Author Archives: Taylor Anderson

Rent is falling fastest in markets that added the most new supply

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Rent is now 0.7 percent lower for one-bedroom rentals nationwide than it was a year ago, but not in all markets, new report shows. Continue reading →

RE/MAX CEO Nick Bailey exits as company revenue falls again in Q4

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RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president. Continue reading →

Matterport pulled in $158M last year, up 16% despite $65.8M loss

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The company said it expects to grow total revenue 19 percent to 22 percent this year as it continues its expansion as an industry leader. Continue reading →

DOJ to Nosalek judge: Broker commissions should be decoupled

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The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker’s commission directly. Continue reading →

Meet the brokerage getting ahead of the post-Sitzer commission rush

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DeLeon Realty in Silicon Valley began advertising commissions of 3.5 percent or less for homesellers who choose to work with the firm. The marketing push appeared in the mail and social media this week. Continue reading →

Airbnb earned $10B last year, more than double pre-pandemic

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The company earned $9.9 billion in total revenue for the year, nearly half of which was company profit. That is more than double the total revenue the company earned in 2019, before the pandemic upended travel. Continue reading →

Utah homeseller files commission lawsuit against NAR, 13 others

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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 →