Commission suits hit Realtors, brokerages in Florida, Pennsylvania
In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes
Addressable abruptly closed due to 'fatal cash crunch'
After a lead investor in a round of funding abruptly shifted interest, Addressable was unable to cover a bank loan and existing business commitments, leading to a sudden shutdown
by Craig C. Rowe Nov 27
Commission lawsuits are piling up. Keep track of them all right here
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases
by Jim Dalrymple II Nov 10
Welcome Homes launches new tools in bid to ease housing crunch
Welcome Homes, a hybrid homebuilder and proptech company, announced its new 'Make-an-Offer' module and an artificial intelligence-backed land analysis report on Wednesday
by Craig C. Rowe Nov 8
Embattled MV Realty files for bankruptcy amid flood of lawsuits
The company is currently facing lawsuits from more than a half-dozen states over its allegedly deceptive business practices
by Ben Verde Sep 25
An economist's take on housing prices, affordability, opportunity
Opinion
Windermere Chief Economist Matthew Gardner looks at the latest numbers and the markets that still offer affordable options
by Matthew Gardner Aug 21
Engel & Völkers expands into new Pennsylvania markets
The luxury brokerage has entered Pittsburgh and Sewickley, marking its third new location in the Great Lakes Region so far this year. License Partner Elias Pappan is leading the new shops
by Lillian Dickerson Jul 14
Keller Williams Black Label sues SERHANT. over Philly expansion
Weeks after announcing a national expansion, Serhant and his partners are facing a $10M lawsuit and allegations of concocting a scheme to 'loot' a Pennsylvania brokerage in an effort to expand
by Lillian Dickerson Apr 21
Ryan Serhant's brokerage kicks off national expansion with 6 markets
This first wave of expansion will include Florida, Pennsylvania, New Jersey, North Carolina, South Carolina and Connecticut. SERHANT. has also brought on local teams across those states
Rockefeller descendants offload historic Philly estate for $24M
Dating to the late 1700s, the estate known as Kirkwood Farm features 5 historic farmhouses, 2 barns and a springhouse. This marks the 1st time it has been on the market in over 90 years
by Lillian Dickerson Mar 23
Luxury home purchases hit record low as buyers eye other investments
Luxury home sales fell 44.6% year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say
by Jim Dalrymple II Mar 10
Egypt Sherrod is married to real estate. But that's only half her story
Inman's inaugural Influencer ran from real estate as a kid because it was all her family talked about. But with 4 TV shows, a podcast and a team under her belt, she lives and breathes it in 2023
Utah 1st state to ban long-term listing agreements enforced by lien
Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association
by Matt Carter Mar 2
This is where it takes the longest amount of time to save up for a home
In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years
by Lillian Dickerson Jan 10
Inman's 2022 Person of the Year: The Howard Hanna family
Three generations of Hannas have grown the family business from a small mom-and-pop into a juggernaut with 15,000 agents and 400 offices. Expect momentum to rise exponentially in 2023
by Jim Dalrymple II Dec 29