Amid fighting over the federal funds rate, NAR says home sales were 0.7 percent lower in May than a year ago as inventory rose to a 4.6-month supply Continue reading
The chair of the Federal Housing Finance Agency, Fannie and Freddie has spent the past day calling on Powell to step down, saying he’s responsible for high home prices. Continue reading
A renter outside Portland, Oregon, sued Compass this week, saying its agents contacted her despite her phone being on the National Do Not Call Registry and multiple requests to stop calling. Continue reading
A New York homeowner claims text messages sent by an associate broker at Keller Williams amounted to an “invasion of her privacy” and a violation of the Telephone Consumer Protection Act. Continue reading
The company now expects to earn as much as 10 percent less this quarter than it expected in April, according to a new SEC filing. The company’s stock price fell sharply in early trading hours. Continue reading
Ahead of Inman Connect San Diego in July, Lamacchia revealed what he said at Trump’s West Palm Beach golf club this year that drew the president’s ire. “He was not happy to hear it,” he told Inman. Continue reading
The company offered thousands of quick cash loans in exchange for 40-year exclusive listing agreements that a judge found violated the law and issued an injunction stopping the practice. Continue reading
After posting losses in 16 of the past 18 quarters, Opendoor implemented the latest in a string of layoffs on Wednesday, primarily on the iBuyer’s sales side, Inman has learned exclusively. Continue reading
The coworking behemoth says it is on a path to profitability after spending a year negotiating with landlords to eliminate $4 billion in debt and begin to turn a profit, according to a new report on Tuesday. Continue reading
Modesto broker John Diaz took aim at NAR, CAR and two local organizations for the creation and enforcement of the Variable Dues Formula, which he claims is illegal and anticompetitive. Continue reading