Homie CEO resigns as flat-fee brokerage lays off more workers

The company is among the most prominent of the upstart flat-fee brokerages that rose in recent years, but will lose cofounder and CEO Johnny Hanna as the market experiences “turmoil.” 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

The agent replied to a fishy email. Then Michael Jackson showed up

Over five years, Zar Zanganeh, then a young agent with Las Vegas Sotheby’s International Realty, nurtured a relationship with the musician until his death in 2009. In the process, he inked deals for Jackson, Brittney Spears and Prince, whom he was aske… Continue reading

WATCH: If marketing properties is your thing, this is your time to shine

A rebalancing market can be painful for agents. But it also presents opportunities for them to show off their marketing prowess, C-suite executives said last month at Luxury Connect. Continue reading

More people moving into drought-prone areas than out: Study

Roughly $17 trillion worth of property analyzed for the study had experienced intense drought in August, up 42 percent from a year earlier when $12 trillion worth of property had experienced it. Continue reading

WATCH: Wealthy homeowners are sticking by their decision to relocate

Wealthier clients who moved cities during the pandemic aren’t itching to go back, even as home demand in their new markets is in decline, panelists said earlier this month at Luxury Connect. Continue reading

WATCH: How will buyer’s agents make money if the DOJ wins?

The ongoing lawsuits and investigation into U.S. industry practices could alter how buyer’s agents make money on the typical home sale, panelists said earlier this month at Inman Connect Las Vegas. Continue reading

WATCH: What’s been going on with real estate tech stocks?

Prominent investors descended on Inman CEO Connect in Las Vegas to discuss recent volatility in real estate tech company values. Continue reading

WATCH: Like it or not, the blockchain is coming to real estate

At Inman Connect Las Vegas earlier this month, executives behind the blockchain company Consortia discussed ways the business of buying and selling real estate could change overnight. Continue reading