New-home sales declined in July but beat analyst expectations

Sales of new single-family homes dropped 8.2 percent year over year to a seasonally adjusted annual rate of 652,000, which still beat analysts’ expectations of a rate of about 630,000 units. Continue reading

NYC luxury agent accused of biting child over concert free T-shirt toss

Compass agent Gail Bomze was arrested after allegedly biting a 7-year-old child during a free T-shirt toss at East Hamptons’ Tuesdays on Main beach concert series. Bomze denies the allegations and says she was pushed to the ground by teenagers during t… Continue reading

Mortgage rates hit 10-month low, spurring lower monthly payments

The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage. Continue reading

Lead counsel for Moehrl targets ‘deceptive practices’ in new real estate industry investigation

Attorneys from Hagens Berman have urged consumers that have sold a home since 2021 with the aid of an “online real estate agent” to reach out to the firm since they may be eligible for compensation as a result of “deceptive practices” by the real estat… Continue reading

How 1 newbie real estate agent gets 75% of her clients by insulting people on Instagram

Early in her career, Kaitlin Hannig found a supportive group of female real estate agents on Instagram and quickly realized the social platform could help grow her business. Two years later, 75 percent of her business is generated that way. Continue reading

‘Construction is in a funk’: Homebuilding improves, but inventory issues remain

The slight monthly boost comes as builders continue to face cooled buyer demand in response to elevated mortgage rates and high home prices. Housing starts and completions are not on track to meet national inventory needs this year with builder sentime… Continue reading

Summer sales have hit their slowest pace in 10 years

A growing number of homes sitting longer on the market has made buyers more relaxed about transacting, causing some to wait it out or even cancel contracts because they have more options. Continue reading

HGTV who? TikTok, not reality TV, took this broker’s business to another level

Landing a role on HGTV shortly after launching her own brokerage was great for Tatiana Londono. But she credits TikTok with skyrocketing her career into the stratosphere. Continue reading

Martha’s Vineyard property tied to the Obamas sells for $37M

The 7,800-square-foot estate was reportedly purchased by businessman Les Wexner, the founder of L Brands, which was previously the parent company of Bath & Body Works and Victoria’s Secret. Continue reading

Judge denies NWMLS request to stay discovery, moving the needle forward for Compass

An order signed by U.S. District Judge Jamal N. Whitehead on Wednesday denied NWMLS’s request to stay discovery while the court considers its motion to dismiss the case. Continue reading