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Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy. HW+ Premium Content

Movers & Shakers features executives appointments and news from around the real estate industry.

An influx of buyers from California, Colorado, Florida and the tristate area are looking to buy in Burlington, Vermont. There’s just one problem: there’s hardly any inventory.

NAR President Charlie Oppler writes: You should be able to count on the DOJ to honor an agreement. And yet, in a complete breach of commitment and legal precedent, the DOJ backed out of an agreement with the National Association of Realtors (NAR) that would more explicitly state the spirit and intent of NAR’s Code of Ethics and MLS guidelines in some key areas.

Creating a profitable real estate joint venture requires a substantial financial and management commitment by both partners, as well as compliance with a separate set of regulatory standards under RESPA. 

Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data.

Existing-home sales rose 7% in September after falling in August. But year-over-year, inventory of unsold homes decreased 13% last month to 1.27 million.

Mortgage rates rose to 3.09% during the week that ended Oct. 21, an increase of nearly 40 basis points over the last year. And they’ll likely keep rising

Running a real estate brokerage or team is hard. You’re pulled in a million different directions that can leave you feeling burned out and frustrated. You’re not alone. I rounded up some of the leadership lessons from the show Ted Lasso that were reinforced recently at a few of my brokerage meetings.

Pacaso is expanding quickly into Europe and other luxury markets in the U.S. after receiving $125 million in Series C funding.