If there’s one thing buyers don’t want after closing, it’s finding out that the costs to own and maintain their new home are not what they’d expected. They’re higher, and sometimes much higher. That’s why it’s imperative for you as their trusted agent to help determine future finances and share the information with them before…
Existing-home sales increased by 1.5% month-over-month and decreased by 2.2% year-over-year, according to the National Association of Realtors®’ (NAR) Existing-Home Sales report. The report provides the real estate ecosystem, including agents, homebuyers and sellers, with data on the level of home sales, price and inventory. Month-over-month sales increased in the South and West, held steady…
Compass and multiple top executives are facing a class-action lawsuit from an Anywhere stockholder focused on the merger between the two companies, with the plaintiff claiming that back-channel efforts to get the deal approved created risk for the company and misled investors. Filed late last week in federal court in New York City, the lawsuit…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow pleas fall on deaf ears On Oct. 5, the U.S. Supreme Court officially declined Zillow’s appeal to hear a class-action shareholder lawsuit, formally known as Jaeger v. Zillow Group Inc. In the…
From left, John De Souza, Christopher Pfeiffer, Dawn Pfaff and Donny Samson. Photo by AJ Canaria. WASHINGTON, D.C.—The real estate industry is feeling more like a landmine right now, with professionals carefully navigating internal and external forces that threaten their businesses. But where some see potential threats, others see opportunities—even as market uncertainty and bitter…
Above, Sue Yannaccone. Photo by AJ Canaria WASHINGTON, D.C.—Compass International Holdings (CIH) COO Sue Yannaccone has been through a pretty big transition. Serving as president and CEO of Anywhere Brands for six years, she is now leading operations for the largest real estate brokerage in the world, as it seeks to reshape the industry on…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: Mortgage rates continue to reach new highs each week, quickly climbing in the 7% range and hitting a “nearly three year high,” as noted by Mortgage Bankers Association (MBA) President and CEO Bob…
The number is getting worrisome for buyers. This week Freddie Mac posted the new mortgage rate of 7.40%. Gulp. That’s a three-year high. Luckily for Americans with imperfect credit they have more mortgage routes to investigate, but the easiest lender to say yes may also be the most expensive one to repay. For buyers already…
Above, Alex Vidal, right, and John Featherston at RISMedia’s CEO Exchange. Photo by AJ Canaria. Five months after the April announcement of the Real Brokerage acquiring the iconic REMAX brand, Alex Vidal, former president of ERA Real Estate, was announced as the new president of REMAX in September. Bringing nearly three decades of experience in…
Above, Glenn Sanford, left, and Leo Pareja eXp Founder Glenn Sanford, chairman and chief executive officer of AGNT, Inc.—the parent company of eXp Realty and NextHome Inc.—announced Thursday that eXp CEO Leo Pareja will take the reins of the parent company, according to a news release. The leadership transition “marks the next phase of its…
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