Sotheby’s International Realty acquires Majestic Realty Collective

Sotheby’s International Realty has acquired Majestic Realty Collective, a luxury real estate organization operating multiple Sotheby’s International Realty affiliates across the western U.S. The acquisition expands Sotheby’s International Realty’s presence in luxury and resort markets, adding operat
Read MoreDouglas Elliman launches AI-focused business unit, broader tech overhaul

Douglas Elliman announced today a companywide technology transformation aimed at consolidating systems, automating operations and developing new real estate intelligence capabilities through a newly formed business unit called Elius. The New York-based real estate firm said the initiative will opera
Read MoreUnlock agrees to restitution, compliance with Colorado laws on home equity agreements

Unlock Partnership Solutions Inc., dba Unlock Technologies, has agreed to treat its home equity agreements (HEAs) as consumer credit under Colorado law, pay restitution to affected homeowners, and meet state licensing and disclosure rules, the Colorado attorney general’s office announced June 24. Th
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The residential real estate market today is fundamentally different than just a few years ago. In April, 5.8% of homes were taken off the market, reaching delisting rates not seen since March 2020. Plus, economic uncertainty and rising inflation have made generating sufficient income a challenge for
Read More The other half of the lake: Why lifecycle lending is becoming mortgages’ next growth strategy

Loan originator pipeline growth has followed a familiar formula: originate a purchase loan, capture a refinance when rates fall and hope the borrower returns for their next home purchase. But in today’s housing market, that model is producing fewer opportunities. Purchase volume remains constrained,
Read MoreAI is changing mortgage lending. Business intelligence is making it possible.

As artificial intelligence (AI) becomes embedded across the mortgage lifecycle, lenders are rethinking how they use data to drive decisions and automate workflows. Chris McEntee, Vice President of Corporate and Product Development at ICE, discusses how AI mortgage lending is transforming mortgage bu
Read MoreThe AI edge for builders: Why institutional knowledge is becoming the industry’s most valuable asset

Artificial intelligence (AI) is quickly becoming part of every conversation in homebuilding. But as builders invest in AI to improve sales, marketing and operations, many are overlooking the factor that will determine whether those investments succeed: organizational knowledge. AI is only as valuabl
Read MoreFormer Stockton Mortgage employees, Novus deny trade secret allegations

Several former Stockton Mortgage Corp. employees have denied allegations that they misappropriated trade secrets and interfered with the company’s business after leaving to join competitor Ixonia Bancshares, operating as Novus Home Mortgage, according to court filings. Eighteen defendants filed thei
Read MoreNorth Carolina kicks parking rules to the curb in statewide reform

North Carolina housing advocates have tried for years to pass state-level zoning reform. They kept falling short. Broad reforms met the same fate in the recently ended session – except one: parking reform. What started as a stormwater management bill became one of the most aggressive parking reforms
Read MoreZillow, MRED, Compass await ruling in Chicagoland MLS fight

The hearing regarding Zillow’s motion for a preliminary injunction in its ongoing antitrust battle with Midwest Real Estate Data (MRED) and Compass International Holdings may have concluded last Thursday, but the parties are still waiting for an answer. This week, all three parties must file post-h
Read MoreCompass adds RealTrends Verified Palm Beach agent Daniel Ekerold

Compass recently added Palm Beach luxury real estate professional Daniel Ekerold to its Florida roster, the brokerage said Tuesday. Ekerold, who is coming to Compass from Douglas Elliman, is known for working with ultra-high-net-worth clients, hedge fund principals, developers and investors, accordi
Read MoreMortgage rates rise past 6.75% as inflation uncertainty persists

Mortgage rates took a brief U-turn last week, but they resumed their upward path again this week as hawkish statements from the Federal Reserve over inflation and monetary policy are guiding the direction of borrowing costs. At HousingWire‘s Mortgage Rates Center on Tuesday, rates for 30-year confor
Read MoreRealtors slam focus on trademark policing: ‘Is this really the next hill NAR is going to stand on?’

When the National Association of Realtors (NAR) asked its members to help the trade group identify misuses of its trademarks during the association’s legislative meeting late last month, it unsurprisingly stirred up reactions among real estate professionals. “While agents are fighting for listings
Read MoreCongress has a chance to expand affordable homeownership. It shouldn’t waste it.

America’s housing affordability crisis has reached a breaking point. Home prices remain out of reach for millions of families, apartment rents continue to climb and the dream of homeownership is slipping further away for first-time buyers, working families, seniors and young Americans. Manufactured
Read MoreSan Diego to get more transit housing density as SB 79 row settles

San Diego has spent recent years earning a reputation as one of California’s most aggressive housing builders, streamlining permits citywide. But city leaders hesitated when state law required them to draw boundaries for new housing near neighborhood bus stops. San Diego officials proposed a far tig
Read More$95M funding, USLBM deal back Higharc AI push in homebuilding

Artificial intelligence has reached homebuilding’s proving ground. Not the proving ground for a demo or a pitch deck, nor the conference-stage jumbo-screen promise that technology will transform an industry whose complexity has humbled generations of would-be transformers. It’s the real sniff test.
Read MoreONE Sotheby’s International Realty adds sales director

ONE Sotheby’s International Realty has appointed Shelley Figueroa as sales director in its development division, where she will oversee sales for Anantara Miami Resort & Residences. Figueroa brings more than 15 years of experience in luxury residential real estate development. According to the broke
Read MoreTitleEase integrates with Contract2Close platform

TitleEase has launched a software integration with transaction management platform Contract2Close.com that allows real estate agents and mortgage loan officers to order title services from within the platform. The integration is designed to incorporate title ordering into the existing transaction ma
Read MoreNAR tells members to report Realtor brand misuse

As part of its three year strategic plan, the National Association of Realtors (NAR) promised members the trade group would work to “elevate” the Realtor brand. For the first half of the year, NAR’s vision for exactly what this effort would look like remained a bit unclear but at the association’s l
Read MoreThe Agency’s Zane Burnett: AI success starts with clean data, not hype

For Zane Burnett, technology isn’t about chasing the next shiny object — it’s about building a foundation first. As he oversees technology, digital strategy and innovation at The Agency, Burnett brings a career’s worth of perspective from leadership roles at proptech companies, luxury real estate br
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