MLS/AssnWhat MLSs should do now to prepare for commissions lawsuitsA proactive approach could help MLSs better manage any potential changes to their business models.Robert DavisAugust 29, 2023
By the NumbersHigh home prices in June foretold a tough summer for buyersThe latest Case-Shiller data found that prices continued to creep up through June, returning to peak levels. But things may shift this fall. Dave GallagherAugust 29, 2023
MLS/AssnNAR president resigns in the wake of sexual harassment allegations Just two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.Dave Gallagher, Stephanie Reid-SimonsUpdated August 28, 2023
MLS/AssnAgent launches campaign calling for change at NARAllegations of sexual harassment at NAR, followed by "very emotional" calls from association employees, sparked a new initiative now gaining steam.Stephanie Reid-SimonsUpdated August 30, 2023
BrokeragesPreparing for the next wave of brokerage M&AsAs real estate companies recover from the market downturn, many firms "will have to either be an active buyer or seller" in the next few years.Robert DavisAugust 27, 2023
MLS/AssnAllegations paint picture of sexual harassment, ‘culture of fear’ at NARA New York Times article details complaints from women about NAR and its president's “predatory” behavior.Dave GallagherAugust 26, 2023
By the NumbersDo new and older homes cost the same now? It’s complicatedLimited inventory is changing the behavior of buyers and the price of new construction relative to existing homes, several experts told Real Estate News.AJ LaTraceAugust 26, 2023
BrokeragesBrokerage Beat: News from Real, The Agency, SideReal expands on the East Coast; The Agency nabs a top NYC broker, launches in Kentucky, and gains a team in Boise; Real names a managing broker for Texas.Real Estate News StaffAugust 26, 2023
TechZillow acquiring title company after shuttering closing divisionThe purchase of Spruce will allow Zillow to build “a tech-forward, high-volume title company for the future,” the company said.Dave GallagherAugust 25, 2023
Industry'Reason for optimism' as Maui’s road to recovery takes shapeRebuilding after the Lahaina wildfires will be challenging and costly, but not "ominous."Nicole BrodeurAugust 25, 2023
IndustryZillow rolls out 1% down home loan programThe company said the new program, initially launching in Phoenix, will help ease one of the biggest barriers to entry for buying a home.AJ LaTraceAugust 24, 2023
By the NumbersMortgage rates surge to new heightsFor the fifth straight week, 30-year mortgage rates went up, hitting 7.23% — the highest level since 2001.Dave GallagherAugust 24, 2023
By the NumbersNew home sales still hot, but will fall bring a chill?New construction got another boost in July, with sales up 31.5% year-over-year. Rising mortgage rates may reverse that trend. Dave GallagherAugust 23, 2023
AgentsMaui broker: Hanging up on vultures, holding on to hopeChris Speicher feels "numb" in the wake of devastating wildfires but is committed to helping the community rebuild — in the right way.Nicole BrodeurAugust 23, 2023
MLS/AssnMLSs are coming back online after 2 weeks in the darkRapattoni is gradually restoring service following a cyberattack that shut down the MLS service provider on Aug. 9.Dave GallagherAugust 22, 2023
BrokeragesKW to slash profit sharing for former agentsStarting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%. Dave GallagherAugust 22, 2023
By the NumbersExisting home sales fall again — except in the WestNAR reported a 2.2% national decline in sales in July, but the West bucked the trend, and more first-time buyers entered the market.AJ LaTraceAugust 22, 2023
By the NumbersA wave of housing forecast updates point the same way: upResearchers from Zillow, Freddie Mac, and Goldman Sachs all issued revised, rising 2023 home value and price forecasts in the past week.AJ LaTraceAugust 22, 2023
BrokeragesRE/MAX to reduce workforce by 7%In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.”Dave GallagherAugust 21, 2023
By the NumbersNew homes shrink as costs of buying growThe median square footage for a home under construction — now 2,191 — has hit its lowest point since 2010.Dave GallagherAugust 21, 2023