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Survey: 42% of Sellers Didn’t Know They Pay the Buyer’s Agent’s Commission

Survey: 42% of Sellers Didn’t Know They Pay the Buyer’s Agent’s Commission

by Phil Hall | Nov 21, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In the wake of the ongoing legal controversy involving real estate agent commissions and the National Association of Realtors (NAR), a new survey by Clever Real Estate found many Americans were unaware of how agents get paid. In a nationwide poll of 1,000 adults,...
Year-to-Date CMBS Loan Delinquencies Total $27.91 Billion

Year-to-Date CMBS Loan Delinquencies Total $27.91 Billion

by Phil Hall | Nov 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The volume of commercial mortgage-backed securities (CMBS) loans that are classified as delinquent spiked by 49.4% to $27.91 billion during the 10 months of this year, according to data from Trepp Inc. This volume represents 5.07% of the $601.98 billion universe...
JLL Names Michael Colacino as President of its Tri-State Brokerage

JLL Names Michael Colacino as President of its Tri-State Brokerage

by Phil Hall | Nov 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

JLL (NYSE:JLL) appointed Michael Colacino as president of its tri-state brokerage. Colacino will be based in Manhattan and report to Peter Riguardi, JLL’s chairman and president of the New York Region. He will also work in partnership with Stephen Schlegel, chief...
Existing Home Sales Down in October

Existing Home Sales Down in October

by Phil Hall | Nov 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The volume of existing home sales declined by 4.1% from September to a seasonally adjusted annual rate of 3.79 million in October, according to new data from the National Association of Realtors (NAR). Year-over-year, sales plummeted by 14.6% from 4.44 million in...
ATTOM Names Ned Stringham as Chairman of the Board of Directors

ATTOM Names Ned Stringham as Chairman of the Board of Directors

by Phil Hall | Nov 21, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate data provider ATTOM announced the appointment of Ned Stringham as chairman of its board of directors. Stringham is managing partner at 42 Ventures, which he launched in 2006 after successfully selling SBI Group, a digital marketing and technology...
RE/MAX and Anywhere Real Estate Receive Preliminary Approval for Lawsuit Settlements

RE/MAX and Anywhere Real Estate Receive Preliminary Approval for Lawsuit Settlements

by Phil Hall | Nov 21, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

RE/MAX (NASDAQ:RMAX) and Anywhere Real Estate Inc. (NYSE: HOUS) respectively announced they received preliminary approval from a Missouri court of their settlements in the Burnett, Moehrl and Nosalek class action lawsuits, as well for similar claims on a nationwide...
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