By the NumbersMortgage rates plunge to lowest level in 15 monthsRates are edging closer to 6%, but the downward trend still hasn’t translated into sales as potential homebuyers play the waiting game.Dave GallagherAugust 29, 2024
IndustryNick Bailey returns to real estate leadership in new capacityThe former CEO of RE/MAX and Century 21 says he will apply his experience helping franchise owners to his new role in real estate consulting.Dave GallagherAugust 29, 2024
IndustryMove seeks injunction while CoStar remains defiantLawyers for Move asked the court to approve a preliminary injunction against CoStar in its trade secrets suit involving a former Realtor.com employee.AJ LaTraceAugust 28, 2024
By the NumbersIn 8 states, inventory is now above pre-pandemic levelsOklahoma and Texas lead the way, with supply up nearly 20% compared to the same week in 2019.Dave GallagherAugust 28, 2024
AgentsThe new agent playbook should include ‘leading with grace’Major brokerage leaders are telling agents to be patient with other real estate professionals (and consumers) as the industry adjusts to new practices.AJ LaTraceAugust 28, 2024
By the NumbersHousing Market Decoded: Why 'rent vs buy' misses the big pictureLists and calculators can be a starting point for prospective buyers weighing their options, but the decision to purchase a home is based on more than data.Lisa SturtevantAugust 28, 2024
By the NumbersHome prices have been rising for more than a decadeThe housing market has seen its share of highs and lows in recent years, but appreciation has only moved in one direction: up. Could that be changing?Dave GallagherAugust 27, 2024
IndustryBuyers beware: Some agreements appear to violate NAR termsA new report calls out numerous state associations for buyer agreements that could hurt consumers or break the new rules. AJ LaTraceAugust 27, 2024
Industry‘Unfiltered’: No offer of compensation? No problemWatch the conversation with an agent who ditched cooperative compensation last year — and is getting deals done. See how he talks to sellers (and buyer agents).Real Estate News StaffAugust 27, 2024
IndustryMove accused of selling ‘fake leads’ in class action lawsuitAgents from six states allege that the parent company of Realtor.com sold dubious leads, and said NAR — also a defendant — was “complicit” in the scheme.AJ LaTraceUpdated August 27, 2024
By the NumbersBuyers are snatching up starter homesPending sales for all other tiers were down compared to last year, but entry-level homes attracted significant buyer interest in July.Dave GallagherAugust 26, 2024
BrokeragesKW ‘best equipped to grow’ in post-settlement worldBrokerages need to define their purpose in this new era, says Keller Williams CEO Mark Willis, and training, tech will be key to KW’s identity.Dave GallagherAugust 26, 2024
BrokeragesBrokerage Beat: News from Compass, C21, Onward, BHGRE, Christie's RECompass gains teams in NYC, Chicago; C21 welcomes Kentucky firm; Onward grows to 300 agents; BHGRE affiliate adds Puget Sound firm; Christie's enters Singapore.Real Estate News StaffUpdated August 24, 2024
AgentsAgent sentiment dips, but buyers are gaining groundTwo new surveys provide a snapshot of what agents are seeing in the market, and while they’re slightly less optimistic, they remain “net positive.”AJ LaTraceAugust 23, 2024
By the NumbersA bright spot in a sluggish market: New homes are hotNew home sales jumped 10.6% in July as builders took advantage of lower mortgage rates and used incentives to close deals.Dave GallagherAugust 23, 2024
IndustryDOJ files antitrust lawsuit against RealPageThe federal agency claims that the rental software company’s product is keeping rents high and stifling competition.Dave GallagherAugust 23, 2024
Industry‘Unfiltered’: Betting on Zillow — and a mass exodus of agents?Watch the conversation with analyst John Campbell on the winners — and “not winners” — among public real estate firms, plus a bold guess about agent attrition.Real Estate News StaffAugust 23, 2024
BrokeragesFlat-fee brokerage sues NAR, alleges steeringHomie says the defendants — NAR, 4 top brokerages and a Utah MLS — conspired to control competition in the industry and steered buyers away from its listings.Dave GallagherAugust 22, 2024
BrokeragesRedfin lays off staff, offers some of them jobs as agentsThe company said fewer than 100 roles were affected, and it "needs less support and managerial staff" as more agents transition to Redfin Next.Taylor SoperAugust 22, 2024
BrokeragesAnywhere encourages offers of comp, asks ‘big question’ of MLSsTop execs discussed how the company is addressing industry practice changes, including its intention to display compensation on its listings.AJ LaTraceAugust 22, 2024