Existing-home sales continue to slide as buyers bide their time: NAR

Existing-home sales fell 4.2 percent year over year to a seasonally adjusted rate of 3.86 million in August as buyers awaited the Fed’s decision to cut rates, according to National Association of Realtors data Continue reading

Christine Jacobson, formerly of NextHome, heads to Realtor.com

Christine Jacobson has joined Realtor.com as senior vice president of B2B marketing. In her new role, Jacobson will expand the portal’s B2B offerings in a bid to help agents grow their business. Continue reading

Compass Florida founding member Bobby Jones joins Douglas Elliman

After nine years with Compass, Bobby Jones has joined Douglas Elliman as its executive director of luxury sales. Jones specializes in listing waterfront and luxury estates across South Florida. Continue reading

UK portal Rightmove rejects bid from Rupert Murdoch’s REA Group

UK portal Rightmove’s board of directors has unanimously rejected News Corp subsidiary REA Group’s $7.32 billion acquisition bid, saying it “fundamentally undervalues” the company’s current and future prospects. Continue reading

Computer vision firm Restb.ai hits 720K agents across US, Canada

Barcelona-based computer vision software firm Restb.ai expanded its reach to 17 new multiple listing services in New York, Rhode Island, the Carolinas, Tennessee, Florida, Alabama, Minnesota, Kansas, Oklahoma, Texas, Colorado, Arizona, California, and … Continue reading

Redfin Next expanding nationwide by the end of October

Seattle-based brokerage Redfin is taking its commission-based payment model, Redfin Next, nationwide on Oct. 27. Redfin Next enables agents to keep their W-2 status and benefits while earning competitive commission splits. Continue reading

CoStar touts forensic evidence in new filing against Move

CoStar filed a motion on Wednesday asking the court to deny Move’s amended preliminary injunction due to forensic data that allegedly proves a former Realtor.com editor never shared Move-owned files with the company. Continue reading

Zillow, unfiltered: Portal giant adds AI-fueled natural language feature

Consumers using Zillow’s mobile application can now search homes with simple voice prompts based on commute, points of interest, affordability and school access, according to executives. Continue reading