IndustryPeople On the Move at OJO, @propertiesOJO promotes former KW CEO Chris Heller and Jerimiah Taylor to top roles; @properties elevates Branden Lopez to general counsel.Real Estate News StaffAugust 1, 2023
By the NumbersHELOCs now a riskier proposition for investorsHigh interest rates and economic uncertainty have made home equity lines of credit costlier and more precarious.AJ LaTraceAugust 1, 2023
IndustryZillow, Redfin build on partnership with new construction listingsThe two former rivals and popular home-search sites extend their connection beyond 3D Home, with Redfin calling Zillow listings “a new revenue opportunity.”AJ LaTraceAugust 1, 2023
MLS/AssnNew CEO addresses San Diego Realtors amid turmoilIn a letter to members, Cory Shepard vowed to lead the organization into a new chapter after the former CEO was accused of embezzlement.Dave GallagherJuly 31, 2023
By the NumbersLuxury market split: West Coast prices drop, East Coast upNationwide, luxury home prices are still on the rise, but several Western cities have experienced double-digit declines in the past year.Dave GallagherJuly 31, 2023
TechTech Bytes: News from SentriLock, CubiCasa, Compass, moreSentriLock signs Alabama associations; CubiCasa adds 10 MLS partners; Compass unveils Performance Tracker; Far Homes releases Mexico financing tool; more.Real Estate News StaffUpdated July 31, 2023
AgentsAgents Decoded: It's time to get serious about agent safetyAmid a new wave of reports of the dangers of working as a real estate agent, Jay Thompson says the industry must take steps to improve safety for all agents.Jay ThompsonJuly 29, 2023
BrokeragesBrokerage Beat: News from Real, BHGRE, The Agency, moreReal gains billion-dollar SoCal firm; BHGRE celebrates 15 years; The Agency Nashville adds 5 agents; Entrepreneur Media names top real estate franchises. Real Estate News StaffJuly 29, 2023
IndustryWhy do sellers pay buyer-broker commissions?The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?Dave GallagherJuly 28, 2023
By the NumbersWhere buyers can live large without breaking the bankNashville tops the list of cities with "just right" homes with ample square footage and big yards near urban centers.Cheryl Reid-SimonsJuly 28, 2023
By the NumbersMortgage rates move closer to 7%The 30-year fixed-rate mortgage rose to 6.81% this week as the Fed raised its benchmark rate to the highest level since 2001.Dave GallagherJuly 27, 2023
By the NumbersPending home sales ticked up in JuneThe 0.3% gain is the first increase in four months, NAR reported, suggesting that “the housing recession is over.”AJ LaTraceJuly 27, 2023
IndustryRentals can be a ‘perfect hedge’ during a slow marketThe property management platform RentSpree is seeing an uptick in real estate agent customers as for-sale inventory remains limited.Dave GallagherJuly 27, 2023
By the NumbersHome equity reaches a 4-year highThe percentage of equity-rich homes hit 49% in the second quarter, rebounding after a decline earlier in the year.Dave GallagherJuly 26, 2023
By the NumbersAfter pausing in June, the Fed hikes rates againThe benchmark rate is now in the 5.25-5.5% range, the highest level in 22 years.Dave GallagherJuly 26, 2023
By the NumbersNew home sales dipped in June but are well above levels from a year agoPrices also fell slightly, nearly closing the gap between new and existing home prices.AJ LaTraceJuly 26, 2023
MLS/AssnCompensation lawsuits could 'explode' MLS status quoRealtracs CEO Stuart White believes the MLS landscape could look very different in a post-"cooperation and compensation" future.Robert DavisJuly 26, 2023
IndustryAnother strong quarter for CoStar as revenue, site traffic climbsThe commercial and residential real estate giant continues to grow revenue and income while also investing in Homes.com.Dave GallagherJuly 25, 2023
By the NumbersHome prices rise 4 months in a rowThe Case-Shiller index for May shows steady home price growth since January and a slight dip compared to this time last year.AJ LaTraceJuly 25, 2023
BrokeragesAnywhere is back in the black after 2 quarters of steep lossesWhile down year-over-year, revenue and income were up over the previous quarter, but the company missed expectations on earnings per share.Amie FisherJuly 25, 2023