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One day after deciding to settle commission lawsuits with a proposed $9.25 million-dollar payout, Redfin, in a May 7 Q1 earning report, showed solid first quarter revenue of $225.5 million, an increase of 5% compared to the first quarter of 2023. Gross profit was $70.8 million, an increase of 22% year-over-year. Real estate services gross…

The post Redfin Q1 Revenue Rises, but Net Losses Up as Well From 2023; CEO Notes New Normal appeared first on RISMedia.

The plaintiffs in a suit known as Batton 1 have filed for a temporary restraining order preventing the final approval of the Keller Williams, Anywhere and RE/MAX settlements.

Low inventory drove prices higher nationwide despite some of the highest mortgage rates in decades, National Association of Realtors Chief Economist Lawrence Yun said on Wednesday.

Netflix's horrendously tasteless London real estate show should kill off the genre entirely  British GQ

Former Downtown New London Department Store Property For Sale  Patch

Plaintiffs in Batton, the largest commission-focused case filed by homebuyers, are seeking to delay approval of settlements that brokerages agreed to in cases filed by homesellers, according to a court filing today, claiming at least two companies are attempting to squeeze in immunity from buyer claims at the last minute. With the final approval hearing…

The post Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity appeared first on RISMedia.

HIG buys last-mile logistics and outdoor storage asset in London  IPE Real Assets

Cushman & Wakefield Signs for New West End Office  CoStar Group

KKR and Amante hospitality venture acquire London hotel in debut deal  IPE Real Assets

Green leases crossing borders - ESG and Real Estate – a European Perspective #2  Dentons

Properties inside London's LTNs are worth up to 108% more than outside  MSN

Inside Rihanna's Homes Through the Years, From Her Luxe LA Rentals to Her Barbados Getaway  Architectural Digest

Email marketing company Constant Contact has rolled out Campaign Builder, an AI solution to automatically generate long-term marketing campaigns.

H.I.G. Realty Invests in Last-Mile Logistics and Industrial Outdoor Storage ("IOS") Near Stansted Airport - London  Yahoo Finance

At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules.

Join us in celebrating real estate's best and brightest innovators at Inman Connect Las Vegas, July 31 to Aug. 1. Submit your nomination now for the 2024 Inman Innovator Awards.

INSIGHT: US’s FinCEN signals real estate is next in line for money laundering crackdown  AML Intelligence

International Assets Investment Management LLC Buys 136860 Shares of Vanguard Global ex-U.S. Real Estate ETF ...  Defense World

German commercial property prices drop 9.6% in Q1, data shows  Reuters

While you need to be aware of the changes going on in the industry, CEO Verl Workman writes, you also need to make sure to keep your focus on what you can control.