Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. – A Federal Reserve interest rate cut is looking more and more imminent with this month’s Personal Consumption Expenditures (PCE) price index data. The PCE index increased 0.2% from the previous month, and core-inflation rose… […]
Real estate professionals know that attending educational and networking events in-person is one of the best ways to improve and invest in their business by getting actionable takeaways and insights directly from their respected and revered industry leaders. In a post-NAR-mandate world, the importance of learning from brokerage executives and industry experts who are guiding… […]
An investigation from the District of Columbia Office of the Attorney General has uncovered the use of an illegal kickbacks scheme involving real estate agents across several title insurance companies. Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC (Modern) and Union Settlements, LLC (Union) were found to be involved. “District… […]
Above, from left, Liam Coonahan, George Gatt, Jessica Paulucci, David Super and Tracy Wiley. RISMedia recently announced the Top 25 regional Rookie of the Year finalists for 2024. The third annual Rookie of the Year program, sponsored by Colibri Real Estate, is designed to honor real estate agents who are new to the business, yet… […]
RISMedia has extended the deadline to nominate a 2024 Real Estate Newsmaker to September 15, 2024 at 11:59 p.m. EST. This means that you still have two weeks left to acknowledge and applaud your colleagues and peers for their achievements and contributions this year. RISMedia’s 2025 Newsmakers will be spotlighted in Real Estate magazine early… […]
After five consecutive months of declines, consumer sentiment reversed course this month, rising alongside some positive economic signs of lowered inflation and an all-but-guaranteed rate cut by the Fed in September. According to the University of Michigan’s latest report published Friday, consumer sentiment rose 1.5 index points in August to 67.9, up from a 66.4… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Summer is coming to a close, and with some major deadlines looming in a few of the larger cases facing real estate, courthouses have remained relatively quiet these past few weeks. But one… […]
The Federal Reserve’s preferred measure of inflation showed an annual gain of 2.5% in July, within striking distance of the central bank’s long-term mandate of 2%, putting the country firmly on track for a series of rate cuts—likely starting next month. The Personal Consumption Expenditures (PCE) price index increased 0.2% from the previous month, and… […]
The September issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at Inside Real Estate’s new path to innovate in real estate technology: BoldTrail. In addition, we look at the CFA’s recently released consumer guidance, the latest RISMedia Broker Confidence Index, and… […]
According to a filing in federal court today, the National Association of REALTORS® (NAR) is planning to appeal to the Supreme Court after a panel of judges allowed the Department of Justice (DOJ) to reopen its inquiry into several NAR policies. NAR will file its appeal to the nation’s highest court by Oct. 10, the… […]
The one topic currently being discussed across all platforms is the longevity of the real estate professional in today’s evolving industry. The National Association of REALTORS® (NAR) reports that only 11.4% of agents survive their first year. For a real estate agent or team to not just sustain their business but thrive, the fundamental key… […]
Century 21 Real Estate LLC has announced a network expansion in Silicon Valley with its latest affiliation of female-led Anew Elite Realty based in San Jose. According to a release, the boutique luxury firm was established in 2022 by current broker/owner Karen Fangfang Xu. Xu is an international globetrotter, who left her home in China… […]
Paying off a mortgage is a momentous financial achievement. It can happen during the process of selling a home or before. During a sale, homeowners often ask me when they should stop paying a mortgage. My guide will walk you through the entire process, from understanding your mortgage terms to updating your records. I will… […]
Next Tuesday—September 3, 2024—is the final day to nominate a 2025 Real Estate Newsmaker! Don’t miss your chance to acknowledge and applaud your colleagues and peers for their achievements and contributions this year. RISMedia’s 2025 Newsmakers will be spotlighted in Real Estate magazine early next year, and featured in the online Newsmakers directory at rismedia.com.… […]
Stellar MLS showcased its innovative solutions and latest tools for the real estate industry at the 2024 Florida REALTORS® Convention & Trade Expo last week at the Rosen Shingle Creek in Orlando. With some 3,000 registrations and 200 industry experts and exhibitors, the annual event offers real estate professionals an opportunity to connect with industry… […]
REsides, Inc. announced the appointment of William Long as Vice President of Business Development. In this role, Long will leverage his extensive experience in business development and sales to drive growth, expand market share and strengthen relationships with key real estate industry stakeholders across the US. He will focus on creating impactful client partnerships and… […]
