Tag Archives: Industry News

Better shares plunge more than 90% in Nasdaq debut

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In addition to going public at a bad time for mortgage lenders, Barron’s reports that a SPAC merger resulted in a huge increase in the number of shares outstanding. Continue reading →

Keller Williams agent killed in boat accident before Mega Agent Camp

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Beloved Keller Williams Moorestown agent Rob Montalbano died in a Lake Travis boating accident on Aug. 13. His brokerage and community have rallied to raise more than $68,000 for funeral costs. Continue reading →

Share of first-time homebuyers hits highest level since 2010: Zillow

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Unburdened by rate lock, the share of first-time homebuyers rose to 50 percent this year, according to a new report from Zillow. That’s the highest share since 2010. Continue reading →

After setbacks, Better goes public with plan to scale ‘greater heights’

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Following six merger adjustments over two years, Better will go public Thursday with $565 million in new funding and plans to “aggressively” partner with agents as it builds its mortgage production team. Continue reading →

Court rules Zillow falsely labeled REX listings as case heads to trial

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Despite the ruling, Zillow said it looks forward to presenting its case to a jury and is “confident that the evidence will show that REX’s business failed for reasons unrelated to Zillow.” Continue reading →

Redfin’s return to office shows unique stress for US office market

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Experts expect U.S. companies to adjust remote work policies in the coming 6-12 months as the office market suffers. “Our cultures are different around work-life balance,” said CBRE’s Julie Whelan. Continue reading →

Kmart down to 2 locations, including 1 in haughty Hamptons

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The town of Bridgehampton, where the median home price is $3.8 million, is home to one of just three remaining Kmarts. Soon it will be one of two, according to reports. Continue reading →

REX antitrust claims against NAR and Zillow dismissed with prejudice

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The case is currently set for trial on Sept. 18, but the National Association of Realtors is no longer a defendant, according to a court order. Some claims against Zillow remain. Continue reading →

Housing starts inch up in July as builders scramble to meet demand

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Housing starts increased 3.9 percent between June and July to a seasonally adjusted annual rate of 1.45 million units, according to data released Tuesday by the U.S. Census Bureau. Continue reading →

Gary Keller cites commission probe in pep talk touting agent happiness

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“I’m happy. Screw ’em,” the Keller Williams co-founder told agents Tuesday at his Mega Agent Camp event, referring to antitrust suits involving commissions in which the brokerage is named. Continue reading →