Low inventory prevents prices from falling even further: Report

While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin. Continue reading

Agent encounter with prowler amid digital home showing goes viral

Billings, Montana, real estate agent Alyssa Webb was taking a cellphone video of the vacant home during a tour with clients when she turned a corner and came face to face with the vagrant. Continue reading

Highlights from Sotheby’s biggest brand networking event ever

The event, which took place at The Wynn in Las Vegas, facilitated networking, relationship-building and education across about 3,000 of the brand’s agents, brokers and staff. Continue reading

Just in time for 90th birthday, Carol Burnett’s LA condo sells for $3.7M

Burnett purchased the 2,800-square-foot 13th-floor unit for $1.26 million in 2002, and renovated it with husband Brian Miller in 2011. The property sold five days before her birthday, according to Zillow. Continue reading

Compass scores 2 new Colorado agents — including a ‘boomerang’

Adana Leonard and Tommy Kanarellis — who’s returning to Compass after a stint at Douglas Elliman — focus on luxury listings and join the brokerage amid fierce competition for top agents. Continue reading

REX gets OK to question Zillow CEO Rich Barton in antitrust suit

Judge Thomas Zilly denied Zillow’s motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX’s counsel about the company’s “Project Bookshelf.” Continue reading

Chris Heller: Brokerages and teams are playing chicken. Who will win?

The chief real estate officer at OJO also believes teams will continue to get bigger, and that new agents will be willing to trade money for opportunity. Continue reading