Foreign buyer property purchases in the US rose 33% from last year

Chinese and Canadian buyers make up the largest portion of international buyers. The median purchase price for foreign buyers also hit a new record high at $494,400, according to a National Association of Realtors report. Continue reading

Why high-end buyers are still spending big on luxury real estate

Wealthy consumers are looking for houses as they seek strategic investments and relative safety amid tumultuous times Continue reading

How to get buyers to sign a buyer-broker agreement (and actually thank you for it)

A signed agreement doesn’t hold a buyer hostage; it’s a tool that explains your duties and obligations to them. Broker Holly Brink tells you how to position it with confidence and clarity. Continue reading

Portal wars field a new fighter — backed by the country’s largest news publisher

Mysterious newcomer plans to generate buyer and seller leads quickly after teaming up with Gannett Company to display listings across its news sites. Continue reading

Judge whittles down Howard Hanna real estate commission lawsuit

No evidence of “horizontal agreement” among real estate brokerages to inflate commissions, but judge will hear arguments alleging a “vertical antitrust conspiracy” with NAR. Continue reading

Opendoor reaches $39M settlement in pricing algorithm suit

IBuyer Opendoor on Friday agreed to pay $39 million to settle a federal securities class-action suit that accused the real estate tech company of misleading investors about its homebuying algorithm. Continue reading

Broker Spotlight: Holly Brink, My Real Estate Company

Find out how this broker across four states has launched and where she and her agents are headed as they embrace the future. Continue reading

Chimera boosts non-QM presence with HomeXpress acquisition

The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading

Real estate AI firm Shilo raises $2.6M in seed round

Shilo makes a virtual assistant meant to boost real estate agents’ productivity. The cash infusion comes as interest in artificial intelligence soars. Continue reading

NAR overturns ‘no-commingling’ rule in Executive Committee vote

The committee opted to rescind the controversial “no-commingling” policy on Wednesday, one day after NAR’s Multiple Listing Issues and Policies Committee voted to scrap it amid DOJ scrutiny. Continue reading