Consumer watchdog holds up new eXp seller contract as model
A new draft seller contract that eXp Realty is distributing to its brokers and agents is largely consistent with a newly issued set of criteria from the Consumer Federation of America
by Daniel Houston Jul 31
How to find celebrity clients — from the agents who routinely land them
Reaching out directly to athletes and other high-profile individuals doesn't always pan out. Top luxury agents spell out how they embed themselves in clients' inner circles
by Daniel Houston Jul 31
DelPrete 'secret shopper' sting reveals agents lose hosts of leads
With the help of a firm with more than 100 undercover researchers, the real estate tech strategist tested agents at roughly 30 brokerages. More than 1 in 3 inquiries never received a response
by Daniel Houston Jul 30
Is luxury real estate settlement-proof? These leaders think so
Luxury homebuyers are used to paying big bucks for quality service. That's partly why panelists at Luxury Connect think the NAR settlement won't make a huge splash in the higher price points
by Daniel Houston Jul 29
New age in luxury: The rise of AI, social media and millennials
Panelists at Luxury Connect said that a generational wealth transfer is lifting more millennials into the luxury market, and it's already changing how luxury brokerages work to attract clients
by Daniel Houston Jul 29
Forced to move? Not quite. The real reasons buyers are shopping now
A surprising share of homebuyers are seeking to 'move up' in home. And the next wave of clients may have different priorities in mind, according to the Inman-Dig Insights consumer survey
by Daniel Houston Jul 29
Black homesellers get better offers with iBuyers, but there's a catch
A University of Washington study revealed iBuyers give Black homeowners better offers than they receive on the open market. However, those offers potentially come with some longterm tradeoffs
by Marian McPherson Jul 26
Expect more guidance from NAR — but fewer rules: CMLS CEO Evans
CMLS CEO Denee Evans revealed why she believes NAR will choose not to create new MLS rules over the next six to 12 months ahead of her appearance next week at Inman Connect Las Vegas
by Andrea V. Brambila Jul 25
Summer slump sees buyers back out of deals at record rates
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56K home-purchase agreements in June, according to Redfin
by Marian McPherson Jul 23
Keller Williams hits milestone: $2B in profits shared with agents
The company celebrated during a live 'growth call' with leaders from more than 1,000 franchisees in the US and Canada. Nearly 150 KW agents have earned more than $1M in lifetime profit share
by Andrea V. Brambila Jul 22
Homebuyers dig the NAR deal until they learn the details: Intel survey
Even if the settlement brings down commissions overall, buyers grow warier the more they learn about what the policy means for them, according to the latest Inman-Dig Insights consumer poll
by Daniel Houston Jul 22
Housing market bubble ready to 'pop' in the South, analyst warns
Nashville-based analyst Nick Gerli sparked a social media firestorm with claims of a bubble. But economists dismissed fears, saying the area is home to some of the 'most normalized' markets
by Marian McPherson Jul 17
Housing inventory is climbing back. So why are leads still lagging?
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey
by Jim Dalrymple II Jul 15
A piece of chocolate cake being removed from the whole
The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on 'historically common practices'
by Andrea V. Brambila Jul 12
Median sales prices rise for 9th week despite slowing demand
Amid slowing homebuyer demand, the US median sales price rose to an all-time high of $397,482 at the beginning of July. However, Redfin says a slowdown may be on the way
by Marian McPherson Jul 11
‘It’s finally happening': Cooler inflation opens the door to rate cut
Overall inflation rose just 3% on an annual basis in June, according to Bureau of Labor Statistics. The 10-year Treasury yield, an indicator of mortgage rates, plummeted on the news Thursday
by Taylor Anderson Jul 11
No HomeServices deal yet, months after settlement announcement
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250M in April
Lamacchia Realty buys Berkshire Dream Home in Massachusetts
The deal marks the 7th purchase in 12 months for Massachusetts-based Lamacchia Realty as it signals acquisitions across New England in 2025. ‘I want to triple that in the next 12,' CEO says
by Taylor Anderson Jul 9
Kevin Sears opens up about NAR, the DOJ and a hectic year of travel
In his 6 months as president, Sears has racked up time in Washington with the DOJ, focused on the trade organization's future and traveled — a lot. He shared his takeaways with Inman ahead of ICLV
by Taylor Anderson Jul 9
Zoom in closer: 4 regional housing insights from the Inman Intel Index
Times are tough for nearly every real estate business. But different parts of the country report unique challenges and approaches, as illustrated by Intel’s monthly gauge of industry sentiment
by Daniel Houston Jul 8
It's now a buyer's market in Manhattan, new report suggests
Rising inventory and shifting seller expectations have given homebuyers the upper hand in Manhattan, according to Douglas Elliman's latest quarterly report
by Marian McPherson Jul 3
12 potential pivot points for buyers planning to represent themselves
Bi-coastal luxury agent Cara Ameer says these thoughtful points can pivot DIY buyer prospects into loyal lifelong clients
by Cara Ameer Jul 2
Weak demand drives up share of homesellers cutting prices
The typical home sold for 0.3% less than the original asking price in the past month, according to a new report from Redfin
