Douglas Elliman fires brokerage CEO Scott Durkin

Douglas Elliman continues to shake up its leadership team. In a document filed on Friday with the Securities and Exchange Commission (SEC), the firm announced the termination of Douglas Elliman Realty CEO Scott Durkin, as first reported by The New York Times.According to the filing, Durkin was “term
Read MoreThe Loan Store partners with Gateless for AI-powered mortgage underwriting

Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement.The artificial intelligence-based platform, th
Read MoreNew objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement, University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement.In a document filed on M
Read MoreThe unexpected strength of home prices this year
We track inventory and home sales very closely, so the biggest surprise this year has been the resiliency of home prices. Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second
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