Author Archives: Marian McPherson

Summer slump sees buyers back out of deals at record rates

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Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin. Continue reading →

Michael Valdes leaves eXp to lead LPT Realty global division

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After four years at eXp Realty, Michael Valdes is moving to LPT Realty. After surpassing 10,000 agents in the U.S., the Florida-based brokerage is ready to expand internationally, executives told Inman. Continue reading →

FCC ready to crack down on AI-generated robocalls

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The FCC announced on Tuesday a plan to help consumers identify and block AI-generated robocalls. The plan, if passed, could impact a key part of real estate agents’ lead generation methods. Continue reading →

Move calls on court to stop CoStar Group’s use of ‘unauthorized’ files

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Two weeks after filing a theft of trade secrets lawsuit against CoStar Group, Move now wants CoStar to hand over Move-owned files and electronic devices used by former Realtor.com News and Insights Editor James Kaminsky. Continue reading →

EXp promotes Troy Palmquist to VP of growth and product marketing

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Industry veteran and DOORA co-founder Troy Palmquist has been promoted from eXp’s director of growth to the VP growth and product marketing. Palmquist joined eXp in 2023. Continue reading →

Despite declines, rents are still $305 higher than pre-2020 trends

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Despite 11 months of declines, Realtor.com said the typical renter is paying $305 more monthly for an apartment compared to 2019. The greatest rent increases are in Florida and the Midwest. Continue reading →

Housing market bubble ready to ‘pop’ in the South, analyst warns

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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 in the country. Continue reading →

Market headwinds stifled new construction growth in June

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High mortgage rates, slowing homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains. Continue reading →

President Biden’s 5% rent cap falls flat with industry leaders

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President Biden proposed the idea of a 5 percent rent cap for corporate landlords with at least 50 units on Tuesday. However, industry leaders say caps rarely result in lower housing costs for renters. Continue reading →

RealScout inks enterprise deal with Sotheby’s International Realty

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Nine months after signing an enterprise deal with Anywhere, California-based proptech leader RealScout has extended its reach to include Sotheby’s International Realty’s company-owned locations. Agents at SIR’s company-owned locations will have full ac… Continue reading →