$1M homes hit all-time high in US
A record 8.5% of all US homes are worth $1M or more, up from 7.6% last year and 4% before the pandemic, according to a new Redfin analysis. California is adding them faster than other states
by Lillian Dickerson Aug 16
A brave new world awaits the real estate industry. Are you prepared?
Beginning Saturday, new rules around commissions take effect, paving the way for the biggest shift in real estate in at least a generation. It's a brave new world, and it begins this weekend
Are we allowed to let clients know about concessions upfront?
Opinion
With all the commission confusion surrounding the new rule implementation, compliance expert Summer Goralik answers your burning questions
by Summer Goralik Aug 16
Avoid client conflicts: 18 tips for properly managing expectations
Meeting and exceeding client expectations, team leader Carl Medford writes, means making sure you're communicating with them and helping them understand their transaction process
by Carl Medford Aug 15
CRMLS warns of 'serious fines' as it rolls out commission changes early
The nation's largest MLS removed compensation fields from its platforms on Aug. 13, after offering detailed guidance to agents on the terms of NAR's proposed settlement
by Andrea V. Brambila Aug 14
Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling
San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2M in Q2 for the first time since the National Association of Realtors began tracking home prices in 1979
by Lillian Dickerson Aug 13
Is it possible to market a seller wanting to offer a concession?
Opinion
With all the commission confusion as we near the Aug. 17 implementation deadline, compliance expert Summer Goralik is here to answer your burning questions, starting with concessions
by Summer Goralik Aug 13
What the presidential candidates plan to do about affordable housing
Opinion
Curious about the candidates' housing plans? Inman contributor Rachael Hite rounded up each campaign's talking points so that you can decide which policy might have a positive impact
by Rachael Hite Aug 9
NAR: Settlement mandates 'benefit' buyers and sellers
Consumer guides from the trade group offer a contrast to previous messaging, but also continue to promote pre-emptive offers of compensation to buyer agents
Now in beta, Eden's AI home search aims to upend 'Big Search'
Agents can use Eden to compete for business with affordability, a unique advantage in a market that may soon find buyers having to pay directly for representation
by Craig C. Rowe Aug 9
California Association of Realtors taps Phil Hawkins as new CEO
Hawkins had been working as the CEO of the Pacific West Association of Realtors in Southern California and will now lead CAR during a challenging time for the industry
by Jim Dalrymple II Aug 8
Realtor.com revenue drops 2% as traffic, lead volume remain flat
Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2% yearly to $143M as traffic to the site stalls at 74M average monthly unique visitors
by Marian McPherson Aug 8
Matterport exec alleges she was fired for raising business concerns
Former sales executive Vinatha Kutagula filed a lawsuit in California alleging 'she was pushed out of the company because she raised concerns about illegal and unethical practices'
by Taylor Anderson Aug 7
RentSpree releases new income verification reporting tool
The fintech feature, the result of an integration with Finicity, a Mastercard company, links to the individual’s bank account to record transactions over the last 12 to 24 months to pull data directly
by Craig C. Rowe Aug 6
Redfin sees Q2 revenue rise, while losses remain nearly flat
The company's earnings report saw revenue climb 7% to $295.2M between April and June, but it also lost $27.9M — just a hair above its Q2 2023 loss
by Jim Dalrymple II Aug 6