IBuyers Insist They’re Not A Threat, Agents Are Not Convinced

September 5, 2019
The new generation of iBuyers sees well-funded companies such as Opendoor, Offerpad, and Zillow Offers snapping up thousands of homes in Phoenix, Atlanta, and other markets. "We really noticed that consumer expectations were changing," says Josh Swift, senior vice president at Zillow Offers. "They want to click a button and have magic happen." The convenience…To read more — login/sign up

 

Lawsuit Claims “Conspiracy” Keeps Commissions Artificially High

July 25, 2019
A Minnesota company has filed two lawsuits accusing the real estate industry’s biggest players of illegally conspiring to maintain high fees for buyers’ agents. The suits, filed in federal court in Chicago, name as defendants the National Association of Realtors, Realogy, HomeServices of America, RE/MAX, and Keller Williams. In recent years, much of the competition…To read more — login/sign up

 

Do Open Houses Sell Homes?

July 12, 2019
The conventional wisdom in real estate holds that an open house is a nearly useless marketing tool, at least when it comes to moving the property that’s being shown. But a new report from Redfin might poke holes in that long-held assumption, or at least add some regional nuance. The Seattle-based brokerage analyzed nationwide transactions…To read more — login/sign up