EXp not ‘doing broker-to-broker compensation’ — with caveats

A much-discussed listing agreement update reflects upcoming NAR rules, but doesn’t bar sellers from offering compensation to buyers’ agents. Continue reading

Cornerstone staffs up to grow servicing, builder partnerships

Seven executive hires in 2024 include Dana Abernathy, who will expand the company’s servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships. Continue reading

Palm Beach, a suburb? Not likely, residents say

Residents were taken aback when GoBanking.com recently categorized the luxury haven as a “suburb.” Local agents agree that Palm Beach is “a category by itself.” Continue reading

CoStar puts former Realtor.com editor on leave amid lawsuit

CoStar Group has put former Realtor.com News and Insights editor James Kaminsky on leave in response to Move’s objections to sharing confidential information amid its trade secrets lawsuit. Continue reading

Falling mortgage rates have yet to translate into pricier home sales

Applications for purchase mortgages dropped last week for the second week in a row as rising home prices continue to shut many would-be homebuyers out of the market. Continue reading

Court revives antitrust claims against NAR in pocket listing suit

Judge says Top Agent Network “adequately alleged” NAR’s Clear Cooperation Policy is a “group boycott.” Meanwhile, NAR signals it may be open to repealing the rule. Continue reading

Housing inventory is roaring back to life. So why aren’t new listings?

Inventory is rising again, according to an analysis of housing data. But agents are still scrounging. Hundreds of brokers and agents shared what’s working in the latest polling from Inman Intel. Continue reading

Homes are sitting on the market longer amid high costs: Redfin

Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020. Continue reading