By the NumbersMortgage payments jump 60% in just two yearsThe latest Black Knight Mortgage Monitor Report paints a bleak picture of housing affordability with “limited room for a rebound” anytime soon.Cheryl Reid-SimonsSeptember 6, 2023
BrokeragesReal unveils 'very valuable' shift in rev share program“A lot of agents are going to make more money,” says CEO Tamir Poleg as Real reduces the threshold to move up in its rev share structure. AJ LaTraceSeptember 6, 2023
By the NumbersMost buyers weigh climate risk when home shoppingA new survey from Zillow found that more than 80% of homebuyers evaluate climate and environmental risks when considering where to live.AJ LaTraceSeptember 6, 2023
MLS/AssnSettle the commissions lawsuits? NAR says no After a major real estate company reached a settlement in the Moehrl and Sitzer/Burnett cases, NAR said its commitment to defend itself remains unchanged.Dave GallagherSeptember 5, 2023
BrokeragesAnywhere reaches settlements in landmark commission lawsuitsThe company and plaintiffs informed the judges that a preliminary settlement has been reached, ending two potentially damaging trials for Anywhere.Dave GallagherUpdated September 19, 2023
AgentsAgents Decoded: Your database is a goldmine — if you use itMost clients want to work with their agents again, but few do. Why? Because agents don't take full advantage of their CRM and stay in touch with past clients.J. Philip FarandaUpdated September 4, 2023
AgentsBuy Side: Buyers, not agents will suffer if commission structure changesFor Heather Maddox, working with buyers is "exciting and positive," and she’s confident she’ll continue to get paid no matter the outcome of lawsuits.Cheryl Reid-SimonsSeptember 3, 2023
MLS/AssnTransformative changes are coming, says retiring MLS leaderNWMLS CEO Tom Hurdelbrink says brokerage expansion is changing how MLSs operate, and lawsuits could spur an industry-wide “generational and tectonic shift.”Dave GallagherSeptember 2, 2023
BrokeragesBrokerage Beat: News from C21, Real, Compass, Christie's, BHGRECentury 21 snags SC firm; Christie’s opens in the Hamptons; Compass adds Chicago agents; Real gains luxury team; BHGRE opens in Turkey.Real Estate News StaffSeptember 2, 2023
By the NumbersHousing Market Decoded: Where is inventory headed? What housing starts revealNew construction homes and multifamily housing are on different tracks. Here’s why that matters, and what’s coming in the next year.Nancy Vanden HoutenSeptember 2, 2023
IndustryPeople on the Move: Longtime Redfin exec departsAdam Wiener, Redfin’s president of real estate services and "moral compass," is leaving after more than 15 years with the company.Real Estate News StaffSeptember 1, 2023
TechICE, Black Knight merger on track to close next weekFollowing an FTC settlement in which Black Knight agreed to sell off a portion of its company, the deal is set to close on Sept. 5.Dave GallagherSeptember 1, 2023
MLS/AssnNAR pocket listing case goes back to the courts on appealA case filed by the Top Agent Network targeting NAR's Clear Cooperation policy was reinstated after previously being dismissed in 2021.Robert DavisSeptember 1, 2023
IndustryEx-Zillow CEO: NAR lawsuits ‘a seismic event’ for agents, portalsSpencer Rascoff said home search portals may need to pivot in a world where buyers agents are no longer paid via the listing agent’s commission.AJ LaTraceSeptember 1, 2023
MLS/AssnNAR stands with CEO amid turmoilNAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.Stephanie Reid-Simons, Dave GallagherAugust 31, 2023
By the NumbersMortgage rates level off but remain above 7%The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.Dave GallagherAugust 31, 2023
AgentsBuyers will drop agents who aren't showing their valueA survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.Dave GallagherAugust 31, 2023
IndustryMaui agents warn of land grabs, disregard for localsFollowing the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.Nicole BrodeurAugust 31, 2023
By the NumbersPending home sales up for a second month but still sluggishPending sales in July rose a modest 0.9%, but that could reflect an extended homebuying season as inventory has stifled buying activity.Dave GallagherAugust 30, 2023
BrokeragesBrokers in Focus: 'We're really a marketing and branding company'Emily Clark, president of Robert Paul Properties, discusses her top goals for the year and why agents should pay more attention to the industry.Melissa KandelAugust 30, 2023