EXp posts modest revenue gain, reaching $1.2B in 3rd quarter
The virtual brokerage grappled with losses as it paid out its settlement in antitrust commission lawsuits and increased agent losses in a bid to offload less productive agents from the platform
After NAR deal, MLSs will have to reinvent themselves — or else
At NAR NXT, panelists Marilyn Wilson, James Dwiggins and Clint Skutchan advised MLSs to make themselves essential without guaranteeing compensation
Record number of Americans say they'd rather rent than buy
Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy: Fannie Mae survey
by Matt Carter Nov 7
US home prices rose in 90% of metro areas in Q3, NAR says
The median price for single-family existing homes increased by 3.1% year over year to $418,700, with the 30-year fixed mortgage rate ranging between 6.08% and 6.95%
by Richelle Hammiel Nov 7
Anywhere unfazed by 3% revenue decline as luxury segment thrives
Revenue, closed transaction volume and net income fell in Q3, earnings data on Thursday shows. But a strong luxury push and October uptick in buyer activity have set the stage for a robust Q4
by Marian McPherson Nov 7
Investors betting Trump will privatize Fannie Mae, Freddie Mac
Shares in the mortgage giants soared Wednesday on expectations that the Trump administration and Congressional Republicans will revive efforts to privatize the mortgage giants
by Matt Carter Nov 6
Mortgage segment stands tall as Zillow posts revenue growth in Q3
Zillow tallied $581M in revenue between July and September, according to Q3 earnings released Wednesday. Revenue from the portal's mortgage business hit $39M, a 63% increase from 2023
by Jim Dalrymple II Nov 6
Gibson commission case sees 4 more settlements
NextHome, the Keyes Company, John L. Scott Real Estate and the K Company Realty have agreed to pay a combined total of nearly $5M
by Jim Dalrymple II Nov 5
In latest Gibson ruling, judge offers clues on fate of NAR settlement
Judge Stephen R. Bough, who ruled on Sitzer | Burnett, said Gibson deals 'provide a significant financial recovery to the Settlement Class in light of the strengths and weaknesses of the case'
How your Harris- and Trump-voting clients approach the home market
Supporters of Kamala Harris and Donald Trump take unique approaches to transacting real estate in today's market, a new Inman-Dig Insights consumer survey of 3,000 working US adults reveals
by Daniel Houston Nov 5
What The Opportunity Report says about commission compression
The sequel to the 2015 'DANGER Report' details 20 opportunities in a changing industry. In the first of a 2-part series, Carl Medford applies its findings to agents, teams and brokerages
by Carl Medford Nov 5
Social issues, not industry chaos, will guide agents at the ballot box
Commission chaos has disrupted real estate's status quo in unique ways in 2024, but social issues have been the reason for more political donations from agents, according to an analysis by Inman
by Jim Dalrymple II Nov 5
NAR asks court to toss antitrust lawsuit from Michigan brokers
Trade group says plaintiffs' complaint over 'compulsory' Realtor membership to access the MLS is 'nothing more than a desire to have membership benefits without membership'
First-time homebuyers fell further behind this year, NAR says
The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report
by Taylor Anderson Nov 4
Compass leans into private listings with new marketing push
The brokerage's efforts to build a powerful exclusive catalog of listings unifies many of its recent efforts — including now the debut of a multiphase marketing strategy
by Jim Dalrymple II Nov 4