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READ: Justice Department’s letter to CoreLogic demanding MLS info

Inman has obtained a letter from the Department of Justice requesting information on multiple listing service data from CoreLogic, a California-based financial services and analytics firm. Source: click here

Existing-home sales dip in April

Existing-home sales for single-family homes, townhouses, condos and co-ops fell 0.4 percent from March to April and were down 4.4 percent year-over-year, according to the latest data published Tuesday by the National Association of Realtors (NAR). NAR Chief Economist Lawrence Yun, however, isn’t concerned about the dip in the sales and what it means for […]

Compass poaches entire Coldwell Banker team

Los Angeles-based WSA Real Estate operates in the tony western half of Los Angeles. Team members are now decamping for Compass, which is not acquiring the entity itself. Source: click here

Inside the mass exodus at Purplebricks US

The U.K.-based discount brokerage launched in the U.S. in 2017 and has had a massive turnover in leadership roles in recent months. Source: click here

Is US government investigating MLSs and vendors for antitrust?

The Department of Justice is reportedly demanding CoreLogic and other MLS vendors hand over information related to buyer broker commissions. Source: click here

Airbnb launches partnership with DNA testing company 23andMe

The partnership comes amid what Airbnb says is a rise in “heritage travel,” or trips people take to connect with their ancestors’ homelands. Source: click here

Trulia founder Pete Flint’s venture firm NFX raises $275M

NFX splits its investments equally between business-to-business companies and business-to-consumer companies, but said that out of 3,000 firms seeking money this year it will ultimately only fund 0.5 percent. Source: click here

Compass poaches entire 22-person Coldwell Banker team

Los Angeles-based WSA Real Estate operates in the tony western half of Los Angeles. Team members are now decamping for Compass, which is not acquiring the entity itself. Source: click here

HUD Secretary slammed for confusing REO with Oreo cookies

As the Secretary of the Department of Housing and Urban Development (HUD), Ben Carson is arguably one of the most powerful people in the U.S. when it comes to housing policy and regulations. So it came as an unpleasant shock to some lawmakers and political observers on Tuesday when Carson briefly confused REO, a term […]

4 tips for avoiding toxic behavior in real estate

Whether it’s clients creating roadblocks over the smallest details or other agents working to bring their colleagues down, today’s entrepreneur needs to be equipped to not only combat the problem when face to face, but also prevent it from ever happening. Here are a few tips on how to eliminate the toxicity from your professional […]

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