Author Archives: Marian McPherson

Median price per square foot is up 52.7% since 2019: Realtor.com

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Home values have boomed over the past five years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot. Continue reading →

Microsoft’s mysterious real estate portal sparks data safety concerns

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Industry watchers are sounding the alarm about Microsoft’s Bing Real Estate, a site that for several months has been reposting listings from Zillow, Realtor.com and Redfin without explanation. Continue reading →

Sellers are cutting prices at record pace to combat softening demand

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Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin’s latest report. The median asking price declined for the first time in six months to $416,000. Continue reading →

Judge dismisses eXp Realty, Glenn Sanford from sexual assault suit

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A judge dismissed eXp Realty and founder Glenn Sanford from a sexual assault lawsuit that claimed both entities ignored the alleged actions of two star agents — David Golden and Michael Bjorkman — for financial gain. Continue reading →

‘It’s an arms race’: How portals are adapting to the commission crunch

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The upending of NAR’s cooperative compensation rule is a double-edged sword for Zillow and its rivals, experts told Inman. These are the tools and tactics they’re adopting to suit the moment. Continue reading →

Redfin launches free rental tool for independent property owners

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The “List My Home for Rent” tool is available in 13 US markets and is tailored to property owners with fewer than 10 rentals. The listings will be syndicated to the Rent.com marketplace later this year. Continue reading →

Homes.com President Dave Mele to part ways with CoStar

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After 10 years, Homes.com President Dave Mele has left the company to pursue other opportunities. Mele was instrumental in CoStar Group’s acquisition of the company in 2021 for $156 million. Continue reading →

Compass CEO Robert Reffkin says the luxury market is back

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The luxury market is back. That was Compass co-founder and CEO Robert Reffkin’s primary message during his latest appearance on CNBC’s “Squawk on the Street,” where he talked about home price trends, mortgage rates, and stock market ebbs and flows. Continue reading →

Jonathan Adler talks ‘modern American glamour’ on Miami stage

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World-renowned designer Jonathan Adler sat with real estate icon Sherry Chris to talk about style, authenticity, love and needlepoint. Continue reading →

Zillow launches AI tool to stop fair housing discrimination

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The Fair Housing Classifier is an open-source tool aimed at helping real estate, technology and civil rights organizations create smarter, fair-housing compliant chatbot and search functions for their websites. The code is available on GitHub. Continue reading →