National News

Housing starts rebound in April after March slump 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Hotels overtake offices in residential conversions

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Anywhere Real Estate, Keller Williams and RE/MAX commissions settlements receive final court approval

Other settlements are still awaiting final approval, including the $418 million settlement with NAR.

Nearly half of all adults would buy their childhood home if they could afford it

Zillow attributes this trend to a growing sense of nostalgia for easier times.

NAR Chief Economist Lawrence Yun optimistic about real estate industry this year and beyond

Yun expects existing home sales to show gains in 2024, 2025 and eight of the next 10 years.

Changes to MLS from NAR settlement to take effect Aug. 17

NAR previously said the changes were expected to start in mid-July.

Charitable giving increased among Realtors last year

The typical amount donated annually was $1,000, up from $800 in 2022.

Ben Caballero breaks his own world record for annual home sales

According to MLS data, Caballero sold 7,012 homes totaling $3.638 billion last year — that averages out to over 19 homes sold every day.

Warren Buffett’s HomeServices of America settles compensation lawsuit for $250 million

HomeServices of America is the last defendant to settle in the case.

CoStar Group acquires 3D capture company Matterport

CoStar Group Inc., a global real estate information marketplace, will acquire Matterport, which pioneered the development of “digital twins”: the 3D capture method which can deliver photorealistic, virtual home tours.

After four months of growth, builder confidence remains flat in April

The survey also revealed that 22% of builders cut home prices this month, down from 24% in March and 36% in December.

Hailed as a win for NAR, Supreme Court rules against large development fees

NAR and other housing groups backed the lawsuit and submitted statements to the justices.

DOJ can resume its antitrust investigation into NAR, appeals panel rules

An appeals panel ruled the DOJ could resume its antitrust investigation into NAR. 

Dallas named a top city for fixer-upper savings

Dallas is one of the best cities in the country to save and make money on a fixer-upper, a new report found.

Leo Pareja takes over as CEO of eXp Realty

Pareja replaces former CEO Glenn Sanford, who will maintain his roles as founder, chairman and CEO of eXp World Holdings.

COMPASS expands across Gulf Coast with acquisition of New Orleans’ Latter & Blum 

The strategic acquisition expands COMPASS’ Gulf reach from Texas to Florida and brings with it a brokerage that closed $3.6 billion in transactions last year. 

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