Industry News

Sexism isn't just a societal problem, it's a real estate industry problem. And if anything is going to change, men will have to step up — and speak up.

Roam, launched this week by a former Opendoor employee, aims to help buyers through the complicated and time-consuming mortgage assumption process.

The Instagram fave will become a “property event series” on HGTV in 2024, plus The Agency founder Mauricio Umansky will join Dancing with the Stars.

T3 Sixty CEO Jack Miller understands that budgets are tight, but investing in a conference is an investment in your business — if you're committed to learning.

Indie brokerage network LeadingRE has a new COO, chief legal officer; marketing platform Addressable taps Opendoor exec as COO; Women's Council names new CEO.

It's critical to understand the many types of threats facing real estate professionals and the strategies to avoid becoming a victim.

An ambitious challenge from Homes.com for consumer market share and agent dollars has reignited the portal competition, says former Zillow CEO Spencer Rascoff.

As the industry digests Anywhere’s decision to settle the Moehrl and Sitzer/Burnett cases, more such deals, and policy changes, emerge as likely outcomes.

Adam Wiener, Redfin’s president of real estate services and "moral compass," is leaving after more than 15 years with the company.

Spencer 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.

Following the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.

Rebuilding after the Lahaina wildfires will be challenging and costly, but not "ominous."

The company said the new program, initially launching in Phoenix, will help ease one of the biggest barriers to entry for buying a home.

An update to FTC rules could impact a broad range of real estate professionals — with stiff fines for noncompliance.

The Consumer Financial Protection Bureau fined Freedom Mortgage $1.75 million and Realty Connect $200,000 for providing illegal incentives for loan referrals.

The law, which took effect July 1, prohibits “foreign principals” from a number of countries from buying real estate in Florida.

Tom Hurdelbrink will step down in December, with NWMLS general counsel Justin Haag moving into the top spot.

A judge has ruled an antitrust claim was without merit, a key component in a federal case involving how portals display non-MLS real estate listings.

New rules intended to prevent laundering money through luxury real estate could increase costs and extend transaction times for agents and brokers.

When the case goes to trial next month, NAR policies on IDX feeds — which Zillow began using in 2021 — could be put to the test.

A more ‘judicious’ and partner-focused Opendoor will help the company succeed in the wake of significant losses and layoffs.

A new analysis of federal data found that the racial home appraisal gap has narrowed since the formation of the PAVE task force.

The top iBuyer hopes scaling home purchases, improving margins and leveraging partnerships will continue fueling its return to positive net income.

The Eighth Circuit Court of Appeals upheld a ruling denying HSoA’s motion to force arbitration in the Sitzer/Burnett case, scheduled for trial in October.

Overall revenue was up from Q1 and slightly higher year-over-year, but net losses continued to mount.

The iBuyer reduced losses and acquired more homes over Q1, but sales and revenue dipped significantly.

OJO promotes former KW CEO Chris Heller and Jerimiah Taylor to top roles; @properties elevates Branden Lopez to general counsel.

The two former rivals and popular home-search sites extend their connection beyond 3D Home, with Redfin calling Zillow listings “a new revenue opportunity.”

The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?

The property management platform RentSpree is seeing an uptick in real estate agent customers as for-sale inventory remains limited.

The commercial and residential real estate giant continues to grow revenue and income while also investing in Homes.com.

The defendants in several major lawsuits have not gained any ground this summer as the first case moves toward trial in less than 3 months.

Livian, the KW-affiliated teams platform, names a new president; longtime Century 21 exec moves to eXp.

Zillow's site visits were up, but the portal lost market share while Homes.com and Redfin made gains, and Realtor.com slumped.

A new CFO joins Offerpad as the company looks to “accelerate its near-term growth,” and Windermere appoints a longtime leader as chief development officer.

Prefab homes don't have the sexiest reputation, but modern styles mimic traditional homes — and could make homeownership more attainable.

The Consumer Federation of America suggests that new and less committed agents are bad for the industry and "deprive" their full-time peers of commissions.

After Howard Hanna announced it was dropping IDX, the listings feed service has been a hot topic. But how does it work, and why does it matter?

T3 Sixty has sent an open letter to the real estate industry, urging everyone to take action now to get ahead of potential rulings in commissions lawsuits.

Buyers can save a ton of money by assuming a mortgage on a home purchased a year or two ago at ultra-low interest rates, but the process can be tricky.

In an email to clients, the company announced it is ending Zillow Closing Services because it isn’t the “tech-forward and integrated product” customers need.

Support for the LGBTQ+ community can take many forms, from a rainbow flag in a window — a "beacon of safety" — to providing resources for LGBTQ+ clients.

Errol Samuelson, chief industry development officer, explains how Zillow plans to stay on top in a growing crowd of real estate portals and agent services.

As several buyer agent compensation cases work their way through the court system, it’s time for brokers and agents to come up with a plan.

Change is afoot at Anywhere brands, where 2 new presidents are filling the role vacated by Sherry Chris and regional leadership has shifted at Coldwell Banker.

Errol Samuelson, chief industry development officer for Zillow, discussed the company’s "housing super app," empowering agents, and consumer innovations.

Two of the state's top providers will no longer accept new applications, setting a grim precedent and adding another challenge for buyers.

Leading economist Dr. Paul Bishop and respected broker J. Philip Faranda were honored by the National Association of Real Estate Editors at their annual event.

The PAVE task force, a joint venture of HUD and other agencies, presented an action plan to address appraisal bias and increase diversity in the industry.

