Everybody’s got an opinion on why housing “sucks” right now. Mortgage rates are too high. Construction costs are out of control. Regulations are choking supply. And the loudest refrain of all: “It’s the rates. Rates killed housing.” That story makes for a clean headline, but it doesn’t hold up under scrutiny. If rates alone were…
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ERA Hart Sargis-Breen Real Estate and ERA Insite Realty Services have merged their Connecticut and New York operations — creating a brokerage with nine offices and nearly 200 agents across both states. ERA Hart Sargis-Breen Real Estate, founded in 1979, is based in West Hartford, Conn., and operates three offices statewide. Rob Levine became owner…
The activist investors at Third Point Investors Ltd may be calling on CoStar Group to divest or shutdown its residential real estate arm, including Homes.com, but it appears that CoStar has no such intentions. “One thing we know for certain is that abandoning Homes.com now that the investment phase is tapering would be a certain…
Buyer-broker agreements continue to take a prominent role in residential real estate transactions following the National Association of Realtors (NAR) commission lawsuit settlement and related practice changes. Brokerages say they have invested heavily in training, compliance systems and dispute resolution pathways. Consumer advocates argue contracts remain complex, inconsistent and potentially unfair. Still there is confusion…