Falling to its lowest level since May 2023, the average 30-year-fixed mortgage rate fell again this week to 6.35%, down from last week’s 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 6.35% as of August 29, 2024, down from last week… […]
The National Association of REALTORS®’ (NAR) latest report on pending home sales found a 5.5% drop-off in July 2024. Compared to July 2023, the decline is even steeper at 8.5%. In June, pending sales reversed a three-month decline and rose 4.8%. July also saw the first increase in existing-home sales in four months. Those hoping… […]
Real estate is both a hyperlocal industry and one highly susceptible to both national and macroeconomic trends. Paying attention to the bigger picture might as well be in the job description for any agent or broker. Here are some ongoing real estate trends that agents, brokers and other industry professionals alike should keep in mind… […]
Above, from left, Blake Arceneaux, Taylor Burkhead, Sydney Hathaway, Colton Heffley and Heather Stenson. RISMedia recently announced the Top 25 regional Rookie of the Year finalists for 2024. The third annual Rookie of the Year program, sponsored by Colibri Real Estate, is designed to honor real estate agents who are new to the business, yet… […]
Now that the now-famous date of Aug. 17, when complying with the National Association of REALTORS®’ (NAR) settlement became mandatory, has come and gone, the newest question is what happens if and when real estate renegades operate outside the box? What penalties might there be for those who ignore, bend or outright flout the rules,… […]
This day, which we celebrate on Monday, Aug. 26, 2024, isn’t just a historical marker; it’s a heartfelt call to champion a world where the cherished women in my life, and women everywhere, can flourish unhindered. It’s a day to celebrate our strides forward and to rekindle our dedication to the journey ahead. On Aug.… […]
Editor’s Note: The RISMedia series, Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. Kamala Harris centers down payment assistance as headline housing policy The Democratic National Convention (DNC) wrapped up this past week, with Vice President Kamala Harris as the party’s nominee for the 2024 presidential election… […]
California Regional MLS (CRMLS) is powering a new real estate industry summit to take place this Sept. 16-17 in Los Angeles: Thrive Broker Summit. This summit aims to gather California’s real estate luminaries to discuss how to adapt to a changing industry so every business and broker can thrive. The real estate industry is in… […]
Lead generation is often hailed as the lifeblood of success in our ever-changing industry. Agents are bombarded with promises of quick and easy ways to generate leads through various platforms, tools and strategies. But here’s the harsh truth, most of these lead gen strategies are setting you up for failure. The numbers game: Quantity over… […]
Editor’s Note: The RISMedia series, Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. Kamala Harris centers down payment assistance as headline housing policy The Democratic National Convention (DNC) wrapped up this past week, with Vice President Kamala Harris as the party’s nominee for the 2024 presidential election… […]
Home buyers today browse listings on Zillow, Google search neighborhoods, and scroll through photos of homes on TikTok and Instagram. The industry is changing rapidly, and marketing strategies need to evolve, too. Keeping up with the marketing demands of today means pushing out a consistent stream of engaging and personalized content. It can feel like… […]
The recent legal settlements involving the National Association of Realtors (NAR) and several major real estate brokerages have sent ripples through the industry, prompting many real estate professionals to reevaluate their practices. Central to these legal challenges is the issue of transparency, particularly in how commissions and other transaction details are disclosed to buyers and… […]
HomeStack—a premier developer of white-labeled mobile apps for the real estate industry—is thrilled to announce a new strategic partnership with API Nation—a leading provider of seamless cloud based integration solutions. This collaboration aims to revolutionize the way real estate professionals manage their business and engage with clients by leveraging the robust integration capabilities of API… […]
Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024. This is a slight reverse from last week’s 10.1% drop, as experts feel homeowners remain on the fence waiting for more mortgage rate changes. This week’s data: The… […]
The real estate industry’s litigation list is down by one as the courtroom squabbles between Keller Williams and former CEO John Davis are slated to reach an arguably anticlimactic resolution outside the courtroom. Given a choice between a pair of motions filed by Keller Williams that would decide the fate of the acrimonious legal saga,… […]
It’s coming. The Fed has strongly intimated that an interest rate is coming, most likely at its next meeting Sept. 18, and most everyone connected to real estate sales awaits with great hope. But will it really make a difference? Will one single rate cut of perhaps as much as half a percentage point really… […]
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. The most effective way to implement social media to grow your business is to branch out into ads across your platforms. The perfect social media strategy not only… […]