by Taylor Anderson Jun 27
Pending home sales fall by 2.1% in May as buyer demand softens
High mortgage rates continued to curb homebuyer activity in May, NAR said. As inventory rises in upcoming months, slower home price growth will follow, and likely more buyers in the market
by Lillian Dickerson Jun 27
Watchdog group takes aim at California buyer rep agreements
New report shines light on buyer representation agreements as brokerages and Realtor organizations move to update forms and comply with legal settlements this summer
by Taylor Anderson Jun 25
An ABR instructor's guide to buyer agreements and commissions
Not sure what to say to buyers and sellers about the way compensation works today? Bernice Ross offers insights from Accredited Buyer Representative instructor Rhonda Hamilton
by Bernice Ross Jun 25
My neighbor's house won't sell. Virtual staging would help
On the market well past the median time frame, virtual staging could do a lot to help my neighbor's listing agent land a commission before the agreement ends
by Craig C. Rowe Jun 22
24 innovative video content ideas for 2024 (with real-world examples)
Video is the best way to build a brand, connect with your ideal clients and generate quality leads, writes Jimmy Burgess. Get inspired by these proven, real-life examples from agents in the field
by Jimmy Burgess Jun 21
Report documents culture of harassment at Guaranteed Rate
A 'Chicago Tribune' investigation included accounts from former employees who described incidents of sexual harassment, misogyny and bullying
by Taylor Anderson Jun 17
Andy Florance talks Homes.com, the fallacy of 'pure buyer agency'
CoStar Group founder and CEO Andy Florance shares the next chapter of Homes.com's $1B marketing push, the fallacy of 'pure buyer agency' as portals recalibrate for a commission crunch
by Marian McPherson Jun 17
Offerpad takes cash offer program to Realtor.com
Offerpad is the latest company to join Realtor.com's Seller's Marketplace. Both companies said the partnership reflects their dedication to furthering consumer choice
by Marian McPherson Jun 11
Agents have complicated feelings about NAR, new Intel survey finds
Agents who rely on NAR primarily to protect their public image are less certain the trade group — which still enjoys broad approval — is a net positive for the industry, according to Intel poll results
by Daniel Houston Jun 10
Microsoft removes portal data from Bing Real Estate after outcry
4 days after Bing Real Estate came under fire for its alleged co-opting of listing data from Zillow, Redfin and Realtor.com, Microsoft has removed for-sale listing data from its site
by Marian McPherson Jun 7
RealScout becomes LeadingRE's newest preferred vendor
California-based proptech company RealScout is the 60th company to join Leading Real Estate Companies of the World's preferred vendors program
by Marian McPherson Jun 5
Median price per square foot is up 52.7% since 2019: Realtor.com
Home values have boomed over the past 5 years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot
by Marian McPherson Jun 4
Microsoft's mysterious real estate portal sparks data safety concerns
Industry watchers are sounding the alarm about Microsoft's Bing Real Estate, a site that for months has been reposting listings from Zillow, Realtor.com and Redfin without explanation
by Marian McPherson Jun 4
Where are the buyers? Introducing Intel's Client Pipeline Tracker
Buyer pipelines have been shrinking, agents told Inman in the latest Intel Index poll. A new metric unveiled today by Intel sheds light on the trend and aims to answer when it might turn around
by Daniel Houston Jun 3
Sellers are cutting prices at record pace to combat softening demand
Sluggish homebuyer activity has pushed sellers to slash prices at a rate unseen since November 2022, according to Redfin. The median asking price fell for the first time in 6 months to $416K
by Marian McPherson May 30
Nation’s largest MLS now allows listings to show seller concessions
The change allows listings in the California Regional Multiple Listing Service to display whether a homeseller is willing to offer concessions in price — including to cover broker fees
by Taylor Anderson May 29
'It's an arms race': How portals are adapting to the commission crunch
The upending of NAR's cooperative compensation rule is a double-edged sword for Zillow and its rivals, experts told Inman. These are the tools and tactics they're adopting to suit the moment
by Marian McPherson May 28
Redfin launches free rental tool for independent property owners
The 'List My Home for Rent' tool is available in 13 US markets and is tailored to property owners with fewer than 10 rentals. Listings will be syndicated to the Rent.com marketplace later this year
by Marian McPherson May 24
Compass CEO Robert Reffkin says the luxury market is back
During his latest CNBC appearance, Compass CEO Robert Reffkin said recent stock market gains have led to a resurgence in luxury sales
by Marian McPherson May 24
Veterans Affairs will suspend rule blocking vets from paying agents
Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process
by Taylor Anderson May 22
Share your expertise: Take the Inman Intel Index survey for May
Opinion
The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to real estate's most ambitious monthly survey today
by Daniel Houston May 20
Inside the lock-in effect: Cheap mortgages weigh on US consumers
Homeowners with at least a 5% mortgage rate are 3 times as likely to enter the market soon as those with a sub-3.5% rate, according to results from Inman-Dig Insights' latest consumer poll
by Daniel Houston May 20
Texas, Florida are affordability havens for homebuyers: Zillow
