After setbacks, Better goes public with plan to scale ‘greater heights’

Following six merger adjustments over two years, Better will go public Thursday with $565 million in new funding and plans to “aggressively” partner with agents as it builds its mortgage production team. Continue reading

Court rules Zillow falsely labeled REX listings as case heads to trial

Despite the ruling, Zillow said it looks forward to presenting its case to a jury and is “confident that the evidence will show that REX’s business failed for reasons unrelated to Zillow.” Continue reading

Redfin’s return to office shows unique stress for US office market

Experts expect U.S. companies to adjust remote work policies in the coming 6-12 months as the office market suffers. “Our cultures are different around work-life balance,” said CBRE’s Julie Whelan. Continue reading

Kmart down to 2 locations, including 1 in haughty Hamptons

The town of Bridgehampton, where the median home price is $3.8 million, is home to one of just three remaining Kmarts. Soon it will be one of two, according to reports. Continue reading

REX antitrust claims against NAR and Zillow dismissed with prejudice

The case is currently set for trial on Sept. 18, but the National Association of Realtors is no longer a defendant, according to a court order. Some claims against Zillow remain. Continue reading

Housing starts inch up in July as builders scramble to meet demand

Housing starts increased 3.9 percent between June and July to a seasonally adjusted annual rate of 1.45 million units, according to data released Tuesday by the U.S. Census Bureau. Continue reading

Gary Keller cites commission probe in pep talk touting agent happiness

“I’m happy. Screw ’em,” the Keller Williams co-founder told agents Tuesday at his Mega Agent Camp event, referring to antitrust suits involving commissions in which the brokerage is named. Continue reading

Real estate heroes come to rescue after suffering losses in Maui fires

Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces. Continue reading

Real estate investors believe the worst may be in the rear view

The outlook is mixed, but “it does look like prices may have bottomed out and are on their way back up,” said CJ Patrick Company CEO Rick Sharga. Continue reading

Industry rallies to work around ongoing Rapattoni cyberattack

A ransomware attack was unleashed last Wednesday, Aug. 8, on Rapattoni, a prominent software and property data provider for the real estate industry. The attack is ongoing, according to reports. Continue reading