Fewer homeowners constrained by mortgage lock-in effect

Two years ago, nine out of 10 mortgages had rates below 5 percent. Today, there are 5.8 million fewer sub-5 percent mortgages in the market and 1 in 4 borrowers has a higher rate. Continue reading

Sellers appeal Keller Williams, Anywhere, RE/MAX settlements

The homesellers object that the deals’ payout is “far too low” for the “massive” number of injured parties and that franchisees should be required to implement practice changes. Continue reading

Aidium launches 24/7 customer support for mortgage lenders

Business intelligence and mortgage CRM platform’s expanded services follow $19 million Series A funding round led by PeakSpan Capital in April. Continue reading

Cape Cod estate in Osterville sells for a record $22.75M

The estate bested the area’s previous home sales record of $20 million, which was set in 2020. It features 280 feet of oceanfront overlooking the Nantucket Sound. Continue reading

REColorado unveils interim CEO amid rocky ownership change

The MLS is separating from ties with Realtor organizations by selling to a newly formed private company. Broker Larry D. McGee will serve as interim CEO. Continue reading

Matterport teams with FBS in first partnership since CoStar purchase

The deal will allow Matterport tours to accompany listing pages, with the dimensions and square footage of each property autofilled in a bid to reduce the risk of faulty data entry, executives say. Continue reading

Listing agreement slammed as CFA resumes California Realtors probe

The second report by the Consumer Federation of America to focus on the California Association of Realtors in as many weeks examines the association’s 7,000-word homeseller listing agreement. Continue reading

Kennedy Lewis makes $50M investment into Douglas Elliman

With the investment, Kennedy Lewis co-founder and Co-Managing Partner David Chene will join Douglas Elliman’s board. Douglas Elliman also released preliminary Q2 2024 financial results. Continue reading

12 potential pivot points for buyers planning to represent themselves

Buyers and sellers need their own agents as buffers to work through the challenges that every transaction presents, bi-coastal luxury agent Cara Ameer writes. Continue reading