Rising inventory and slowing home price growth have made Austin, San Antonio, Tampa, Orlando and Jacksonville some of the best markets for buyers, according to Zillow's Market Heat Index
by Marian McPherson May 15
Sitzer judge indicates his support for proposed NAR settlement
Judge Stephen R. Bough said payouts and practice changes in NAR's deal, added to those in the Keller Williams, Anywhere and RE/MAX settlements, represent 'substantial benefits' for sellers
by Andrea V. Brambila May 14
10 answers to the questions confused sellers are asking now
Opinion
The changing real estate landscape and media misinformation are creating confusion for homesellers. Mega-team leader Carl Medford lays out the facts so you can educate clients
by Carl Medford May 14
What agents and brokers really want to tell each other: Intel survey
Agents and brokers talk. A lot. But what's left unsaid may be nearly as important. Intel analyzed survey responses of hundreds of real estate professionals for insights into an unbreakable bond
by Daniel Houston May 13
$60M non-waterfront Palm Beach estate one of the priciest ever sold
The mansion on Banyan Road was gut-renovated by homeowner and interior designer Victoria Hagan before being sold off-market to an unknown buyer
Agents say their brokerage has their back amid commission mess
The NAR settlement shook the industry, but agents overwhelmingly told the Inman Intel Index they believe their brokerage has been an effective ally. It's a big win for brokerage training efforts
by Daniel Houston May 1
Douglas Elliman settles commission suits for up to $17.75M
The proposed deal would resolve antitrust claims brought by homesellers but not homebuyers
by Andrea V. Brambila Apr 29
Is NAR a net-positive? It depends if you ask an agent or a broker: Intel
An increasing uncertainty among real estate agents in March runs in opposition to brokers, who were more likely to tell Intel they still view the National Association of Realtors positively
by Taylor Anderson Apr 29
'Buyers are losing faith in the American Dream:' Redfin CEO
Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it
by Marian McPherson Apr 26
LA home sells $705K over asking: The moves behind this agent's deal
A remodel, strategic pricing, choice photos, an offer deadline and strong agent relationships helped the O'Connor sisters sell a property that previously sat on the market for nearly 1 year
by Lillian Dickerson Apr 26
Steep home-price growth hampers February pending sales
Pending home sales declined 7% year over year in February, according to the NAR. However, a slight uptick in monthly inventory and contract signing trends provide hope for a market rebound
by Marian McPherson Apr 25
Once bright buyer hopes plummet as agents process NAR changes
Agent optimism over future buyer pipelines fell from 44% before the deal to 27% afterward — one of the starkest monthly shifts in sentiment that Intel has recorded in the last year
by Daniel Houston Apr 24
CoStar Group tallies Q1 revenue growth on success of Homes.com
CoStar Group's revenue grew 12% year over year to $656M in Q1, according to earnings released Tuesday. CEO Andy Florance credited the change to Homes.com's traffic, subscription growth
by Marian McPherson Apr 23
38% of homeowners couldn't afford their home in today's market
Historic rises in median sales prices and mortgage rates have locked homeowners into their homes, according to a new Redfin report. Baby boomers are least able to afford today's market
by Marian McPherson Apr 23
New-home sales enjoy big spring rally after signs of wear in February
Sales of newly built, single-family homes rose 8.8% in March, a reflection of the beginning of a busy homebuyer season. New-home sales rose 8.3% year over year, according to the US Census Bureau
by Lillian Dickerson Apr 23
Weeklong BoomTown outage was caused by hackers, CEO confirms
On Wednesday, executives told customers that a 'security incident involving a malicious third party' caused the outage that has disrupted thousands of brokers and agents since last week
by Taylor Anderson Apr 18
Homebuyers emboldened in wake of $418M NAR settlement: Intel poll
Clients believe their agents bring value, and they're willing to pay for it, according to a survey of 3,000 employed US residents conducted by Intel and Dig Insights. But many consumers embrace the idea of negotiating a lower commission — and perhaps exploring new models
by Daniel Houston Apr 17
Pulte objects to Sitzer | Burnett settlements: What's in it for me?
US homebuilder PulteGroup said it should have been provided with a plan to distribute claims so that it can estimate its recovery amount. But that document doesn't appear to exist
by Andrea V. Brambila Apr 17
Homeseller sentiment is lukewarm as spring homebuying ramps up
Elevated mortgage rates and home prices have made sellers leery about listing this spring, so 50% of sellers said they'll be aligning their sales with a late-year rate drop, according to Realtor.com
by Marian McPherson Apr 16
Federal courts hand HomeServices a win (and a loss) in Sitzer | Burnett
The US Supreme Court denied the real estate franchisor's request for consideration on Monday, but the plaintiffs won't be able to lay $4.7B in damages at HomeServices' feet — at least not yet
by Andrea V. Brambila Apr 15
Agents feel the pain as BoomTown outage extends into another week
Since April 10, brokerage websites across the country have been dark as BoomTown scrambles to resolve service disruptions. The outage has already impacted the bottom line, agents told Inman
by Taylor Anderson Apr 15
Judges decline to 'centralize' commission lawsuits for now
A panel of judges considering whether to consolidate real estate commission lawsuits into one cited the recent NAR settlement as a reason to deny the request
by Taylor Anderson Apr 12
