By the NumbersMortgage rates flirt with the 7% mark, could drop furtherIt’s the sixth straight week of declines, coinciding with signals that the economy is cooling.Dave GallagherDecember 7, 2023
TechRedfin AI tool allows shoppers to virtually redesign roomsPowered by Roomvo, Redfin Redesign is launching on 75,000 listings and lets home shoppers change paint colors, flooring and countertops with a few clicks.Cheryl Reid-SimonsDecember 7, 2023
TechKW Command updates include generative AI copywriting for adsKeller Williams also announced automated market snapshots and additional features as its CRM platform joins others in adding ChatGPT-powered capabilities.AJ LaTraceDecember 6, 2023
MLS/AssnFlorida commissions lawsuit targets largest state associationThe Florida Association of Realtors and 16 brokerages are named in the seventh major antitrust case filed by home sellers since the Sitzer/Burnett verdict.Dave GallagherUpdated December 12, 2023
TechTech Bytes: News from Cloze, RentSpree, iGo, AddressableCloze and RealScout team up; Stellar MLS partners with RentSpree; InspectionGo promotes COO to president; Addressable shuts down.Real Estate News StaffDecember 6, 2023
AgentsThe Ten: Squeezed from all sides, buyer’s agents remain resilientBuyer’s agents in 2023 were at the center of questions about compensation — and their value. But those who have made it through are confident of their worth.Cheryl Reid-SimonsDecember 6, 2023
IndustryPeople on the Move: NAR names new marketing and comms leaderSuzanne Bouhia will take on the role of Chief Marketing and Communications Officer, effective Dec. 11, during a turbulent time for the organization.Real Estate News StaffDecember 5, 2023
MLS/AssnNew commissions lawsuit names Pennsylvania MLS, brokeragesWest Penn MLS and multiple brokerage companies are defendants in the latest buyer-broker commission suit filed Monday by home sellers in Western Pennsylvania. Dave GallagherDecember 5, 2023
By the Numbers2024 may bring ‘season of hope’ amid lawsuits and AI shiftsMortgage rates, inventory and prices are expected to improve for homebuyers in the new year as the industry responds to commissions-focused court cases.Dave GallagherDecember 5, 2023
BrokeragesSeattle-area brokerage quits NAR, on ‘right side of the story’Coldwell Banker Danforth broker/owner says he’s not against NAR, but that he wants agents to be able to decide for themselves if they join or not.AJ LaTraceDecember 4, 2023
By the NumbersThe Golden State’s housing market could be a sure bet in 2024A new ranking of the top 10 cities for growth includes five Southern California metros that could see double-digit sales growth next year.AJ LaTraceDecember 4, 2023
MLS/AssnTrends 2024: NAR is at a crossroads and must take bold stepsThe National Association of Realtors is at risk of becoming irrelevant — or worse. T3 Sixty industry consultants offer their take on how it must reshape itself.T3 SixtyDecember 4, 2023
IndustryA guide to the real estate commissions casesTrying to keep up with all of the recent lawsuits challenging the way agents get paid? Here’s a cheat sheet.Dave GallagherUpdated March 11, 2024
BrokeragesRedfin settles class action case over wagesMore than 2,700 Redfin agents are eligible for compensation from the $3 million settlement payout.Dave GallagherDecember 1, 2023
MLS/AssnDOJ asks Court of Appeals to reopen case against NARThe DOJ wants to revisit an antitrust case originally settled in 2020, and if successful, could demand even more changes to commission practices.Dave GallagherDecember 1, 2023
IndustryMeet The Ten who defined 2023Real Estate News has selected the top newsmakers in a year shaped by trials — of all kinds — and resilience in the face of epic challenges and opportunities.Stephanie Reid-SimonsUpdated January 2, 2024
By the NumbersDespite economic volatility, most people can still pay their mortgagesThe latest CoreLogic report shows delinquencies at record low levels, although there are some warning signs.Dave GallagherNovember 30, 2023
By the NumbersFalling rates and rising inventory a good combo for buyersRates edged closer to the 7% mark this week, improving affordability. Coupled with a small bump in listings, that could mean more year-end sales.Dave GallagherNovember 30, 2023
By the NumbersPending home sales drop to lowest level on recordNationally, pending sales slid 1.5% in October as mortgage rates spiked and buyers retreated.AJ LaTraceNovember 30, 2023
By the NumbersHousing Market Decoded: Why 2023 mortgage rate predictions missed the markA year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.Matthew GardnerNovember 30, 2023