By the NumbersProfits on home sales took a dip in 2023Sellers are still seeing near-record-high profits, but this was the first year-over-year decline in 12 years.Dave GallagherFebruary 2, 2024
TechTech Bytes: News from Zillow, Perchwell, CoreLogic, LoftyZillow unveils app for Apple's Vision Pro; Perchwell offers REBNY RESO-compliant data solution; CoreLogic launches security platform; Lofty adds AI assistant. Real Estate News StaffFebruary 2, 2024
MLS/AssnHAR leaders on earning trust and competing with Zillow“We’re trying to be an example of what an association can do,” says René Galvan, who will take over for Bob Hale as CEO in 2026.Stephanie Reid-SimonsFebruary 2, 2024
BrokeragesRedfin sweetens the deal for buyers who sign agreementsThe new “Sign & Save” program offers buyers a rebate if they sign a buyer agreement with Redfin and go under contract on a home within six months.AJ LaTraceFebruary 2, 2024
By the NumbersMortgage rates dip slightly as Fed continues its pauseRates have remained relatively stable since December, with the average 30-year mortgage rate posting a modest decline this week.AJ LaTraceFebruary 1, 2024
BrokeragesKeller Williams reaches $70M settlement in commissions casesThe deal, which leaves just NAR and HomeServices of America as defendants in the Sitzer/Burnett and Moehrl cases, releases KW from all sell-side litigation.Stephanie Reid-SimonsUpdated February 1, 2024
AgentsMost buyers are suspicious of competing offersAccording to a new survey, the majority of buyers are concerned about transparency in the homebuying process.AJ LaTraceFebruary 1, 2024
MLS/AssnNAR interim CEO ‘sets the record straight’ in new videoNykia Wright defended the real estate profession and NAR, saying the association does not set commissions and “never has,” though that phrase was later cut.Cheryl Reid-SimonsUpdated February 1, 2024
IndustryFTC weighs in on antitrust allegations leveled against CoStarCoStar’s residential business has managed to avoid the antitrust cases rocking the industry, but it’s a different story on the commercial side.Cheryl Reid-SimonsJanuary 31, 2024
BrokeragesState of New York takes an interest in eXp assault, harassment casesAllegations of sexual misconduct tied to eXp "raised a huge red flag" for the NY comptroller's office, which has a financial stake in the company.AJ LaTraceJanuary 30, 2024
By the NumbersHome prices continued to rise in NovemberPrices improved 5.1% annually, the latest Case-Shiller report indicates, but a small dip between October and November ended a streak of monthly gains.AJ LaTraceJanuary 30, 2024
IndustryPeople on the Move: Longtime HAR CEO Bob Hale to retire in 2026Hale announces his retirement after more than 50 years with the organization. Plus, Scott Mitchelson joins Corcoran as growth leader; Josh Team joins SERHANT.Real Estate News StaffUpdated January 30, 2024
BrokeragesAnywhere brokerages dropped from Pennsylvania commissions caseThe lawsuit known as Spring Way also has gained new plaintiffs and a new name: Kay. Spring Way LLC, which had used Coldwell Banker, is no longer involved.Cheryl Reid-SimonsJanuary 29, 2024
AgentsOfferpad providing new incentives for agents who bring clientsThe iBuyer has introduced two new tiers in its agent partnership program, which provide up to 4% in referral fees and access to more sell-side deals.AJ LaTraceJanuary 29, 2024
By the NumbersTrends 2024: Big brokerages are scooping up more dealsThe largest firms are claiming an increasing number of sales, driven in part by fast-growing companies like Compass and eXp.T3 SixtyJanuary 29, 2024
TechIn Focus: How AI is transforming lead generationKeeping up with technology can feel overwhelming, but it doesn't have to be that way, says Lofty CEO Joe Chen, who discussed how AI can add value for agents.Robert DavisJanuary 28, 2024
BrokeragesBrokers in Focus: From burnout to merger — and a moment to make historyCandice McCuien became the first Black woman elected to lead her association, breaking new ground while successfully aligning her brokerage with Century 21.Cheryl Reid-SimonsJanuary 27, 2024
BrokeragesBrokerage Beat: News from Real, The Agency, Christie's, Realty ONEMega team moves from eXp to Real; The Agency lands in Oahu; Christie's International Real Estate expands in Switzerland; Realty ONE launches in Greece.Real Estate News StaffJanuary 27, 2024
BrokeragesLayoffs at eXp? 35 employees ‘venturing into new opportunities’In a LinkedIn post, eXp’s EVP of People implied that nearly three dozen people had been laid off. The company later acknowledged "a small reorganization." AJ LaTraceUpdated January 26, 2024
IndustryClear Cooperation suit ends without any rule changesNAR says ThePLS.com, which sued the association and three major MLSs, is dismissing the case. But the door is open for it to refile this year.Stephanie Reid-SimonsJanuary 26, 2024