REX loses appeal in long-running lawsuit against NAR, Zillow

Judges rule the now-defunct real estate brokerage did not provide evidence of “concerted action” between NAR and Zillow and that the no-commingling rule was “in fact” optional. Continue reading

Florida housing market hits record inventory, Redfin says

Florida wrapped up the first month of the year with a record-breaking number of homes for sale, according to Redfin’s latest data analysis. At the end of January, there were 172,209 homes on the market, the most Florida has ever seen. That’s a 22.7 per… Continue reading

Homebuyers gain leverage as sellers cut prices: Zillow

Prospective homebuyers have a better shot at securing a dream home as sellers continue to lower listing prices, according to a recent analysis by Zillow. Despite persistently high mortgage rates, buyers are capitalizing on these price reductions to neg… Continue reading

Inventories on track to normalize in 40% of US markets this year

After growing by 22 percent last year, inventory is “a bright spot for a market that’s been dealing with deep deficits in recent years,” according to ICE Mortgage Monitor report for February. Continue reading

Climate change reshapes real estate, putting $1.5T in value at risk

Climate change has shaken up the U.S. real estate market, with buyers no longer simply seeking better quality of life or affordable housing — but also considering climate risks before purchases. Continue reading

6 Engel & Völkers shops become Engel & Völkers First Coast

The name change to unify the six shops across the northeast Florida region comes on the heels of franchisee Corey Hasting opening two new locations in Ponte Vedra Beach and San Marco. Continue reading

United Real Estate expands reach with new Jacksonville acquisition

The deal brings 400 new agents into the network and will see the Jacksonville, Florida, brokerage operate under the new name United Real Estate Gallery and retain all current leadership. Continue reading

Homebuyers in these US cities are backing out of deals at a higher rate

Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest. Continue reading

Rental investing platform Mynd sees opportunity outside Sun Belt

Single-family rental investor platform expands to Indianapolis, Jacksonville and Nashville, bringing total footprint to 25 markets. Continue reading

Home values jumped 31.4% in 2021, adding $9.1T in value

A new report also shows that rural homes, condos and the Sun Belt all fared particularly well during the last year. Continue reading