BoomTown is dealing with a service outage. Now agents want answers
Real estate professionals have been seeking answers since Wednesday, when many lost access to their personal websites, lead services and other tools provided by BoomTown, agents told Inman
Brokers brace for NAR settlement to drive commissions south: Intel
A $418M settlement in March by NAR caught agents and leaders by surprise. In a mixed bag of responses to the latest Intel Index poll, they shared their early reactions and existential fears
by Daniel Houston Apr 10
The NAR settlement would bring ‘significant benefits’ to buyers: CFA
That includes benefits for first-time homebuyers, who might be better served by inexperienced agents. But some benefits require changes from mortgage lenders, consumer watchdog says
by Taylor Anderson Apr 5
Disappointing economic news hampers early spring market
Economic headwinds and a holiday weekend caused new listings and home tour requests to fall at the end of March, according to Redfin's report. The portal is still bullish on future spring activity
by Marian McPherson Apr 4
Kentucky, W. Virginia move to ban exclusive, right-to-list agreements
New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices
by Taylor Anderson Apr 3
New commission lawsuit in New York may draw FTC attention
The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied
'It's the economy, stupid,' for these proptech entrepreneurs: Intel
Real estate startups are beset from all sides by existential threats — No. 1 of which is simply this depressed housing market. Four dozen proptech leaders shared their experiences with Intel
by Daniel Houston Apr 1
Barbara Corcoran on the $418M NAR settlement: It's 'not a big deal'
Corcoran told Yahoo! Finance Wednesday she doesn't believe the effects of the settlement will be as earth-shattering as many make them out to be, but that 'the confusion it's causing is amazing'
by Lillian Dickerson Mar 29
Moehrl attorney: Market shift after NAR settlement 'will take time'
Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses 'misconceptions' about the NAR deal's impact and says Realtors who try to ignore the changes 'will get left behind'
by Andrea V. Brambila Mar 25
$3M deal goes up in flames after agent open house mishap
A Sydney listing agent accidentally burned down her client's $3M home. Five years after the accident, her broker has been ordered to pay $850K in damages
by Marian McPherson Mar 21
Existing-home sales rose 9.5% amid winter inventory boost
Existing-home sales decreased 3.3% annually in February, according to the National Association of Realtors. However, sales did improve 9.5% from January — signaling that recovery won't be linear
by Marian McPherson Mar 21
Realtor.com announces the 'Best Day to Sell' for 2024
Stronger buyer demand, higher listing prices and faster list-to-sale timelines have made the week of April 14 'the best time to sell,' according to Realtor.com
by Marian McPherson Mar 21
In ‘shocker’ of a vote, Chicago transfer tax hike headed for defeat
The key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100M through a tax hike on real estate sales
by Taylor Anderson Mar 20
How commission chaos divided the real estate industry into 4 factions
The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward
by Taylor Anderson Mar 20
Homes.com gets analyst boost amid 567% annual traffic spike
CoStar Group's residential portal is having a stellar week as a February traffic boost and NAR's proposed commission settlement encouraged analysts to upgrade their outlook on the company
by Marian McPherson Mar 19
Housing starts leap in February as homebuilders become optimistic
Housing starts rose to a seasonally adjusted annual rate of 1.52M in February — 10.7% higher than in January, according to data released Tuesday by the US Census Bureau
by Ben Verde Mar 19
2024 Spring Outlook: Another tight market, this time with extra anxiety
As the first day of spring arrives, 3 economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive US home sales
by Marian McPherson Mar 19
Curbio faces lawsuits, complaints from agents amid rapid growth
Some Realtors and the attorney general in Washington, D.C., have come forward with criticism of Curbio. Executives say the complaints represent a tiny fraction of the thousands it has helped
by Taylor Anderson Mar 7
Appeals court rules Chicago transfer tax hike can move ahead
Voters are set to decide on March 19 whether they want to quadruple the tax buyers pay on real estate purchases above $1.5M. Realtors say it amounts to a secret tax and rent hike
by Taylor Anderson Mar 6
Location, location, location? Price eclipses previous buyer priority
56% of consumers surveyed by Coldwell Banker said that price is the most important factor for them when choosing a home, casting doubt on the belief that location is everything
Berkshire Hathaway Energy added to growing Gibson commission suit
Amended complaint alleges Warren Buffett's company abused the trust inspired by his name to encourage homesellers to use HomeServices and further alleged price-fixing conspiracy
Defendant, plaintiffs in Nosalek commission case unite against DOJ
Defendant MLS PIN and plaintiffs Jennifer Nosalek, Randy Hirschorn and Tracey Hirschorn asked a district court judge for permission to respond to a statement of interest the DOJ filed in the case
by Andrea V. Brambila Feb 28
Buyer agency contracts riddled with 'unfair' terms, CFA declares
The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny
by Andrea V. Brambila Feb 28
Energized by AI, brokerage leaders eye big tech spend in 2024: Triple-I
Nearly 70% of brokerage leaders who responded to the latest Inman Intel Index earlier this month expect to invest in technology in 2024, with many now saying artificial intelligence is top of mind
