MLS/AssnMLS data shares picking up steam in the SoutheastFour MLSs go Coast 2 Coast in Florida; North Carolina MLS expands into Georgia, each serving about 20,000 members.Dave GallagherJuly 19, 2024
AgentsWhy the Midwest is best for agents right nowA recent analysis found that agents in several Midwestern cities earn higher salaries and face less competition compared to their peers in other regions.Robert DavisJuly 19, 2024
By the NumbersMortgage rates tumble; time for buyers to ‘get serious’Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.Dave GallagherJuly 18, 2024
IndustryForeign purchases of U.S. homes falls to the lowest level on recordA new report shows major drops in international purchases of U.S. real estate, at a time when legal efforts to restrict buyers from certain countries ramped up.AJ LaTraceJuly 18, 2024
Industry'Unfiltered' podcast: Tech, brokerage CEO on life after iBuyingWatch the conversation as Lane Hornung of zavvie and 8z explains what agents need to know about “power buying” and innovations in financing to show real value.Real Estate News StaffJuly 18, 2024
TechFCC looks to tighten rules on AI-generated robocallsThe proposed regulation — the first of its kind — comes at a time when the real estate is already dealing with lawsuits over unsolicited texts and calls.Dave GallagherJuly 17, 2024
TechTech Bytes: News from VestaPlus, NEO, zavvie, RelianceStaten Island MLS adds Checkmate software; lender NEO leverages zavvie's cash-offer platform; Reliance adds AI-powered marketing tools.Real Estate News StaffJuly 17, 2024
BrokeragesDancing with Mauricio: On NAR, commissions and what scares himThe TV star and founder of The Agency says running an association is “a pain” but sees opportunities to improve the agent experience and “fragmented” MLS space.Stephanie Reid-SimonsJuly 17, 2024
By the NumbersHousing Market Decoded: Why are home prices still rising?High mortgage rates, which increase the cost of buying, should push prices down — right? But the relationship between rates and home prices isn’t that simple.Lisa SturtevantJuly 17, 2024
By the NumbersWill a fall rate cut kick-start home sales?The Fed is expected to cut rates in September, which may spur buyer activity — but after Canada’s central bank cut rates for the first time in June, sales fell.Dave GallagherJuly 16, 2024
IndustryConsumer watchdog shares its recipe for buyer agreementsAfter criticizing many agreements as “unfair,” The Consumer Federation of America has compiled a list of best practices for the industry.AJ LaTraceJuly 16, 2024
BrokeragesUnited, HomeSmart reach deals in commissions caseThe two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.Dave GallagherUpdated July 16, 2024
By the NumbersPresident floats 5% rent cap on ‘corporate apartments and homes’Biden calls out corporate profits in pitch for targeted rent limits, while the FHFA unveiled new tenant protections on Fannie- and Freddie-financed housing.AJ LaTraceUpdated July 16, 2024
IndustryPeople on the Move: CoStar elevates finance leadersRich Simonelli is back at CoStar after a 5-year hiatus, leading investor relations, while Cyndi Eakin was promoted to chief accounting officer.Real Estate News StaffJuly 15, 2024
MLS/AssnArizona Realtors unveils new forms that are ‘to the point’The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.Dave GallagherJuly 15, 2024
BrokeragesA brokerage built to last with ‘passion, stamina, grit’Michael Saunders has always been driven, building her brokerage into a multibillion-dollar company with the goal of making a difference.Nicole BrodeurJuly 13, 2024
BrokeragesBrokerage Beat: News from Lamacchia, Real, RE/MAX, C21, eXp, moreLamacchia grows with MA acquisition; Real reaches 20k agents; RE/MAX gains 60-agent firm; C21 franchise and Florida indie merge; eXp joins Fortune 1000; more. Real Estate News StaffJuly 13, 2024
IndustryBrokerage damage amounts revealed; NAR request deniedSettlement details and dates have been set for Compass, Real, Douglas Elliman, Realty One and @properties, but NAR hit a roadblock in its fight with the DOJ.Dave GallagherJuly 12, 2024
By the NumbersEconomists on 2024 so far: ‘The year of the head fake’So much for that housing market recovery everyone was expecting. Builders and boomers could provide bright spots, but what about the NAR settlement?Stephanie Reid-SimonsJuly 12, 2024
MLS/AssnC.A.R. releases new forms after weeks of criticismThe California association has been the subject of a DOJ inquiry and a scathing CFA report. Updates released this week may allay some of those concerns.Amie FisherUpdated July 12, 2024