California commission lawsuit filed against NAR and 35 other entities

Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws. Continue reading

New suit accuses eXp Realty, team leader of sexual harassment

The suit claims that Chris Nevada offered to pay an employee for sex, made inappropriate comments and, ultimately, fired the woman. Continue reading

Falling mortgage rates should boost home sales: Fannie Mae

Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent. Continue reading

Too much too soon? AI is now ‘nearly ubiquitous’ in real estate

As many as 80 percent of agents are using AI to do things like write listing descriptions, but real estate leaders also have concerns about “guardrails” for the tech. Continue reading

Marketing your listing by exploiting Anne Frank is just gross

When New Mexico builder Abrazo Homes named its floor plans after iconic historical women, it ignited a social media firestorm. Here’s why using celebrities and cultural figures without permission to market your business is such a bad idea. Continue reading

Pacaso’s Marnie Blanco on why co-ownership is poised for a big 2024

Pacaso’s senior vice president of industry relations sat down with Inman ahead of Inman Connect New York next week to share the vacation-home platform’s big expansion plans for the new year. Continue reading

Billionaires’ Row penthouse goes under contract for over $100M

The duplex at Central Park Tower marks one of the rare deals in New York City that has commanded nine figures in recent years. When it was first listed in early 2023, the unit asked $175 million. Continue reading

Real estate coaches who preyed on Spanish speakers banned by FTC

The Federal Trade Commission has ordered Ganadores Real Estate to refund consumers after making false real estate coaching and mentoring promises. The group charged $28,000 per student and promised six-figure returns. Continue reading

Purchase loan applications soar 9% following drop in mortgage rates

Trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Fed may take its time before cutting rates. Continue reading