IndustryHome flippers see opportunity aheadA recent survey found that investor optimism increased in the past six months, though the high cost of financing is slowing investment purchases.Dave GallagherOctober 4, 2023
MLS/AssnFor MLSs, rentals make good business senseAs for-sale listings have declined, more MLSs are integrating rental tools that can help members sustain their business in a slower market. Robert DavisOctober 4, 2023
BrokeragesGurtej Sodhi, CIO at Crye-Leike Real Estate, has diedA respected tech leader, Sodhi spent nearly 30 years at Crye-Leike and held numerous roles on national boards.Stephanie Reid-SimonsOctober 3, 2023
BrokeragesPeople on the Move: eXp names chief learning officerBryon Ellington, who has held executive roles at Century 21, Anywhere and KW during his 20-year career, will lead training and coaching initiatives.Real Estate News StaffOctober 3, 2023
BrokerageseXp agents can request cash offers via Opendoor integrationThe companies announced a partnership that will allow listing agents to get offers on behalf of their sellers directly through eXp's agent dashboard.AJ LaTraceOctober 3, 2023
MLS/AssnMLS partnerships open up listings to 120k agents in the SoutheastThe Southeast MLS Alliance and Coast 2 Coast MLS Data Share in Florida represent the latest initiatives to expand data sharing among MLSs.Dave GallagherOctober 2, 2023
IndustryMLS PIN deal delayed after DOJ raises ‘significant concerns’This is the second time the settlement agreement reached by MLS PIN in the Massachusetts buyer-broker commissions lawsuit has come under fire.Dave GallagherUpdated October 3, 2023
BrokeragesRedfin leaves NAR: 'Enough is enough'In a note signed by CEO Glenn Kelman and other Redfin leaders, the company said “NAR isn’t the future.”AJ LaTraceOctober 2, 2023
BrokeragesPeople on the Move: Promotions at @properties, a retirement at MLS NowTwo @properties leaders, Liz Thompson and Nicole Konsler, have moved into VP roles; MLS Now CEO Carl DeMusz to retire after 23 years.Real Estate News StaffOctober 1, 2023
TechIn Focus: Lone Wolf forges ahead, prepares to unveil new platformThe real estate software company believes innovation is critical in a down market, says “there is always a way through.”Dave GallagherSeptember 30, 2023
IndustryZillow wins case over how it handles non-MLS listingsA jury decided that Zillow did not harm The Real Estate Exchange, known as REX, by moving its listings to a secondary tab with less traffic.Dave GallagherSeptember 29, 2023
BrokeragesCloud-based brokerage iad lands in the USThe French company has over 20,000 agents across Europe and Mexico, and now it’s ready to stake a claim in the lucrative U.S. market.AJ LaTraceSeptember 29, 2023
MLS/AssnA win for Rapattoni as Cincinnati MLS members vote to keep itIn the wake of a cyberattack that knocked the Ohio MLS offline in August, the organization rushed to roll out a new system, but bugs frustrated agents.Dave GallagherSeptember 29, 2023
BrokeragesBrokerage Beat: News from RE/MAX, C21, ERA, Christie's, moreRE/MAX snags 165-agent firm; Century 21 grows in Long Island, Chicago; The Agency expands in Montana; Real enters Vermont; Christie's opens in Park City; more.Real Estate News StaffSeptember 29, 2023
BrokerageseXp exec talks rev share, ‘attraction’ and agents’ No. 1 jobChief Growth Officer Michael Valdes says eXp doesn’t “recruit” agents in a transactional sense, but seeks to “attract” for long-term growth and success.AJ LaTraceSeptember 29, 2023
BrokeragesTeams on the Move: @properties, KW, Compass gain teamsChicago duo takes North Shore business to @properties; No. 1 New Orleans agent joins Keller Williams; Compass team increases brokerage's Milwaukee presence.Real Estate News StaffSeptember 28, 2023
By the NumbersMortgage rates soar to 23-year highEven as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market."Dave GallagherSeptember 28, 2023
By the NumbersPending home sales slid a staggering 7.1% in AugustThe decline could mark "the beginning of the end of this resilient housing market," according to one economist.AJ LaTraceSeptember 28, 2023
BrokeragesCompass lands $5 billion firm in Central TexasThe acquisition of Realty Austin and Realty San Antonio will significantly boost Compass' annual sales volume in Texas.Dave GallagherSeptember 27, 2023
By the NumbersAffordability driving Sun Belt moves, despite climate risksThe latest Redfin migration report found that more home shoppers are looking at lower-cost cities that have seen increasing climate-related dangers.Dave GallagherSeptember 27, 2023