Cooling rental market means more concessions for renters: Zillow

A 50-year high in multifamily building starts and completions has led to cooling rent growth and better leases for renters. In July, 33.2 percent of rentals on Zillow included concessions — a 23 percent increase from 2023. Continue reading

NAR membership rebounds ahead of Aug. 17 settlement deadline

More agents are joining the National Association of Realtors ahead of the approaching Aug. 17 deadline for Realtors and MLSs to implement policy changes. Continue reading

The market is harder for millennials than it was for boomers: Report

A new report in “The Wall Street Journal” found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today. Continue reading

Realty One Group scoops up Florida indie MVP Realty

MVP Realty CEO Derek Carlson said moving to Realty One Group will bring agents a variety of upgrades while leaving his company’s core values intact. Continue reading

Miami investors lose another hotel to foreclosure auction

In the same week that the investment firm lost the Waldorf Astoria in Washington, D.C., to a foreclosure auction, CGI Merchant also had to let go of the Gabriel Miami Downtown in a foreclosure auction to an affiliate of Madison Realty Capital. Continue reading

From fringe to forefront? What agent ‘steering’ will look like now

A survey of hundreds of real estate agents suggests that “steering” based on commissions used to be rare. After the Aug. 17 deadline, it may become ubiquitous — but with buyers in the driver’s seat. Continue reading

Why you probably shouldn’t open a real estate brokerage

The wisest thing you can do is learn from the mistakes of others, especially when it comes to long-term career decisions that are hard to reverse, Mainframe founder and CEO Sean Frank writes. Continue reading

Can you survive the squeeze from 2% commissions? The Download

The Consumer Federation of America raised eyebrows and hackles with its advice to pay only the equivalent of a 2 percent commission for both real estate purchases and sales. Continue reading

Investors bullish on Blend on Q2 earnings and revenue beat

Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders. Continue reading