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RE/MAX revenue declined 3.4%, US agents continue to depart in Q3

USA Real Estate News-Inman - Thu, 2024-10-31 15:38
A new quarter saw continuing trends for RE/MAX Holdings in decreasing revenue and U.S. agent count, but the franchisor also vastly improved its net income year over year.

Josh and Heather Altman leaving ‘Million Dollar Listing Los Angeles’

USA Real Estate News-Inman - Thu, 2024-10-31 15:24
Power couple calling it quits after 13 years and 11 seasons on the hit reality real estate show. "We were babies when we started the show," Josh Altman told "People."

Cloze Appoints Jose Perez as General Manager, Partnerships

USA Real Estate News-RISMedia - Thu, 2024-10-31 15:04

Above, Jose Perez Cloze, a provider of AI-powered sales and marketing software for real estate brokerages, has announced the appointment of Jose Perez as the company’s new General Manager of Partnerships. Perez will draw upon his 30-year career at both notable real estate brands and proptech companies to expand Cloze’s reach within regional, national and…

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10,000 REALTORS® Set to “Bring on Business” at NAR NXT in Boston Next Week

USA Real Estate News-RISMedia - Thu, 2024-10-31 14:57

REALTORS® and real estate industry professionals from across the nation and around the world will gather in Boston, Massachusetts, Nov. 8–10 for NAR NXT, The REALTOR® Experience—the National Association of REALTORS®’ annual conference and expo. With the theme “Bring on Business,” the event will offer expert speakers, educational sessions and networking opportunities for real estate…

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Compass Sees MLS’s Stop Enforcement of Clear Cooperation as Reffkin Continues to Speak Out

USA Real Estate News-RISMedia - Thu, 2024-10-31 14:06

Compass Founder and CEO Robert Reffkin continues to hold his stance against NAR’s Clear Cooperation policy, and reported that the company has seen no “meaningful change” in business since NAR’s practice changes went into place. In the company’s recent earnings call for Q3 2024, Reffkin stated that the company had trained over 90% of its…

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Historic Schoolhouse Sets the Gold Standard in Park City, Utah

USA Real Estate News-RISMedia - Thu, 2024-10-31 14:02

Property Highlights: Location: Park City, Utah Listing Price: $31,000,000 Features: 10,000 square feet with 12 bedrooms and 16 bathrooms. Added Appeal: Rooftop pool, outdoor spa, private penthouse, 150-step ski access, antique French details, grand family room with opera house mirror and mountain views. School’s in session at The Washington School House Hotel, where lessons in…

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Inflation cooled in September, nearing the Fed’s 2% target

USA Real Estate News-Inman - Thu, 2024-10-31 13:46
Mortgage rates inch up as an expected decline in key inflation gauge does little to change expectations for rate cuts among investors who fund most home loans.

Buyer Representation: What’s Changed, and What Hasn’t

USA Real Estate News-RISMedia - Thu, 2024-10-31 13:41

Recent changes that went into effect following the National Association of REALTORS®’ (NAR) proposed settlement* have impacted how agents work with buyers. While some things have changed, many core principles of buyer representation haven’t. What’s changed: Mandatory written buyer agreements. One of the most significant changes is the requirement for written buyer agreements to be…

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Judge grants final approval to 9 commission lawsuit settlements

USA Real Estate News-Inman - Thu, 2024-10-31 13:38
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation.

Key Inflation Rate Hits 2.1% in September, Closing in on Fed Target

USA Real Estate News-RISMedia - Thu, 2024-10-31 13:30

Inflation rose slightly in September, according to a U.S. Bureau of Economic Analysis report released October 31. The Personal Consumption Expenditures (PCE) price index increased 0.2%. Excluding food and energy, the PCE price index increased 0.3%. Real DPI increased 0.1% in September and real PCE increased 0.4%; goods increased 0.7% and services increased 0.2%. Personal…

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DOJ Misses NAR Settlement Objection Deadline as Other Parties Weigh In

USA Real Estate News-RISMedia - Thu, 2024-10-31 12:45

This week—specifically this past Tuesday—was the deadline for anyone to enter a formal objection to the National Association of REALTORS®’ (NAR) settlement agreement, struck with class-action seller plaintiffs back in March. While about half a dozen parties came forward, including plaintiffs behind other commission-focused lawsuits and a law professor who has written critical analyses of…

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‘Haunted’ Homes a Target for Lowball Offers, WIth Sellers Unlikely to Disclose

USA Real Estate News-RISMedia - Thu, 2024-10-31 12:36

Is a real estate negotiation on a haunted home doomed from the start? Not necessarily, but concessions may be part of the process, according to Clever-affiliated researcher Real Estate Witch. In the never-ending quest for a smart buy, 54% of Americans claim they would dare to buy a haunted house. That number ballooned to 72%…

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