MLS/AssnGet ready, say MLS leaders — change is comingCEOs from five of the country's largest MLSs discussed the challenges (and progress) in making MLS organizations more efficient and collaborative.Dave GallagherMay 12, 2023
BrokeragesA tough first quarter for top Canadian brokerage companyBridgemarq Real Estate Services reported a net loss of $4.7 million, attributing the drop to the housing market downturn.Stephanie Reid-SimonsMay 11, 2023
BrokeragesReal defies the odds, reports strong annual revenue gainsThe Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.”Amie FisherMay 11, 2023
By the NumbersThe 'catastrophic' impact of a debt default on housing costsThe U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.Cheryl Reid-SimonsUpdated May 24, 2023
By the NumbersMortgage rates inch down, continuing a ‘sideways trend’ Interest rates dipped slightly to 6.35% this week, and mortgage applications were up — but limited inventory is keeping the market “subdued.”Amie FisherMay 11, 2023
BrokeragesWhy RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.Dave GallagherMay 11, 2023
IndustryFHFA decides to scrap new debt-to-income ratio feesThe fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.Dave GallagherMay 10, 2023
BrokeragesDouglas Elliman down in Q1 but betting on luxury turnaroundThe brokerage reported a net loss of $15.1 million in the first quarter but says it has plenty of cash on-hand to carry it through the down cycle.AJ LaTraceMay 10, 2023
BrokeragesThe next wave of agents looks familiar, but … Brokerage leaders expect agents to be more tech-savvy than ever before, bringing new skills that enhance traditional approaches to buying and selling homes. Dave GallagherMay 10, 2023
BrokeragesCompass loses $150 million, but finds reasons for optimismWith the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.Dave GallagherMay 9, 2023
By the NumbersPrices up in 70% of metros — but that’s a big drop from Q4NAR’s latest quarterly home sales report found that most markets are still seeing annual price increases, with the biggest gains in the Midwest and Southeast.Amie FisherMay 9, 2023
TechHow tech is making buying easier — and where it needs to goIs it possible to create an end-to-end buying and selling solution? Should we give iBuying a second look? Tech leaders discuss these questions and more.Dave GallagherMay 9, 2023
MLS/AssnNAR move will increase 2024 dues by 4%NAR has approved a proposal that would increase dues based on the inflation rate. This will raise 2024 dues to $156 (from $150).Stephanie Reid-SimonsUpdated May 11, 2023
BrokeragesNew Compass division aims to be a trusted resource for military familiesThe team, led by a retired Navy Senior Chief and an active duty Navy Lieutenant Commander, will help service members navigate the VA loan process.AJ LaTraceMay 8, 2023
AgentsEssential items for your car (because smells happen)Agents need to be prepared for anything, from spills to smells, all while keeping their clients happy and hydrated.Nicole BrodeurMay 8, 2023
BrokeragesBrokerage Beat: News from Corcoran, RE/MAX, Real, C21, moreCorcoran expands in NJ; RE/MAX snags SoCal firm; Real opens in Manitoba; C21 grows in Green Bay; AZ indie joins KW; The Agency opens in Boise; eXp woos teams. Real Estate News StaffMay 6, 2023
BrokeragesHow the industry looks to leaders who have stepped awayIn a panel discussion, former CEOs of some of the largest real estate companies talked about remote work, AI and more.Dave GallagherMay 6, 2023
BrokeragesRE/MAX revenue down, but mortgage business is growingThe company lost $700K and saw U.S. agent count decline in Q1, but said the results met expectations and focused on opportunities for Motto Mortgage.AJ LaTraceMay 5, 2023
TechCTO gets Real about new AI tools, and risksChatGPT is not hard to add to your site. The challenge comes in doing it the right way, so you don’t hurt your brand with “hallucinations.”Stephanie Reid-SimonsMay 5, 2023
BrokeragesRedfin revenue down by nearly half, but better than expectedRedfin CEO Glenn Kelman says the company is ‘leaner, hungrier’ and ready for when the real estate market rebounds.Dave GallagherMay 4, 2023