IndustryPeople on the Move: Longtime Redfin exec departsAdam Wiener, Redfin’s president of real estate services and "moral compass," is leaving after more than 15 years with the company.Real Estate News StaffSeptember 1, 2023
TechICE, Black Knight merger on track to close next weekFollowing an FTC settlement in which Black Knight agreed to sell off a portion of its company, the deal is set to close on Sept. 5.Dave GallagherSeptember 1, 2023
MLS/AssnNAR pocket listing case goes back to the courts on appealA case filed by the Top Agent Network targeting NAR's Clear Cooperation policy was reinstated after previously being dismissed in 2021.Robert DavisSeptember 1, 2023
IndustryEx-Zillow CEO: NAR lawsuits ‘a seismic event’ for agents, portalsSpencer Rascoff said home search portals may need to pivot in a world where buyers agents are no longer paid via the listing agent’s commission.AJ LaTraceSeptember 1, 2023
MLS/AssnNAR stands with CEO amid turmoilNAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.Stephanie Reid-Simons, Dave GallagherAugust 31, 2023
By the NumbersMortgage rates level off but remain above 7%The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.Dave GallagherAugust 31, 2023
AgentsBuyers will drop agents who aren't showing their valueA survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.Dave GallagherAugust 31, 2023
IndustryMaui agents warn of land grabs, disregard for localsFollowing the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.Nicole BrodeurAugust 31, 2023
By the NumbersPending home sales up for a second month but still sluggishPending sales in July rose a modest 0.9%, but that could reflect an extended homebuying season as inventory has stifled buying activity.Dave GallagherAugust 30, 2023
BrokeragesBrokers in Focus: 'We're really a marketing and branding company'Emily Clark, president of Robert Paul Properties, discusses her top goals for the year and why agents should pay more attention to the industry.Melissa KandelAugust 30, 2023
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