by Daniel Houston Feb 28
Gary Keller says 'right now, real estate is in a recession'
Keller Williams co-founder Gary Keller said the Federal Reserve's inflation policy will continue to haunt the real estate industry in 2024, but there's still plenty of opportunity for agents to succeed
by Marian McPherson Feb 27
Rent is falling fastest in markets that added the most new supply
Rent is now 0.7% lower for one-bedroom rentals nationwide than it was a year ago, but some markets are still seeing significant increases, new report shows
by Taylor Anderson Feb 27
New-home sales show promise with 1.8% annual growth
New-home sales increased 1.8% to a seasonally adjusted annual rate of 661,000. Economists say the report, alongside improved builder sentiment, shows promise for a robust spring
by Marian McPherson Feb 26
Brokerages, lenders anticipate big recruitment push in 2024: Triple-I
Approximately 28% of brokerage leaders believe 'recruiting and retaining talent' will be their most challenging responsibility 1 year from now, according to results from the Inman Intel Index survey
by Chris LeBarton Feb 26
NAR breaks silence on DOJ call to decouple commissions
Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a 'major watershed' in promoting more competition in real estate
by Andrea V. Brambila Feb 23
RE/MAX CEO Nick Bailey exits as company revenue falls again in Q4
RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president
by Taylor Anderson Feb 22
January existing sales offer mixed signals about market's future
Existing-home sales decreased 1.7% annually in January, according to the National Association of Realtors. However, sales did improve 3.1% from December
by Marian McPherson Feb 22
NAR: Commission suit insurance coverage ran out 'some time ago'
There are no funds under NAR's policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group
by Andrea V. Brambila Feb 21
HomeServices dropped from long-running buyer commission lawsuit
The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices
by Andrea V. Brambila Feb 21
Matterport pulled in $158M last year, up 16% despite $65.8M loss
The company said it expects to grow total revenue 19% to 22% this year as it continues its expansion as an industry leader
by Taylor Anderson Feb 20
Media startup Blended Sense rolls out partnership with NextHome
Austin-based media startup Blended Sense is partnering with NextHome to provide preferential pricing and specialized content strategy and education to the franchisor's 6,000-member network
by Marian McPherson Feb 20
Rising rates and home prices stifle January market: Redfin
The Federal Reserve's policy shift depressed homebuyer and homeseller activity in January, according to Redfin. New and active listings both fell from December levels
by Marian McPherson Feb 16
Utah homeseller files commission lawsuit against NAR, 13 others
The complaint — one of nearly two dozen targeting real estate's commission-sharing structure — alleges 'most' buyer agents will steer clients away from listings that offer lower commission
by Taylor Anderson Feb 12
Chad Roffers dishes on a Sotheby's Concierge Auction record
The Sotheby's Concierge Auctions founder and CEO shared more about how the recent auction of 'La Dune' went down, as well as key reasons why luxury agents turn to the brand to get a deal done
Falling rates helped drive home price growth in Q4, NAR says
US home prices shot up in 86% of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5% in the fourth quarter, according to data released Thursday by NAR
by Taylor Anderson Feb 8
Agents have real concerns — but commission rates aren't at the top
Despite ongoing commission lawsuits, agents are more concerned about the health of the real estate pie than the size of their own slice, results of the latest Inman Intel Index survey show
by Chris LeBarton Feb 7
NAR signals more declines to come after 3rd-straight membership dip
NAR Chief Economist Lawrence Yun warned of 'further declines in membership over the next 24 months' said after NAR posted a 2.1% annual membership decline last month
by Taylor Anderson Feb 6
Sluggish net new listings signal that the lock-in effect is not over
Home valuation platform HouseCanary's January housing report revealed persistent skittishness among homesellers, as net new listings tumbled 17.5% from January 2023
by Marian McPherson Feb 5
Rate drop leads to 3rd consecutive month of listing gains
Active and new listings experienced single-digit increases for the 3rd consecutive month in January, according to Realtor.com's latest market report
by Marian McPherson Feb 2
Luxury prices and cash buyers hit a new high to close out 2023
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market
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
Sale-leaseback model is key to saving US homeownership: Study
A white paper published on Tuesday said sale-leaseback programs can save nearly 9M homeowners from permanently losing their homes amid current economic woes
by Marian McPherson Jan 30
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
Attorney lays out how real estate can survive the commission suits
At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements
by Andrea V. Brambila Jan 26
Inventory problems to stick around for a 'very long time'
Shant Banosian of Guaranteed Rate told Inman Connect New York attendees Thursday that a seller's market is likely to persist for years
by Jim Dalrymple II Jan 25
Realtor.com CEO 'loves' heated competition with Homes.com
Realtor.com CEO Damian Eales addressed the traffic rivalry with Homes.com and why competition is good for agents and consumers
by Marian McPherson Jan 25
Could offices hold the key to America's housing shortage?
