MLS/AssnNAR doubles down on commission practices ahead of trialAn attorney for the organization said a loss would be “bad news for consumers” and force the industry “back into the 19th century.”Dave GallagherOctober 11, 2023
BrokeragesPeople on the Move: A new leader at Coldwell BankerColdwell Banker Affiliates appoints BHHS exec Jason Waugh as president; PLACE names coach Brendon Burchard as chief growth advisor.Real Estate News StaffOctober 11, 2023
IndustryFreedom Mortgage faces new legal woes following recent fineThe Consumer Financial Protection Bureau is suing the company over faulty loan data. In August, Freedom was fined by the CFPB for illegal kickbacks.Dave GallagherOctober 10, 2023
By the NumbersHomebuyers get creative as market sentiment soursMost consumers say it’s a bad time to buy, but for the determined, family members can help them overcome affordability hurdles.Robert DavisOctober 10, 2023
TechTech Bytes: News from REcolorado, Earnnest, FBS, CoreLogicREcolorado adds listings to Alexa, partners with SkySlope; Global MLS integrates earnest money service; FBS adds Local Logic tech; CoreLogic app hits 1M users.Real Estate News StaffOctober 10, 2023
By the Numbers3 ways the pandemic shaped the housing marketGovernment policies and the rise of remote work contributed to declining affordability, but real estate agents have an opportunity to show their value.Austin AlonzoOctober 10, 2023
Brokerages4 surprises about real estate firms in 2023NAR’s profile of brokerage businesses offers a look inside the makeup, operations and goals of firms, finding that many are still in growth mode.Dave GallagherOctober 9, 2023
IndustryWhat every real estate professional needs to know about wire fraudProtect your clients — and your reputation — by learning how to detect and prevent financial scams. Robert SicilianoOctober 8, 2023
TechNo contingencies, more closed deals? These startups say that’s the futureThe CEOs of UpEquity and EasyKnock say their buy-before-you-sell products make offers stronger and help agents close more deals. AJ LaTraceOctober 7, 2023
BrokeragesBrokerage Beat: News from C21, Real, The Agency, KW, Christie'sCentury 21 gains three new affiliates; Real snags 50-agent brokerage; The Agency opens in Panama; KW gains Bay Area firm; Christie's expands in UAE; more.Real Estate News StaffOctober 7, 2023
By the NumbersWhy strong job growth could further dampen home salesThe latest jobs report found that nearly twice as many jobs were added in September as expected, which could lead to even higher interest rates.Dave GallagherOctober 6, 2023
BrokeragesAnywhere, RE/MAX drop buyer commission and NAR requirementsThe brokerage giants have agreed to significant policy changes as part of their settlement agreements in the Sitzer/Burnett and Moehrl commissions cases.Stephanie Reid-SimonsUpdated October 6, 2023
TechIn Focus: How tech is transforming real estate, from floor plans to AICubiCasa President Jeff Allen has a specific goal: attach a floor plan to every listing. But he also says "massive advances" in tech are coming.Robert DavisOctober 6, 2023
By the Numbers3 top takeaways from the latest appraisal dataThe FHFA's second quarter report found that home values increased the most in states that aren't typically thought of as hot markets.Dave GallagherOctober 5, 2023
By the NumbersAre mortgage rates headed to 8%?The average weekly mortgage rate leapt up again this week, and 8% "does not seem unlikely."Dave GallagherOctober 5, 2023
IndustryHomes.com says it's second to Zillow, but does the math add up?A Homes.com exec told Real Estate News that its “playbook for growth is working,” but some competitors and outside observers see the data differently.AJ LaTraceUpdated October 5, 2023
BrokerageseXp launches app for off-market listingsThe company says eXp Exclusives is not meant to replace MLSs, but it provides a way to work with sellers who want to keep their listings private.Stephanie Reid-SimonsOctober 4, 2023
IndustryHome flippers see opportunity aheadA recent survey found that investor optimism increased in the past six months, though the high cost of financing is slowing investment purchases.Dave GallagherOctober 4, 2023
MLS/AssnFor MLSs, rentals make good business senseAs for-sale listings have declined, more MLSs are integrating rental tools that can help members sustain their business in a slower market. Robert DavisOctober 4, 2023
BrokeragesGurtej Sodhi, CIO at Crye-Leike Real Estate, has diedA respected tech leader, Sodhi spent nearly 30 years at Crye-Leike and held numerous roles on national boards.Stephanie Reid-SimonsOctober 3, 2023