Parker withdraws suit against Douglas Elliman clawbacks

In May, Elliman requested to move the dispute into an arbitration and provided all relevant agreements to Parker’s claims, according to TRD. Parker withdrew the lawsuit without prejudice, meaning she can refile later. Continue reading

Despite market shift toward buyers, they’re still backing away

Spring typically brings new energy to this housing market, but this year, the momentum is stalling. A flood of sellers has hit the market, but buyers are remaining on the sidelines, new data from Redfin shows. Continue reading

US inventory exceeds 1M homes for first time in 6 years

Metro areas with the greatest gains in inventory are those that continued to build during and shortly after the COVID-19 pandemic, while those that did not still lag behind pre-pandemic levels. Continue reading

NAR overturns ‘no-commingling’ rule in Executive Committee vote

The committee opted to rescind the controversial “no-commingling” policy on Wednesday, one day after NAR’s Multiple Listing Issues and Policies Committee voted to scrap it amid DOJ scrutiny. Continue reading

Costanza Zerbi joins eXp Realty, eyes $100M sales target

Top-producing agent Costanza Genoese Zerbi is bringing her Southern California team, Costanza Genoese Zerbi & Associates, to eXp Realty, along with a bold goal: hitting $100 million in sales volume within a year, the firm announced Wednesday. Continue reading

Commission advances keep some agents afloat while sinking others

Commission advance companies are booming as a lifeline for real estate agents who can’t afford to wait for closing day. While these services offer financial assistance, they often come with costly strings attached. Continue reading

DOJ removes Nosalek settlement objection — with a strong warning

The federal law enforcement agency withdrew objections to a fourth proposed settlement between plaintiffs and MLS PIN Tuesday, but cautioned that the MLS was not immune to future legal action. Continue reading

Closing consistency drives launch of Goby Homes

Goby Homes officially launched its flagship product designed to center transaction management around better communications and transparency. Continue reading

Tinka Ellington Group joins Compass after a decade at Elliman

After more than 10 years with Douglas Elliman, Tinka Ellington and The Tinka Ellington Group have made the move to Compass, the brokerage confirmed to Inman. The Tinka Ellington Group, based out of Boca Raton, Florida, specializes in luxury and waterfr… Continue reading

Record $700B worth of listings on market, but sales are sluggish

U.S. home inventory hit a record $698 billion in April, a 20.3 percent increase from the previous year. However, sales aren’t keeping pace, a new analysis from Redfin shows. While listings are rising, buyer activity remains muted, leaving many homes si… Continue reading