By the NumbersExisting home sales haven't been this low since 1995According to the latest NAR data, just 4.09 million existing home sales were reported in 2023, the lowest number in nearly three decades. AJ LaTraceJanuary 19, 2024
By the NumbersInventory trickling in, but don’t expect a floodAll eyes are on inventory levels — which are up slightly compared to a year ago — as the market gears up for spring.Dave GallagherJanuary 19, 2024
IndustryREX to appeal after losing latest battle with ZillowA jury ruled that Zillow's display of non-MLS listings was not deceptive, and a judge denied a request for a new trial. REX now says it will appeal.Dave GallagherUpdated February 5, 2024
IndustryCalifornia slapped with a second commissions lawsuitThe latest case, which focuses on Los Angeles, lists 35 defendants including the largest MLS in the U.S., major brokerages and two dozen associations.Dave GallagherJanuary 18, 2024
By the NumbersMortgage rates drop to lowest level in 8 monthsLower rates are good news for buyers, but increased demand could further erode limited inventory.Dave GallagherJanuary 18, 2024
BrokeragesHoward Hanna dropped from national commissions lawsuitDefendants in the Gibson case — which no longer includes Hanna — were also denied a request for a delay on Wednesday.Dave GallagherJanuary 18, 2024
By the NumbersBuilder confidence jumps in the new yearHome builder sentiment is up significantly in January as lower mortgage rates bring more buyers back to the market.Dave GallagherUpdated January 18, 2024
IndustryMeet the reporter whose NAR story rocked the industryNew York Times journalist Debra Kamin talked to Real Estate News about the response to her investigations, why her eXp story “hit differently,” and what’s next.AJ LaTraceJanuary 17, 2024
MLS/AssnNevada joins growing list of states hit with compensation lawsuitsThe case originally targeted only NAR and state associations; a week and half later, 15 real estate brokerages were added to the list of defendants.Dave GallagherUpdated January 26, 2024
By the NumbersEmpty nesters are holding on to their big homesBaby boomer households without children own nearly 3 in 10 homes with 3+ bedrooms — millennials with children own half that amount.AJ LaTraceJanuary 16, 2024
BrokeragesMore brokerages added to Bay Area commissions lawsuitFive additional firms, including Pacific Northwest powerhouse Windermere, join the growing list of defendants named in a Northern California case.Dave GallagherJanuary 16, 2024
BrokeragesTrends 2024: The 4 types of agents, and why they matterIdentifying and understanding their agents’ strengths can help teams and firms align their business models accordingly, increasing success. T3 SixtyJanuary 16, 2024
MLS/AssnMLS leaders rising in the ranks of industry’s most powerfulAs organized real estate grapples with game-changing court cases and turmoil at the top, MLS execs are movin’ on up in the 2024 Swanepoel Power 200.Dave GallagherJanuary 15, 2024
MLS/AssnIs it time for MLSs to go their own way?The industry is at a crossroads as lawsuits threaten long-standing policies. For multiple listing services, separating from associations may be the answer.Dave GallagherJanuary 13, 2024
BrokeragesBrokerage Beat: News from BHGRE, Corcoran, Christie's, C21, moreBHGRE gains Illinois indie; Connecticut team joins Corcoran Centric; Christie's adds talent in NYC, Hamptons; C21 welcomes affiliates in Texas and Ohio; more.Real Estate News StaffJanuary 13, 2024
IndustryPeople on the Move at Zillow, Broker Public Portal, moreVC pro Bill Gurley returns to Zillow board; Rehn Chavez named COO at VESTAPLUS; Dan Troup joins BPP as CEO; Janet Kane named Interim CEO at Cape Fear Realtors.Real Estate News StaffJanuary 12, 2024
TechTech M&A taps the brakes, but opportunity still lies aheadAfter hitting a peak in 2021, tech mergers and acquisitions have entered a new phase of consolidation to meet demand for more comprehensive platforms.T3 SixtyJanuary 12, 2024
MLS/AssnNew president focused on ‘furthering the business’ of NARKevin Sears stepped into the leadership role earlier this week, and in his first public message, shared his priorities for the association. Dave GallagherJanuary 11, 2024
By the NumbersSome positive signs for mortgages, but are rate cuts at risk?Mortgage applications jumped nearly 10% as rates hold fairly steady, but higher-than-expected inflation numbers could spoil the party.Cheryl Reid-SimonsJanuary 11, 2024
BrokeragesRE/MAX, Anywhere settlement details revealedClaim forms will be sent to eligible class members soon, but it's not clear how much money individual sellers will receive.Dave GallagherUpdated January 18, 2024