Investors accounted for 10.8% of all buyers in Q2 — and some are driving prices up by paying far above the median purchase price, a Realtor.com report found. Read More
Real Estate
LPT burst onto the scene just three years ago and is already the 16th-largest U.S. brokerage. It has global aspirations and plans to go public soon. Read More
The Nov. 3 complaint seeks $500M in damages, alleging TRD ran “false and misleading stories” accusing the brothers of rape. They are currently awaiting trial. Read More
CEO Robert Reffkin signaled that Christie’s would serve as Compass’ “blueprint” for integrating Anywhere’s franchise brands and for further organic growth. Read More
Despite some reports suggesting agent commission rates were dropping, a CPC report finds that 95% of buyer agents ask for 2.5-3% of a home’s final sale price. Read More
The judge in the Batton case berated plaintiffs over the inclusion of sellers in their proposed class, but suggested two possible paths forward. Read More
The company called its balance sheet, with no debt and $143 million in cash, a “competitive advantage” as “others in the industry are pursuing consolidation.” Read More
Plus, Knock launches its new Bridge Loan Plus program; Rayse inks a deal with Columbus Realtors in Ohio; RealReports’ CRMLS partnership expands; more. Read More
The brokerage and franchisor delivered 6% higher revenue, which Anywhere execs credited to increased luxury sales and retention of top agents. Read More
The share of homes changing hands hasn't been this low since the mid-90s, Redfin economists report. The biggest culprit? Mortgage rates. Read More