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Can Kevin Sears put NAR back on a firm footing? The Download

USA Real Estate News-Inman - Sat, 2024-08-03 04:00
NAR President Kevin Sears sat down at Inman Connect Las Vegas with Clelia Warburg Peters to talk about the trade group's past and future, including a return to advocacy and transparency.

Victims awarded $12M in flipper scheme repped by HGTV stars

USA Real Estate News-Inman - Fri, 2024-08-02 15:40
The Federal Trade Commission (FTC) is distributing $12 million in payments to customers caught in a real estate house-flipping scheme operated by Zurixx, LLC.

Zillow finalizes lawsuit settlement with ARMLS, Metro MLS

USA Real Estate News-Inman - Fri, 2024-08-02 13:55
Residential portal behemoth Zillow has settled its antitrust lawsuit against Arizona Regional Multiple Listing Service, Multiple Listing Service, Inc., over discontinuing its integration with ShowingTime+ in favor of MLS Aligned's listing platform.

Broward, Palm Beaches & St. Lucie REALTORS® License Campaign to Newly Merged Tampa Association

USA Real Estate News-RISMedia - Fri, 2024-08-02 13:54

Broward, Palm Beaches & St. Lucie REALTORS® announced the licensing agreement of their award-winning Only a REALTOR® campaign’s Box of Memories commercial with the recently merged Greater Tampa REALTORS® and Pinellas/Central Pasco REALTOR® Association.  “It takes a collective effort and investment to influence change on such a grand scale, and this licensing partnership continues our…

The post Broward, Palm Beaches & St. Lucie REALTORS® License Campaign to Newly Merged Tampa Association appeared first on RISMedia.

A New Designation for the New Rules of Real Estate Engagement: Introducing the Certified Full-Service Professional

USA Real Estate News-RISMedia - Fri, 2024-08-02 13:40

Above, Brian Buffini Forget everything you knew about how real estate worked in the past. That was then, and this is now. Gone are the days of real estate being an easy living to earn quick cash for minimal effort. Economic shudders compounded by recent court rulings and a landmark legal settlement on how real…

The post A New Designation for the New Rules of Real Estate Engagement: Introducing the Certified Full-Service Professional appeared first on RISMedia.

NAR Announces 2025 Leadership Academy Class

USA Real Estate News-RISMedia - Fri, 2024-08-02 13:34

The National Association of REALTORS® has announced the roster of its 2025 Leadership Academy class. Twenty REALTORS® from across the country have been chosen to participate in the 10-month program, which will prepare emerging state and local volunteers for future leadership positions at NAR. “The Leadership Academy develops and prepares upcoming leaders to help shape…

The post NAR Announces 2025 Leadership Academy Class appeared first on RISMedia.

Mortgage Mix: Incoming Rate Cut Reflected in Recent Data

USA Real Estate News-RISMedia - Fri, 2024-08-02 13:19

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. – The Federal Reserve announced that they are continuing to keep rates steady and are again making no changes at the latest FOMC meeting on Wed., Aug. 31. Inflation has cooled, however it is yet…

The post Mortgage Mix: Incoming Rate Cut Reflected in Recent Data appeared first on RISMedia.

Patrick Carroll makes LA court appearance amid felony charge

USA Real Estate News-Inman - Fri, 2024-08-02 13:01
Carroll appeared before LA Superior Court judge Francis Bennett II following his July 1 arrest by LAPD and agreed to waive his rights to be present for court dates in the future.

Despite a $20M Q2 Settlement Payment, Anywhere Says ‘Strong Results’ Position Firm for Continued Success

USA Real Estate News-RISMedia - Fri, 2024-08-02 12:44

In a second quarter earnings call Aug. 1, Anywhere Real Estate reported $30 million in profits for the quarter, reversing a downward trend over the last few quarters to post an $11 million increase from the same period last year. Revenue remained relatively flat YoY, with $1.669 billion reported, a slight decline over last year’s…

The post Despite a $20M Q2 Settlement Payment, Anywhere Says ‘Strong Results’ Position Firm for Continued Success appeared first on RISMedia.

Mortgage rates are in free fall on a triple whammy of economic news

USA Real Estate News-Inman - Fri, 2024-08-02 12:29
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds.

Opendoor CEO Says Commissions Already Falling Ahead of Settlement Changes

USA Real Estate News-RISMedia - Fri, 2024-08-02 12:27

Yesterday, Opendoor, the largest and oldest iBuyer, announced its financial results for the second quarter of 2024, also addressing recent settlements and the impacts on buyer agents and sellers. In the wake of recent settlements, investors asked Opendoor CEO Carrie Wheeler about the impact on the company as a result of new buyer agent contracts…

The post Opendoor CEO Says Commissions Already Falling Ahead of Settlement Changes appeared first on RISMedia.

Average buyer’s agent commission has fallen since NAR settlement

USA Real Estate News-Inman - Fri, 2024-08-02 11:35
Redfin's latest report revealed the average buyer's agent's commission percentage has declined in 47 of the 50 largest markets since the National Association of Realtors' March settlement. However, robust home prices have yielded small gains in commission dollar amounts.

Unemployment Rises in July, Experts See Hope on Horizon

USA Real Estate News-RISMedia - Fri, 2024-08-02 11:24

The U.S. added 114,000 jobs in July, below the average monthly gain of 215,000 over the prior 12 months, according to the latest data from the Bureau of Labor Statistics.  Markets reacted negatively to the news, with all three domestic indices down over 2% at around midday Friday. The unemployment rate rose slightly, up 0.2%…

The post Unemployment Rises in July, Experts See Hope on Horizon appeared first on RISMedia.

NYC developer, wife part ways with Greenwich Village home for $21.5M

USA Real Estate News-Inman - Fri, 2024-08-02 11:14
The multi-family residence sold on July 31 for $21.5 million. The couple purchased the home in 2011 for $12.7 million. 

How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

USA Real Estate News-Inman - Fri, 2024-08-02 10:35
For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported.
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