Developers are lining up to buy in on Altadena’s burned out lots

A wave of “Altadena Not for Sale” signs dot the yards of fire-scarred properties as a plea to preserve the communities that have been lost in January’s Eaton fire. Behind the signs, a different reality is unfolding — Altadena is for sale, and develope… Continue reading

Compass scoops up Seattle luxury agent Brian D. Hopper

Hopper previously worked at Sotheby’s, and also spent many years working professionally as a firefighter. He joins Compass at a time of growth for the brokerage. Continue reading

Luxury home values have hit $1.8M, bucking the spring slowdown

A new report from Zillow shows that luxury home values rose 2.7 percent over the past year, with the typical luxury home now valued at around $1.8 million. In some high-demand cities, like New York, Los Angeles, San Diego and San Francisco, luxury home… Continue reading

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