Ohio 4th state to sue MV Realty over allegedly ‘shameful business model’

Ohio is the latest state to file suit against MV Realty for deceptive practices following probes by regulators over its “homeowner benefit agreements” in Florida, Pennsylvania and Massachusetts. Continue reading

Lawsuit accuses eXp agents of sexual assault, drugging women

According to the suit filed Wednesday, Michael Bjorkman and David Golden took advantage of women while attending real estate industry events. Continue reading

The hottest tools to add to your AI toolbox in 2023

ChatGPT is only a sliver of what’s already available in the AI space. Bernice Ross talks to team leader Kendall Bonner and offers a roundup of some of the hottest applications you’ll want to add to your AI toolbox.  Continue reading

Sotheby’s brings on LAH Real Estate for newest Alabama affiliate

LAH Real Estate Inc. was originally founded in 1992. The new affiliate brings its four offices to Sotheby’s, ticking the brand’s total office count in Alabama up to seven. Continue reading

Offerpad lost $24K on every home sold in Q4 as losses hit record high

Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday. Continue reading

Leading Seattle team departs Sotheby’s for Engel & Völkers

The three-person Nielsen Group brings a collective 25 years of industry experience and an average annual sales volume of over $50 million to Engel & Völkers. Continue reading

Total market value for US homes drops $2.3T from June: Redfin

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession. Continue reading

Matterport Q4 revenue grows to $41.1M in test of value in a downturn

Matterport earned $136.1 million in 2022, which wasn’t enough to offset $26.5 million in losses for the final three months of 2022 and $116.6 million for the year, according to the company’s latest earnings release on Wednesday. That was more than doub… Continue reading