Former Zillow execs launch AI assistant for real estate agents
There are a number of AI-powered tools being used to speed and automate various tasks in the real estate industry, from generating leads to analyzing the market to virtual staging.
UK house prices rose 4.6% last year – where did property prices grow most?
Jason Tebb, president of OnTheMarket, a property portal, commented: “With inflation rising unexpectedly to 3%, the next rate reduction may be pushed back a little as the Bank of England keeps a close eye on inflationary pressures in coming months.”
Under pressure from NAR, Phoenix Realtors cuts MLS Choice
A separate statement shared later by Phoenix Realtors CEO Andy Fegley included additional details about how his organization and NAR "worked together to clarify the marketing around MLS Choice" and assuage concerns that the offering "conferred local association membership, caused confusion for consumers and weakened the Realtor brand."
RE/MAX looking to ‘strengthen our swagger’
RE/MAX is also looking to leverage remax.com and (soon) remax.ca visitors to identify and nurture high-intent buyers via Lead Concierge, a program that Carlson said saves agents' time and "materially improves the customer experience."
DOJ debates ‘commingling’ with Zillow and NAR in REX case
Speaking to a panel of Ninth Circuit judges in Honolulu on Feb. 13, DOJ attorney Alice Wang argued in favor of vacating a 2023 jury decision involving Zillow, the defendant in the case, and the low-fee brokerage Real Estate Exchange (REX).
Redfin to cut 450 roles following Zillow rentals deal
Kelman said at the time that the program will ultimately strengthen the company's sales force, providing a competitive advantage when the market improves, but he also apologized to shareholders for failing to make a profit last year.
HUD faces massive staff cuts, while a lawsuit buys time for CFPB
Scott Turner, the newly installed secretary of Housing and Urban Development, released a message on social media welcoming Elon Musk's task force and saying that $260 million in savings had already been identified.
Windermere appoints new diversity leader as it recommits to DEI
Chris Nichols, a regional VP of franchise sales at Better Homes and Gardens Real Estate for the past 10 years, has been promoted to senior vice president of the division, the company announced this week.
Gibson plaintiffs clap back at eXp, Weichert
The attorneys argued that eXp had plenty of cash on hand to cover the additional damages they were seeking, and noted that Weichert had offered the Gibson plaintiffs $13 million a few weeks before settling in Hooper.
Landlords ordered to make rental properties more energy efficient by 2030
Craig Cooper, chief operating officer at epIMS, said: “The worry is that forcing a mandatory EPC C rating on the nation’s landlords could cause more to exit the sector, exacerbating the current rental crisis in the process.”
Milestones: Utah MLS launches data company; CRMLS inks partnership
Having access to a broader pool of listings has become increasingly valuable in an era of remote work, "helping agents and brokers serve clients looking to move to further away areas," CRMLS said in a news release.
Commissions rebound following post-settlement decline
Following the August rule changes, commissions for both buyer and seller agents fell, but they have since rebounded, according to an AccountTECH study that analyzed more than 224,000 transactions from 1,290 real estate offices.