Century 21 Real Estate is expanding the brand’s presence in Southern Massachusetts with its latest affiliation: Custom Home Realty with offices in Mendon and Framingham. The dual office brokerage was originally founded in late 2017 by broker/owners Deborah Flanagan and Naomi Vogt. Together, the duo have guided their company to become one of the premier… […]
RISMedia recently announced the Top 25 regional Rookie of the Year finalists for 2024. The third annual Rookie of the Year program, sponsored by Colibri Real Estate, is designed to honor real estate agents who are new to the business, yet already achieving extraordinary results. Here, we spotlight the five regional finalists from the Southeast.… […]
The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, rose in August to 103.3, from an upwardly revised 101.9 in July, while the Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved to 134.4 from 133.1. The Expectations… […]
Home prices again appreciated year-over-year, although the rate continues to slow monthly, pointing again toward a normalization of the market through the coming months and in 2025. The S&P CoreLogic Case-Shiller Home Price Index for June 2024 saw a 5.4% annual gain in home prices, down from the 5.9% annual gain last month. The 10-City… […]
While the pace of home-price growth has slowed, homeowners with a mortgage saw their tappable equity soar to an all-new record high through the second quarter of 2024, according to the August 2024 ICE Mortgage Monitor Report. Tappable equity, the amount homeowners can access while keeping a 20% equity cushion, reached a new peak of… […]
A group of eight REALTORS® from various states, all represented by the same California attorney, filed a lawsuit on Aug. 23 in Los Angeles Superior Court, accusing Move, Inc., the National Association of REALTORS® (NAR) and Move parent company News Corp subsidiaries such as real estate lead generation technology platform Opcity of seven charges, centering… […]
Probate in real estate refers to the legal process of transferring property after a homeowner’s death. This process involves validating the deceased’s will, settling debts and distributing assets to heirs. Understanding probate is crucial for buyers, sellers and inheritors of real estate. Understanding estate planning for the family should never be overlooked. My guide will… […]
As of August 17, 2024, the National Association of REALTORS® (NAR) has officially implemented major rule changes. These changes, crafted as part of a settlement package by NAR, which continues to face numerous class-action lawsuits from homesellers, are centered around removing cooperative compensation offers from MLS listings and mandating explicit representation agreements between real estate… […]
Above, Trish McCall. Shown below, additional McCall team members. Photo credit: Ashley Gomez of Digital Twinners As a traveling sales rep some 25 years ago, Trish McCall was logging 1,000 miles a week when she listed her Northern California home for sale. “I had a fabulous agent,” McCall said. “She did a great job for… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Homie Technologies sues NAR Homie Technologies—a Utah-based flat-fee firm—filed an antitrust lawsuit against the National Association of REALTORS® (NAR) in the U.S. District Court for the Central District of Utah on Aug. 22.… […]
Weichert, Realtors has announced the company was recently named one of the nation’s best places to work, according to the Forbes list of “America’s Best Employers by State” for 2024. The real estate brokerage ranked No. 15 out of 90 New Jersey employers, a release noted. “We are honored that Weichert, Realtors is once again… […]
RISMedia is still accepting nominations for its next class of Real Estate Newsmakers—those individuals from across the U.S. who are making headlines for their commitment and contributions to the real estate industry in 2023, as well as going the extra mile to positively impact their peers, colleagues, clients and the communities they serve. The 2024… […]
New-home sales, which have been up and down this year after experiencing historic surges post-pandemic, saw another major jump in July, according to the U.S. Census Bureau, rising a blistering 10.6% from the previous month and 5.6% from a year ago as buyers flocked to new builds against the backdrop of economic and interest rate… […]
The Department of Justice (DOJ) and eight state attorneys general on Aug. 23 charged real estate software company RealPage with helping conduct an illegal endeavor to drive up the price of rents in cities across the United States, using “algorithmic pricing software” to allow landlords to coordinate rather than compete to the detriment of renters.… […]
Real estate investors are prime leads for agents, offering repeat business through frequent transactions, whether flipping properties or expanding rental portfolios. Their practical, business-focused approach often results in smoother, faster deals, free of the emotional challenges typical buyers may face. If you’re an agent looking to boost your efficiency and earnings, targeting real estate investors… […]
The possibility of a September interest rate cut just became a much more imminent promise, according to a speech given by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, today. At the Central Bank’s annual Wyoming retreat, Powell reflected back on the fight against inflation since the pandemic, and gave a preview of the… […]
