BrokeragesMarc King departs KW president role amid layoffsCEO Mark Willis adds “president” to his title and confirms that about 30 people have been let go from the company.Stephanie Reid-SimonsMarch 11, 2024
IndustryU.S. Housing Secretary Marcia Fudge to step downFudge, a longtime advocate for affordable housing, announced she will leave her HUD post on March 22.Dave GallagherMarch 11, 2024
BrokeragesAgents are ‘most underserved’ entrepreneurs, Coldwell Banker CEO saysKamini Lane, who took the helm less than a year ago, has reshaped her leadership team and sharpened her focus on empowerment and making a positive impact.Nicole BrodeurMarch 11, 2024
Industry$30 billion savings from ‘a la carte’ commissions?New research from the Federal Reserve puts a price tag on changing agent compensation, pushing for it to be independent of the price paid for the home.Dave GallagherMarch 9, 2024
BrokeragesBrokerage Beat: News from United, Compass, The Agency, moreUnited gains 1,500-agent firm; Compass adds top Pittsburgh team; The Agency opens in Hilton Head; moves at CB Warburg, John R. Wood Christie’s, E&V Gestalt.Real Estate News StaffMarch 9, 2024
By the NumbersThe new prime time for sellers? It’s no longer MayA report from Zillow found that summer can be the most lucrative time to list, but low inventory means rate fluctuations can “make their own seasonality.” Cheryl Reid-SimonsMarch 8, 2024
IndustrySteve Harney, an educator, entrepreneur and advocate, has diedHarney, a top agent, broker/owner and founder of Keeping Current Matters, is fondly remembered as “one of the kindest and most passionate men” in the industry.Stephanie Reid-SimonsMarch 8, 2024
IndustryPeople on the Move at RateMyAgent, Christie's SoCal powerhouse, RelevateJim Crisera leaves MoxiWorks for RMA; Jamie Duran takes on EVP role at AKG Christie's; Sheila Dodson to lead consulting, industry relations at Relevate.Real Estate News StaffUpdated March 8, 2024
IndustryBiden plan aims to boost housing supply, improve affordabilityProposals announced by the Biden administration ahead of the State of the Union earmark billions in tax credits and grants to increase homeownership.Dave GallagherMarch 7, 2024
TechTech Bytes: News from Redfin, eXp and Opendoor, Knock, Zonda, moreRedfin adds “Ask Redfin” to iPhone app; eXp/Opendoor integration launches; Knock unveils crowdfunding effort; Zonda acquires BDX; HomeStack/LiveEasy team up.Real Estate News StaffMarch 7, 2024
IndustryOpendoor dropped from Nevada commissions lawsuitThe Whaley case had been the only major copycat lawsuit to name the company as a defendant.Dave GallagherMarch 7, 2024
BrokeragesReal posts big gains in agent count, revenue and transactionsFourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.AJ LaTraceMarch 7, 2024
By the NumbersMortgage rate dip leads to jump in activityRates fell slightly this week, ending a four-week run of increases, and mortgage applications were up nearly 10%. Inventory and consumer sentiment are also up.Dave GallagherMarch 7, 2024
TechAI is so much more than ChatGPT — here’s what you need to knowProducts that just scratch the surface of what AI can do are giving real estate “a bad rap,” but there are ways to go deeper (without getting in too deep).Stephanie Reid-SimonsMarch 7, 2024
IndustryPrecarious post-verdict market, competition a threat to ZillowA Wall Street hedge fund manager is sounding the alarm on Zillow’s market dominance, suggesting that its revenue and traffic are at risk.AJ LaTraceMarch 6, 2024
IndustryRealtor.com to expand rental listings — using Zillow dataThe home search rivals announced a syndication agreement allowing Zillow to be the exclusive provider of multifamily apartment listings on Realtor.com.AJ LaTraceMarch 5, 2024
MLS/AssnLas Vegas Realtors vows to ‘produce a victory’ in Nevada casesThe 17,000-member association speaks out, saying it will “vigorously defend” two lawsuits targeting NAR, Nevada associations and MLSs, and brokerages.Dave GallagherMarch 5, 2024
BrokeragesHoward Hanna dismissed from Illinois commissions suitHanna was removed from Batton 2, marking the second time this year that the family-owned brokerage has been dropped from a buyer-broker compensation case.Dave GallagherMarch 5, 2024
By the NumbersAffordable homes sprouting more quickly as spring approachesRealtor.com’s February housing report shows inventory rising, especially in the South, and availability of homes priced between $200k-$350k increasing by 20.6%.Cheryl Reid-SimonsMarch 5, 2024
IndustryCommissions case ensnares Warren BuffettBuffett’s Berkshire Hathaway Energy — parent of HomeServices of America — added as a defendant in the Gibson case as filing calls out the billionaire’s actions.Dave GallagherMarch 4, 2024