's involvement with the two boards suggests that decades-long government oversight could soon end.March 27, 2025
- Nosalek parties make final pitch to move settlement forwardMLS PIN and the plaintiffs refuted the DOJ’s recent claim that the agreement only “maintains the status quo”; Keel, Gibson lawyers ask for their paychecks.March 27, 2025
