Sailors awaiting rain aim straight, said Captain Craig. Does that sentence make any sense to you? Me neither. It resulted when AI was provided with text and tasked to create something readable, but was misinterpreted by the app to mean that each word had to include “ai.” Whoops. The lead sentence is, of course, laughable,…
New York’s Brown Harris Stevens (BHS) has announced that Maggie Ross has been named managing director of sales for Brooklyn. In this role, Ross will oversee operations across the firm’s four Brooklyn offices while strengthening collaboration with BHS corporate leadership and its other regional markets, the company said. A long-time Brooklyn resident, local property investor,…
U.S. District Court Judge Stephen Bough has granted final approval to settlements in the main Burnett copycat case totaling $39.7 million with five real estate brokerages, with the total settlement fund sitting at over $1 billion as the industry continues to grapple with the fallout from antitrust claims. The approvals, announced Wednesday in Kansas City,…
Revenues at Move, operator of Realtor.com®, were $143 million in Q2, a 10% increase from the prior year, driven by premium offerings, audience share gains and expansion in growth adjacencies, according to the company, which operates on a July 1 to June 30 fiscal year. News Corporation, which includes Realtor.com under its corporate umbrella, on…
U.S. District Judge Jeannette Vargas of the Southern District of New York has denied Compass’s request for a preliminary injunction against Zillow’s new listing rules (what it calls “Listing Access Standards”), allowing the portal’s new rules to remain in effect while the broader antitrust lawsuit plays out. The decision delivers a significant legal setback for…
Private sector employment increased by 22,000 jobs in January and pay was up 4.5% year-over-year, according to the January ADP National Employment Report, produced by ADP Research in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). The report is an independent measure of the labor market based on the anonymized weekly payroll data of…
Real estate portal Redfin, a part of Rocket Companies, has announced “The Great American Home Search”–a contest kicking off from a Super Bowl commercial on Sunday that offers the opportunity for players to win a home valued at more than $1 million. Players must download or update the Redfin app to participate in this scavenger-hunt-style…
U.S. housing supply continued to grow this past January, but the recovery lost momentum as inventory moved further away from pre-pandemic norms, according to Realtor.com®’s January Monthly Housing Report. These trends signal renewed supply constraints even as prices remained largely flat nationwide. Active listings increased 10% year-over-year, extending a streak of inventory gains to 27…
Phone outreach is still one of the fastest ways for agents to connect with motivated prospects. But in today’s carrier-regulated environment, how you call matters just as much as who you call. Research shows that over 95 percent of calls labeled as spam are never answered, underscoring how quickly poor calling practices can limit connection…
Lone Wolf Technologies has launched the Lone Wolf API Portal, a centralized platform designed to accelerate integrations and expand connectivity across the Lone Wolf Foundation, its cloud-based ecosystem for real estate. The new API Portal provides brokers, teams, agents and technology partners with secure access to Lone Wolf’s application programming interfaces (APIs), enabling them to…
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