By the NumbersFlorida and Texas markets are slowly regaining some balanceAfter heating way up over the past few years, prices and inventory in two of the most populous states are showing signs of stabilizing.AJ LaTraceJuly 24, 2023
IndustryCommissions lawsuits continue to progress in the US, CanadaThe defendants in several major lawsuits have not gained any ground this summer as the first case moves toward trial in less than 3 months. Dave GallagherJuly 24, 2023
By the NumbersThe latest housing trend: Permanent vacationsMore people are moving closer to beaches and further from urban centers to places with city amenities and lower housing costs, according to a new report.Cheryl Reid-SimonsJuly 23, 2023
BrokeragesBrokers in Focus: Community-driven approach is a winning strategyDava Davin, whose firm did nearly $860M in sales volume in the past 12 months, believes a philosophy of altruism has helped her win clients — and agents.Melissa KandelJuly 22, 2023
IndustryPeople On the Move at Livian and eXpLivian, the KW-affiliated teams platform, names a new president; longtime Century 21 exec moves to eXp. Real Estate News StaffJuly 22, 2023
MLS/AssnNAR 'confident' in the face of challenges to compensation The association believes it will prevail in court, but also “highly encourages agents to use buyer broker agreements.”AJ LaTraceJuly 21, 2023
BrokeragesBrokerage Beat: News from Real, C21, Pacific Sotheby's, moreTop Dallas team joins Real; C21 adds affiliates in Missouri, Colorado; Pacific Sotheby's Realty, BHHS, CB Warburg gain agents; The Agency adds design partner.Real Estate News StaffJuly 21, 2023
By the NumbersHousing Market Decoded: Don't expect price drops... yetA correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.Matthew GardnerJuly 21, 2023
MLS/AssnBright MLS to allow $0 buyer broker commissionsThe nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.”Dave GallagherUpdated July 21, 2023
By the NumbersExisting home sales are down, prices are way upNAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.AJ LaTraceJuly 20, 2023
By the NumbersMortgage rates post biggest weekly drop in 3 monthsThe 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.Dave GallagherJuly 20, 2023
By the NumbersIt’s a tough market — but a profitable one for sellersThe latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.Dave GallagherJuly 20, 2023
BrokeragesTop strategy exec returns to Compass after 2 years awayMark A. McLaughlin is back at Compass as the company’s chief real estate strategist. He left the company in 2021 to pursue consulting opportunities.Dave GallagherJuly 19, 2023
IndustryHomes.com traffic up 200% — could it become a top portal?Zillow's site visits were up, but the portal lost market share while Homes.com and Redfin made gains, and Realtor.com slumped.AJ LaTraceJuly 19, 2023
TechTech Bytes: News from 3 Western MLSs, InspectionGo, moreNWMLS launches app; New Mexico MLS adopts Aligned Showings; CRMLS updates member dashboard; iGo acquires products; Clear Capital integrates with ICE API; more.Real Estate News StaffUpdated July 19, 2023
By the NumbersBuilder confidence is up as more buyers opt for new homesWhile rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.Dave GallagherJuly 18, 2023
By the NumbersForeclosures trending up but well below crisis levelsMore than 185,000 properties had foreclosure activity in the first half of 2023, up 13% from last year.Dave GallagherJuly 18, 2023
BrokeragesWhere things stand with the MV Realty lawsuitsThe company's "right to list" agreements gained national attention in December, and civil and legislative actions are ongoing.Robert DavisJuly 17, 2023
BrokeragesBrokers in Focus: Education, guidance key to agent successNatalie Grubb Campbell, who manages Village Properties alongside her mom, makes sure her agents are "equipped to handle any situation" in a changing market.Melissa KandelJuly 16, 2023
MLS/AssnPennsylvania broker-owner: Small MLS ‘fiefdoms’ hurt agents and clientsBroker-owner Adam Conrad of Perry Wellington Realty describes the challenges of navigating seven different MLSs as the slow journey to consolidation continues.AJ LaTraceJuly 15, 2023