AJ LaTrace

Director, News Reporting

AJ has covered real estate for the last decade as a reporter and editor for publications including Vox Media's Curbed, Chicago magazine and Business Insider. At Business Insider, AJ led the brand's coverage of how everyday people invest in real estate as a means of gaining financial independence, and he reported on big-picture trends and pain points in the broader U.S. real estate market. AJ is based in Chicago, where he also moonlights as a small-time landlord.

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Redfin brings new agent pay model to 7 more markets
Redfin Next, which offers “competitive splits” while continuing to provide agents with employee benefits, has expanded to major markets across the U.S.
March 21, 2024
NAR seeks to clarify commissions settlement details
In a call with media, NAR reps sought to dispel confusion and misinformation coming out of the March 15 settlement announcement.
Updated April 12, 2024
eXp ‘expecting a whole lot of creativity’ in wake of NAR deal
During a livestream with nearly 50,000 viewers, eXp leaders discussed NAR’s proposed settlement while agents flooded the chat with reactions.
March 18, 2024
Strong reactions to NAR commissions deal
Opinions on the settlement range from concern that it will “spell disaster” for buyers to optimism that the quality of agent services will improve.
Updated March 19, 2024
What agents need to know about commission rule changes
As a part of its proposed settlement, NAR agreed to significant policy changes that will impact how all agents do business — and how buyer agents get paid.
March 15, 2024
NAR reaches $418 million deal to settle commissions lawsuits
The settlement, which still requires court approval, adds a new rule prohibiting offers of broker compensation on the MLS.
March 15, 2024
Agent optimism up as new listings surge
A national survey of 1,900 real estate agents found that most are anticipating a good market in the coming six months.
March 14, 2024
eXp paid out more than $230M in rev share and stock last year
In a new compensation report, eXp said it paid agents and brokers nearly $198 million in revenue share and $34.7 million in EXPI shares.
March 13, 2024
Redfin opens buyer agreement rebate program nationwide
The brokerage said the program, which launched as a pilot in September, is “good for our customers, our agents and our growth as a brokerage.”
March 12, 2024
OJO acquires The LEAD Syndicate, launches new platform
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.
March 12, 2024
Will NAR ‘become a shadow of its current self’ in 2 years?
The association reported a fourth month of membership declines, with membership falling below 1.5 million for the first time in nearly three years.
March 12, 2024
Real posts big gains in agent count, revenue and transactions
Fourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.
March 7, 2024
Precarious post-verdict market, competition a threat to Zillow
A Wall Street hedge fund manager is sounding the alarm on Zillow’s market dominance, suggesting that its revenue and traffic are at risk.
March 6, 2024
Realtor.com to expand rental listings — using Zillow data
The home search rivals announced a syndication agreement allowing Zillow to be the exclusive provider of multifamily apartment listings on Realtor.com.
March 5, 2024
Latest filings in eXp case allege top execs put ‘profit over safety’
In an amended complaint, plaintiffs in a sexual assault case describe the defendants’ roles in the misconduct and ask for a new trial date.
March 4, 2024
Home flipper optimism continues to rise — for now
The winter dip in mortgage rates gave a boost to first-time buyers and home flippers, a new report shows. Whether that continues depends on the Fed.
March 3, 2024
Pending home sales slid nearly 5% in January
While pending sales reversed course last month, experts blamed seasonality and less favorable borrowing rates for the lack of activity from buyers.
February 29, 2024
The housing market needs 7 million more homes
A new Realtor.com report found that the housing supply gap has grown considerably over the past decade as household formation has outpaced home construction.
February 28, 2024
Keller to buyer agents: Explain your value or ‘get the hell out’
Keller Williams’ charismatic co-founder kicked off the Family Reunion event with his hot takes on the housing market “winter” and how to get through it.
February 27, 2024
A strong start to the year for new home sales
Sales of new homes rose in January and inventory remained robust. Median prices were up even as some builders continue to offer buyer incentives.
February 26, 2024