Compass AI is poised to bring agents ‘massive productivity gains’

With the update, real estate agents will now be able to speak prompts to Compass AI, freeing up time for other tasks, Rory Golod, president of growth and West regions at Compass, told Inman. Continue reading

Down payments set shrinking course for 1st time in 2 years

Down payments are declining even as home prices are rising because buyers are facing affordability challenges or opting to reserve more of their cash because of economic uncertainty, Redfin said. Continue reading

28 agents join RE/MAX Results in acquisition of RE/MAX Affiliates

The Minnesota-based RE/MAX Results has acquired the Chippewa Valley-based RE/MAX Affiliates to help strengthen their combined forces in the region, with a total of more than 50 agents. Continue reading

Jon Grauman and Adam Rosenfeld launch Resident Group at Side

The duo previously led the Grauman Rosenfeld Group at The Agency and have collectively closed more than $3 billion in career sales. The new firm will be focused on client service, they said. Continue reading

3rd indictment adds new charge against Alexander brothers

The new allegation of aggravated sexual abuse by force, threat or intoxicant against Oren and Alon brings the total number of counts against the brothers collectively up to 10. Continue reading

Canadian reality TV brokerage makes its US debut in South Florida

RARE Real Estate first launched in Canada in 2021 and may be best known to Americans for being featured on the Amazon reality TV show “Luxe Listings Toronto.” Continue reading

Brad Loe joins Corcoran Group to head Chelsea Flatiron office

Loe has more than two decades of industry experience and most recently served as executive vice president and director of sales at Berkshire Hathaway HomeServices New York Properties. Continue reading

Trump bump flattens for luxury homebuyers in Silicon Valley

The area’s high-end homebuyers, many of whom work in tech, don’t take market fluctuations well, largely because their wealth is typically generated through IPOs and stocks. If the stock market is in a tizzy, they won’t be buying real estate. Continue reading

An active hurricane season is on the horizon — is the US prepared?

NOAA expects 13 to 19 named storms to arrive now through the end of November. More than 33 million properties face potential damage from high winds and more than 6 million from flooding as a result of storm surge. It’s unclear how federal cuts may hind… Continue reading

US inventory exceeds 1M homes for first time in 6 years

Metro areas with the greatest gains in inventory are those that continued to build during and shortly after the COVID-19 pandemic, while those that did not still lag behind pre-pandemic levels. Continue reading