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Arizona

5 states sue Zillow, Redfin over $100M agreement after FTC suit

Arizona, Connecticut, Federal Trade Commission, HWmember, Legal, New York, Real Estate, Redfin, Regulatory, Virginia, Washington, Zillow /

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 […]

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Luxury agent Frank Aazami joins Compass in Arizona

Arizona, Brokerage, Compass, HWmember, People Movers, Real Estate, Real Estate Agents, Robert Reffkin /

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,

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The Great Stay: Why the US housing market is divided in two

Arizona, Florida, Home Sales, Housing Inventory, Housing Market, HWmember, Real Estate, Texas /

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

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Sun Belt leads sales volume but posts nation’s lowest absorption rate

Arizona, Artificial Intelligence, Atlanta, Boston, California, Dallas, Florida, Georgia, Housing Market, Houston, Los Angeles, Miami, Mortgage, New York, New York City, Phoenix, Pittsburgh, Real Estate, San Francisco, Seattle, Texas, West Coast /

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

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Bonus Homes lands in Phoenix, unveils home equity release option

Arizona, Funding, Home Equity, HWmember, Mortgage, Phoenix, Venture Capital /

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

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Experts warn of ‘cycle of doom’ for last resort home insurance

Alabama, Arizona, California, Climate Change, Florida, HWmember, Louisiana, Mississippi, Natural Disaster, North Carolina, Real Estate, Texas, Wildfire /

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

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Tucson-based independent merges with United Real Estate Specialists

Arizona, Brokerage, HWmember, People Movers, Real Estate, United Real Estate /

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

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Realty Executives International unifies Arizona operations

Arizona, Brokerage, HWmember, Phoenix, Real Estate, Real Estate Agents /

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

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Arizona homebuilders challenge groundwater restrictions

Arizona, Climate Change, homebuilder, Homebuilders, HWmember, Real Estate, Regulatory, Regulatory Compliance /

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.

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Top Arizona real estate team with 53 agents joins eXp

Arizona, Brokerage, eXp Realty, HWmember, Real Estate, Real Estate Agents /

Arizona real estate leader Scott Kumler and his team — The Kumler Group — have joined eXp Realty, leaving My Home Group after a high-performing 2024. The 53-member Phoenix Valley team closed more than $80 million in sales across 192 transactions last year, ranking among the top five teams at their former brokerage. “My goal

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