BrokerageseXp looks to international growth as profits fallCEO Glenn Sanford acknowledged the challenging market, but said eXp has increased market share and added agents even as revenue remains flat.AJ LaTraceNovember 3, 2023
By the NumbersJobs report could mean lower mortgage rates are comingThe pace of jobs and wages slowed in October, which may reduce inflation and potentially knock down mortgage rates in time for the spring selling season.Dave GallagherNovember 3, 2023
BrokeragesRE/MAX losses soar following payout in commissions casesWhile revenue dipped slightly, net losses totaled more than $59 million, but CEO Steve Joyce said the company continued to make progress in a tough market.Robert DavisNovember 2, 2023
BrokeragesRedfin ready for a ‘revolution’ after commissions verdictCEO Glenn Kelman told investors its customer focus, including self-service options for buyers, helped improve earnings and could help Redfin grab market share.Cheryl Reid-SimonsNovember 2, 2023
IndustryAs revenue plummets, Opendoor aims for a turnaround in 2024During the company's Q3 earnings call, CEO Carrie Wheeler said she anticipates a quiet fourth quarter but an uptick in home acquisitions next year.AJ LaTraceNovember 2, 2023
By the NumbersMortgage rates level off after rising for 7 weeksAfter steadily climbing this fall, average rates — which have been hovering near 8% — inched down this week, but continued fluctuations are likely.Dave GallagherNovember 2, 2023
MLS/AssnBob Goldberg out at NAR, Chicago media exec inNykia Wright, previously CEO of the Chicago Sun-Times, will be interim CEO. Goldberg had previously announced plans to depart in 2024.AJ LaTrace, Stephanie Reid-SimonsUpdated November 2, 2023
IndustryZillow ‘well positioned to thrive’ despite commissions trial outcomeDuring the Q3 earnings call, CEO Rich Barton discussed the Sitzer/Burnett verdict and how it could affect Zillow — and the industry as a whole.AJ LaTraceNovember 1, 2023
BrokeragesHow did Redfin get roped into the commissions lawsuits?Despite cutting ties with NAR and touting its consumer advocacy, the brokerage is named in a new lawsuit similar to the Sitzer/Burnett and Moehrl cases.Dave GallagherNovember 1, 2023
IndustryThe jury has spoken — now what?The Sitzer/Burnett trial may be over, but a final judgment — which could impact both monetary damages and commissions rules — is yet to come.Stephanie Reid-SimonsNovember 1, 2023
TechZillow acquiring popular Follow Up Boss CRMThe home search giant’s latest acquisition will help support its “housing super app," said Chief Industry Development Officer Errol Samuelson.AJ LaTraceNovember 1, 2023
IndustrySettling ahead of trial a prudent choice for Anywhere, RE/MAXWith more trials over commission practices — and potentially hefty damage awards — looming, the settlement agreements could be a selling point.Dave GallagherOctober 31, 2023
IndustryNew commissions lawsuit filed on the heels of Sitzer/Burnett verdictAfter the jury unanimously found for the plaintiffs in the Missouri case, the lead attorney announced he was filing a nationwide suit naming NAR, 7 brokerages.Dave GallagherOctober 31, 2023
IndustryJury sides with home sellers in commissions trialAfter less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion. Dave Gallagher, Austin AlonzoOctober 31, 2023
By the NumbersHome price growth rose again in AugustThe latest Case-Shiller Index found that home prices continued to rise for a seventh straight month despite high mortgage rates.Dave GallagherOctober 31, 2023
By the NumbersRead if you dare: The scariest housing markets in the countryA Point2 analysis says California is all tricks and no treats for homebuyers facing the bogeymen of high prices, low inventory and rising mortgage rates.Cheryl Reid-SimonsOctober 31, 2023
IndustryThe ‘day of accountability has arrived,’ say plaintiffsThe plaintiffs’ attorney presented a dramatic closing argument, while the defense took a more methodical approach, saying the conspiracy claims did not hold up.Dave Gallagher, Austin AlonzoUpdated October 31, 2023
AgentsBuy Side: ‘If you’re going to last in this business, you have to be nimble’Atlanta–area agent Amy Fuchs says people don’t always understand how their agents are compensated, and she worries commissions lawsuits could hurt buyers.Cheryl Reid-SimonsOctober 30, 2023
By the NumbersRetro housing market stuck in early ‘80s time warpMany of today’s challenges are throwbacks to what consumers and the industry faced four decades ago.Dave GallagherOctober 29, 2023
TechThe AI hype is real: Here’s what real estate pros need to knowThink of AI as an “infinite time saver” that can supercharge your business and free up your time. It’s not going to replace you. In fact, it needs you.Stephanie Reid-SimonsOctober 28, 2023