MV Realty barred from enforcing 40-year contract in California

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year “homeowner benefit agreements.” Continue reading

On Realtor.com’s hottest ZIP codes list, the Midwest reigns supreme

Affordability and a plethora of amenities vaulted Gahanna, Ohio, to the top of Realtor.com’s 2024 hottest ZIP codes list. ZIP codes in Missouri and Indiana made the list too as out-of-state homebuyers search for a good deal. Continue reading

Bulletproof Ohio home goes under contract after multiple offers

The home was listed for $399,900 over two weeks ago. Listing agent Jon Modene refers to the home as having “the strangest and greatest potential I have ever seen.” Continue reading

Proposed law in Cleveland could take 44% of Airbnbs off the market

The law aims to ban all short-term rentals that have minimum stays of 30 nights and require owners to register their rentals with the city. Continue reading

Ohio multiple listing service MLS Now appoints new CEO

Garry Marsoubian previously held a leadership position at Bright MLS and has experience working with multiple listing services’ data and technology. Continue reading

A Maryland homeowner just filed yet another commission lawsuit

The case is the latest of numerous antitrust lawsuits that have emerged in the wake of the October verdict in Sitzer | Burnett. It names NAR, Compass, Redfin and others as defendants. Continue reading

And the cheapest state to buy a home is…

Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure a… Continue reading

It’s getting harder to make money on a home sale: ATTOM

A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In the first quarter of 2023, the profit margin on a median-priced U.S. home was 44.2 percent. Continue reading

EXp picks up top-performing teams from Keller Williams, RE/MAX

The Incorvaia Team and the Ige Johnson Group are the latest in a long string of teams to jump ship for the virtual brokerage. Continue reading