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Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A new data study is predicting more than three-quarters of brokerages could become unprofitable if the industry fails to transform their operations once the National Association of Realtors’ (NAR) settlement changes how commissions are structured. The study by...
New Study Ranks the Best and Worst Markets for Real Estate Agents

New Study Ranks the Best and Worst Markets for Real Estate Agents

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Question: What are the best markets for today’s real estate agents? A new study has come up with some surprising answers. Clever Real Estate focused on the nation’s 50 most populous metro areas and number-crunched a series of metrics that included affordability,...
Deal Announced to Sell REcolorado MLS to Private Equity-Backed LLC

Deal Announced to Sell REcolorado MLS to Private Equity-Backed LLC

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) have signed a letter of intent to sell REcolorado, their multiple listing service (MLS), to a newly formed limited liability company (LLC) backed by a private equity...
Justin Timberlake Sells 127-Acre Tennessee Property at Discount

Justin Timberlake Sells 127-Acre Tennessee Property at Discount

by Phil Hall | Jun 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Justin Timberlake has said “Bye Bye Bye” to his nearly 127-acre property outside of Nashville, selling the land at a discounted price. Mansion Global reported the singer/actor sold the property for $8 million, down from his $10 million asking price when it was listed...
Treasury Department Rolls Out New Initiative to Increase Housing Affordability

Treasury Department Rolls Out New Initiative to Increase Housing Affordability

by Phil Hall | Jun 24, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of the Treasury has announced a new effort to boost housing affordability. According to a press statement from the Treasury, the new initiative will include the launch of a program administered by the CDFI Fund to provide an additional $100 million...
Home Depot Foundation Grants $9M to Provide Housing for Homeless Veterans

Home Depot Foundation Grants $9M to Provide Housing for Homeless Veterans

by Phil Hall | Jun 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Home Depot (NYSE:HD) announced that its philanthropic Home Depot Foundation has granted $9 million to provide housing for over 3,400 veterans dealing with homelessness. According to the U.S. Department of Housing and Urban Development, an average of 35,000 veterans...
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