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Upward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to affordability issues.

A sequel to the industry-challenging assessment is being developed and will focus on the future. “The time is now for the industry to transform itself.”

CEO Andy Florance touted the growth of Homes.com and said its traffic data source was more reliable, comparing it to “election results” versus “polls.”

At $426,900, the median sale price for existing homes set another record in June, but inventory also rose, suggesting a “slow shift” to a buyer’s market.

There’s “going to be a point at which it doesn't make sense to belong” to small, local MLSs, one broker-owner — and member of 7 MLSs — told Real Estate News.

The profit-share program, which made headlines last year after the company proposed changes, hit a new milestone with the multibillion-dollar figure.

A letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.

Former eXp Chief Growth Officer Michael Valdes will spearhead the international expansion of LPT Realty, which he says is perfecting the model eXp pioneered.

A leading MLS lawyer breaks down the settlement that removes offers of compensation from MLSs and requires more robust buyer agreements starting August 17.

Renters and buyers are frustrated by high housing costs, but homeowners — the largest share of likely voters — are focused on other issues.

Compass gains teams in New Jersey and Florida; E&V opens in Portland; CB Warburg adds agents; Century 21 marks third year of global giving initiative.

Buyers who sign agreements with the nation’s largest family-owned brokerage — and use its mortgage services — will get a 0.5% credit when their loan closes.

The industry has weathered many storms, and through it all, has grown and thrived. So can agents. Jay Thompson shares 4 ways to leverage the changes ahead.

Four MLSs go Coast 2 Coast in Florida; North Carolina MLS expands into Georgia, each serving about 20,000 members.

A recent analysis found that agents in several Midwestern cities earn higher salaries and face less competition compared to their peers in other regions.

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.

A 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.

Watch 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.

The 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.

Staten Island MLS adds Checkmate software; lender NEO leverages zavvie's cash-offer platform; Reliance adds AI-powered marketing tools.