Minnesota latest to sue MV Realty over ‘immoral and illegal’ contracts

Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling “contracts with oppressive terms.” Continue reading

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

Corcoran Sawyer Smith enters Pennsylvania with new acquisition

With the acquisition of Weidel Real Estate, the Corcoran Group franchisee is adding approximately 180 agents and seven new offices to its ranks, as well as moving into Pennsylvania. Continue reading

Engel & Völkers expands into new Pennsylvania markets

The luxury brokerage has entered Pittsburgh and Sewickley, marking its third new location in the Great Lakes Region so far this year. License Partner Elias Pappan is leading the new shops. Continue reading

Luxury home purchases hit record low as buyers eye other investments

Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say. Continue reading

Inman’s 2022 Person of the Year: The Howard Hanna family

Three generations of Hannas have grown the family business from a small mom-and-pop brokerage into a juggernaut with 15,000 agents and 400 offices. Continue reading

Flat-fee brokerage Houwzer acquires rival Trelora

The acquisition will expand the company’s footprint to 14 states. The deal also comes amid a challenging time for the real estate technology sector. Continue reading

Jake Lipton’s team leaves RE/MAX Premier for Coldwell Banker

Led by team leader Jake Lipton, a team of 14 agents, who represented $51 million in sales volume in 2021, will move over to the Wilmington, Delaware, office of Coldwell Banker. Continue reading