Fifth Wall co-founder Brendan Wallace and VTS CEO Nick Romito discussed the bounce between office and remote work and transforming America's empty offices into extra housing during ICNY
by Marian McPherson Jan 24
Tracking the housing recovery? These 12 dates offer crucial clues
Intel is highlighting the most important data releases and events slated for each month of 2024 in an effort to help industry observers follow the arc of residential real estate's rebound this year
by Chris LeBarton Jan 24
Ready to share your wisdom with the industry? The Triple-I survey is open
The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today
by Chris LeBarton Jan 22
California commission lawsuit filed against NAR and 35 other entities
Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws
by Andrea V. Brambila Jan 19
Court says $200B commission suit against NAR must go forward
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict
by Andrea V. Brambila Jan 18
Homeseller sues Nevada Realtors, NAR after $40K commission bill
Las Vegas resident Nathaniel Whaley alleges the National Association of Realtors, the Northern Nevada Regional MLS and state and local Realtor groups conspired to inflate broker commissions
by Andrea V. Brambila Jan 17
New LA community Nelavida debuts its luxury starter homes
LA-based boutique firm ACME Real Estate has partnered with award-winning builder Comstock to launch Nelavida. ACME is in charge of sales and design direction
by Marian McPherson Jan 16
Riding a Golden Globes high, Emma Stone lists LA house for $3.995M
The actor, who recently won a Golden Globe for her performance in Yorgos Lanthimos' 'Poor Things,' is selling a gated, Spanish-style home in LA's Comstock Hills neighborhood
by Lillian Dickerson Jan 16
NAR president sidesteps palace intrigue in 1st address to members
Newly installed NAR President Kevin Sears will remain in position for nearly 2 years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business
by Taylor Anderson Jan 12
Declining mortgage rates bring new-year market thaw: Redfin
Mortgage purchase applications and new listings have improved in recent weeks, thanks to a 25% decline in mortgage rates from October's peak of nearly 8%
by Marian McPherson Jan 11
Latest homeseller suits in Arizona, New York target commission rules
Class-action complaints filed by Joseph Masiello and Robert Friedman join chorus of litigation nationwide objecting to trade group rules requiring sellers to offer compensation to buyer brokers
by Andrea V. Brambila Jan 11
Realtors fear damage to NAR brand beyond repair following Kasper exit
Members already reeling from a series of accusations and leadership changes told Inman Tracy Kasper's resignation as president after less than 5 months doesn't bode well for NAR's reputation
by Taylor Anderson Jan 10
Chicago landlord, business groups sue to block transfer tax hike
Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution
by Taylor Anderson Jan 5
49% of agents sold either 1 home or none at all in the past year: CFA
Agent 'glut' means part-timers are now the majority, leading to 'widespread incompetence and pressure to maintain high commission rates,' according to the Consumer Federation of America
More agents than ever earn business from networking and SOI
From cold calling and radio shows to painting classes, agent efforts to grow sphere of influence aren't one-size-fits-all
by Chris LeBarton Dec 29
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn't the only lawsuit with commissions in the crosshairs
by Andrea V. Brambila Dec 28
House Hacking spiked amid COVID. In 2024, it will be a household name
Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind
by Taylor Anderson Dec 26
5 continuing education courses tailor-made for 2024
Keller Williams Head of Inclusion and Belonging Julia Lashay Israel shares her top picks for certifications, designations and resources that are perfect for the new year
Flyhomes announces 3rd round of layoffs since 2022
The Seattle-based brokerage and mortgage lender announced another round of layoffs on Friday. Flyhomes had layoffs in July and November 2022, with one round impacting 20% of its workforce
by Marian McPherson Dec 19
Bess Freedman says agents must 'be present' to succeed in 2024
Ahead of Inman Connect New York in January, the Brown Harris Stevens CEO shared with Inman her tips for navigating challenging economic terrain and what she's looking forward to at ICNY
by Lillian Dickerson Dec 19
NAR President: Commission changes will 'marginalize' buyers
NAR President Tracy Kasper appeared on CNBC's 'The Exchange' Thursday to discuss mortgage rates, affordability and the potential harm of changes to the current commission structure
by Marian McPherson Dec 15
Rates keep falling, and buyers and sellers are springing into action
Listings and pending sales hit the highest level in roughly a year, according to a new report from Redfin. Still, a record number of contracts were canceled
by Taylor Anderson Dec 15
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
NAR argues against setting trial date in Moehrl commission suit
The trade group's attorney says NAR is 'still analyzing' the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a 'different case' that will likely go to trial in Q4 2024
by Andrea V. Brambila Nov 29
35% of Americans hope the housing market will crash in 2024
LendingTree's latest consumer survey revealed 35% of Americans hope the market will crash in the next 12 months. They believe an economic downturn will lower mortgage rates and home prices
by Marian McPherson Nov 28
Georgia homesellers file yet another antitrust commission suit
The Georgia suit accuses NAR and major real estate companies of conspiring to keep commissions high. It's also the latest in a string of new cases following the Sitzer | Burnett verdict
by Jim Dalrymple II Nov 28
Curbio accused of targeting elderly homeowners in new fraud suit
Curbio 'strongly' denied claims on Monday by Washington, DC's attorney general that the pre-sale renovation startup violated consumer protection laws through 'deception, intimidation and fraud'
by Taylor Anderson Nov 21
Mortgage rates overtake inventory as biggest worry for agents: Triple-I
After exceeding 8% in October, rising mortgage rates overtook 'lack of housing inventory' as the top concern for real estate agents, according to the latest monthly Inman Intel Index results.
