By the NumbersMore sellers are cutting prices as home sales slowThe share of homes with price drops reached an 18-month high as sellers try to jumpstart buyer interest in stale listings, Redfin reported.Amie FisherMay 31, 2024
By the NumbersPending home sales slump as mortgage rates riseAfter dipping below 7% last week, interest rates ticked back up, while pending sales hit a four-year low.AJ LaTraceMay 30, 2024
MLS/AssnBright MLS to offer expanded concessions fieldStarting in June, the field will include an option for payment of buyer agent fees, and updates coming in August will give sellers more flexibility.Dave GallagherMay 30, 2024
Industry'Unfiltered': NAR is sending the wrong messageWatch the conversation with marketing pro Brian Boero as he imagines how NAR and the industry could — and should — be communicating with agents and consumers.Real Estate News StaffMay 30, 2024
IndustryPeople on the Move: Fathom, EXIT add to their C-suitesFinancial services exec Jon Gwin named COO of Fathom Holdings; longtime EXIT Realty SVP Susan Harrison promoted to CIO role.Real Estate News StaffMay 29, 2024
BrokeragesGlenn Sanford and eXp dismissed from misconduct caseRecruiter Brent Gove has also been dismissed from the lawsuit involving allegations of sexual assault, while Michael Bjorkman’s motion to dismiss was denied.AJ LaTraceMay 28, 2024
MLS/AssnNorthwest MLS will not join NAR settlementThe organization is the first non-NAR MLS to announce its intentions, and it says keeping the compensation field provides more transparency for consumers.Dave GallagherMay 28, 2024
AgentsWhat is steering? 3 scenarios to considerAgents will be navigating new territory in August, and they'll need to avoid any hint of steering. CRMLS general counsel Ed Zorn offers some tips.Dave GallagherMay 28, 2024
By the NumbersHome prices continue to reach new highsThe latest Case-Shiller index reported another record high, with U.S. home prices increasing 6.5% year-over-year in March.AJ LaTraceMay 28, 2024
IndustryWill the next election be a vote of confidence for real estate?The most powerful market forces are outside presidential control, experts say, but the 2024 election could bring either “confidence or confusion.”Robert DavisMay 26, 2024
AgentsBuy Side: Why buyer agreements are good for agentsCassie Walker Johnson not only supports buyer contracts, she offers training on them: “This is the tool that will define your entire professional relationship.”Nicole BrodeurMay 25, 2024
AgentsSurvey: Buyers are putting their home search on holdIn a Bright MLS poll, most agents said they recently worked with a buyer who gave up on finding a home, but many still expect buyer activity to remain high.AJ LaTraceMay 25, 2024
MLS/AssnTampa Bay associations announce merger plansPending NAR approval, the newly formed organization will be a Florida powerhouse and the sixth-largest Realtor association in the nation.Cheryl Reid-SimonsMay 24, 2024
TechMovoto wants to win on tech, experiences — not ad spendCEO John Berkowitz says the home search company offers agents and consumers “a better chance of succeeding” than its deep-pocketed competitors.AJ LaTraceMay 24, 2024
IndustryHomes.com president outDavid Mele, the longtime leader of CoStar’s home search site, confirmed to Real Estate News that he has left his position as president of Homes.com.AJ LaTraceUpdated May 24, 2024
Industry'Unfiltered': The Wall Street perspective on real estateWatch the conversation with analyst John Campbell as he offers his take on top real estate companies. Who has momentum — and who’s come to a “screeching halt”?Real Estate News StaffMay 24, 2024
MLS/AssnWhy MLSs shouldn’t shy away from concessions fieldsAs multiple listing services work to comply with new rules, some worry about liability risks — but including concessions could be a competitive advantage.Dave GallagherMay 23, 2024
IndustryPeople on the Move: RE/MAX Results founder retires after 4-decade careerJohn Collopy steps down from the multibillion-dollar franchise; Suzanne Bushard named president. Plus, new leadership at Offerpad and Move Concierge.Real Estate News StaffMay 23, 2024
By the NumbersMortgage rates fall below 7% for the first time in 6 weeksBuyers may be able to take advantage of lower rates and increasing inventory, but many are still priced out, dampening sales.Dave GallagherMay 23, 2024
BrokeragesBrokerage Beat: News from Real, United, RE/MAX, The Agency, ERA, CompassReal Luxury launches; United grows in Alabama; RE/MAX affiliate adds 3 firms; The Agency enters Niagara; ERA Carroll expands in WY; Compass woos top producer.Real Estate News StaffUpdated May 24, 2024