Spencer Pratt and Heidi Montag sue LA over fires, water shortage

The reality TV stars along with 21 others are suing the city for its failure “to properly construct, inspect, maintain and operate its water supply system,” which, they allege, led to the loss of their home in the Palisades fire. Continue reading

71% of real estate agents didn’t close any deals last year

At Inman Connect New York, Redfin’s Joe Rath broke down the views of active agents in the industry, who make up less than a third of all Realtors. Continue reading

Venture capitalists: Proptech founders need tenacity

At Inman Connect New York, a group of VCs agreed that every new company wanting money needs a leader with the courage to bleed for their company. Continue reading

Elliman’s Michael Liebowitz says the brand is all about ‘expertise’

The new CEO and chairman of Douglas Elliman made his debut on the Inman Connect New York stage on Friday, sharing his big ideas for how the brand plans to be an industry disrupter while maintaining its reputation as a leader in luxury. Continue reading

Former HUD Secretary: We need big ideas on affordable housing

At her first ICNY appearance, former HUD Acting Secretary Adrienne Todman talked about missed opportunities to improve inventory and why it’s will — not funds — keeping the U.S. from solving the affordable housing crisis. Continue reading

Nykia Wright vows transparency, turnaround as NAR chief executive

During her first appearance at an Inman Connect event, Wright said she previously brought another entity back “from the brink of extinction and irrelevance” and will now do the same at NAR. Continue reading

Economists no longer expect big drop in mortgage rates this year

Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines. Continue reading

Leads, conversions and value amid the portal wars: DelPrete

Despite arguments about traffic, industry expert Mike DelPrete writes, the bottom line for the portal wars comes down to revenue. Continue reading

Real estate lawyers take big stand against agent commission sharing

CRMLS General Counsel Ed Zorn and Leading Real Estate Companies of the World Chief Legal Officer Jessica Edgerton warned agents not to fall back on old practices, like sharing commissions. Continue reading