News / Features

Warren Buffett’s HomeServices of America settles compensation lawsuit for $250 million

HomeServices of America is the last defendant to settle in the case.

An orange work of art in Palm Springs

This vibrant, orange stucco home in Palm Springs is even more colorful on the inside.

Over 7,000 build-to-rent units in Phoenix’s pipeline

With 4,030 build-to-rent units completed in 2023 — a 10-year high — Phoenix is the No. 1 metro in the nation for this type of new construction.

@properties and Christie’s International Real Estate opt to settle broker-commission lawsuits

At World Properties LLC, the Chicago-based company that owns @properties and Christie’s International Real Estate, has agreed to settle all claims brought by sellers relating to broker commissions.

CoStar Group acquires 3D capture company Matterport

CoStar Group Inc., a global real estate information marketplace, will acquire Matterport, which pioneered the development of “digital twins”: the 3D capture method which can deliver photorealistic, virtual home tours.

Portico now fully sold

“As a luxury developer new to Arizona and eager to take a prudent approach, sales for Portico outpaced all our expectations,” said Elizabeth Brooks, executive vice president of sales and marketing for Belgravia Group.

Construction underway at new build-to-rent community in Avondale

Trilogy Investment Company broke ground on Rêve at Avondale Station, a 107-home build-to-rent community in the Maricopa County city of Avondale.

Local builders honored at 38th annual MAME Awards

Among the big winners were Camelot Homes, which won Builder of the Year, up to 250 closings, and Shea Homes, which won Builder of the Year, over 250 closings.

After four months of growth, builder confidence remains flat in April

The survey also revealed that 22% of builders cut home prices this month, down from 24% in March and 36% in December.

Hailed as a win for NAR, Supreme Court rules against large development fees

NAR and other housing groups backed the lawsuit and submitted statements to the justices.

Top BHHS Arizona Properties agents honored at 2023 sales awards

Among the top award recipients were the Allan & Murphy Luxury Property Group, which was named the No. 15 small team in the brokerage’s global network.

Landsea Homes sells out Marketside Tercera at Verrado

All 123 homes in Marketside Tercera at Verrado, a neighborhood within the Verrado master-planned community in Buckeye, are sold out.

The 10 most expensive new listings in Arizona

The priciest new listings in Arizona include a $15,000,000 stone estate with donated beams from the Hopi Nation and repurposed materials from a 15th century Spanish mission.

DOJ can resume its antitrust investigation into NAR, appeals panel rules

An appeals panel ruled the DOJ could resume its antitrust investigation into NAR. 

Leo Pareja takes over as CEO of eXp Realty

Pareja replaces former CEO Glenn Sanford, who will maintain his roles as founder, chairman and CEO of eXp World Holdings.

After fallback, millennials surge to make up the largest share of homebuyers

Millennials surpassed baby boomers to make up the largest share of homebuyers last year, according to NAR’s latest Home Buyers and Sellers Generational Trends report.

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