By the NumbersHome equity reaches a 4-year highThe percentage of equity-rich homes hit 49% in the second quarter, rebounding after a decline earlier in the year.Dave GallagherJuly 26, 2023
By the NumbersAfter pausing in June, the Fed hikes rates againThe benchmark rate is now in the 5.25-5.5% range, the highest level in 22 years.Dave GallagherJuly 26, 2023
By the NumbersNew home sales dipped in June but are well above levels from a year agoPrices also fell slightly, nearly closing the gap between new and existing home prices.AJ LaTraceJuly 26, 2023
MLS/AssnCompensation lawsuits could 'explode' MLS status quoRealtracs CEO Stuart White believes the MLS landscape could look very different in a post-"cooperation and compensation" future.Robert DavisJuly 26, 2023
IndustryAnother strong quarter for CoStar as revenue, site traffic climbsThe commercial and residential real estate giant continues to grow revenue and income while also investing in Homes.com.Dave GallagherJuly 25, 2023
By the NumbersHome prices rise 4 months in a rowThe Case-Shiller index for May shows steady home price growth since January and a slight dip compared to this time last year.AJ LaTraceJuly 25, 2023
BrokeragesAnywhere is back in the black after 2 quarters of steep lossesWhile down year-over-year, revenue and income were up over the previous quarter, but the company missed expectations on earnings per share.Amie FisherJuly 25, 2023
By the NumbersFlorida and Texas markets are slowly regaining some balanceAfter heating way up over the past few years, prices and inventory in two of the most populous states are showing signs of stabilizing.AJ LaTraceJuly 24, 2023
IndustryCommissions lawsuits continue to progress in the US, CanadaThe defendants in several major lawsuits have not gained any ground this summer as the first case moves toward trial in less than 3 months. Dave GallagherJuly 24, 2023
By the NumbersThe latest housing trend: Permanent vacationsMore people are moving closer to beaches and further from urban centers to places with city amenities and lower housing costs, according to a new report.Cheryl Reid-SimonsJuly 23, 2023
BrokeragesBrokers in Focus: Community-driven approach is a winning strategyDava Davin, whose firm did nearly $860M in sales volume in the past 12 months, believes a philosophy of altruism has helped her win clients — and agents.Melissa KandelJuly 22, 2023
IndustryPeople On the Move at Livian and eXpLivian, the KW-affiliated teams platform, names a new president; longtime Century 21 exec moves to eXp. Real Estate News StaffJuly 22, 2023
MLS/AssnNAR 'confident' in the face of challenges to compensation The association believes it will prevail in court, but also “highly encourages agents to use buyer broker agreements.”AJ LaTraceJuly 21, 2023
BrokeragesBrokerage Beat: News from Real, C21, Pacific Sotheby's, moreTop Dallas team joins Real; C21 adds affiliates in Missouri, Colorado; Pacific Sotheby's Realty, BHHS, CB Warburg gain agents; The Agency adds design partner.Real Estate News StaffJuly 21, 2023
By the NumbersHousing Market Decoded: Don't expect price drops... yetA correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.Matthew GardnerJuly 21, 2023
MLS/AssnBright MLS to allow $0 buyer broker commissionsNAR's acceptance of the move by the nation’s second-largest MLS comes as the industry faces significant legal challenges to buyer’s agent compensation.Dave GallagherUpdated December 12, 2024
By the NumbersExisting home sales are down, prices are way upNAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.AJ LaTraceJuly 20, 2023
By the NumbersMortgage rates post biggest weekly drop in 3 monthsThe 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.Dave GallagherJuly 20, 2023
By the NumbersIt’s a tough market — but a profitable one for sellersThe latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.Dave GallagherJuly 20, 2023
BrokeragesTop strategy exec returns to Compass after 2 years awayMark A. McLaughlin is back at Compass as the company’s chief real estate strategist. He left the company in 2021 to pursue consulting opportunities.Dave GallagherJuly 19, 2023