By the NumbersPrice cuts hit a five-year highThere are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.Dave GallagherApril 4, 2024
BrokeragesKeller Williams hit with another telemarketing class-actionAfter reaching a $40 million settlement in a separate case a year ago, the brokerage faces new allegations of sending unsolicited text messages.Dave GallagherApril 3, 2024
BrokeragesCompass acquires longtime New Orleans independent Latter & BlumThe acquisition of the century-old firm and its 3,100 agents could give Compass an edge in the NOLA and greater Gulf Coast market.AJ LaTraceApril 3, 2024
By the NumbersA resurgence of first-time buyers, and a look at agent payNAR’s annual generational trends report examines buyer and seller characteristics and dives into their needs — and how they compensate agents.Dave GallagherApril 3, 2024
IndustryPeople on the Move: Promotions at JPAR, Realty ONE; MLS Now names CEOJPAR president Laura O’Conner adds chief operating officer to her title; David Romero takes on chief customer officer role at Realty ONE + more role changes.Real Estate News StaffUpdated April 6, 2024
By the NumbersNortheast and Midwest markets are still sizzling hotThe regions continue to see significant price growth and elevated buyer activity, but national price growth is expected to slow this year as supply increases.AJ LaTraceApril 2, 2024
BrokeragesBuyer agreements work, sellers still willing to pay: Baird & WarnerLaura Ellis, chief strategy officer at the Chicago firm, says part-timers may not make it in the post-settlement world, but serious agents will excel.AJ LaTraceApril 2, 2024
BrokeragesHomeServices responds to massive damages requestThe firm argues that existing settlements in Sitzer/Burnett need to be finalized before a judgment can be made — and that won’t be an “uncontroversial” process.Dave GallagherApril 1, 2024
IndustryJames Dwiggins: Industry innovator, podcast provocateurThe CEO of NextHome, founder of Rayse and co-host of an "unfiltered" podcast isn’t shy about sharing his thoughts on the agent value prop, tech and NAR. Nicole BrodeurApril 1, 2024
MLS/AssnWhy all eyes are on the Nosalek caseCMLS is the latest organization to weigh in on the Massachetts case, while a dispute with the DOJ could shed light on the fate of compensation rules nationally.Dave GallagherApril 1, 2024
BrokeragesAgents must get on board with the ‘new way’ of doing businessIn just a few months, new compensation and buyer agreement mandates will kick in. Agents who are ready to adopt them will succeed more quickly.Dave GallagherMarch 30, 2024
BrokeragesBrokerage Beat: News from Corcoran, Real, E&V, KW, moreCorcoran enters Oregon; Real expands in NorCal, PA; E&V adds Long Island shop; The Agency now in Edmonton; KW enters Bahamas; Christie's grows in Barbados, NJ.Real Estate News StaffMarch 30, 2024
By the NumbersDown payments, cash offers rise in response to interest ratesDespite a less competitive market for buyers, cash remains king — not to win bidding wars, but to avoid inflated financing costs.Cheryl Reid-SimonsMarch 29, 2024
IndustryOpendoor: We’re ‘built for’ post-settlement worldIn 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.”AJ LaTraceMarch 29, 2024
MLS/AssnWhat every real estate professional needs to know about the MLSIn 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.Sam DeBordMarch 29, 2024
BrokeragesT3 Sixty suspends release of real estate brokerage rankingThe company made the move after hearing from “numerous” privately owned companies involved in high-stakes lawsuits over commissions.Stephanie Reid-SimonsMarch 28, 2024
AgentsPacaso adds third-party listings, DIY co-ownership optionThe fractional ownership platform, co-founded by former Zillow CEO Spencer Rascoff, said its latest move “opens up thousands of new listings nationwide.” AJ LaTraceMarch 28, 2024
IndustryIndustry seeking clarity — and change — in FHA and VA lendingNAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.AJ LaTraceMarch 28, 2024
By the NumbersMortgage rates creep down, but not enough to tempt buyersMortgage apps dropped this week even as rates fell, but pending sales began to show signs of life.Cheryl Reid-SimonsMarch 28, 2024
IndustryArguments against consolidation dominate hearingJudges heard from both defendants and plaintiffs on Thursday who spoke about the “burdensome” nature of consolidation and the local nature of the cases.Dave GallagherMarch 28, 2024