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October 2019

Home purchases by foreign buyers fall sharply — NAR’s Profile of International Transactions in U.S. Residential Real Estate 2019 estimates that foreign buyers purchased $77.9 billion worth of U.S. existing homes from April 2018 through March 2019. That’s a 36 percent decline from the $121 billion in sales the previous year.  ...

Three steps for standing out in a fast-changing market — Billions in capital are flowing into real estate, and that has created no shortage of angst among traditional real estate professionals. Real estate coach Brian Buffini offers a three-step guide for staying relevant. ...

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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

 

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September 2019

Realogy sues Compass, accuses it of theft — In a complaint filed in state court in New York, Realogy, the nation’s largest brokerage, accuses Compass of “unfair business practices and illegal schemes to gain market share at all costs and to damage, or even eliminate, competition.” ...

Co-living trend takes hold in pricey cities — First came co-working. Now shared living spaces are attracting tenants in pricey cities such as New York, San Francisco, Seattle, and Washington, DC. Read Cushman & Wakefield’s report on co-living. ...

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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

 

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August 2019

Realtor association revenue, executive pay on the rise — The nation’s 60 largest Realtor organizations pulled in more than $700 million in revenue in 2017, and they paid their CEOs more than $23 million. View interactive graphics showing revenue and compensation. ...

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