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The idea that privacy creates scarcity makes for a good marketing pitch, but it doesn’t hold up when you look at how the housing marketplace really works.

Lot inventory has fallen nearly 24% since 2019, just before the Covid-era construction boom began, Realtor.com found — “and the market is still paying for it.”

Sellers outnumber buyers nationally, but with mortgage rates and inflation up from February, the “spring housing market is still a bit of a toss-up.”

Consumer interest also appears low, with nearly 70% of agents saying no client has asked for their home to be marketed privately, a Real Brokerage survey found.

Miami Association of Realtors and Broward, Palm Beaches and St. Lucie Realtors will combine to form a 93,000-member association — “a win for South Florida.”

A $160M luxury team joins Douglas Elliman in SoCal. Plus, BHGRE adds 120-agent affiliate; LPT gains 2 teams in Canada; Oregon broker marks milestone sale; more.

The Tennessee MLS unveiled two new broker agreements this week that clarify listing data ownership and compensate brokers for the value their data creates.

The White House’s reported deficit “far exceeds” housing economists’ estimates. Plus, Kevin Warsh’s confirmation hearing is next week; real estate fraud rises.

While business professionals and people in management still have the highest rates of homeownership, service occupations have seen big gains in recent years.

A new CFA report found that homebuyers haven’t been deterred by agent fees, but affordability remains a problem, and “pocket listings” are an emerging threat.

The portal’s new tool flags features that attract buyers. Plus, Side unveils new AI offerings; Anyone.com adds off-market data; REMAX integrates Showcase; more.

“We will vigorously defend against these claims which we believe have absolutely no merit,” eXp said. The judge, meanwhile, took issue with the amended filing.

In a Redfin blog post, Rocket exec Joe Rath makes a case for “more flexibility” for sellers — while asking Washington state’s largest MLS to change its rules.

Though mortgage rates are ticking down and home price appreciation has dropped year-over-year, widespread economic uncertainty continues sapping demand.

Real estate data company Repliers is also becoming the exclusive access point for three of HAR.com’s subscriber-only data sets.

The firms are the latest to opt into Tuccori, a settlement NAR also joined — but that deal is now under fire. Plus, Veterans United pushes back in RESPA case.

The luxury firm made a grand entrance in California with its launch in five cities. Plus, Lamacchia adds Bay State team; REMAX Premier grows in Chicago; more.

NAHB’s April survey found that higher construction material costs — stemming from surging fuel prices — and the slow housing market are weighing on builders.

Only 21% of recent homebuyers were first-timers, according to a new NAR report, with younger millennials accounting for the biggest year-over-year drop.

Members will vote soon on a SABOR-FRAR merger. Plus, Southeast MLS Alliance adds realMLS; Florida orgs dismissed from lawsuit; UCO expands MLS pitch overseas.