HomeSmart has announced its appointment of Stacey Onnen as president. Onnen has more than 20 years of experience in real estate — most recently working in the legal technology sector and previously leading a national initiative at Keller Williams. She also served as president of operations at eXp Realty from April 2019 to February 2022 […]
HomeSmart names Stacey Onnen president Read More »
Zillow and Redfin are facing yet another lawsuit related to their multifamily rental syndication deal. On Wednesday, attorneys general in Virginia, Arizona, New York, Connecticut and Washington filed a lawsuit in U.S. District Court in Alexandria, Virginia, that makes claims identical to those alleged by the the Federal Trade Commission (FTC) in its lawsuit filed
5 states sue Zillow, Redfin over $100M agreement after FTC suit Read More »
Frank Aazami, a longtime luxury real estate adviser in Arizona, has joined Compass. Aazami, who previously worked with Russ Lyon Sotheby’s International Realty, is bringing along several of his colleagues from the Private Client Group team — including Dinesh Wilson, Fletcher Wilcox and Zoya Pedenko. Private Client Group recorded $148.7 million in 2024 sales volume,
Luxury agent Frank Aazami joins Compass in Arizona Read More »
I recently gave a talk to a few hundred real estate professionals in Chicago. I started with the map below of the U.S. showing the days on market for pending home sales in different states. It’s a stark illustration that the country is divided into two distinct real estate markets. The states with the shortest
The Great Stay: Why the US housing market is divided in two Read More »
The Sun Belt region continues to dominate the U.S. housing market in raw transaction volume, recording 25,857 weekly home sales across its metropolitan areas, nearly six times the Northeast’s 4,452 sales and more than double the West’s 11,061 transactions. However, this sales advantage masks a market efficiency gap. The Sun Belt’s inventory of 353,916 properties
Sun Belt leads sales volume but posts nation’s lowest absorption rate Read More »
Bonus Homes, a real estate technology and investment firm, announced on Tuesday plans to open its headquarters in the Greater Phoenix area after raising $65.5 million in seed funding. A press release from the company said that the seed funding is from Solyco Capital, Redwood Trust, Nextview Ventures, Operate Ventures and Alpaca VC. With the
Bonus Homes lands in Phoenix, unveils home equity release option Read More »
A growing number of U.S. homeowners are finding their only property insurance option is their state’s last-resort program, according to a new report from the National Resources Defense Council (NDRC). Data shows extreme weather driving private insurers from high-risk areas and forcing premiums higher for everyone else. Last resort programs — known as Fair Access
Experts warn of ‘cycle of doom’ for last resort home insurance Read More »
Tucson, Arizona-based independent firm KMS Realty is merging with United Real Estate Specialists, according to an announcement on Friday. Suzanne Rothman, who served as the designated broker KMS Realty, will serve as the managing broker of United Real Estate Specialist. She is also the immediate past president of the MLS of Southern Arizona (MLSSA) and
Tucson-based independent merges with United Real Estate Specialists Read More »
Realty Executives International will consolidate its Arizona operations under a single ownership structure, effective Aug. 1. The consolidation combines the company’s Phoenix and Yuma brokerages with existing offices in Tucson, northern Arizona and the White Mountains under the Realty Executives Arizona Territory name. The realignment brings together nearly 1,000 agents across 24 statewide offices, with
Realty Executives International unifies Arizona operations Read More »
As Arizona grapples with rapid growth and a changing climate, long-standing groundwater regulations are being tested in courtrooms, boardrooms and booming desert suburbs. Developers and regulators are locked in a deepening dispute over how to manage the state’s finite water supplies — with the future of real estate, agriculture and sustainability hanging in the balance.
Arizona homebuilders challenge groundwater restrictions Read More »