Home-price growth saw a slight uptick in the latest report, but the trend does not yet appear to be a concern among economists as growth remains down historically and affordability continues to see some marked improvement. The S&P Cotality Case-Shiller National Home Price Index saw home prices grow 1.1% year-over-year in May, up from the…
U.S. District Judge Stephen R. Bough has appointed two “special masters”—third parties granted significant authority over witnesses, evidence and testimony—to audit JND Legal Administration’s billing in the Burnett and Gibson commission lawsuits against the National Association of Realtors® (NAR), capping months of scrutiny over the settlement administrator’s finances. The July 27 order names Chris T.…
Lone Wolf Technologies has announced the release of the next phase of its AI roadmap for BrokerMetrics®, the company’s brokerage analytics and market intelligence platform that aims to help brokers recruit and retain agents. Named ‘Talent,’ the first release is part of a broader roadmap and introduces “Aspen,” Lone Wolf’s AI teammate, which will be…
A judge dismissed a class-action lawsuit against Zillow and a real estate brokerage, saying that lawyers representing homebuyers who used Zillow’s mortgage services or were referred to agents through the portal’s lead-selling service did not meet the legal standard to move forward. Plaintiffs had alleged that Zillow’s practices were deceptive, violating RESPA, racketeering and consumer…
Above, from left, Creig Northrop, Eric Elfman, Kymber Lovett-Menkiti, Chip Murphy and Emmett Laffey While most believe the real estate agent exodus is ultimately a good thing for the industry, what does it mean for brokers when it comes to recruiting and retention strategies? In an upcoming session at RISMedia’s CEO & Leadership Exchange, being…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Federal lawmakers investigate MRED-Compass partnership A federal congressional committee sent letters to Compass CEO Robert Reffkin and MRED CEO Rebecca Jensen in relation to their partnership, scrutinizing the relationship between the nation’s largest…
Leading Las Vegas brokerage huntington & ellis (h&e), a member of Leading Real Estate Companies of the World®, said the company raised more than $43,000 in June for 10 Southern Nevada nonprofit organizations, the largest amount the company has raised in a single month since its founding. The funds were raised through 10 Days of…
California independent brokerage FirstTeam® Real Estate has announced a joint partnership with Purlin®, an AI-operating layer for real estate. According to a release, by deploying PurlinOS, Purlin Close and Purlin Offer & Negotiate across the brokerage, FirstTeam is unifying workflows and software within a single intelligent AI operating foundation that connects agents, teams, clients, contracts…
In today’s frazzled residential real estate market, with mortgage rates stubbornly high and inventory issues in many parts of the land dovetailing high prices for homebuyers, it is always nice to see some data favorable to buyers. Namely—builders have overestimated the demand for their finished houses and are slashing prices in many cities, according to…
We’ve explored how a strong brand is a driver of growth. But for many teams, the challenge isn’t growth—it’s sustainability. That’s becoming more important as teams move through a market defined by consolidation, rising operational complexity and changing consumer expectations. Navigating these challenges requires the right systems, operational alignment and collaborative support. Teams need a…
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