Top 10% of agents control nearly half of all listings as pay gap widens

Top agents are winning a greater share of listings in the wake of NAR’s commission settlement last year, with high-performers holding 42.64 percent of all listings, new data from tech firm Relitix shows. Continue reading

Concierge Auctions launches new division focused on luxury condos

The division with an emphasis on new development is led by new dev marketing vets Louise and Paul Sunshine and will provide developers and financial institutions with an alternative to the traditional sales market. Continue reading

Top Freddie Mac, FHFA executives dismissed in latest shakeup

Among those dismissed were Freddie Mac CEO Diana Reid and Head of Human Resources Dionne Wallace Oakley. FHFA COO Gina Cross and HR Director Monic Matthews were placed on leave. Continue reading

BuildOps $127M Series C advances AI construction software

Commercial construction technology company BuildOps has arrived at “unicorn” status — a valuation of $1 billion — upon closing a Series C round of funding totaling $127 million. Continue reading

Existing-home sales rebounded in February amid inventory uptick

As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2 percent. Continue reading

Bass weighs pause of ULA Tax as wildfire recovery continues

Los Angeles Mayor Karen Bass seems to be warming up to the idea of pausing the controversial ULA Tax as the city recovers from destructive wildfires, but it is unclear how she could do it. Continue reading

DOJ raises concerns with Nosalek settlement in latest court filing

A Supplemental Statement of Interest filed on Monday by the U.S. Department of Justice argued that the settlement only offers “cosmetic changes” to MLS PIN’s agent compensation rules. Continue reading

Housing starts beat expectations in February but headwinds loom

Privately owned housing starts rose 11.2 percent but still fell behind February 2024 activity, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading

Fetch Agent promises to catch ‘motivated buyers’

Fetch Agent calls itself a “cutting-edge platform that humanizes the house-hunting experience by seamlessly connecting homebuyers directly with buyer’s agents to find their next home.” Continue reading

LA pauses new Section 8 applications amid funding cuts

The Housing Authority of the City of Los Angeles (HACLA) has announced a pause on accepting new Housing Choice Vouchers (HCVs), also known as Section 8 vouchers, which could leave thousands of residents at risk for homelessness, CBS News reported Tuesday. Continue reading