Fannie Mae no longer expects mortgage rates to drop below 6%

The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events. Continue reading

Homes.com gets analyst boost amid 567% annual traffic spike

Despite the initial controversy, Homes.com isn’t letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 56… Continue reading

Court weighs $4.7B Sitzer ruling against last holdout HomeServices

Sitzer | Burnett plaintiffs asked the court to order the Berkshire Hathaway affiliate to pay most of the nearly $5.4 billion damages award after NAR, Keller Williams, Anywhere and RE/MAX settle. Continue reading

Agents storm TikTok with flood of complaints after NAR settlement

Since Friday, real estate agents have been arguing on the video sharing platform that the recent commission suit settlement is likely to hurt both homebuyers and the agents who represent them. Continue reading

Marc Andreessen lists Atherton mansion for $33.475M

The Andreessens have owned the home since 2007 and conducted extensive renovations. The couple also recently purchased several properties in Malibu, suggesting a switching of allegiances to Southern California. Continue reading

Housing starts leap in February as homebuilders become optimistic

Housing starts rose to a seasonally adjusted annual rate of 1.52 million in February — 10.7 percent higher than in January, according to data released Tuesday by the U.S. Census Bureau. Continue reading

NAR’s $418M settlement throws a wrench at the MLS. So now what?

If the proposed settlement is approved, multiple listing services will be forced to nix the buyer commission field by July. Now is the time to prepare, writes author and trainer Bernice Ross. Continue reading

Radius Agent’s AI tool has been taught compliance standards

Independent, tech-forward brokerage Radius Agent (Radius) has built an artificial intelligence assistant for its agents and staff, called Mel, designed to assist with compliance, marketing and business management. Continue reading

2024 Spring Outlook: Another tight market, this time with extra anxiety

As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales. Continue reading

Technology is the ‘great equalizer’ for accidental landlords

With new and evolving software solutions, multifamily expert Andy Larson writes, any landlord can thrive in the rental market by letting automation, big data and smart spaces do much of the heavy lifting.  Continue reading