Resources

Rates ease as Fed says it will dial back balance sheet tightening

May 1, 2024

Federal Reserve policymakers say they'll slow the pace of "quantitative tightening" to $40 billion a month, less than half the pace envisioned 2 years ago.

Faith in NYCB restored, but worries about some regional banks remain

May 1, 2024

Wall Street investors believe promises made by new leadership of New York Community Bancorp, but concerns about the impact of interest rates and commercial lending on regional banks remain.

Hyatt, Hilton among those accused of price-fixing in new antitrust suit

May 1, 2024

A lawsuit filed last week in California alleges the hotel industry engaged in illegal price-fixing using AI software.

EXp sees revenue rise, but agent count dips again in Q1

May 1, 2024

The company earned $943 million in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780.

Growth in residential, rental and mortgage segments lift Zillow in Q1

May 1, 2024

Zillow tallied growing revenue while stabilizing losses in the first quarter of the year as the reigning search portal narrowed in on its post-commission settlement strategy on Wednesday.

Ex-eXp agent at center of sex lawsuit sues for defamation

May 1, 2024

Michael Bjorkman wants more than $20 million. He says founder Glenn Sanford defamed him when discussing 'bad actors' and jail time on an earnings call.

Largest minority and women-owned brokerage in US joins Real

May 1, 2024

The Atlanta-based Village Premier Collection, led by Cheri Benjamin, has joined Real under its Private Label program. The company has roughly 500 agents and closed $665 million in sales in 2023.

More agents plan to switch brokerages in the coming year

May 1, 2024

Stronger lead generation systems and commission structures are driving more agents to consider switching their brokerage affiliations in the coming year, according to Coldwell Banker Real Estate's annual Agent Priorities Report published on Wednesday. In the survey of 1,500 agents, 39 percent said they plan to switch brokerages. That's a 56 percent increase from 2023 when 25 percent of agents said the same thing.

Local Logic fine-tunes home search with new NeighborhoodMatch tool

May 1, 2024

The local intelligence company's latest tool automatically surfaces locations for homebuyers based on the homes they're already scrolled, offering an alternative to traditional search tactics.

Inaugural class of Inman Future Leaders in Real Estate revealed

May 1, 2024

The class of 45 honorees represents the real estate industry's brightest achievers under the age of 40. Future Leaders is the latest addition to Inman’s growing industry-leading awards program.

NAR clarifies when a buyer contract will be required under settlement

May 1, 2024

In an email, the 1.5-million member trade group specified when agents would have to have signed written agreements with buyers, but stressed NAR would not dictate the agreements' terms.

Local Logic fine-tunes home search with new NeighborhoodWatch tool

May 1, 2024

The local intelligence company's latest tool automatically surfaces locations for homebuyers based on the homes they're already scrolled, offering an alternative to traditional search tactics.