Auction site bids to attract buyers amid commission changes
'We offer a single-page, non-exclusive agency agreement with a flat $4,995 agency fee bonus if sellers provide compensation': Rock Smart Realty's RJ Timlin
by Craig C. Rowe Aug 8
The top 7 amenities luxury homebuyers want in 2024
Luxury homebuyers are willing to pay top dollar for the amenities they want, but they’re very selective, Realtor Jonathan Pressman writes. Here are the most sought-after amenities this year
Hanna fights back against homebuyer commission suit
Parent company of Howard Hanna Real Estate Services argues plaintiff agreed to a mediation clause and, as a buyer, doesn't have standing to sue under federal and state antitrust laws
REACH Commercial announces latest proptech class
The 7 startups that are part of REACH Commercial's latest class promise to advance the way commercial brokerages serve the industry
by Craig C. Rowe Aug 7
Douglas Elliman sees revenue tick up in Q2 2024
The company's improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders because of its shaky performance in recent quarters
Mortgage rates bounce back before homebuyers can pounce
The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again
by Matt Carter Aug 7
Zillow Group names Jeremy Wacksman as new CEO
After 5 years back at the helm, Zillow Group co-founder Rich Barton steps down as CEO. Former COO Jeremy Wacksman takes the reins as the company charges past 'Portal 1.0'
by Marian McPherson Aug 7
Zillow Q2 revenue exceeds expectations, grows 13% to $572M
Better-than-expected residential segment bolstered Seattle-based portal's Q2 performance, which saw growing revenues, slimming losses as it zeroes in on 'fully-integrated' homebuying
by Marian McPherson Aug 7
Most Americans weren't expecting the big drop in mortgage rates
Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn't think rates would come down anytime soon
by Matt Carter Aug 7
'Hidden' homeownership costs locking potential buyers in place
Households have deferred moving, partially due to high 'hidden' homeownership costs such as property taxes, insurance and climate change, according to a report
by Richelle Hammiel Aug 7
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
Real Brokerage sees new highs in revenue, gross profit during Q2
The cloud-based brokerage saw surprisingly positive Q2 earnings results during a tough market. Chairman and CEO Tamir Poleg said the results were a testament to the firm's model
politics, capital, washington, DC,
Opinion
Choose not to be offended. Have conflict resolution strategies in place. Stay calm, acknowledge the difference in opinions, and move on to other topics, Keller Williams’ Julia Lashay Israel writes
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
LoanDepot boosts revenue, sells servicing to restructure debt
Pending $25M settlement of January cyberattack adds to $66M Q2 net loss, but executives say they're in a better position to grow after selling $29B in mortgage servicing rights
by Matt Carter Aug 6