BrokeragesCompass posts all-time high income, touts tech investmentsThe brokerage also reported double-digit growth in transactions and agent count, in part due to significant acquisitions this spring.Robert DavisJuly 31, 2024
By the NumbersNo rate cuts yet, but they're 'on the table'As expected, the Fed held steady on rates today, but signaled the possibility of cuts in September. That might not mean big drops in mortgage rates, however.Dave GallagherJuly 31, 2024
By the NumbersPending sales up for the first time since MarchWhile still sluggish, it’s a sign that demand is lurking, and sales “would have been even higher” if buyers weren’t waiting for mortgage rates to drop.Dave GallagherJuly 31, 2024
IndustryConsumer group is back with listing agreement guidelinesThe Consumer Federation of America has shared criteria to “assist regulators … and the industry itself in evaluating the fairness of new seller contracts.”AJ LaTraceJuly 31, 2024
MLS/AssnMajor MLS inks agreement to tap international marketThe Houston Association of Realtors formed a data share partnership with the largest Latin American MLS, giving members access to listings across 22 countries.Dave GallagherJuly 30, 2024
MLS/AssnCRMLS removes key concessions detailsThe organization added a concessions field in May that allowed listing agents to specify an amount or percentage — but opted to remove those options this week.Dave GallagherJuly 30, 2024
MLS/AssnWould-be owner of REcolorado gets ‘positive response’At a meeting Monday, association members approved a change in bylaws that will allow the sale of the nation’s 16th-largest MLS to move forward.Stephanie Reid-SimonsJuly 30, 2024
Industry'Unfiltered': It’s time to 'wipe the board clean'Watch the conversation with MoxiWorks’ new CEO, an industry outsider who believes companies — and agents — should approach the future with a fresh perspective.Real Estate News StaffJuly 30, 2024
By the NumbersInvestor regret is up as purchases hit lowest point in 2 yearsSince the beginning of the year, fewer investors appear to be jumping into the market, and many report dissatisfaction with managing tenants and properties.AJ LaTraceJuly 29, 2024
By the Numbers5 markets where rising inventory is helping buyersAffordability has remained a problem in much of the country, even as supply has increased. But a few areas, led by Tampa, are becoming more accessible.Dave GallagherJuly 29, 2024
MLS/AssnHow one major association is getting ahead of industry changesSouth Florida’s Broward, Palm Beaches & St. Lucie Realtors is taking a two-pronged approach, using ads to educate consumers while helping members stay informed.Dave GallagherJuly 29, 2024
BrokeragesBrokerage Beat: C21 gains 3 offices; news from Real, Compass and moreCentury 21 adds affiliates on two coasts; Real nabs Chicago team; 60-year-old Colorado indie expands; E&V opens New Orleans shop; Side and Compass make gains. Real Estate News StaffJuly 27, 2024
IndustryeXp overhauls listing agreement, invites industry to use itTo align with the NAR settlement, eXp has issued a new listing form that explicitly states that there is no commission sharing with a buyer's agent. AJ LaTraceJuly 27, 2024
TechTech Bytes: Compliance drives VestaPlus, ListAssist dealsSan Diego MLS adds Checkmate from VestaPlus, which is also teaming up with ListAssist to expand reach; CoreLogic launches new OneHomeowner portal.Real Estate News StaffJuly 26, 2024
IndustryMove and CoStar exchange barbs in trade secrets caseThe former Realtor.com employee at the heart of the case responded to the accusations, while lawyers for both companies complained of leaks and delays.AJ LaTraceJuly 26, 2024
Industry'Unfiltered': How agents can win when data meets ‘vibe’Watch the conversation as Local Logic’s CEO shares how data on “everything that happens outside the four walls” of a home can turn agents into instant experts.Real Estate News StaffJuly 25, 2024
By the NumbersBuyers continue to hold out as rates stay putMortgage rates remained nearly flat as the market awaits the Fed’s next move. Meanwhile, inventory is still growing — but “sellers are pulling back.”Dave GallagherJuly 25, 2024
MLS/AssnGlobal software company makes unexpected play for REcoloradoMRI offered to buy the nation’s 16th-largest MLS — then upped its offer — and wants association members to consider it at a July 29 meeting about the sale.Stephanie Reid-SimonsUpdated July 26, 2024
MLS/AssnPocket listings lawsuit gets (another) new lease on lifeA U.S. District Court judge has approved a motion from the plaintiffs requesting reconsideration of a case originally filed against NAR in 2020.Dave GallagherJuly 24, 2024
IndustryPeople on the Move: eXp taps VP for growth; OREA leader resignsTroy Palmquist will oversee a product team, commercial real estate and more for eXp; Tim Hudak is stepping down as Ontario association CEO effective August 2.Real Estate News StaffJuly 24, 2024