Move’s overall revenue dipped 1 percent between July and September, while revenue from its real estate business — including Realtor.com — dropped 4 percent, according to Q3 earnings data released Thursday. Continue reading
At NAR NXT, panelists Marilyn Wilson, James Dwiggins and Clint Skutchan advised MLSs to make themselves essential without guaranteeing compensation. Continue reading
Move was anticipated by investors that fund most home loans, who have been driving up mortgage rates over concerns about inflation and pace of future Fed rate cuts. Continue reading
Travelers spent $20.1 billion on Airbnb in Q3, a 10 percent increase compared to a year ago, according to earnings results Thursday. Still, a spike in expenses as it seeks to grow overseas cut into profits. Continue reading
Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy, Fannie Mae survey finds. Continue reading
Weichert has reached a settlement in a case known as Hooper, according to new court documents. EXp’s settlement in that case sparked pushback from plaintiffs in a different lawsuit. Continue reading
Plans to eliminate federal income taxes, enact high tariffs and force the Federal Reserve to cut federal funds rates could tank the housing market, economists say. Continue reading
In advance of his retirement from the firm, Lorber allegedly underwent a five-hour-long internal inquiry, Bloomberg reported, during which he disclosed intimate relationships with agents Jennine Gourin and Jessica Cohen. Continue reading
Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year. Continue reading
Revenue, closed transaction volume and net income fell in Q3, earnings data on Thursday shows. But a strong luxury push and October uptick in buyer activity have set the stage for a robust Q4. Continue reading