Bombshell lawsuit takes a new turn (BY ANDREA V. BRAMBILA)

The major class-action lawsuit against NAR, Realogy, KW, RE/MAX, HomeServices of America and more has been amended to include new plaintiffs and new, more detailed accusations BYANDREA V. BRAMBILA The class action lawsuit that could upend the U.S. real estate industry by effectively forcing changes in how buyer’s agents are traditionally compensated has been amended, adding more […]

Feds warn of 1,100% rise in real estate phishing scams

In 2017, scammers intercepted $1B in transactions BY JIM DALRYMPLE The downpayment on a house is the largest single sum of money many people spend in their lifetimes, and now the feds have a stark warning for would-be homebuyers: Watch yourself, or lose it all to scammers. The warning from the Consumer Protection Bureau (CPB), issued in a […]

The future of real estate: A consumer model

Here are the predictions influential real estate professionals made at Disconnect 2019 BYBRAD INMAN A select group of influential real estate professionals gathered in April in the desert of Palm Springs for the 2019 edition of Inman Disconnect. They wrestled with the pressing real estate issues of the day. They worked earnestly to figure out where […]

Realtors’ median income grows 5%

More women have also joined the industry, according to NAR data Email Veronika Bondarenko If you’re a Realtor, there is cause to celebrate: The median income for the profession grew by 5 percent between 2017 and 2018, according to the National Association of Realtors (NAR)’s latest research. The 2019 National Association of Realtors (NAR) Member Profile, which emailed a […]

Zillow will buy and sell homes in LA, Austin, San Diego and more

Zillow Offers is expanding to 6 more markets nationwide for a planned total of 20 by early next year BYPATRICK KEARNS Real estate tech giant Zillow announced on Thursday it’s expanding its direct-to-consumer online homebuying and selling platform known as Zillow Offers to Austin, Los Angeles, Sacramento, San Antonio, San Diego and Tampa within the next year. By the end of […]

Existing-home sales declined in March after rebound in February

Existing-home sales fell 4.9%, according to NAR data BYVERONIKA BONDARENKO Existing-home sales fell 4.9 percent in March to a seasonally adjusted annual rate of 5.21 million, according to the latest data from the National Association of Realtors (NAR). After a small rebound in February, the total is down 5.4 percent year-over-year.  In Eastern CT, the March trend matched national data with […]