Seven homesellers object to deals reached in Gibson commission suit

Sellers in the Gibson class-action suit filed objections Thursday to the dollar value of the proposed settlements, which include deals with Compass, Redfin and The Real Brokerage, among others. Continue reading

Consumer housing sentiment hits 30-month high in September

More than 8 in 10 Americans still said it was a bad time to buy a home, and mortgage rates have been climbing again since Fannie Mae conducted the monthly National Housing Survey. Continue reading

Glenn Kelman: It’s ‘game on’ for the 2025 housing market

In his latest CNBC appearance, Redfin CEO Glenn Kelman talked about mortgage rates, the lock-in effect, and how buyer-broker compensation changes are already impacting market dynamics. Continue reading

Florida’s biggest insurer hands off 600k policies as new storm comes

The Florida Legislature-created Citizens Property Insurance Corporation has been so overwhelmed with new insurance policies in recent years that regulators have approved proposals for private insurers to take over more than 600,000 of those policies. Continue reading

Rocket hires Venmo, PayPal vet to lead product engineering teams

Papanii Okai will help the mortgage giant harness artificial intelligence and build out fintech platform connecting its real estate, lending and personal finance subsidiaries. Continue reading

Forget mega-teams. Half of all teams have 6 or fewer members

California-based proptech leader RealScout has partnered with T3Sixty and Tom Ferry to release its inaugural Teams Report, which dives into the intricacies of developing a successful team and the unique challenges surrounding technology, marketing, lea… Continue reading

The problem with positive thinking that nobody talks about

Embrace the full spectrum of thoughts — positive and negative — and you’ll find a more profound sense of freedom and power in your career, author, coach and broker Aaron Hendon writes. Continue reading

With AI, real estate is now a ‘game of attention,’ Serhant says

AI has changed the nature of competition within the industry, Serhant said at the CNBC Evolve AI Opportunity Summit, making relationship skills even more important. Continue reading

‘They’re here’: Poltergeist home to reopen as Airbnb for horror fans

The Simi Valley, California, home sold Friday for $1.28 million, its first sale in 45 years. Now, a Los Gatos-based investor plans to reimagine the famed setting of the 1982 horror flick as a draw for tourists. Continue reading

EXp agrees to pay $34M to settle antitrust commission lawsuits

The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions. Continue reading