On Monday, August 19, HomeServices of America and Douglas Elliman—the two brokerage defendants in the ongoing Lutz v. HomeServices of America, Inc. suit—filed a joint complaint to have the homebuyer commission lawsuit dismissed. Settlement agreements for commission lawsuits have been reached by the National Association of REALTORS® (NAR), with the association’s agreed-upon rule changes going… […]
During these times of residential real estate practice changes and new legal logistics, Canopy REALTOR® Association/Canopy MLS has an ace in the hole with CEO Anne Marie DeCatsye. While advocating for the value of a REALTOR® and executing an effective consumer education campaign, she also has a law degree, which helps immeasurably as she guides… […]
As the industry adjusts to the new normal with the mandated changes to NAR policy for buyer agency having rolled out Aug. 17, there have been no shortage of opinions on the new rules for buy-side contracts and cooperative compensation. Real estate icon and RE/MAX Co-Founder and Chairman of the Board, Dave Liniger, who has… […]
In yet another of the seemingly endless legal actions filed within the real estate industry over the past few years, this time it was Homie Technologies on Aug. 22 filing an antitrust lawsuit in U.S. District Court for the Central District of Utah, claiming the National Association of REALTORS® (NAR) and other companies “conspired” to… […]
Above, Whitney LaCosta and Jemila Winsey More than 400 of the industry’s most powerful residential real estate decision-makers will converge on Washington, D.C., September 4 – 6 for RISMedia’s 36th Annual CEO & Leadership Exchange, where we’ll candidly discuss the most critical trends and issues currently affecting real estate professionals and reshaping the future of… […]
The National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in Q2 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home. The median price of a new home in Q2 was $412,300 vs. the… […]
The real estate industry is overflowing with turnkey software that’s exactly the same across every installation. While this is often fine at the agent and, to an extent, broker levels, a “one size fits all” strategy isn’t robust enough for the needs of MLSs, particularly when it comes to property data. Flood maps, for example,… […]
Three weeks ago, in my blog titled “Going for Gold,” I delved into the Olympics, capturing the essence of competition and camaraderie. Building on that theme, this week I want to explore the upcoming Paralympic Games. As we look forward to these games, they provide another dimension to our understanding of sportsmanship and resilience. As… […]
Would you like excellent moving tips for the summer? Moving after selling your home in the summer can present unique challenges and opportunities. The warm weather, peak moving season and specific logistical considerations all play a role. My guide will teach you to manage these factors effectively to ensure a seamless transition. I will provide… […]
Sales of existing housing inventory in the U.S. reversed course in July, posting an increase after four months of decline. This data comes courtesy of the National Association of REALTORS®’ (NAR) monthly update on existing-home sales. The report showed that total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—increased 1.3% from June… […]
The 30-year fixed-rate mortgage (FRM) remains at the low level seen recently, from last week’s average of 6.49% to a current average of 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.46%, down from last week when it averaged 6.49%. A… […]
With Aug. 17 in the rearview mirror, real estate professionals are now navigating a new era of real estate—one they’ve been preparing for since the NAR practice changes came about as a result of last year’s legal settlement. In an effort to help agents and brokers transition into this new era of real estate, on… […]
It seems the benefits of AI in real estate are largely categorized as time and cost savings. With AI, real estate professionals can elevate their game by focusing on their clients and brands, freed up from writing ad copy or managing operations. However, AI tools can, and should, do much more for real estate professionals.… […]
Above, from left, Courtney Bullock, Victor Gutierrez, Shirley Kimmel, Kaitlin VanRoosendaal and Yankun Zhen. RISMedia recently announced the Top 25 regional Rookie of the Year finalists for 2024. The third annual Rookie of the Year program, sponsored by Colibri Real Estate, is designed to honor real estate agents who are new to the business, yet… […]
To reverse an informal idiom, it’s probably true that all agents can walk the walk, but can they all talk the talk? Accompanying clients to view homes for sale (the walk) is the easy part. The ability to understand and be able to convey the many nuances, legal machinations, commission details, price fluctuations, negotiating tactics… […]
Inside Real Estate, a real estate software company, has announced it has expanded its enterprise partnership with RE/MAX, LLC, to bring its next-gen technology portfolio, BoldTrail, to all RE/MAX network members in their company-owned regions across the U.S. and Canada. RE/MAX, LLC originally partnered with Inside Real Estate in 2022, successfully rolling out MAX/Tech powered… […]
