IndustryReal estate industry awards: Can we be better?Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.Mitch RobinsonFebruary 21, 2024
BrokeragesHomeServices of America dismissed from commissions caseThe Batton 1 lawsuit was brought by buyers, not sellers, and will move forward against NAR, Anywhere, RE/MAX and Keller Williams with fewer claims.Dave GallagherFebruary 20, 2024
IndustryCoStar revenue — and Homes.com push — beats expectationsCEO Andy Florance said Homes.com sold $4.5 million worth of new subscriptions to residential real estate agents in the first week after the Super Bowl.Dave GallagherFebruary 20, 2024
IndustryFormer Zillow exec expands mortgage site Tomo into home searchCEO Greg Schwartz says Tomo will stand out by offering “negotiation insights,” which include personal information about home sellers.AJ LaTraceFebruary 20, 2024
BrokeragesWhy United’s CEO isn’t interested in ‘shiny’ downline modelsUnited boosted agent count in 2023, but not with rev share or stock incentives. CEO Dan Duffy shared his thoughts on why the flat-fee model is a win for agents.AJ LaTraceFebruary 20, 2024
AgentsHow the rise of ADUs is creating new opportunities for agentsAs extra dwelling units become more mainstream, agents can market them as both a revenue source and a lifestyle.Dave GallagherFebruary 20, 2024
MLS/AssnNAR shares ‘real story’ of leadership, strategic shiftsNew messages from Interim CEO Nykia Wright and President Kevin Sears lay out changes to “presidential initiatives,” NAR’s Leadership Team and culture work.Stephanie Reid-SimonsFebruary 19, 2024
MLS/AssnIn Focus: How the MLS drives innovation in real estateUtahRealEstate.com CEO Brad Bjelke believes the wealth of data provided by MLSs makes them “more important today than at any point in time.”Amie FisherFebruary 19, 2024
Industry3 top takeaways as the DOJ takes on commissionsThe newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.Dave GallagherFebruary 17, 2024
BrokeragesBrokerage Beat: News from Real, Compass, The Agency, C21Real passes 15,000 agents, adds Virginia firm; SF team returns to Compass; The Agency launches in Oklahoma City; Century 21 raises $3M for Easterseals.Real Estate News StaffFebruary 17, 2024
IndustrySecond commissions lawsuit filed in NevadaA total of 22 defendants are named, including NAR, local and national brokerages, and several associations and MLSs.Cheryl Reid-SimonsFebruary 16, 2024
MLS/AssnNAR called ‘arrogant’ as it makes national news againA Wall Street Journal story portrays the National Association of Realtors as inflexible in the face of legal challenges to the industry’s commission structure.Stephanie Reid-SimonsFebruary 16, 2024
By the NumbersInvestors buying a bigger share of affordable homesWhile overall activity softened last quarter, real estate investors flocked to Chicago and cities in California in the hunt for lower-priced properties.AJ LaTraceFebruary 16, 2024
IndustryDOJ to court: Buyers need to set their agents’ compensationA statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.Dave GallagherUpdated February 16, 2024
IndustryOpendoor trims losses, looks to buy more houses in 2024The leading iBuyer lost $275 million in 2023, but that was less than a fifth of 2022 losses. Now the focus is “sustainable” growth of the business.Cheryl Reid-SimonsFebruary 15, 2024
By the NumbersLatest jump in mortgage rates could mean another slow springThe 30-year fixed rate rose to 6.77% this week, the highest level since mid-December.Dave GallagherFebruary 15, 2024
BrokeragesAnywhere revenue took a hit in Q4, dipped 18% in 2023Net losses for the year improved, however. CEO Ryan Schneider pointed to debt reduction and settlements as wins, and spoke favorably about buyer agreements.AJ LaTraceFebruary 15, 2024
By the NumbersMarket Moods: Is Colorado in line for a slowdown?Supply hasn’t kept pace with population growth, driving up prices for starter homes — and pushing first-time buyers out of the market. Robert DavisFebruary 14, 2024
IndustryWhy Zillow is ready to ‘press down on the accelerator’ in 2024CEO Rich Barton was bullish despite the challenging housing market, predicting double-digit revenue growth this year during a Feb. 13 earnings call.Dave GallagherFebruary 14, 2024
IndustryZillow beat revenue expectations in fourth quarterWhile still posting a net loss, the company reported higher-than-expected revenue from its residential and rental businesses as Premier Agent held steady.Dave GallagherFebruary 13, 2024