REBNY leads 1,500 NYC agents at rally in opposition to broker fee bill

REBNY members on Wednesday demonstrated against the FARE Act, a bill that would require rental property owners to cover the cost of broker fees, rather than pass them off on tenants. Continue reading

Fed cool on rate cuts despite encouraging May inflation report

Policymakers now envision making just one rate cut this year, but investors who fund most mortgages are still betting the central bank will change its tune if inflation continues to ease. Continue reading

Gitcha leverages proposed NAR settlement to bolster buyers

A new company called Gitcha has launched which prioritizes an active buyer’s needs in the same way a portal advertises available listings. It’s active in the greater Phoenix MSA, including Scottsdale. Continue reading

Sean Hannity parts ways with Long Island home for $12.7M cash

The conservative talk show host put the property on the market in May, and it went under contract within one week after receiving four offers. A fan reportedly purchased the home, as well as its furniture and books from the library. Continue reading

Local Logic helps power Lundy’s Finding Homes voice search

Local Logic, the community and market insights marketing solution, will be working with Lundy, an AI-derived voice search option for the visually impaired. Continue reading

Proposed DOJ ban on commission offers against the law, MLS says

MLS PIN on Monday urged a district court to reject the Department of Justice’s arguments against a settlement with homeseller plaintiffs in the Nosalek antitrust commission case. Continue reading

Newrez laying off nearly 500 workers after Rithm acquisitions

Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending. Continue reading

Oren Alexander steps down from Official in wake of rape allegations

The luxury firm co-founder announced his resignation via Instagram days after news broke that he and his brother, Alon Alexander, had been named as perpetrators in two lawsuits alleging rape. Continue reading