Rechat has announced the launch of AI Memo, a built-in conversation intelligence tool designed to capture, transcribe and structure client interactions across the real estate workflow, aiming to help agents improve follow up and identify missed opportunities. The feature is now available to all Rechat users at no additional cost. AI Memo enables agents to…
The brief moment of lower mortgage rates, coupled with some bettering signs in affordability, have led to a margin of improvement in housing inventory and the market as a whole, according to new data. Zillow’s March Market Report found that pending listings (listings that changed from for-sale to pending status rather than closed sales) grew…
A federal judge ruled yesterday that eXp must face accusations of fraud related to its actions in the wake of sexual assault allegations against top recruiters, writing that plaintiffs provided significant evidence that the brokerage lied about conducting an investigation into two men accused of drugging and assaulting women at company events. “Plaintiffs allege, in…
During New Homes Month in April, the National Association of Home Builders has reported that the home building industry is responding to market conditions by constructing homes that balance price and meet modern home buyer needs. According to U.S. Census Bureau and National Association of Realtors® data, newly built homes are typically priced at or…
For the past nine years in a row, the lament among residential real estate brokers was unanimous: There’s not enough inventory. Now, the larger problem is that many cannot afford the inventory. While concerns over housing affordability are on the rise, brokers are also seeing a return to a more balanced market, according to the…
There’s a growing housing disparity in America between who has the square footage and who needs it. According to a new Redfin report, which analyzed U.S. Census Bureau data from 2024, baby boomers living in one- to two-adult households own 28% of large homes. By comparison, millennials with children living at home own 16% of…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. eXp, Weichert get settlement sign-off in copycat lawsuit A federal judge granted final approval to a series of commission-related antitrust settlements involving several real estate brokerages, bringing an end to the cases after…
The legal battle between Northwest MLS (NWMLS) and Compass escalated this past week as NWMLS filed counterclaims in federal court, accusing the nation’s largest residential brokerage of violating Washington’s Consumer Protection Act, fraudulent misrepresentation and tortious interference—charges Compass swiftly dismissed as retaliation by a “monopolist” protecting its own turf. The counterclaims, filed April 2 in…
There is a lot of noise in the real estate industry right now. Clear Cooperation. Private listings. Lawsuits. And now a growing push toward exclusive “Coming Soon” and preview platforms. Let me be clear about where HomeSmart stands. Until shown otherwise, we believe listings should be broadly accessible, not restricted to any one platform or…
In a rebound from February’s downcast numbers, a report from the Bureau of Labor Statistics on April 3 showed the U.S. economy gaining 178,000 jobs in March, with the unemployment rate sliding slightly to 4.3%. Job gains occurred in healthcare, construction and in transportation and warehousing. Federal government employment continued to decline. Average wages were…
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