news aggregator

The Real Brokerage and RE/MAX—one of the world’s leading franchisors of real estate brokerage services—recently announced that shareholders of both companies approved Real’s proposed acquisition of RE/MAX at their respective special meetings, moving the major consolidation one step closer to finalization. Upon closing, the combined company will operate as Real REMAX Group, a holding company…

The post Real, RE/MAX Holdings Shareholders Approve Proposed Combination appeared first on RISMedia.

Builder sentiment remains muted from economic and geopolitical uncertainty, elevated mortgage rates and rising construction costs, with the latest data and analysis from homebuilders painting an overall still-muddled picture of near-term housing demand and affordability. Builder confidence in the market for newly built single-family homes inched up one point to 35 in August, according to…

The post Affordability Pressures Keep Builder Confidence Low appeared first on RISMedia.

Real estate’s Multiple Listing Service (MLS) was built on a century of shared data and mutual trust among brokers. Now, a panel of industry executives says that trust between agents and consumers is fraying as more properties get pulled into private listing networks. And, increasingly, panelists warn trust and cooperation between rival brokerages is wearing…

The post Private Listings Invite ‘Gatekeeping’ Accusations, Execs Say appeared first on RISMedia.

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. NAR said it will “suffer prejudice” without Umansky fraud documents The National Association of Realtors® (NAR) is continuing to spar with PLS.com Founder Mauricio Umansky in the listing startup’s lawsuit against the organization.…

The post Court Report: NAR Says It Will ‘Suffer Prejudice’ Without Documents From Umansky Fraud Cases appeared first on RISMedia.