The company wants consumers to think of the search portal as an all-in-one destination for not only homes, but also real estate pros.

David Doctorow is stepping down as CEO of Move Inc, parent company of Realtor.com. News Corp exec Damian Eales starts on June 12.

As the Moehrl and Sitzer/Burnett buyer-broker compensation lawsuits move forward, these key details can help real estate pros understand the basics.

Don’t let this transformative moment intimidate you. Industry experts Stefan Swanepoel and Jack Miller of T3 Sixty say it’s an opportunity built on history.

CEOs Andy Florance, David Doctorow, Gino Blefari and Nick Bailey shared exclusive, and sometimes controversial, insights with Real Estate News.

NAR was unsuccessful in its attempt to overturn the class action status of the $13 billion Moehrl suit.

The value prop of MLSs as data aggregation organizations could be industry-changing. But like in "Moneyball," they'll need to play the game differently.

“You do not want to think you're smarter than your customers,” Florance said on CoStar’s strategy of building Homes.com as a platform for agents and consumers.

In an exclusive interview, CoStar CEO Andy Florance shared his ambitious road map for Homes.com’s growth and a critique of the site's competitors.

David Romero was hired as EVP of growth at Realty ONE, and John R. Wood Christie's announced 4 exec-level promotions.

The Move, Inc top exec reflects on three years in the job and shares his vision of a “pure” marketplace.

The fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.

The leading iBuyer lost $101 million in Q1, but that's a significant improvement over the previous quarter, and they are now "looking for stabilization."

The Seattle-based company beat analyst expectations for the first quarter and is entering a crucial period as it unveils new products.

The company managed to cut losses by half in Q1, and CEO Brian Bair said Offerpad has a "realistic and achievable plan" to meet its goals.

The CoStar CEO said that Homes.com’s ‘Your listing, your lead’ model is better for agents and consumers.

The new mortgage fee structure is an attempt by the FHFA to create "equitable and sustainable access to homeownership."

Money laundering criminals have their eyes on real estate, and with that interest comes heightened scrutiny from the government, as well as heightened risk.

CoStar’s investment in Homes.com appears to be paying off as the home search site boasts more than 100% year-over-year growth.

The company cited increased traffic to its portal websites, including Homes.com, as one reason for its growth.

The industry’s leading iBuyer continues its struggle against housing industry headwinds, cutting about 560 employees, mostly in operations.

Buyers seeking small mortgages have been increasingly shut out of traditional lending channels, leaving them with riskier options.

The outcome of the Moehrl suit could affect countless buyer agents. Might Zillow and other portals become an Uber-style marketplace for those agents?

Brokerage leader Phillip Cantrell named SVP at United Real Estate; Carolyn Merchant promoted to CMO at eXp Realty; Lake Homes adds growth-focused leaders.

Real estate consultant Rob Hahn is introducing a marketplace auction website that allows homeowners to sell without paying commissions.

Transforming underutilized office space to living space can create needed housing inventory, but it's not always easy. Some cities are trying to change that.

There’s money out there for people who need help getting into their first home — especially if they’re part of an underserved community.

After more than 5 years of litigation, the company agreed to a settlement with shareholders over its co-marketing program, which remains active.

If you're not investing in cybersecurity, your business may be vulnerable to a breach. Preventive measures are key to protecting your data and your firm.

With billions of dollars at stake, a judge’s ruling this week poses challenges to the residential real estate commission system.

Alexandra Lumpkin first general counsel at Real, Shawna Hernandez lands COO role at Endpoint, Sam Rodriguez joins Epique board, Kris Burdick promoted at Hanna.

Real estate reality TV isn’t exactly real. "The Bachelor" alums Jason and Molly offer their candid feedback on the glamorous and dramatic SoCal reality show.

In a tough year for real estate, many of the top companies and franchise brands held onto their rankings, but only a few were able to grow sales volume.

A judge ruled that the Moehrl suit would now cover all sellers who paid commissions to named companies over a 5-year period, plus “current and future” sellers.

A new report found that most portals lost traffic and market share over the past year, but a few companies improved or firmed up their positions.

Realtor membership went up a stunning 60% over the past decade, but declines are coming. It's time to talk about how to support the agents who stick around.

When SVB collapsed, it created some not-so-wonderful thoughts of “It’s a Wonderful Life” for Josh Jensen, co-founder of proptech startup Inspectify.

Bank failures may lead the Fed to tap the brakes on raising interest rates, which means now is a good time for homebuyers to keep calm and make their move.

The government took over SVB on Friday, while proptech leaders offered their support for the bank and expressed concern about the impact of its failure.

Lawsuits aren't just a risk for large, national firms. Brokerages of all sizes are exposed to legal and regulatory threats and need to be proactive.

As the company doubles down on the real estate portal, CEO Robert Thomson said News Corp remains “open and opportunistic.”

A recent panel discussion concluded that the industry, from lenders to agents, should take note: Millennials are a massive cohort with unique challenges.

CoStar’s Andy Florance shared his vision and plans for Homes.com, which he said offers "a superior consumer experience" and is "better aligned" with agents.

The residential real estate industry has seen epic growth from the days when home computing was new, and the top brokerage did $2.2 billion in annual sales.

Despite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.

Florance, founder and CEO, made the announcement during a Q4 earnings conference call Tuesday, which also highlighted the company's revenue gains.

Keller Mortgage will continue to operate alongside existing divisions of Mutual of Omaha, with Gary Keller as co-owner.