article thumbnail

RESO announces 2024 board of directors election results

Housing Wire

Of the nine open board of director seats, four went to MLS or Realtor association representatives and five went to members representing technology companies, developers, partners or consultants. Additionally, Jensen and Wurzer will continue in their executive committee roles in 2024, serving as board chair and vice-chair, respectively.

MLS 363
article thumbnail

Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements.

Principal 342
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NAR CEO back on stand for second day of defense testimony in commission lawsuit trial

Housing Wire

Cross-examination zeroes in on MLS, association compliance with NAR rule Like others who have testified, Gansho noted that NAR does not own or operate Multiple Listing Services , or MLSs. ” However, if an MLS didn’t want to adopt a mandatory NAR rule, the MLS would lose its NAR-provided errors and omissions insurance, Gansho said.

MLS 405
article thumbnail

Low inventory drives U.S. home prices up 5.5% year over year in Q3: FHFA

Housing Wire

house price growth continued to accelerate in the third quarter, appreciating more than in each of the previous four quarters,” Anju Vajja, principal associate director in FHFA ’s division of research and statistics, said in a statement. Month over month, the FHFA’s seasonally adjusted monthly index ticked up 0.6% in September.

Principal 463
article thumbnail

Chaos, consolidation and opportunity: Experts weigh in on what NAR’s settlement means for the industry

Housing Wire

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them.

article thumbnail

Announcing HousingWire’s 2024 Finance Leaders

Housing Wire

Name Job Title Company Name Alan Tiongson VP of Secondary Marketing and Asset Management Constructive Capital (Constructive Loans) Andrew Stringer EVP, Senior Director of Capital Markets PrimeLending Ben Allison Chief Financial Officer Deephaven Mortgage Bryan Charap Chief Financial Officer Realtor.com Cassie Vosburgh Chief Financial Officer ACES Quality (..)

Finance 373
article thumbnail

New home sales climb in February for the third straight month

Housing Wire

New home sales increased in February for the third straight month, in a sign that the market may be stabilizing,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. “As On a year-over-year basis, however, new home sales are still down 19.0%. This represents 8.2 months of supply at the current sales pace.

Sales 380