by Chris LeBarton Nov 21
Sitzer | Burnett defendants bulk up lawyer bench to prep for appeal
The National Association of Realtors and Keller Williams have hired former US solicitors general to help them beat back the multibillion-dollar verdict
by Andrea V. Brambila Nov 17
Inman Intel Index: Anxiety among rank and file up in wake of Sitzer
For weeks, the eyes of real estate's agents and leadership were on the Sitzer | Burnett trial. They shared their thoughts and fears as part of Intel's monthly real estate sentiment survey
by Daniel Houston Nov 15
Confused about your commission? Your client will be too: LeBarton
The industry is still unpacking the Sitzer | Burnett verdict and its impact on commissions, Inman Director of Research Chris LeBarton told Intel. After that, expect even more queries from clients
by Daniel Houston Nov 15
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
South Carolina homesellers latest in line to sue NAR, Keller Williams
A new commission lawsuit filed Monday seeking class-action status alleges sellers encountered 'illogical, harmful, irrational and anticompetitive effects' of NAR's cooperative compensation rule
by Andrea V. Brambila Nov 10
New commission lawsuit targets REBNY and 26 companies in NYC
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
by Taylor Anderson Nov 10
Sitzer | Burnett plaintiffs' attorneys in talks with Department of Justice
Disrupting the National Association of Realtors' use of multiple listing services as a 'vehicle for higher commissions' is at the center of talks, lawyer Michael Ketchmark told Inman exclusively
Inman Influencers want agents to get ahead in 2024. Here's the plan
Members of the inaugural class of Inman Influencers told agents during a roundtable discussion to wield video, defy the market, get a coach and shed fears of rejection to succeed in the new year
'A great career, not a great year': 3 brokerage leaders play long game
In their session at Inman Connect virtual, these 3 brokerage leaders discussed how they've worked to carve out a central place in the communities they serve
by Daniel Houston Nov 1
Implement a listing-centered strategy with this 2-pronged plan
A group of prominent real estate voices laid out several actionable steps for building through a slow market at Inman Connect
by Daniel Houston Nov 1
Offerpad to partner with Anywhere agents outside of market area
Sellers located outside of Offerpad markets who contact the iBuyer for services will be connected with eligible agents in the Anywhere Leads Network
by Lillian Dickerson Oct 26
Beth Kushnick went from staging 'The Good Wife' to your listing
The longtime film and TV set decorator turned to staging for NYC-based real estate firm Archpoint Advisory on the cusp of the WGA and SAG-AFTRA strikes and is enjoying the opportunity
by Lillian Dickerson Oct 26
Young homebuyers could lead the recovery. So what do they want?
First-time buyers are less likely than homeowners to be holding out for lower mortgage rates. But they hold a host of other priorities and concerns, according to an Intel analysis of buyer behavior
by Daniel Houston Oct 25
The activity with best ROI? It's old-school networking, Intel poll shows
Agents are doubling down on networking to drive business in tough times, according to results from the Inman Intel Index, excerpts of which are available to Select subscribers for the first time
by Lillian Dickerson Oct 25
Buyers continue downward spiral, but new listings may be steadying
Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports
by Daniel Houston Oct 19
NAR to shed 1M members if shared commission banned, analysts say
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30% as a result of ongoing threats to the real estate industry
by Taylor Anderson Oct 16
An agent got creative with a listing. He wasn’t ready for the backlash
Nicholas Greer decided to have some fun with one of his listings. He made a lot of people angry. 'I’m just an artist at heart,' he told Inman earlier this week. 'I can’t turn that off'
by Ben Verde Oct 13
Very superstitious: Agents say Friday the 13th can jinx a deal
St. Joseph statues, canceled flights, horseshoes, oh my! When clients are already nervous about a transaction, Friday the 13th could be the 'nail in the coffin,' agents said
by Lillian Dickerson Oct 13
'Modest' commission proposals are insufficient, says watchdog
Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive commission landscape
It's the most perilous time of year to overprice a home: Opendoor
Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report
by Daniel Houston Oct 5
MLS commission settlement in jeopardy amid new DOJ 'concerns'
The Department of Justice's antitrust division on Thursday requested a 2-month deadline extension to review a proposed deal between homesellers and MLS PIN, a broker-owned multiple listing service
CoStar's Homes.com beats Redfin, Realtor.com to become No. 2 portal
In a sign of the listing portal's growing influence, Homes.com hit more than 100M unique visitors in September, sparking a 1,290% annual increase in traffic. Now the portal is second only to Zillow
Homes are no longer affordable for the average American, report says
Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250
by Taylor Anderson Sep 29
Age of Aquarius is here as astrology boom hits the real estate industry
As younger homebuyers revive an age-old fascination with astrology in the aftermath of the pandemic, agents, designers and astrologers told Inman the stars are aligned for a resurgence
by Lillian Dickerson Sep 22
Top-producing LGBTQ+ Real Estate Alliance members earned $8.53B
The 3rd annual Top Producers list honors 388 agents and team leaders who raked in $8.53B in 2023 alone, reflecting the growing influence of LGBTQ+ agents in the industry, the Alliance says
by Marian McPherson Sep 20
Alex Vidal shares his journey from secretary to ERA brand president
Newly minted ERA Brand President Alex Vidal shares insight into his first 100 days at the helm, what ERA's 'magic' is, and how his first job as a secretary prepared him to lead a brokerage
by Marian McPherson Sep 20
The pandemic broke open houses. Can a financial downturn fix them?
