Utah homeseller files commission lawsuit against NAR, 13 others

The complaint — one of nearly two dozen targeting real estate’s long-standing commission-sharing structure — alleges that “most” buyer agents will steer clients away from listings that offer a lower commission. Continue reading

NYC real estate news site Brick Underground to close unless sold

The site started as an objective resource for renters and buyers moving to or living in New York City. Staff holds out hope for a sale this month. Continue reading

Falling rates helped drive home price growth in Q4, NAR says

U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR. Continue reading

NAR signals more declines to come after 3rd-straight membership dip

NAR Chief Economist Lawrence Yun warned of “further declines in membership over the next 24 months” after NAR posted a 2.1 percent annual membership decline last month. Continue reading

Illinois Realtors raises $1M war chest to fight Chicago tax hike

Chicago voters are set to decide whether to quadruple the tax buyers pay on residential and commercial properties in the city. Illinois Realtors plans to lead the fight. Continue reading

Nextdoor CEO: ‘Be there. Post, comment, reply, show up.’

Sarah Friar, speaking at ICNY 2024, shares her take on how agents can use the neighborhood-level social media platform to excel in business and community. Continue reading

In mortgage and finance, high rates are ‘a little bit of a blessing’

Wednesday’s panel at ICNY 2024 says a high interest rate environment will continue driving innovation in the mortgage and finance sector. Continue reading

Workman: Now’s not the time to lose top-producing agents

“Great leaders aren’t hired; they’re developed,” the real estate coach said at ICNY 2024, adding that brokerages who don’t nurture great agents will lose them. Continue reading