BrokeragesNick Bailey out in RE/MAX leadership shakeupAmy Lessinger, former SVP of Region Development, takes over as president, while two other execs receive promotions.Stephanie Reid-SimonsUpdated February 22, 2024
TechTech Bytes: News from Zillow, HomeStack, SkySlope, moreZillow's Listing Showcase expands; HomeStack joins MoxiWorks network; Bright MLS adds SkySlope; REcore acquires NorthstarMLS tech; more.Real Estate News StaffFebruary 22, 2024
By the NumbersExisting home sales up after a year marked by declinesSales rose by more than 3% in January, suggesting a turnaround in 2024, but mortgage rates still hold the key to the future of the market.Cheryl Reid-SimonsFebruary 22, 2024
By the NumbersMortgage rates near 7% are stalling salesInventory is building as buyers stay on the sidelines, but there’s still hope for more activity as the spring shopping season gets underway.Dave GallagherFebruary 22, 2024
By the NumbersDream of homeownership still alive with young buyersMillennial and Gen Z buyers have a higher tolerance for elevated mortgage rates, and many believe it’s a good time to buy, a Realtor.com survey found.AJ LaTraceFebruary 22, 2024
By the NumbersHomeownership is up, but minorities continue to lag behindA new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.Robert DavisFebruary 21, 2024
MLS/AssnMLSs ask court to dismiss Zillow, ShowingTime lawsuitARMLS and Metro MLS respond to “monopoly” claims, contending that its showing management platform leads to increased competition, not less.Dave GallagherFebruary 21, 2024
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