Prices and politics drag pending home sales down to new low in July

Homebuyer anxiety around prices and the election precipitated the fall as the National Association of Realtors’ Pending Home Sales Index declined 5.5 percent, to 70.2, the lowest index reading in 23 years. Continue reading

Realtors file suit against Move, NAR over ‘fake leads’ scheme

Eight Realtors are seeking class action status in their lawsuit against Realtor.com for allegedly selling unvetted and fraudulent buyer and seller leads. This is the third lawsuit against Realtor.com and parent company Move over its lead gen business. Continue reading

Jeremy Wacksman on becoming CEO, leading Zillow into a new era

A week after being named CEO, Wacksman shared what it’s like to take the baton from Zillow co-founder Rich Barton, the power of technology and the role portals play in a post-settlement world. Continue reading

Zillow hires former PayPal exec to lead agent sales team

Zillow is continuing its leadership shuffle, with the Seattle-based residential portal announcing a new senior vice president of agent sales on Friday. Former PayPal executive Soumya Tulloss will lead Zillow’s agent sales, the segment that includes fla… Continue reading

Redfin lays off nearly 100 Redfin Concierge service employees

Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services. Continue reading

US housing market still ‘sluggish’ despite existing-home sales gains

Existing-home sales tallied a 1.3 percent uptick in July following four months of declines, according to NAR data released Thursday. However, market headwinds have kept sales sluggish compared to 2023. Continue reading

RE software company reAlpha Tech Corp hires new CFO

Publicly traded real estate software company reAlpha Tech Corp (AIRE) has hired a new chief financial officer. William Brent Miller will start his role immediately, taking the reins from Chief Operating Officer Michael J. Logozzo who’s been reAlpha’s i… Continue reading

Cardone slams Harris-Walz $25K down payment assistance plan

Cardone Capital CEO Grant Cardone slammed VP Kamala Harris’ housing policies on Fox Business, saying they will lead to the collapse of the housing market in Democratic-led states. Continue reading

On Realtor.com’s hottest ZIP codes list, the Midwest reigns supreme

Affordability and a plethora of amenities vaulted Gahanna, Ohio, to the top of Realtor.com’s 2024 hottest ZIP codes list. ZIP codes in Missouri and Indiana made the list too as out-of-state homebuyers search for a good deal. Continue reading

Harris takes on institutional investors, rent price algorithms

Vice President Kamala Harris unveiled the housing policy for a Harris-Walz Administration at a campaign stop on Friday. Her first priority? Pulling the reins on institutional investors and rental management platforms. Continue reading