MLS/AssnNAR shines a light on ‘cultural transformation’ The themes of diversity, equity and inclusion were present throughout last week’s NAR NXT conference.AJ LaTraceNovember 24, 2023
BrokeragesBrokerage Beat: News from Century 21, RealTwo multi-office Century 21 firms engage in a strategic sale; The Real Brokerage nabs large SoCal team.Real Estate News StaffNovember 24, 2023
By the NumbersBuyers can give thanks for another dip in mortgage ratesApplications increased as 30-year fixed-rate mortgages declined for a fourth straight week.Dave GallagherNovember 22, 2023
TechHack at nation’s largest title company stalls closingsFidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.Cheryl Reid-SimonsUpdated November 30, 2023
By the NumbersExisting home sales take biggest hit of the yearOctober home sales slid 4.1%, representing the steepest single-month decline in 2023 so far.AJ LaTraceNovember 21, 2023
IndustryHomes.com fires back over traffic claims, buyer agency and trustDave Mele, president of Homes.com, previewed his company’s monetization plans and responded to criticisms and allegations from competitors.AJ LaTraceNovember 21, 2023
BrokeragesPeople on the Move: NAR's 2024 leaders take their postsAfter taking on the role of president a few months early, Tracy Kasper joined other officers for their gala moment at the association’s conference.Real Estate News StaffNovember 20, 2023
BrokeragesAnywhere, RE/MAX settlements receive preliminary approvalThe agreements, which cover multiple buyer-broker commissions lawsuits, were deemed “fair, reasonable and adequate” by the judge.Dave GallagherUpdated November 22, 2023
AgentsBuy Side: The impact of Sitzer/Burnett hits homeWhen Melissa Savenko told a pair of buyer clients about the recent verdict, they balked at the idea of paying commissions. She thinks it's just the beginning.Cheryl Reid-SimonsNovember 19, 2023
AgentsAgents Decoded: Commissions lawsuits won’t doom agentsReal estate agents hate change — but lawsuit outcomes like buyer agreements and greater transparency are nothing to fear, says industry veteran Phil Faranda.J. Philip FarandaNovember 18, 2023
BrokeragesBrokerage Beat: News from The Agency, Coldwell Banker, C21, Sotheby'sThe Agency opens 100th office; longtime Bermuda firm re-ups with Coldwell Banker; Century 21 adds affiliate in Mass.; Sotheby's grows in Upstate NY. Real Estate News StaffNovember 18, 2023
By the NumbersFall bump in new construction activity a welcome surpriseBuilding permits and housing starts rose modestly between September and October, suggesting that more supply could be coming online in future months.Dave GallagherNovember 17, 2023
IndustryWe want to be No. 1 with ‘no tricks,’ Realtor.com CEO saysIn response to Homes.com’s huge traffic growth, Damian Eales said “poor-quality audience and stunts lead to low-quality leads.” AJ LaTraceNovember 17, 2023
MLS/AssnHearts, minds and home: Moving topics from NAR NXTConference sessions provided moments of laughter as well as insights into the future of the association — and the country — in challenging times.Stephanie Reid-SimonsNovember 17, 2023
BrokeragesAI 'more disruptive' than lawsuits, Sanford tells eXp agentsNew buyer agency agreements are coming (though agents don't have to use them), but the focus should be on relationships, eXp’s CEO said in a YouTube broadcast.Dave GallagherNovember 16, 2023
By the NumbersMortgage rates dip to lowest level since SeptemberAs rates decline for a third straight week, mortgage applications have risen, suggesting the possibility of a jump in year-end home sales.Dave GallagherNovember 16, 2023
AgentsDear Coach: How to find your mojo and juggle tasksTom Ferry offers advice on "choosing your hard" and building in time to work on your business.Tom FerryNovember 16, 2023
IndustryCommissions case won't be finalized until 2024Although the jury reached a verdict in the Sitzer/Burnett lawsuit on Oct. 31, post-trial motions will keep any judgment on hold until spring.Dave GallagherNovember 15, 2023
BrokeragesMark Willis returns to CEO role at KWWillis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.Dave GallagherNovember 15, 2023
By the Numbers2024 could usher in a surge of home salesNAR economist expects to see a double-digit rise in both existing and new home sales next year.Dave GallagherNovember 14, 2023