US home prices rose in 90% of metro areas in Q3, NAR says

Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year. Continue reading

Secret Service agent sold homes to subordinates — they got promoted

Alfonso M. Dyson moonlighted as a real estate agent in Annapolis, Maryland, while he was second-in-command of the Secret Service’s uniformed division. After he was promoted to chief, his subordinates who had done real estate business with him were also… Continue reading

DOJ’s data sharing statement has implications for MLSs, associations

The DOJ’s recent statement, made in relation to a lawsuit against pork producers, notes that the sharing of information among competitors could violate antitrust law “even without proof of an agreement to fix prices.” Continue reading

Mauricio Umansky launches live coaching network for real estate

Weekly sessions that will take place on Fireside will provide established and aspiring real estate pros access to Umansky’s mentorship and coaching with a focus on entrepreneurship and sales
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Sound off on Clear Cooperation ahead of NAR committee meeting

WAV Group is seeking feedback from agents on the fate of the policy in a new survey ahead of the National Association of Realtors’ Emerging Issues Advisory Board committee meeting Sept. 12-13. Continue reading

Treasury finalizes new rules for luxury cash sales reporting

Treasury Secretary Janet Yellen said the new reporting rules will “close critical loopholes in the U.S. financial system” that had allowed criminals to launder money through all-cash residential real estate transactions. Continue reading

Agent safety startup Tether RE wins 2024 NAR Pitch Battle

Tether RE’s platform includes 24-hour safety monitoring, client verification, SOS alerts, proximity safety times and fall and crash alerts. Agent social MLS app Tuesday won Crowd Favorite. Continue reading

DC-area title companies settle agent steering scheme with AG

DC Attorney General Brian Schwalb found that four title companies gave financial and other perks to real estate agents in return for homebuyer referrals. The companies have agreed to pay $3 million. Continue reading

Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling

San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2 million in 2Q for the first time since the National Association of Realtors began tracking home prices in 1979. Continue reading

Corcoran HM Properties acquires Property Shop International Realty

The acquisition will allow Corcoran HM Properties to expand into the coastal market of Wilmington. The firm’s combined footprint now spans more than 160 agents across six offices in North and South Carolina. Continue reading