Here’s why indies are stoked about the Compass-Anywhere deal

Most indie brokers Inman spoke with as news of the Compass and Anywhere transaction unfolded on Monday felt that the brokerages becoming one huge entity would make the indie experience even more attractive to agents. Continue reading

Mortgage rates hit 10-month low, spurring lower monthly payments

The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage. Continue reading

Dwiggins: Zillow understands the consumer better than NAR

In Part 2 of our deep dive convo with James Dwiggins, co-CEO of franchisor NextHome, he accuses Robert Reffkin of “posturing” to pressure MLSs to change rules around private listings. Continue reading

Coldwell Banker nabs Bay Area-based Joe Velasco Group

The team did $180 million in sales volume via 90 transactions last year. Its move to Coldwell Banker comes amid an intense period for agent and team recruiting. Continue reading

Corcoran Affiliates’ Anton: ‘We’re being true to who we are’

At the end of the day, despite differences from market to market, Anton told Inman that affiliates learned that they’re more alike than different — particularly when it comes to serving their clients. Continue reading

Bay Area, NYC buyers drive bidding wars as market shifts loom

A recent Redfin report found that 20.5 percent of homes sold above asking price in February, while 64.2 percent sold below and 15.4 percent sold at their asking price nationwide. Continue reading

Brokerages, portals react to NAR’s decision to save Clear Cooperation

Executives mostly applauded NAR’s decision to salvage the policy Tuesday, saying the trade group struck the right balance between reform and preservation. But the change didn’t satisfy everyone. Continue reading

Berkshire Hathaway HomeServices CEO denies Compass negotiations

HomeServices of America CEO Gino Blefari said Thursday night his company isn’t in acquisition talks with Compass. Since then, the brokerage franchise network and Compass have been silent. Continue reading

Compass negotiating to buy Berkshire Hathaway HomeServices

The deal is reportedly nearing the finish line, though the companies have not agreed on final terms. Continue reading

KW nabs high-performing Bay Area Compass team

The Shee Group has done $114.6 million in volume so far this year. The team, led by Renna Shee, has affiliated with a KW market center in Cupertino, California. Continue reading