By the NumbersA strong start to the year for new home salesSales of new homes rose in January and inventory remained robust. Median prices were up even as some builders continue to offer buyer incentives.AJ LaTraceFebruary 26, 2024
IndustryPeople on the Move: ‘Dynamic leader’ named Fort Worth association CEOSuzanne Westrum’s leadership and business experience seen as a significant benefit to GFWAR; Relevate promotes tech and operations leaders.Real Estate News StaffFebruary 25, 2024
AgentsAgents Decoded: Thinking about opening a brokerage? Start here.For Jay Thompson, starting his own firm was a career highlight. He lays out the pros and cons, and the questions agents should ask when pondering this big move.Jay ThompsonFebruary 24, 2024
BrokeragesBrokerage Beat: News from Corcoran, RE/MAX, C21, moreCorcoran grows in Houston; RE/MAX adds WY offices; C21 gains Denver affiliate; TN firm joins BHGRE; Livian adds 4 teams; The Agency opens in Halifax & Jamaica.Real Estate News StaffFebruary 24, 2024
BrokeragesRE/MAX: Growing US agent count a top priority as revenue fallsLosses rose as revenue, U.S. agent count dropped. After a leadership shakeup, CEO Erik Carlson said having "the right people" is "vital to our future success."Cheryl Reid-SimonsFebruary 23, 2024
BrokerageseXp drops nearly 2K agents in fourth quarter as profits fallThe company said its "decision to offboard a significant number of unproductive agents" in Q4 was offset by "excellent" retention of strong producers.Dave GallagherFebruary 22, 2024
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