Industry News

In many major U.S. metros, small-time mom-and-pop flippers are delivering more renovated homes to the market than new home builders, a New Western report found.

Vic Lombardo will lead Motto Mortgage as RE/MAX Holdings’ new president of mortgage services. Plus, the Greater Tulsa Association of Realtors names a new CEO.

A new report found that despite industry fears, commission rates have ticked higher since buyer agreements changed and offers of compensation moved off the MLS.

A block on mass CFPB staff cuts is overturned. Meanwhile, Fannie Mae faces a defamation lawsuit, and a top Fed official pushes for three rate cuts this year.

The industry-leading iBuyer had seen its stock price jump, but calls for Carrie Wheeler to step down grew louder. A search for a replacement has already begun.

New bipartisan housing legislation speaks volumes about policymakers’ interest in implementing real change, housing advocates agreed during a panel discussion.

Sandra Howard brings major-brand experience and award-winning skills to the role, which she calls “a marketer’s dream,” due to Keller Williams’ strong culture.

Greystar, a major property management firm, will cooperate with the agency’s ongoing case against the proptech over rental pricing algorithms.

Far fewer homes are at risk so far, but wildfires are prompting evacuations just outside of LA as a foreign buyer drops millions on destroyed beachfront.

The Utah-based flat-fee brokerage is challenging the mid-July dismissal of its lawsuit alleging anticompetitive behavior and steering.

The Trump administration reportedly sets a timeline for the privatization of Fannie Mae and Freddie Mac; DOJ official who testified against NAR fired.

Andowah Newton will become NAR’s vice president, litigation, and associate general counsel at the end of the month; John Geha joins GBBR as its new CEO.

A Washington state judge issues a new ruling in Compass’ case against Northwest MLS; in Missouri, Howard Hanna’s settlement in the Gibson case moves forward.

Overall revenue beat expectations — again — jumping 15% in the second quarter, thanks in large part to big gains in rentals and home loans.

Days after announcing it is no longer at risk of getting booted off Nasdaq, Opendoor reported its first quarter of adjusted EBITDA profitability in three years.

Homebuyers have filed six lawsuits claiming that a national mortgage company paid a local Raleigh firm $15K/mo for exclusive referrals in violation of RESPA.

The iBuyer is no longer considering a reverse stock split to regain compliance with Nasdaq price requirements now that its stock has rebounded on its own.

From the Inman Connect stage to CNBC’s “Squawk Box,” the CEOs of CoStar, Realtor.com and Compass took hits at the home search giant this week.

The latest announcements on trade signal a period of continued uncertainty for builders and the economy. Meanwhile, NAR applauds two federal housing bills.

In just three weeks, nearly 200,000 people clicked the new “Get Prequalified” button on Redfin listings, sending new purchase leads to the mortgage giant.