First-time homebuyers fell further behind this year, NAR says

The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report. Continue reading

Judge rules in favor of Serhant over KW Black Label in recruitment suit

Pennsylvania judge Paula Patrick ruled against Keller Williams BlackLabel and in favor of Serhant, whose eponymously named brokerage expanded into Philadelphia’s luxury market in 2023. Continue reading

Howard Hanna expands with acquisitions in Ohio, South Carolina

Country’s largest family-owned brokerage adds new partnerships in Dayton, Ohio, and Hilton Head, South Carolina. Big Hill and The Alliance Group Realty joined Howard Hanna this week Continue reading

EXp Realty updates agent revenue share model amid recruitment bid

Starting Nov. 1, eXp agents will have access to new revenue streams, especially those who reach the virtual brokerage’s ICON status, eXp World Holdings CEO Glenn Sanford said at eXpcon Miami. Continue reading

EXp Realty’s $34M settlement is a ‘sweetheart deal’: Gibson plaintiffs

Lawyers filed motions Tuesday arguing eXp’s decision to come to a settlement in the commission lawsuit through a “reverse auction” should compel the brokerage to return to the bargaining table. Continue reading

Meet the stubborn homeseller dead set on making his FSBO work

Robert Kramer listed his home for sale without using an agent three years ago. The price is $200,000 above some estimates. He raises it $3,600 every month and is still waiting for the right buyer. Continue reading

NAR asks court to dismiss lawsuit filed by discount brokerage Homie

Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot. Continue reading

In its effort to add more supply, Airbnb rolls out co-hosting feature

Short-term rental leader keeps its sights set on lowering barriers to entry for people who might be interested in offering their homes on Airbnb. Continue reading

Realtor.com CEO Damian Eales urges caution on Clear Cooperation

Eales said the U.S. model of cooperation remains the gold standard — but declined to take a stance on NAR’s policy. “Beware what you wish for,” he said on Wednesday at Inman Connect Austin. Continue reading

EXp agrees to pay $34M to settle antitrust commission lawsuits

The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions. Continue reading