What real estate executives think of NAR’s pocket listing policy

In light of the growing attention on NAR’s proposal to ban pocket listings, Inman reached out to executives from major real estate firms across the U.S. to find out where they stand. Continue reading

Redfin launches in new markets in Tennessee, Georgia, Kentucky

Consumers in Savannah, Chattanooga and Northern Kentucky will now be able to search for homes on Redfin.com, as well as use the brokerage’s agents. Continue reading

Top listing site Movoto nabs $8M to build on company turnaround

Movoto Real Estate, the operator of one of the most popular real estate sites and a fast-growing brokerage, has raised $8 million to build on what its CEO cast as a dramatic turnaround over the last two years. Continue reading

Agents skeptical that taking hourly rates could work

In an effort to figure out if hourly rates would actually work for agents and their clients, Inman reached out to a number of real estate professionals. Most were open to the idea of alternative compensation models. Continue reading

New report slams agents for lack of transparency around commissions

The Consumer Federation of America has released another scathing report about the real estate industry, this time focusing on an alleged lack of transparency regarding agent commissions and commission splits. Continue reading

8 of 10 consumers prefer to close transactions in person

a new survey from Solidifi, a title and mortgage services provider, suggests otherwise. It found that eight of 10 consumers would prefer to close a transaction in person. The result suggests that it may be a while before “e-closings” become the norm, i… Continue reading

46% of homeowners say rising home prices have made life worse

According to a Redfin survey of 3,000 Americans who bought or sold a home in the last year, 46 percent of respondents say rising home prices have made their lives worse. Continue reading

Opendoor launches in Salt Lake City

Opendoor, the well-funded and market-leading iBuying startup, announced Tuesday that it has launched operations in the Salt Lake City, Utah, area. Continue reading

Major Midwest MLS throws support behind NAR’s pocket listing policy

Midwest Real Estate Data implemented its own pocket listing rule years ago, and now it supports a similar policy that would put the kibosh on off-market listings everywhere. Continue reading