IndustryReal estate industry awards: Can we be better?Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.Mitch RobinsonFebruary 21, 2024
IndustryCoStar revenue — and Homes.com push — beats expectationsCEO Andy Florance said Homes.com sold $4.5 million worth of new subscriptions to residential real estate agents in the first week after the Super Bowl.Dave GallagherFebruary 20, 2024
IndustryFormer Zillow exec expands mortgage site Tomo into home searchCEO Greg Schwartz says Tomo will stand out by offering “negotiation insights,” which include personal information about home sellers.AJ LaTraceFebruary 20, 2024
Industry3 top takeaways as the DOJ takes on commissionsThe newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.Dave GallagherFebruary 17, 2024
IndustrySecond commissions lawsuit filed in NevadaA total of 22 defendants are named, including NAR, local and national brokerages, and several associations and MLSs.Cheryl Reid-SimonsFebruary 16, 2024
IndustryDOJ to court: Buyers need to set their agents’ compensationA statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.Dave GallagherUpdated February 16, 2024
IndustryOpendoor trims losses, looks to buy more houses in 2024The leading iBuyer lost $275 million in 2023, but that was less than a fifth of 2022 losses. Now the focus is “sustainable” growth of the business.Cheryl Reid-SimonsFebruary 15, 2024
IndustryWhy Zillow is ready to ‘press down on the accelerator’ in 2024CEO Rich Barton was bullish despite the challenging housing market, predicting double-digit revenue growth this year during a Feb. 13 earnings call.Dave GallagherFebruary 14, 2024
IndustryZillow beat revenue expectations in fourth quarterWhile still posting a net loss, the company reported higher-than-expected revenue from its residential and rental businesses as Premier Agent held steady.Dave GallagherFebruary 13, 2024
IndustryPeople on the Move: Anywhere shuffles execs, Zillow hires policy proRudy Wolfs joins Anywhere as CTO while Melissa McSherry announces plans to leave COO role; Nicole Booth joins Zillow's government relations team.Real Estate News StaffFebruary 12, 2024
IndustryPeople on the Move at ERA, Anywhere, OAR and MetroTex Frank Malpica to lead franchise development at ERA; Joseph Lenz joins Anywhere board; Bryan Hutchinson takes on CEO role at OAR; Justin Landon to helm MetroTex.Real Estate News StaffFebruary 11, 2024
IndustryBrokers, are you focusing on the wrong agents?Superstars and stragglers might catch your attention, but agents in the middle — the slow-and-steady crowd — can supercharge your business, with some guidance.Jack MillerFebruary 10, 2024
IndustryThe real estate companies going all in on Super Bowl SundayHomes.com will run three new ads during the big event while Opendoor will livestream a real homeowner doing a virtual walkthrough during halftime.AJ LaTraceFebruary 7, 2024
IndustryRuling ‘an important step’ toward ending ban on Chinese buyersAppeals court sides with two of the four people suing the state of Florida along with an Orlando-based brokerage, with a final ruling expected soon.Cheryl Reid-SimonsFebruary 6, 2024
IndustryFTC weighs in on antitrust allegations leveled against CoStarCoStar’s residential business has managed to avoid the antitrust cases rocking the industry, but it’s a different story on the commercial side.Cheryl Reid-SimonsJanuary 31, 2024
IndustryPeople on the Move: Longtime HAR CEO Bob Hale to retire in 2026Hale announces his retirement after more than 50 years with the organization. Plus, Scott Mitchelson joins Corcoran as growth leader; Josh Team joins SERHANT.Real Estate News StaffUpdated January 30, 2024
IndustryClear Cooperation suit ends without any rule changesNAR says ThePLS.com, which sued the association and three major MLSs, is dismissing the case. But the door is open for it to refile this year.Stephanie Reid-SimonsJanuary 26, 2024
IndustryMajor MLSs reach settlement in lawsuit over NAR policyCRMLS, Bright MLS and MRED have reached an agreement with ThePLS.com over Clear Cooperation rules, leaving NAR as the only remaining defendant.Stephanie Reid-SimonsJanuary 25, 2024
IndustryJudge likely to merge 2 Illinois commissions casesThe lawsuits, known as Batton 1 and Batton 2, may soon be combined, with both moving forward under Judge Andrea Wood.Dave GallagherJanuary 24, 2024
IndustryIndustry Decoded: It’s time for mandatory buyer agreementsThe best way to protect consumers and raise the bar for the entire industry? Require buyer agency agreements across the board.Russ CofanoJanuary 24, 2024