Forging through a year engulfed in ongoing lawsuits and unexpected scandals and topped off by rising interest and mortgage rates and skyrocketing home prices, this year’s RISMedia Real Estate Newsmakers Hall of Fame class not only stands out for their companies’ continued success in an increasingly difficult market, but also for their firms’ newsworthy accomplishments… […]
In a filing Tuesday, Aug. 20, the Gibson vs. NAR plaintiff attorneys—which includes the Burnett trial’s Michael Ketchmark—requested the court grant them one-third of the $110.6 million settlement pool (which equates to $36.8 million) as payment for their legal fees and work on the case. Specifically, the filing stated that “Class Counsel respectfully request that… […]
In the ever-evolving world of residential real estate, accurately understanding and conveying property value is paramount. At the core of this endeavor lies a crucial tool: maps. The importance of accurate and insightful mapping cannot be overstated, as it plays a vital role in both pricing and marketing properties. Here are some top tips for… […]
Mortgage applications decreased 10.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024. This is a large decrease from the most recent weeks of increases, however refinance activity remains strong as rates have lowered. This week’s data: The Market Composite Index,… […]
With the release of Real Estate Webmasters’ (REW) newest CRM, the leading real estate technology innovator has leapfrogged every other “all-in-one” real estate platform to take the No. 1 spot in the combined website, lead generation and CRM space, according to the company. “When Zillow acquired Follow Up Boss (FUB), I knew it was time… […]
Midwest Real Estate Data (MRED) has officially announced Charles El-Moussa as the company’s new General Counsel, effective immediately. MRED stated that El-Moussa will play a crucial role in providing legal guidance to the company’s ongoing strategic discussions, ensuring the multiple listings service continues to stay ahead of the curve and navigate the complex challenges of… […]
From left, Mauricio Umansky and Jason Haber When in February the American Real Estate Association (AREA, our acronym usage, not theirs) was created with hopes of becoming an alternative to the National Association of REALTORS® (NAR), it could not have come at a more logical time. For last fall NAR found itself on the losing… […]
The 2024 presidential election is now close enough to count down the time in weeks, not months. As the campaigns heat up ahead of the Nov. 5 election, both the Democratic and Republican parties are hitting the campaign trails to share their messages with the American people. Both candidates have highlighted their housing-related positions and… […]
I write this on the eve of the NAR proposed settlement rule change deadline. The same settlement which specifically excluded companies our size from coverage–those having sold more than $2 billion in residential real estate. We are dealing with it the best we can, but assuredly it has not been without a high degree of… […]
When the market is in flux, and there’s a focus on regulatory changes on the horizon, it can be difficult to maintain an accurate representation of business performance. It’s something that leading brokerages have had to face, weighing the impact of a difficult market and balancing that with consumer and agent sentiment during an increasingly… […]
In real estate, being a “Luminary” means being a larger-than-life role model in this industry. Being a “Trailblazer” means innovating new technologies and programs to better serve everyone from agents to consumers. Whether it’s dedicating their lives to the betterment of the industry at large or working to evolve our business through innovation, those in… […]
RISMedia recently announced the Top 25 regional Rookie of the Year finalists for 2024. The third annual Rookie of the Year program, sponsored by Colibri Real Estate, is designed to honor real estate agents who are new to the business, yet already achieving extraordinary results. Beginning this week, we will spotlight the five finalists from… […]
huntington & ellis, A Real Estate Agency, has announced the company has ranked No. 3,883 on Inc. Magazine’s annual Inc. 5000 list, which ranks the nation’s fastest-growing private companies. Achieving a 118% three-year growth rate, this marks the brokerage’s fifth consecutive year being recognized and its third consecutive year as the only Nevada-based real estate… […]
Better Homes and Gardens Real Estate Northwest Home Team, with offices in Tumwater, Yelm and Chehalis, Washington, has announced the company has acquired 253 Realty in Tacoma, Washington, to expand the firm’s service area and market share in Pierce County. According to a release, 253 Realty was founded by Shawn Viguerie in 2013. Before starting… […]
Selling a home with an existing mortgage involves several crucial steps. My easy-to-understand guide will walk you through the entire process. In my article, you will learn the following information: Steps to sell a house with a mortgage Managing equity and dealing with negative equity Legal and tax considerations for home sellers From almost forty… […]
In the modern age of social media forms and the storytelling that comes with them, blogging feels like a bit of an outdated form of marketing. This, however, is absolutely untrue. Blogging is a lost art of marketing, with many ways to pursue it that can be tailored specifically to the face your real estate… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. This past week was a busy one on the real estate commission lawsuit front as the deadline for NAR practice changes agreed to back in March when the association chose to end its… […]
