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Hold the Commission Talk: Zillow’s New Touring Agreement Lets Buyers Test the Waters

USA Real Estate News-RISMedia - Tue, 2024-05-21 12:23

Most people want to date before becoming exclusive, and the same goes for hiring a real estate agent, per Zillow. Last month, the company unveiled a short-term touring agreement to get ahead of the buyer-agency agreement stipulation in the proposed NAR settlement—and has now shared additional details with RISMedia. Long-term exclusive agreements from the get-go…

The post Hold the Commission Talk: Zillow’s New Touring Agreement Lets Buyers Test the Waters appeared first on RISMedia.

DOJ Lawyer: No Offers of Compensation ‘Anywhere’

USA Real Estate News-RISMedia - Tue, 2024-05-21 11:41

Antitrust regulators at the Department of Justice (DOJ) appear unsatisfied with the agreement struck between the National Association of REALTORS® (NAR) and plaintiffs in commission lawsuit class-actions, with a DOJ lawyer saying explicitly that they do not want any offers of compensation made by seller agents to buyer agents At a court hearing today in…

The post DOJ Lawyer: No Offers of Compensation ‘Anywhere’ appeared first on RISMedia.

Eklund | Gomes Team: ‘Don’t put all your eggs in one basket’

USA Real Estate News-Inman - Tue, 2024-05-21 11:23
In the past few years, the team has expanded its business deeper into the Miami market and continues to expand across the U.S. to protect itself against market downturns.

U.S. Tappable Equity Reaches Record $11 Trillion

USA Real Estate News-RISMedia - Tue, 2024-05-21 11:23

Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home prices elevated. That’s why U.S. homeowners now have a record $11 trillion in tappable equity as of March, according to the May ICE Mortgage Monitor Report. Home-price growth eased slightly in March by 5.6%, compared…

The post U.S. Tappable Equity Reaches Record $11 Trillion appeared first on RISMedia.

One-third of homes on the market are newly built

USA Real Estate News-Inman - Tue, 2024-05-21 11:07
A new report found that 33.4 percent of single-family homes for sale in the United States during the first quarter were new builds.

One third of homes on the market are newly built

USA Real Estate News-Inman - Tue, 2024-05-21 11:07
A new report found that 33.4 percent of single-family homes for sale in the United States during the first quarter were new builds.

United Real Estate Expands Alabama Operations in Third Merger

USA Real Estate News-RISMedia - Tue, 2024-05-21 10:47

United® Real Estate has announced a merger in its Alabama operations and the expansion of its service footprint. Matlock Realty Group has joined Leading Edge Real Estate Group, growing the brokerage to over 300 agents who are now serving all of Alabama.  This move follows its 2023 merger with Revolved Realty, a release noted. In…

The post United Real Estate Expands Alabama Operations in Third Merger appeared first on RISMedia.

Brad Inman: Real estate is tough in 2024. Focus on the upside instead

USA Real Estate News-Inman - Tue, 2024-05-21 10:31
Inman founder Brad Inman kicked off the inaugural Inman Connect Miami on Tuesday with a heartfelt keynote on friendship, community and optimism amid real estate industry challenges.

Home on private island in Palm Beach sells for record $150M

USA Real Estate News-Inman - Tue, 2024-05-21 09:53
The sale marks a new record for lakefront properties in Palm Beach. Developer Todd Michael Glaser renovated and expanded the estate, at one point marketing it for more than $200 million.

NextHome CEO on the ‘stupidest’ part of the commission settlement

USA Real Estate News-Inman - Tue, 2024-05-21 09:38
James Dwiggins spoke at the inaugural Inman Connect Miami on Tuesday, arguing that clinging to the current status quo when it comes to commissions is a recipe for disaster.

NAR Appeals Circuit Court Decision Allowing DOJ to Restart Investigation

USA Real Estate News-RISMedia - Tue, 2024-05-21 08:37

The National Association of REALTORS® (NAR) is appealing a recent court decision that allowed federal antitrust investigators to re-open their inquiry into real estate rules and practices, making another push to stymie potential further efforts by regulators to alter policies foundational to the industry. Filed late yesterday in the D.C. Circuit Court of Appeals, NAR…

The post NAR Appeals Circuit Court Decision Allowing DOJ to Restart Investigation appeared first on RISMedia.

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