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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. million sales transactions, comparing homes that sold on the MLS with privately listed sales. loss recorded in majority-white neighborhoods.

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Maryland-based Anchor Home joins Compass

Housing Wire

Collectively, the group brings more than $400 million in career sales and 500-plus closed transactions across Maryland markets, including Annapolis and Severna Park. Were always proud to partner with top brokerages and agents who share our commitment to delivering an exceptional experience for buyers and sellers across every market we serve.

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Compass strikes again with leadership changes in the Southeast

Housing Wire

Leading brokerage Compass announced some key leadership moves this week to bolster its operations in the Southeast, including Florida. The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. ” Vellano also offers decades of experience in his new role.

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Zillow will begin banning noncompliant listings on June 30

Housing Wire

The standards apply to listings regardless of any applicable local MLS rule, and they apply to all listings subject to an exclusive for-sale listing agreement between a broker and a seller. As such, the rule does not apply to for-sale-by-owner ( FSBO ) and rental listings or new construction inventory listed directly by a homebuilder.

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Zillow and Redfin partner on new construction listings

Housing Wire

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8% million net loss , an improvement on the $90.8

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

We were down by about 30% in (home) sales last year, but generally our members are very optimistic that there is going to be a significant rebound this year.” While a lack of existing home inventory is certainly part of the problem, Ellison said that in Birmingham, agents and buyers are also facing a lack of new home inventory.

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SERHANT. adds top New Jersey agent to fuel expansion

Housing Wire

New York-based real estate brokerage SERHANT. has added one of New Jersey’s top-performing agents Patrick Southern as part of its expansion into the Garden State. leaders said the addition of Southern is part of a broader push to expand the company’s footprint beyond New York City. According to SERHANT.,

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