Real Estate News

Real Estate News serves as a reliable and unbiased information hub for the residential real estate sector. Our mission is to equip agents, brokers, executives, and industry leaders with the essential insights they require to advance their careers and businesses effectively.

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Compass sues Zillow, escalating private listings fight

5 days ago | realestatenews.com | Stephanie Reid-Simons

Zillow is “abusing its monopoly power,” Compass CEO Robert Reffkin said. Zillow says its policy is designed to ensure homes are marketed to all consumers. After relentlessly defending "seller choice," Compass has filed suit against Zillow over private listings, with CEO Robert Reffkin claiming that the home search site is "abusing its monopoly power to ban homeowners and their agents" for marketing homes elsewhere.
Renters now outnumber homeowners in many major suburbs

1 week ago | realestatenews.com | Zephin Livingston

Key points:A study assessing Census Bureau data found that 203 of the suburbs located around the 20 most populous U.S. metro areas were dominated by renters. Five of the 20 metros saw suburban rental growth outpace city rental growth, with Dallas suburbs in particular outpacing city growth by nearly 10%. Dallas suburbs Frisco, McKinney and Grand Prairie led the way with the highest net number of new renter households. If you live in a big city, have you ever considered moving to the suburbs?
Opendoor makes $39M deal to settle lawsuit over pricing tech

1 week ago | realestatenews.com | Stephanie Reid-Simons

Plaintiffs accused the iBuyer of misrepresenting its AI-powered system and relying on human processes that put it at risk. Opendoor has denied wrongdoing. Opendoor has agreed to a $39 million settlement in a lawsuit accusing the company of misleading investors about the strength of its proprietary pricing tech — a system the iBuyer has long touted as central to its homebuying and selling model. The preliminary deal, first reported by Reuters, is subject to approval by a federal judge.
‘AI agents’ are coming - here’s what you need to know

1 week ago | realestatenews.com | Stephanie Reid-Simons

Key points:The beginning of the “agentic AI” era is here, and it’s the first step toward digital employees. Don’t be threatened by AI — explore it, and let it “take the suck out of your job.”Adapting to AI is not something you can just check off your list. “As AI evolves, your business will need to evolve with it — again and again.”"The year of the agents" is upon us — but it's not the ones you think.
Startup aims to bring assumable mortgages to the masses

2 weeks ago | realestatenews.com | AJ LaTrace

Key points:RetroRate formally launched this month in 10 states, including California, Texas, Florida and North Carolina. The company's analysis of MLS and property data suggests that between 20% and 25% of homes on the market have assumable loans. “Our goal is to make assumable loans just another financing type, like a 30-year fixed or a 5/1 ARM,” founder Andy Taylor told Real Estate News.
Is this the best brokerage brand ‘you’ve never heard of’?

2 weeks ago | realestatenews.com | Stephanie Reid-Simons

Key points:HomeSmart is the 12th-largest brokerage and 10th-largest franchise brand by sales volume in the U.S., according to T3 Sixty rankings. The company has built its tech around a commitment to transaction efficiency and an integrated experience. AI is “at the speed of light right now,” CEO Matt Widdows says. The challenge is to keep moving faster than the competition. Matt Widdows doesn't court the spotlight — but the company he founded in 2000, HomeSmart, is increasingly hard to ignore.
Investors sell off homes amid softening market

2 weeks ago | realestatenews.com | AJ LaTrace

Key points:Investor home purchases accounted for 13% of all home sales in 2024, according to a Realtor.com report. Meanwhile, investor selling hit a record high last year, resulting in “the smallest net investor buying activity in five years,” according to Realtor.com Chief Economist Danielle Hale. While market activity by large investors scaled back sharply, small and medium-sized investors gained momentum.
Zillow co-founder on how ‘provocation marketing’ can propel a brand

2 weeks ago | realestatenews.com | Taylor Soper

This story originally appeared on GeekWire, which covers technology and business, including the real estate industry. Here's a marketing tip for companies on a tight budget: be provocative. That's the strategy Zillow used in its early days in Seattle, according to Rich Barton, the company's co-founder who joined the Tim Ferriss Show on a recent podcast. Barton previously co-founded Expedia, which spent heavily on marketing to drum up interest in the travel company's brand.
Buying optimism up as consumer anxiety eases

2 weeks ago | realestatenews.com | Dave Gallagher

After getting scared off by tariffs and economic volatility during the first few months of the year, consumers appear to be feeling a little better about the housing market. Fannie Mae's monthly Home Purchase Sentiment Index, which tracks consumer attitudes and expectations around housing, came in at 73.5 points in May, up 4.3 points from April and up 5.4 points compared to March.
How to talk with buyers about homeowners insurance

2 weeks ago | realestatenews.com | Dave Gallagher

Key points:High homeowners insurance costs can add an unwelcome surprise to the homebuying process if buyers are not prepared. Extreme weather events, inflation and strong home price appreciation are among the factors contributing to higher rates. With 80% of claims originating from roof issues, agents and buyers should pay close attention to the age and materials used for a home’s roof while considering a listing.