TechTech Bytes: Compliance drives VestaPlus, ListAssist dealsSan Diego MLS adds Checkmate from VestaPlus, which is also teaming up with ListAssist to expand reach; CoreLogic launches new OneHomeowner portal.Real Estate News StaffJuly 26, 2024
IndustryMove and CoStar exchange barbs in trade secrets caseThe former Realtor.com employee at the heart of the case responded to the accusations, while lawyers for both companies complained of leaks and delays.AJ LaTraceJuly 26, 2024
Industry'Unfiltered': How agents can win when data meets ‘vibe’Watch the conversation as Local Logic’s CEO shares how data on “everything that happens outside the four walls” of a home can turn agents into instant experts.Real Estate News StaffJuly 25, 2024
MLS/AssnGlobal software company makes unexpected play for REcoloradoMRI offered to buy the nation’s 16th-largest MLS — then upped its offer — and wants association members to consider it at a July 29 meeting about the sale.Stephanie Reid-SimonsUpdated July 26, 2024
By the NumbersBuyers continue to hold out as rates stay putMortgage rates remained nearly flat as the market awaits the Fed’s next move. Meanwhile, inventory is still growing — but “sellers are pulling back.”Dave GallagherJuly 25, 2024
MLS/AssnPocket listings lawsuit gets (another) new lease on lifeA U.S. District Court judge has approved a motion from the plaintiffs requesting reconsideration of a case originally filed against NAR in 2020.Dave GallagherJuly 24, 2024
Sponsored ContentRealtor.com backs buyer agency for underrepresented groupsCMO Mickey Neuberger explains why buyer representation is so important, and how agents and industry partners can help. Realtor.com
IndustryPeople on the Move: eXp taps VP for growth; OREA leader resignsTroy Palmquist will oversee a product team, commercial real estate and more for eXp; Tim Hudak is stepping down as Ontario association CEO effective August 2.Real Estate News StaffJuly 24, 2024
By the NumbersBuyers backing out of deals in record numbers as market shiftsUpward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to affordability issues.AJ LaTraceJuly 24, 2024
IndustryDANGER Report follow-up to have new focus: OpportunityA sequel to the industry-challenging assessment is expected in early 2025 and will focus on the future. “The time is now for the industry to transform itself.”Stephanie Reid-SimonsJuly 24, 2024
IndustryYour guide to the latestKeep track of all the cases and their status with our handy lawsuit cheat sheet.
IndustryCoStar reports higher revenue, defends traffic numbersCEO Andy Florance touted the growth of Homes.com and said its traffic data source was more reliable, comparing it to “election results” versus “polls.”AJ LaTraceJuly 23, 2024
By the NumbersHome prices hit a new high even as sales fallAt $426,900, the median sale price for existing homes set another record in June, but inventory also rose, suggesting a “slow shift” to a buyer’s market.AJ LaTraceJuly 23, 2024
MLS/AssnBroker sees uncertain future for MLSs and associationsThere’s “going to be a point at which it doesn't make sense to belong” to small, local MLSs, one broker-owner — and member of 7 MLSs — told Real Estate News.AJ LaTraceJuly 23, 2024
BrokeragesKW surpasses $2B in profit sharesThe profit-share program, which made headlines last year after the company proposed changes, hit a new milestone with the multibillion-dollar figure.Dave GallagherJuly 22, 2024
IndustryColorado official: Buyer contracts can’t be required for home toursA letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.AJ LaTraceUpdated July 23, 2024
BrokeragesA top eXp exec jumps to fast-growing cloud-based brokerageFormer eXp Chief Growth Officer Michael Valdes will spearhead the international expansion of LPT Realty, which he says is perfecting the model eXp pioneered.Dave GallagherJuly 22, 2024
IndustryWhat to keep in mind as NAR’s ‘remarkable deal’ becomes realityA leading MLS lawyer breaks down the settlement that removes offers of compensation from MLSs and requires more robust buyer agreements starting August 17.Stephanie Reid-SimonsJuly 21, 2024
IndustryHousing market angst won’t swing the election (probably)Renters and buyers are frustrated by high housing costs, but homeowners — the largest share of likely voters — are focused on other issues.Amie FisherJuly 20, 2024
BrokeragesBrokerage Beat: News from Compass, E&V, Coldwell Banker, C21Compass gains teams in New Jersey and Florida; E&V opens in Portland; CB Warburg adds agents; Century 21 marks third year of global giving initiative. Real Estate News StaffJuly 20, 2024
BrokeragesHoward Hanna offering buyer agreement/mortgage bundle dealBuyers who sign agreements with the nation’s largest family-owned brokerage — and use its mortgage services — will get a 0.5% credit when their loan closes.Dave GallagherJuly 19, 2024