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Integrity in Real Estate
Updated: 2 hours 54 min ago

Offerpad Voices Optimism Despite Continuing Losses in Q4 2023

Tue, 02/27/2024 - 08:10

In a Q4 2023 earnings call Feb. 26, iBuyer Offerpad put a positive spin on negative news of a $15.4 million loss, down 23% from Q3 2023 and 87% down from a year ago, when the company lost $121.1 million. Offerpad’s overall 2023 net loss totaled $117.2 million, down from $148.6 million in 2022. “We…

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Rent Prices Consistently Declining, Drop to Start the New Year

Tue, 02/27/2024 - 07:57

January saw median rents drop for the sixth straight month, with year-over-year prices down -0.3%, according to Realtor.com’s January 2024 Rental Report. Renters are experiencing much-needed relief, although prices are still 18.3% higher than pre-COVID. There is strong demand for rental units, and not nearly enough of them accessible in markets across the country. The…

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Agent Empowerment Beyond the Verdict: Know Your Worth

Mon, 02/26/2024 - 12:57

The recent legal verdict involving the National Association of REALTORS® (NAR) has sent shockwaves across our industry, sparking concerns among brokers and managers. In a candid forum aimed at addressing these concerns and supporting agents through this turbulent period, I shared a crucial perspective: It wasn’t 8 million, 80,000 or even 80 people who decided…

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Navigating House Options During a Divorce

Mon, 02/26/2024 - 12:50

Divorce is not just an emotional upheaval but also a time of significant financial and legal decisions. It’s especially true when it comes to shared housing. The marital home is often more than just an asset. It’s a repository of memories and dreams. Deciding what to do with it during a divorce can be particularly…

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RE/MAX Expands With Two Brokerages in Wyoming

Mon, 02/26/2024 - 12:36

Brenton Hayden, an entrepreneur who received national recognition for founding Renters Warehouse in 2008 and selling it in 2015, has come out of retirement to build a real estate business under the RE/MAX brand, RE/MAX has announced. Hayden and his business partners—his wife and CFO Ashley Hayden and two vice presidents of operations John Parsons…

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Las Vegas Team Leader Stresses Life-Long Learning

Mon, 02/26/2024 - 12:13

Above, from left, Robert Little, Nina Gallagher and Erik Coulter Robert (Bob) Little was a mortgage broker in Las Vegas, Nevada in 2007 when the industry imploded during the worst recession in his memory. But it may have been a blessing in disguise. “In my five years on the mortgage side,” said Little, “I had…

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New-Home Sales Start 2024 Strong, Rising 1.5% in January

Mon, 02/26/2024 - 10:37

As the housing market correction continues to unfold in 2024, with inflation slowing and mortgage rates leveling out, new-home sales saw continued growth in January after a bounce-back in December.  New-home sales registered at a rate of 661,000 in January, 1.5% above December’s rate of 664,000 and up 1.8% year-over-year, according to the latest data…

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Buyer Lawsuit Could Spill Into 2027 With No Settlements in Sight

Mon, 02/26/2024 - 10:11

In the wake of a significant but expected ruling by a federal judge allowing class-action claims by recent homebuyers against real estate incumbents to go forward, both parties are laying out diverging roadmaps for a case that could prove much more significant than any of the many commission cases filed in the past four months.…

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NAR Objects to DOJ Filing, Claiming It Will ‘Harm Consumers and Reduce Access to Fair Housing’

Mon, 02/26/2024 - 08:58

In a forceful commentary regarding the Department of Justice’s (DOJ) Feb. 15 Statement of Interest calling for “decoupled commissions” in rebuke of a lawsuit settlement of a case known as Nosalek v. MLS PIN, the National Association of REALTORS® (NAR) said the decision would hurt consumers as opposed to helping them.  In a statement emailed…

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PropStream Partners With the San Francisco Association of REALTORS®

Mon, 02/26/2024 - 08:37

PropStream is integrating with the San Francisco Association of REALTORS® (SFAR) MLS and bringing PropStream to their over 4,500 agents via SFAR’s product dashboard. “We are excited to be partnering with the San Francisco Association of REALTORS®,” said PropStream’s CEO, Brian Tepfer. “Our best-in-class lead generation platform will be an excellent tool for SFAR’s agents…

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