Falling rates pique buyers’ interest, but not their pocketbooks

A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases. Continue reading

E&V’s Anthony Hitt says the best thing agents can do now is ‘focus’

The Engel & Völkers Americas president and CEO took time to chat with Inman and shared why agents should be concentrating on relationships — not confusion around commission lawsuits. Continue reading

Expedia adjusts H2 projections despite revenue growth

Expedia Group met the high end of its earnings expectations for the second quarter of 2024, despite a challenging macro environment and softening travel demand, according to an earnings report released Thursday. Continue reading

NAR: Settlement mandates ‘benefit’ buyers and sellers

Consumer guides from the trade group offer a contrast to previous messaging but also continue to promote pre-emptive offers of compensation to buyer agents. Continue reading

Now in beta, Eden’s AI home search aims to upend ‘Big Search’

Agents can use Eden’s AI tools to compete for business with affordability, a unique advantage in a market that may soon find buyers having to pay directly for representation Continue reading

Investors aren’t ready to buy in to Better’s comeback story

Digital mortgage lender boosted second quarter loan production by 45 percent and says it’s on track to originate more than $1 billion in mortgages in Q3 for the first time in two years, but losses continue to mount. Continue reading

RE/MAX agent count drops as revenue falls for 8 straight quarters

Franchisor reported its U.S. agent count fell 6.3 percent during the second quarter as revenue fell 4.8 percent compared to a year earlier, according to its earnings report. Continue reading

California Association of Realtors taps Phil Hawkins as new CEO

Hawkins had been working as the CEO of the Pacific West Association of Realtors in Southern California and will now lead C.A.R. during a challenging time for the industry, Continue reading

Realtor.com revenue drops 2% as traffic, lead volume remain flat

Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2 percent yearly to $143 million as traffic to the site stalls at 74 million average monthly unique visitors. Continue reading