TechOpendoor co-founder Eric Wu is leaving the companyWu previously stepped down from the CEO role last year and said he is now "called to get back to my startup roots."Cheryl Reid-SimonsDecember 15, 2023
BrokeragesNew details in eXp sexual assault claims revealed by New York TimesFive women told the Times that it took a lawsuit to get action on predatory behavior. A second lawsuit has been filed, and eXp said that it let “bad actors” go.AJ LaTraceDecember 15, 2023
IndustryThe Ten: Cyberattacks exposed real estate's vulnerabilities — and strengthsHacks wreaked havoc in the second half of the year. But the industry pulled together, proving that professionalism and relationships are what drive real estate.Cheryl Reid-SimonsUpdated January 2, 2024
BrokeragesBrokers in Focus: ‘There's no half doing this anymore’Laura Ellis, Baird & Warner’s strategy leader, believes changes spurred by Sitzer/Burnett will be “good for the serious, competent real estate professional.”AJ LaTraceDecember 14, 2023
By the NumbersRates fall below 7%, driving momentum in the marketThe seventh straight week of mortgage interest declines has led to more holiday season homebuying activity.Dave GallagherDecember 14, 2023
IndustryPeople on the Move at Compass, Collabra, CMLSCOO Greg Hart to leave Compass as company eliminates role; Collabra Technology taps Scott Feldman as chief revenue officer; CMLS names board members.Real Estate News StaffDecember 13, 2023
By the NumbersHome sales will bounce back in 2024, says NAR panelEconomists were optimistic about the year ahead, but noted that inflation and mortgage rates will be key factors.Dave GallagherDecember 12, 2023
TechTech Bytes: News from Follow Up Boss, CoreLogic, ClozeZillow completes acquisition of Follow Up Boss; CoreLogic introduces mortgage insights tool for lenders; Cloze integrates with design platform Canva.Real Estate News StaffDecember 12, 2023
TechEasyKnock accused of deceptive practices, hit with fineThe Massachusetts attorney general claimed the "buy-before-you-sell" company targeted financially strained homeowners through its sale-leaseback program.AJ LaTraceDecember 12, 2023
BrokeragesRedfin expands (and renames) its new agent-pay programSan Diego and Orange County join San Francisco and LA as Redfin Next launch cities on Jan. 1. The program is designed to “remove the ceiling” from compensation.Stephanie Reid-SimonsDecember 12, 2023
By the NumbersThe Ten: Looking back on a year of mortgage rate madnessWhile high borrowing costs brought the market to a halt in 2023, there are signs that mortgage rate relief is coming in 2024.AJ LaTraceDecember 12, 2023
MLS/AssnNAR membership falls by nearly 6,000 in NovemberAfter a tumultuous year for NAR and the industry, membership in the nation's largest trade organization is headed for its first yearly drop in over a decade.Cheryl Reid-SimonsDecember 11, 2023
IndustryBay Area MLS, national brokerages hit with new commissions suitAnother buyer-broker commissions lawsuit, filed Dec. 8, names NAR, San Francisco-area associations, BAREIS MLS and five national brokerages.Dave GallagherDecember 11, 2023
MLS/AssnNew York’s largest MLS just got biggerOneKey MLS is acquiring Mid-Hudson MLS, bringing its membership to nearly 50,000.Dave GallagherDecember 11, 2023
BrokeragesTrends 2024: The 4 main brokerage models, and how they’ve changedMost brokerage companies follow a traditional commission-split model, but the landscape is shifting, with some major firms adopting new approaches. T3 SixtyDecember 11, 2023
BrokeragesThe Ten: All eyes on Hanna after bold listings shift — but now what?After becoming CEO of the nation’s largest independent brokerage, Hoby Hanna limited access to some listings. Expanding that approach is the table for 2024.Dave GallagherDecember 9, 2023
BrokeragesBrokerage Beat: News from RE/MAX, Real, CB Warburg, moreRE/MAX adds 120 agents through two affiliations; Real takes on Kansas City; CB Warburg promotes COO; C21 gains firm in Illinois; The Agency opens in Boulder.Real Estate News StaffDecember 9, 2023
AgentsDear Coach: Tom Ferry's top lead-gen strategyCoaching expert Tom Ferry talks about what to expect from a coaching session and why more agents should embrace video.Tom FerryDecember 8, 2023
IndustryLawmakers target hedge-fund homebuyersThe bill, which would give large-scale corporate investors 10 years to unload the homes they own or face massive penalties, faces long odds.Stephanie Reid-SimonsDecember 8, 2023
By the NumbersOptimism about buying a home hits an all-time lowEven with mortgage rates dropping, challenges like affordability and stagnating household finances are keeping consumers wary.Dave GallagherDecember 7, 2023