Mistake halts California warehouse project — after demolition of homes

More than 100 homes have already been razed to make room for shipping warehouses. But a judge last week ruled that the county violated environmental regulations when it approved the project. Continue reading

MV Realty loses Colorado license in latest setback over contracts

The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as “predatory.” Continue reading

More and more homes are languishing on the market

In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales. Continue reading

Compass agent Matt Holm thrives along backbone of the US economy

Holm, who leads the Holm Team in Austin, has leaned into the city’s burgeoning tech industry, and he’ll share his insights on Silicon Valley’s emergence in Texas at Inman Connect Austin next month. Continue reading

MV Realty barred from enforcing 40-year contract in California

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year “homeowner benefit agreements.” Continue reading

California MLS MetroList debuts AI-based voice search

The search platform is already live on the multiple listing service’s website and comes amid a growing interest in using artificial intelligence to improve consumer home searches Continue reading

Karlie Kloss, Joshua Kushner make waves with $29.5M Malibu home

The supermodel and her husband are the proud new owners of the iconic $29.5 million Malibu, California, “Wave House,” sold for the first time in 36 years. Continue reading

‘Business as usual’: Hiccups but few calamities as NAR rules roll out

New National Association of Realtors rules kicked in Saturday. By Monday, agents said they were fielding questions from clients, among other hurdles, but not seeing widespread chaos. Continue reading

$1M homes hit all-time high in US

A record 8.5 percent of all U.S. homes are worth $1 million or more, up from 7.6 percent last year and 4 percent before the pandemic, according to a new Redfin analysis. California is adding them faster than other states. Continue reading

California Association of Realtors taps Phil Hawkins as new CEO

Hawkins had been working as the CEO of the Pacific West Association of Realtors in Southern California and will now lead C.A.R. during a challenging time for the industry, Continue reading