BrokeragesRealty ONE, @properties reach settlements in commission casesThe brokerages are the first to settle following preliminary approval of the NAR agreement by a Missouri judge earlier this week.Dave GallagherApril 24, 2024
TechTech Bytes: Movoto partners with GreatSchools; T3 Sixty names Fusion finalistsWeb portal Movoto announces exclusive partnership with educational data nonprofit; Fusion awards recognize top-tier residential real estate brokerage websites.Real Estate News StaffUpdated April 26, 2024
IndustryCoStar revenue up 12%, but Homes.com advertising eats into profitsHomes.com subscription sales to agents are the biggest product launch in CoStar history, said CEO Andy Florance, as the company pursues portal dominance.Cheryl Reid-SimonsApril 23, 2024
Industry‘Change will absolutely happen’ — so build something newReal estate has gone through massive changes over the past 50 years, says industry icon Stefan Swanepoel, but it’s time to focus on the future.Stephanie Reid-SimonsApril 23, 2024
IndustryPeople on the Move: C.A.R. CEO resigns; eXp names new CMOJohn Sebree is leaving the California Association of Realtors, while Wendy Forsythe will move into the role of CMO at eXp.Real Estate News StaffApril 23, 2024
IndustryJudge grants preliminary approval of NAR settlementA hearing for final approval is scheduled for Nov. 26. The court filing also included information about who is covered in the nationwide class action.Dave GallagherApril 23, 2024
TechReal estate’s AI era is just starting — here’s what you need to doIt’s not too late to get on board, but “you have less than a year to figure it out,” AI expert Allie K. Miller told execs at the T3 Leadership Summit.Stephanie Reid-SimonsApril 23, 2024
BrokeragesHome sellers make another bid for consolidation in MissouriPlaintiffs in Umpa and Gibson have asked the court to merge the two lawsuits. The antitrust cases cover similar ground and name several of the same defendants.Dave GallagherApril 22, 2024
TechCoStar acquires Matterport — and all its dataThe move gives the Homes.com parent company access to a massive amount of digital property information as it looks to strengthen its residential presence.Stephanie Reid-SimonsApril 22, 2024
IndustryBrokerages, MLSs not covered under NAR deal face 60-day deadlineSitzer/Burnett plaintiffs filed preliminary approval docs on Friday, triggering a countdown to opt in to the agreement process outlined by NAR and the courts.Dave GallagherApril 22, 2024
IndustryWhat’s new and what’s next, post-NAR commissions deal?The Supreme Court passes on a chance to weigh in, objections pile up, and Fannie and Freddie say it’s all right to exclude commissions from seller concessions.Dave GallagherApril 20, 2024
BrokeragesBrokerage Beat: News from Real, Corcoran, C21, BHGRE, Sotheby'sReal nabs top Chicago team; Rabbitt Group forms at Corcoran Reverie; Baltimore indie joins C21; Oklahoma firm signs on with BHGRE; Sotheby's opens in Poland.Real Estate News StaffApril 20, 2024
IndustryPeople on the Move: Chicago Association of Realtors president resignsDrussy Hernandez said the move was necessary due to “external professional obligations.” CAR president-elect Erika Villegas will take over the role on May 15.Real Estate News StaffApril 19, 2024
IndustryRacial disparity in appraisals continues to improveAfter encouraging reports from 2022, new data shows the appraisal gap continued to shrink throughout much of the U.S. in 2023.Cheryl Reid-SimonsApril 19, 2024
IndustryTop portal rivals show mutual support for buyer agencyThis week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry. AJ LaTraceApril 19, 2024
By the NumbersInventory is way up in Florida — but prices are still risingActive listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.AJ LaTraceApril 19, 2024
By the NumbersMortgage interest rates soar above 7%, reaching new 2024 highNo rate relief is expected soon, and home prices are also setting records this spring, suppressing existing home sales.Dave GallagherApril 18, 2024
IndustryWhy is housing supply so low? Blame local zoningTwo U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.AJ LaTraceApril 18, 2024
BrokeragesKW still on the hook for spam calls, judge rulesA Pennsylvania judge concluded the brokerage company has personal jurisdiction in a telemarketing lawsuit involving agents from a franchise office.Dave GallagherApril 18, 2024
By the NumbersHousing Market Decoded: 3 factors that could affect summer home salesGet answers to the big questions on everyone's mind: What will happen with inventory and mortgage rates — and will the NAR settlement impact the market?Lisa SturtevantApril 17, 2024