Pending home sales down annually for 17th straight month

The Pending Home Sales Index ticked up from April to May by 1.1 percent but remains 0.7 percent below 2018 levels. Continue reading

New York real estate board names new president

John Banks, the five-year president of the Real Estate Board of New York (REBNY) announced today that he’s retiring to spend more time with his family and pursue philanthropic interests. Jim Whelan, the current executive vice president has been confirm… Continue reading

Bombshell suit against real estate firms could get even bigger

Three additional plaintiffs have been added to a lawsuit involving the sharing of commissions between listing and buyer brokers. Continue reading

Commission is negotiable: Why your sellers deserve to know

There seems to be a misconception about the rules surrounding negotiating commission and the Code of Ethics. I reached out to the National Association of Realtors to clear it up. Here’s the truth. Continue reading

Chicago-based Midwest Real Estate Data brings on Remine

The multiple listing service is the latest to provide its subscribers with Remine Enterprise Pro, a new offering that allows MLSs to give all their agents access to Remine’s entire suite of services. Continue reading

Existing-home sales bounce back, post gains in all regions

Existing home sales enjoyed a 2.5 percent month-over-month bump from April to May, according to the latest data from the National Association of Realtors. Continue reading

NAR’s tech accelerator REACH goes global

REACH — which first launched in 2013 and is part of NAR’s Second Century Ventures investment fund — has worked with dozens of companies over the years including House Canary, BoxBrownie and BombBomb. The goal is to provide promising new companies with … Continue reading

Naked data under the stars: A real estate love story

Industry data is often masked in layers of cosmetic “enhancements” and workarounds. It presents relationship problems when agents, brokers and MLSs aren’t looking at the same picture. Innovative technology companies are swooning for the powerhouse data… Continue reading

Bombshell lawsuit takes a new turn

The bombshell lawsuit that could upend the U.S. real estate industry has been amended, adding more plaintiffs and defendants and emphasizing the role commissions play in steering buyers and raising costs for sellers. Continue reading

Largest NorCal multiple listing service hit by cyberattack

MetroList, the largest multiple listing service in Northern California, was hit by a cyberattack this week, leaving its more than 20,000 agent and broker subscribers without a fully-functioning MLS for a day and a half and counting. Continue reading