Open houses have been on the decline for decades, with a typical seller hosting just 1 open house before a sale. But an Intel review of data shows a downturn could breathe new life into the practice
by Marian McPherson Sep 20
NAR loses 'Great Place to Work' distinction on heels of Chicago rally
A rally at NAR headquarters in Chicago drew few Realtors on Monday, but organizers at the NAR Accountability Project declared a win nonetheless after NAR lost its 'Great Place to Work' merit
by Taylor Anderson Sep 18
RE/MAX settles bombshell commission lawsuits for $55M
The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including 'no longer forcing homesellers to pay buyer’s agents'
by Andrea V. Brambila Sep 18
How a construction niche produced 1 of the top luxury agents in the US
The former No. 1 Engel & Völkers Americas agent tells Inman how real estate professionals can build top businesses by targeting a niche
by Lillian Dickerson Sep 15
MLS PIN settlement approved after overcoming judge's qualms
Judge Patti Saris preliminarily approved the deal after settlement fund restructuring. The case could provide a sneak peek at broader changes pending bombshell commission suit outcomes
by Andrea V. Brambila Sep 14
2023 fall outlook: A cooler season roiled by homebuyer-seller friction
Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections
by Daniel Houston Sep 13
The 2023 fall housing market won't look anything like the 2022 market
Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market
by Daniel Houston Sep 13
Home values fell in 21 of the 50 largest US metros in August: Zillow
Home values are now 11.4% lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August, and there was a small inventory uptick
by Taylor Anderson Sep 13
Data providers now data partners as Plunk, Local Logic strike deal
The overlap in offerings will empower clients on both sides of the partnership, providing Local Logic users with granular insights on the financial aspects of homes within market reports
by Craig C. Rowe Sep 12
Zonda acquires self-touring app in support of new construction portal
UTour empowers 'unattended access,' combining a voice tour generated by artificial intelligence, chat tools for in-tour buyer questions and a security feature for users
by Craig C. Rowe Sep 8
Revive's AI-upgrade improves post-remodel valuations
Computer vision can scan photos of an entire market and use what it learns to create quality and condition benchmarks according to a specific submarket and price range
by Craig C. Rowe Sep 6
Anywhere settles bombshell Sitzer and Moehrl commission lawsuits
The company agreed to resolve the claims against it for $83.5M. Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to 'change its practices'
Investor activity keeps slowing down from pandemic-era highs
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports
by Taylor Anderson Aug 31
BoxBrownie to help 72SOLD keep its promise to sellers
Company's quick turnaround of marketing assets is ideally designed to complement the urgency-based system 72SOLD leverages to promote listings, said co-founder of BoxBrownie Brad Filliponi
by Craig C. Rowe Aug 31
Real estate has trimmed its losses. But 'winter is coming': DelPrete
Even as real estate companies cut costs and narrowed losses in the second quarter of 2023, the third quarter may deliver the truest test of their financial mettle, Mike DelPrete told Intel
by Daniel Houston Aug 30
Consumer unease over inflation rekindled in August following rally
Consumer sentiment dipped to 69.5 in August following months of recovery, a downward shift that underscores the complex web of rapidly changing expectations, according to data released Friday
by Daniel Houston Aug 25
Share of homebuyers looking to move cities hits new high
Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests
by Daniel Houston Aug 23
Share of first-time homebuyers hits highest level since 2010: Zillow
Unburdened by rate lock, the share of first-time homebuyers rose to 50% this year, according to a new report from Zillow. That's the highest share since 2010
by Taylor Anderson Aug 23
Redfin CEO says housing sales volume has hit 'rock bottom'
Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get
by Daniel Houston Aug 18
Texas, Florida buyers are trading civil rights for affordability: Redfin
Residents in Florida and Texas would rather live in states with abortion care and LGBTQ rights, but affordability worries force them to stay in their current states, according to a new Redfin survey
by Marian McPherson Aug 16
Real estate investors believe the worst may be in the rear view
The outlook is mixed, but 'it does look like prices may have bottomed out and are on their way back up,' said CJ Patrick Company CEO Rick Sharga
by Taylor Anderson Aug 15
New Western's marketplace and other solutions to inventory crisis
Retail investors and local landlords offer real estate agents a variety of options for staying active in a market bereft of traditional inventory. You simply need to know how to connect with them
by Craig C. Rowe Aug 14
Better 1 step closer to long-delayed IPO with approval of SPAC merger
Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August
by Taylor Anderson Aug 14
US prices fell this spring, new data shows. Not that anybody noticed
Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most US markets, it didn't feel that way
by Daniel Houston Aug 10
4 outside-the-box uses of AI that could change real estate
Everyone's talking about chatbots. But 3 experts at Inman Connect Las Vegas explored AI's other cutting-edge applications for agents during a panel on Wednesday
by Daniel Houston Aug 10
Judge balks at 'unusual' MLS settlement in commission case
Judge Patti Saris, of the US District Court in Massachusetts, said she 'loved' the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs
The commission suits are headed to trial. What happens after that?
At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference
Thad Wong plans to grab more market share during downturn
'The part that I can't control is the market, but I can control my market share,' Christie’s International Real Estate CEO Thad Wong said at Inman Connect Las Vegas on Tuesday
by Taylor Anderson Aug 8
Locked in, or misinformed? How seller's agents can allay client fears
Homeowners feel locked in and for good reason. But sellers should know the other side of the coin too, agents argued at Inman Connect
by Daniel Houston Aug 8
4 ways to improve real estate as bombshell commission suits sizzle
At Inman Connect Las Vegas, real estate broker and attorney Kendall Bonner urged the industry to be proactive instead of waiting to be legally 'bullied' into change
The ultimate guide to Inman Connect Las Vegas 2023
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
by Marian McPherson Aug 8