Author Archives: Lillian Dickerson

RE/MAX revenue drops for 7th consecutive quarter

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Total revenue declined by 8.3 percent year over year to $78.3 million during the first quarter of 2024, which still bested analysts’ expectations for revenue to fall by 9.5 percent. Continue reading →

HomeServices hit by buyer commission lawsuit in Florida

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The class action lawsuit filed by plaintiff James Lutz alleges that HomeServices and other members of the National Association of Realtors fixed commissions, which misled buyers and resulted in buyers paying inflated home prices. Continue reading →

Largest minority and women-owned brokerage in US joins Real

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The Atlanta-based Village Premier Collection, led by Cheri Benjamin, has joined Real under its Private Label program. The company has roughly 500 agents and closed $665 million in sales in 2023. Continue reading →

Court grants preliminary approval of settlements with firms in Gibson

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The court has granted plaintiffs’ motion for preliminary approval of settlements proffered by Compass, The Real Brokerage, Realty One Group, At World Properties and Douglas Elliman in the Gibson commission lawsuit. Continue reading →

Joan Didion’s former NYC apartment sells for $5.4M

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The Upper East Side apartment has sold more than a year after hitting the market. The late writer and her husband, John Gregory Dunne, bought the property in 1988. Continue reading →

Engel & Völkers enters Philadelphia, Mexico City markets

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Engel & Völkers Philadelphia will be led by Jim Becker, Ed Casella and Logan Rothman, while Mexico City will be helmed by Rodrigo Pérez del Toro and Malusa de Nova. Continue reading →

March rents grew dramatically in Chicago and these 4 other cities

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Eighteen of the 50 largest U.S. metro areas witnessed rents rise on an annual basis in March, especially in the Northeast and Midwest, where a lack of rental supply is common and owning a home is costly. Continue reading →

LA home sells $705K over asking: The moves behind this agent’s deal

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A remodel, strategic pricing, choice photos, an offer deadline and strong agent relationships helped the O’Connor sisters sell a property that previously sat on the market for nearly one year. Continue reading →

‘RHONY’ alum Sonja Morgan auctioning UES townhouse

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The 4,650-square-foot home is also being listed for $7.5 million by Adam Modlin of the Modlin Group. Bidding is expected to begin around $1.75 million to $3.75 million. Continue reading →

Anywhere’s revenue holds steady in Q1 amid ‘tough’ housing market

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Generated revenue remained flat at $1.1 billion from the same period a year ago while the franchisor improved net losses by 27 percent year over year to a loss of $101 million, according to a Thursday earnings call. Continue reading →