By the NumbersAs expected, the Fed raises rates for the 8th time since MarchThe latest rate hike of a quarter point is the smallest increase since rates began their steady climb last spring.Linda F. HerseyFebruary 1, 2023
MLS/AssnDOJ may step into another NAR antitrust caseThe Department of Justice said it plans to file a brief in an appeal by the Top Agent Network over NAR's Clear Cooperation Policy.Linda F. HerseyFebruary 1, 2023
BrokeragesTeams on the Move: Douglas Elliman, Real, Christie's, Coldwell Banker gain teamsThe latest movers: John Stanaland Group, The C Group, Trent Luxury, Drew and Susan Gitlin.Real Estate News StaffUpdated February 2, 2023
AgentsFair housing advocate and NAR leader Margo Wheeler has diedWheeler, a John L. Scott broker in Tacoma, Wash., was VP of association affairs at NAR, a local industry leader, and a volunteer at several housing nonprofits.Cheryl Reid-SimonsJanuary 31, 2023
By the NumbersHome prices, sales off in November amid higher mortgage ratesThe S&P CoreLogic Case-Shiller Index for November showed a monthly drop in home prices as buyers retreated in response to rate hikes, affordability concerns.Linda F. HerseyJanuary 31, 2023
BrokeragesCEO White: Sotheby's Realty 'has always operated from a position of strength'Philip White, the longtime leader of Sotheby's International Realty, is focused on growth and quality of service — a hallmark of the luxury brand.Linda F. HerseyJanuary 31, 2023
TechMLS-owned software company launches new scheduling toolUtahRealEstate.com, one of the largest MLSs in the West with more than 20,000 members, announced its new software product from MLS Aligned.Dave GallagherJanuary 30, 2023
By the NumbersSunshine state irresistible to buyers in 2022A new NAR analysis found that Florida led the way in population growth in 2022, with net migration far exceeding that of runner-up Texas.Dave GallagherJanuary 30, 2023
TechCRMLS partnership brings AI to listing photosStyldod, a proptech company backed by CRMLS, will provide AI-powered image analysis to improve efficiency and ensure listing photo compliance. Linda F. HerseyJanuary 30, 2023
IndustryTrends 2023: Homeownership creates a rising tide of personal wealthThe data shows that homeowners have a typical net worth 40 times greater than that of renters, and greater financial resilience in tough times.T3 SixtyJanuary 30, 2023
BrokeragesRE/MAX at 50: From disruptor to household nameFrom a mom-and-pop business that was "us against the world" to a global real estate powerhouse, RE/MAX has remained focused on growth and agent success. Linda F. HerseyJanuary 29, 2023
BrokeragesCEO Christy Budnick prioritizes collaboration at BHHSAs the leader of a massive franchise network, Budnick emphasizes teamwork. "Collaboration really allows us to understand the challenges and potential impacts."Linda F. HerseyJanuary 28, 2023
IndustryMortgage companies getting closer to 'one-click' experience for buyersFintech companies Better and Tomo recently launched services to speed up the home loan process for borrowers.Dave GallagherJanuary 27, 2023
IndustryPeople on the move: Who's moving up at Zillow, Anywhere and moreThe latest movers: Beverly Jackson at Zillow, Egbert Perry at Anywhere, Jason Nicosia at BHGRE, Kevin Patsel at Compass, Christine Pappas at Keyes.Real Estate News StaffJanuary 27, 2023
By the NumbersPending home sales rise as loan rates stabilizeFor the first time since May, the number of homes under contract increased by a small but notable 2.5%, signaling a potential shift in the market.Linda F. HerseyJanuary 27, 2023
TechAs more companies merge, who is dominating the tech landscape?Inside Real Estate’s purchase of BoomTown is part of a trend of consolidation across the industry, leading to a handful of major players in tech.Dave GallagherJanuary 27, 2023
TechZillow's new AI-powered search helps shoppers find their ideal homeThe natural language search feature is the first of its kind on a major consumer real estate portal. Dave GallagherJanuary 26, 2023
By the NumbersInterest rates continue downward trend, but what’s next is unclearThis week's rate of 6.13% is nearing a level where it may create some demand, particularly from first-time homebuyers. Dave GallagherJanuary 26, 2023
Brokerages'Don't get complacent': Realty ONE sets sights on further growth, new markets Even as the market was slowing, Realty ONE was continuing to add offices. It’s something Founder and CEO Kuba Jewgieniew is planning to do more of in 2023. Dave GallagherJanuary 26, 2023
MLS/AssnNAR succeeds in halting DOJ investigationDespite reaching a settlement agreement in 2020, the Department of Justice reopened a probe into NAR policies. The association fought back — and won.Cheryl Reid-SimonsJanuary 25, 2023