‘Unfiltered’: NAR has ‘a lot of cleaning up to do’
While Witt acknowledged the varied opinions on the CCP, he thinks the introduction of the policy in 2020 was "long overdue" and in the best interests of buyers and sellers.
Redfin deal helps Rocket get in front of buyers sooner
For agents to succeed in that environment, Gehrke said it will be critical for them to embrace tools that free up their time so they can focus on their strengths: Serving as a knowledgeable local resource who can provide insight into the home, neighborhood and city.
Larger homes drive house price growth – Halifax
“This time last year, the average price of a flat had risen more quickly than a detached house, as buyers adjusted to higher borrowing costs and sought to compensate by targeting smaller properties,” she added.
Zillow exec: ‘I don’t see the benefit of hiding inventory, ever’
We've got data on a very broad survey of almost 3 million listings done by credentialed economists that shows that sellers typically leave money on the table if they sell their home off market.
When will we have enough houses? It could take decades
Last year, the association shelled out $86.3 million to influence election-year campaigns, and it maintains a lengthy list of legislative priorities related to inventory, fair housing and access to homeownership.
People on the Move: The Agency adds tech, core services execs
"Zane is a visionary leader whose expertise in technology and innovation will be instrumental as we expand our digital capabilities and deliver best-in-class solutions for our agents and clients worldwide," The Agency President Rainy Hake Austin said in the announcement.
No Clear Cooperation? Expect ‘an explosion’ in private listings
Repealing the National Association of Realtor's Clear Cooperation Policy could not only lead to a mad dash by brokerages to capture more private listings, it would have consequences for agents, consumers and the notion of "a fair and democratic housing market."
Homeownership is all over the map — see the state at No. 1
A recent analysis of home prices, ownership rates and migration in 2024 found that homeownership has remained relatively stable over the past few years, even as affordability has worsened.
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.