Keller Williams settles Sitzer, Moehrl commission suits for $70M
Under the proposed deal, Keller Williams must inform franchisees that offers of compensation are not required. It also agreed to revise training materials and end rules requiring agents to join NAR
Banks from Tokyo to NYC feel the pain as US office market takes a hit
Tokyo's Aozora Bank and New York Community Bancorp posted massive losses tied to commercial real estate loans Thursday morning, an indication that threats to the office sector aren't over yet
by Ben Verde Feb 1
Recapping this year's ICNY and the people vs. tech dilemma
Opinion
ICNY 2024 was a comprehensive and robust gathering of real estate professionals, Bobbie Wasserman writes. It echoed the resilience and adaptability of the industry in a challenging time
by Bobbie Wasserman Feb 1
How agents can identify financial distress warning signs in clients
Over half of Americans admit to browsing Zillow for fun. Luke Babich offers tips on finding serious buyers in the midst of this extra searching
by Luke Babich Feb 1
Watson Salari Group makes it Official, leaves Coldwell Banker
Teammates Brent Watson and Marco Salari will become founding agents for Official in Los Angeles. The team has closed more than $2.75B in career sales
by Lillian Dickerson Jan 31
Fed policymakers want more data, dash hopes of March rate cut
Chair Jerome Powell says a rate cut at the central bank's next meeting is not 'the base case,' with policymakers wanting to see more data showing inflation is on a sustainable path down to 2%
by Matt Carter Jan 31
Illinois Realtors raises $1M war chest to fight Chicago tax hike
Chicago voters are set to decide whether to quadruple the tax buyers pay on residential and commercial properties in the city. Illinois Realtors plans to lead the fight
by Taylor Anderson Jan 31
Applications for purchase loans sag for first time in 2024
Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11% last week, MBA survey shows
by Matt Carter Jan 31
Engel & Völkers launches in New Hampshire with Portsmouth shop
The new shop is led by License Partner Dean Poritzky and Vice President and Marketing Director Paige McVay of Engel & Völkers Wellesley
by Lillian Dickerson Jan 31
The Detroit Lions loss is nothing next to its lowball appraisals
A housing battle is raging in Detroit, writes Lee Davenport. Lowball home values cut into homeowner equity and exclude residents from resources and opportunities
by Lee Davenport Jan 31
Does your 'date-the-rate' advice constitute deceptive advertising?
CEO and new Inman contributor Jillayne Schlicke explains how common phrases around financing and interest rates can land you and your business in hot water
by Jillayne Schlicke Jan 30
Home price growth accelerated in November alongside high rates
Home prices increased 5.1% between November 2022 and November 2023, despite falling 0.2% month over month from October
by Ben Verde Jan 30
Once China's biggest developer, Evergrande ordered to liquidate
The developer was once considered too big to fail, but it over-borrowed and was hurt by China's weakening property market
by Ben Verde Jan 29
Homebuyer purchasing power rises by $40K since October rate surge
A buyer with a monthly budget of $3K can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8%, according to Redfin
by Marian McPherson Jan 29
Eddie Shapiro on opening a Nest Seekers office in Tel Aviv in wartime
The Nest Seekers International CEO explains what went into his decision to open an office in Tel Aviv, how he keeps up office morale and why investing in Israeli real estate is so important today
by Lillian Dickerson Jan 29
Are US home-sale revenues finally bottoming out? Intel examines
The steepest part of the home-transaction downturn appears to be over. Is this where business turns around? Intel dives into the data
by Daniel Houston Jan 29