Analysis of US housing market data for Q2 reveals investor activity, with Memphis leading at 25.2%. While overall sales dipped, investor purchases remained significant. Investors overpay in some areas, underpay in others.
Batton 1 case faces class certification challenges due to overlapping buyer/seller roles. NAR, Anywhere, Keller Williams, and RE/MAX are accused of inflating buyer-broker commissions in an antitrust conspiracy.
Elliman appoints Perry Weitz to its board during Q3 profits call. Despite slight revenue dip to $262.8M, net income improves to $24.7M. Strong balance sheet and international expansion fuel optimism. Attorney Weitz will build high-performing companies.
eXp Realty focuses on agent growth, AI-driven improvements, and navigating market consolidation (Compass-Anywhere). They see agents as key and are automating systems for efficiency. eXp is now a scaled venture.
UK real estate shows improved accessibility due to lower rates. Affordability drives growth in the North & Scotland. Land Registry aims for easy access by 2030, impacting the housing market with AI.
Compass reports record Q3 profits driven by AI, agent growth, and strategic acquisitions. Focus on 'Compass AI 2.0' and Anywhere deal. Revenue jumps 23.6% to $1.85B.
The Alexander brothers sue The Real Deal for $500M, alleging a 'false narrative' and clickbait campaign regarding sex trafficking claims, causing irreparable reputational harm. Magazine is accused of ignoring exculpatory evidence.
Report reveals most buyer agents still charge commission based on home sale percentage, not fixed amounts. Customer agreement adoption varies. Post-NAR settlement, little change in commission rates.
The MLS landscape is shifting. Adaptive strategies, broker incentives, and clear communication are crucial for MLS success in the post-Sitzer/Burnett era. Market consolidation adds pressure.
Real estate firms expand with new teams, brand updates, and global ventures. Key moves include Douglas Elliman's global push and Century 21's Chicago debut.
Additional bedrooms significantly boost house values. Tax uncertainty and budget concerns are impacting sales. Despite economic challenges, the housing market shows resilience with increased deals.
NextHome promotes Charis Moreno and Jim Fischetti to leadership roles. MoxiWorks hires AI expert Fidler to enhance its platform with data-driven products. Expansion and innovation highlighted.
RE/MAX sees international expansion offsetting North America declines. New economic models & AI marketing offer flexibility and opportunities amid market shifts. Net income up, adjusted EBITDA down slightly.
Zillow's acquisition of Trulia ended a costly marketing battle. Founders discuss the merger's impact, benefits for agents/users, and the evolving real estate portal landscape, sparking competition.
