Tag Archives: Industry News

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 →

Real estate heroes come to rescue after suffering losses in Maui fires

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Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces. Continue reading →

Real estate investors believe the worst may be in the rear view

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The outlook is mixed, but “it does look like prices may have bottomed out and are on their way back up,” said CJ Patrick Company CEO Rick Sharga. Continue reading →

Industry rallies to work around ongoing Rapattoni cyberattack

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A ransomware attack was unleashed last Wednesday, Aug. 8, on Rapattoni, a prominent software and property data provider for the real estate industry. The attack is ongoing, according to reports. Continue reading →

Blend Labs laying off 150 more workers on ‘path to profitability’

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The mortgage technology, title provider and cloud-based banking platform has eliminated more than 1,000 positions in five rounds of layoffs in the last 16 months. Continue reading →

The 2 ‘buzzwords’ Keller Williams’ Marc King wants agents to master

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Keller Williams President Marc King told Inman he wants KW agents to sharpen their lead generation and conversion strategies as the brokerage’s annual Agent Mega Camp hits Austin this week. Continue reading →

Despite Q4 decline, Realtor.com says it’s ready to take on CoStar

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Realtor.com parent company Move’s Q4 and FY 2023 revenues slipped by double digits, with the company bringing in $602 million for the full year, according to an earnings call on Thursday. Despite its struggles, News Corp CEO is confident in the brand’s… Continue reading →