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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CRMLS says ‘no thanks’ to delayed marketing option

2 days ago | realestatenews.com | Dave Gallagher

A major multiple listing service has decided it will not be adopting a new listings policy unveiled by the National Association of Realtors last month. The California Regional Multiple Listing Service — the country's largest MLS with more than 100,000 subscribers — posted a statement on April 18 informing members of its decision to forgo adding the "delayed marketing" option introduced by NAR in response to criticism of its Clear Cooperation Policy.
Home value forecast takes a rare negative turn

3 days ago | realestatenews.com | Dave Gallagher

With new listings up significantly and sales not keeping pace, Zillow is forecasting home values will fall in the next 12 months — something that has happened just one other time since mid-2012. The decline between March 2025 to March 2026 is predicted to be 1.7%, according to Zillow's Home Value Forecast. That's a downward revision from its previous forecast, which predicted a 0.6% increase.
Mandatory NAR membership facing a new legal challenge

5 days ago | realestatenews.com | Dave Gallagher

The Georgia case joins a handful of others as agents argue they are being forced to pay unnecessary association fees to gain access to listings. A new lawsuit was filed this week against the National Association of Realtors, adding to the handful of cases launched by agents and brokers who are challenging the association's mandatory membership rules. Jerome Milko, a Realtor and broker with licenses in Delaware, Georgia and Maryland, filed his antitrust lawsuit against NAR on April 15.
Buyers back off, sellers face reality as slowdown continues

1 week ago | realestatenews.com | Dave Gallagher

Key points:Warning signs are flashing this week with mortgage rates up, loan applications down and days on market rising. It’s unclear where mortgage rates will go next — and potential homebuyers are watching rate movement closely. With inventory up over last year, buyers have more homes to pick from. Meanwhile, new home construction is slowing.
New eXp disclosure form warns sellers of pre-marketing risks

1 week ago | realestatenews.com | AJ LaTrace

In an effort to educate consumers about the hotly debated push into private listings — something viewed as a competitive advantage by brokerages like Compass and KW GO — eXp has announced updates to its agent toolkit including a new disclosure form for sellers looking to pre-market their home off the MLS.
Builders already seeing costs rise despite tariff pauses

1 week ago | realestatenews.com | Dave Gallagher

Homebuilder confidence ticked up this month, but that optimism could soon fade, with many builders reporting that tariff concerns are already affecting the costs of construction materials. The National Association of Home Builders' monthly housing market index, which measures the health of the single-family market based on builder feedback, came in at 40 for April. That's up a point from March, which saw an easing of mortgage rates during the last two weeks of the month.
HomeServices’ new CEO ready to ‘go back on offense’

1 week ago | realestatenews.com | Dave Gallagher

Key points:Kelly is taking over day-to-day operations as president and CEO while longtime leader Gino Blefari will play an advisory role during the transition. With commissions litigation in the rearview mirror, Kelly said the company “can really get back to growth mode” and help agents “do business in an easier, more simplified fashion.”He also wants to help the industry tackle issues like Clear Cooperation. Kelly’s view?
Gino Blefari steps down as HomeServices CEO

1 week ago | realestatenews.com | Dave Gallagher

A real estate titan is stepping away from day-to-day operations of one of the biggest real estate brokerage companies. After five years at the helm of HomeServices of America, Gino Blefari has transitioned to the role of chairman emeritus. Chris Kelly, previously executive vice president, will take over as HomeServices president and CEO, effective immediately, the company said.
Could home prices stall - or reverse course - in 2025?

1 week ago | realestatenews.com | Dave Gallagher

The uncertainty surrounding the state of the U.S. economy appears to be throwing some cold water on what's been years of strong home price appreciation. Fannie Mae's expert panel has lowered its 2025 home price growth forecast to 3.4% on a national level. That's down from a forecast of 3.8% made in the previous quarter, and significantly below the 5.8% average price growth seen in 2024. Fannie Mae's panel also revised its 2026 estimate down from 3.6% to just 3.3% in 2026.
Sellers motivated by rates, bullish on sale prices

1 week ago | realestatenews.com | Dave Gallagher

Mortgage rate sensitivity — especially concern that already high mortgage rates might continue ticking upward — could play a key role in seller behavior in the coming months. According to a recent Realtor.com survey, more than 3 in 4 potential sellers (78%) think mortgage rates will either stay elevated or rise over the next 12 months.