BrokeragesReal posts big gains in agent count, revenue and transactionsFourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.AJ LaTraceMarch 7, 2024
By the NumbersMortgage rate dip leads to jump in activityRates 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.Dave GallagherMarch 7, 2024
TechAI is so much more than ChatGPT — here’s what you need to knowProducts 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).Stephanie Reid-SimonsMarch 7, 2024
IndustryPrecarious post-verdict market, competition a threat to ZillowA Wall Street hedge fund manager is sounding the alarm on Zillow’s market dominance, suggesting that its revenue and traffic are at risk.AJ LaTraceMarch 6, 2024
IndustryRealtor.com to expand rental listings — using Zillow dataThe home search rivals announced a syndication agreement allowing Zillow to be the exclusive provider of multifamily apartment listings on Realtor.com.AJ LaTraceMarch 5, 2024
MLS/AssnLas Vegas Realtors vows to ‘produce a victory’ in Nevada casesThe 17,000-member association speaks out, saying it will “vigorously defend” two lawsuits targeting NAR, Nevada associations and MLSs, and brokerages.Dave GallagherMarch 5, 2024
BrokeragesHoward Hanna dismissed from Illinois commissions suitHanna was removed from Batton 2, marking the second time this year that the family-owned brokerage has been dropped from a buyer-broker compensation case.Dave GallagherMarch 5, 2024
By the NumbersAffordable homes sprouting more quickly as spring approachesRealtor.com’s February housing report shows inventory rising, especially in the South, and availability of homes priced between $200k-$350k increasing by 20.6%.Cheryl Reid-SimonsMarch 5, 2024
IndustryCommissions case ensnares Warren BuffettBuffett’s Berkshire Hathaway Energy — parent of HomeServices of America — added as a defendant in the Gibson case as filing calls out the billionaire’s actions.Dave GallagherMarch 4, 2024
BrokeragesLatest 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.AJ LaTraceMarch 4, 2024
By the NumbersHome flipper optimism continues to rise — for nowThe 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.AJ LaTraceMarch 3, 2024
IndustryWill judges merge commissions copycats into one huge case?Defendants have submitted dozens of responses to a consolidation proposal — and most oppose the move.Dave GallagherMarch 2, 2024
BrokeragesBrokerage Beat: News from E&V, Corcoran, Compass, The AgencyTop 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.Real Estate News StaffMarch 2, 2024
Agents3 things agents should know about new construction buyersA Realtor.com survey of new home buyers reveals who is buying and what they want from real estate agents — their advocates in the purchase process.Dave GallagherMarch 1, 2024
IndustryPeople on the Move at CoreLogic, BHGRE and RealtracsCoreLogic promotes Kevin Greene to real estate GM; BHGRE appoints Karrie-Ann Sheppard as VP of Learning; Realtracs creates 3-member advisory board.Real Estate News StaffMarch 1, 2024
BrokeragesCentury 21 CEO: How to grow, even in the toughest timesC21 President and CEO Mike Miedler says growth is more than numbers, it’s creating opportunities for the future — and being “ready, willing and able to grow.”Melanie KalmarMarch 1, 2024
By the NumbersMortgage rates continue to climb, but it’s not all bad newsThere are signs that inventory is building, which could take some pressure off the market and increase options for buyers who can stomach the elevated rates.Dave GallagherFebruary 29, 2024
By the NumbersPending home sales slid nearly 5% in JanuaryWhile pending sales reversed course last month, experts blamed seasonality and less favorable borrowing rates for the lack of activity from buyers. AJ LaTraceFebruary 29, 2024
BrokeragesShowingTime+ gives Howard Hanna exclusive access to AI toolZillow’s Listing Showcase product will be available only to Hanna agents in the Cleveland and Pittsburgh metros.Dave GallagherFebruary 28, 2024
By the NumbersThe housing market needs 7 million more homesA new Realtor.com report found that the housing supply gap has grown considerably over the past decade as household formation has outpaced home construction. AJ LaTraceFebruary 28, 2024