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term, fell by 0.6% in July to 100.4, following a decline of 0.2% in June. Over the six-month period ending in July, the… […]
Real Estate Webmasters has announced a strategic partnership with Jeff Kennedy, an industry veteran with over 12 years experience in advisory roles at LeadingRE. Through this newly established consulting firm, Maverix Advisory Group, Kennedy will serve as REW’s Industry Engagement Partner. In this new role, Kennedy will spearhead REW’s efforts to directly engage with brokers,… […]
As the son of an immigrant family that now owns multiple homes, Luis Molina—a real estate agent with eXp Realty in Long Island—understands the significant influence immigration plays on the housing market. His team recently helped a buyer who immigrated to the U.S. two decades ago—a business owner who wished for homeownership since coming to… […]
As Americans prepare to head to the polls in the fall, one subject will be on the mind of almost every voter in November: housing. As the country faces an affordability crisis and a historical lack of housing inventory, bold solutions are necessary to fix our current housing market. In June, the Treasury Department put… […]
As the residential real estate industry begins a new chapter, marked by material changes to how business is conducted, the National Association of REALTORS® (NAR) has named Nykia Wright its permanent chief executive officer, effective immediately. An accomplished business executive and former CEO of the Chicago Sun-Times, Wright has served in the interim CEO role… […]
Trust is the cornerstone of the agent-client relationship, but for some, it has been harder to come by these days due to the endless litigation the industry has been embroiled in. For Peter Gustis, a Pennsylvania-based REALTOR® at Springer Realty Group, conversations about lawsuits and settlements have been unavoidable as he expresses concern about the… […]
Do you have an artificial intelligence strategy for your brokerage? As AI rapidly becomes more embedded into your agents’ smartphones, marketing tools, front office and back-office support systems, having an AI strategy for your brokerage is no longer optional. Here are three things you need to know to stay ahead. Don’t sit on the fence:… […]
With all the recent media attention, by now most everyone is aware of major changes afoot in real estate this month. Commentary has run the gamut from the demise of the industry to real estate services in the future will now be essentially pro bono. Pardon if my words convey a dash of sarcasm yet,… […]
The construction of new U.S. homes fell to a 16-month low in July, according to the Census Bureau and the Department of Housing and Urban Development (HUD) on Aug. 16. Factors likely influencing the result are Hurricane Beryl, an oversupply of new houses and high mortgage rates and home prices. The fifth consecutive monthly decrease… […]
The National Association of REALTORS® has issued a final reminder to members, real estate professionals and consumers that on Saturday, August 17, 2024, the practice changes following NAR’s settlement agreement that would resolve claims brought on behalf of homesellers related to broker commissions, will be implemented nationwide. According to a release, REALTOR® MLSs (those owned… […]
Homebuilder confidence slipped in August as the housing market grapples with affordability headwinds and buyer skittishness amid high interest rates and home prices, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Thursday. The index, which measures builder sentiment, dipped two points to 39 in August from a… […]
Closing a deal for your client feels like crossing the finish line, but there’s always the potential for the contract to fall through somewhere along the way. Bright MLS, the second-largest multiple listing service covering the Mid-Atlantic region, wanted to know how concerned REALTORS® should be about this—a question that drove its recent report, “Getting… […]
Not many real estate executives can offer a more comprehensive and expert overview of the compliance implementation starting today, Aug. 17, as Sue Yannaccone, president and CEO of Anywhere Brands and Anywhere Advisors. She is responsible for overseeing both company-owned brokerages and franchise operations across Anywhere’s six brands, including Better Homes and Gardens® Real Estate,… […]
The future of real estate is still unwritten. Still, Nykia Wright, the National Association of REALTORS® (NAR) interim CEO, is encouraging members to at least help co-author it as the industry continues to face its share of challenges ahead. “I understand that people are frustrated with things, but bring that frustration in-house so that we… […]
For prospective homebuyers, there is more than just finding a forever house to take into consideration when beginning your search in today’s challenging market. Safe neighborhoods, additional costs and property resale value are also things that should be contemplated to guarantee a comforting and affordable transition into a new home. As their real estate agent,… […]
Selling a condo involves unique challenges and considerations. My guide will explore navigating HOA rules, understanding special assessments and necessary disclosures. I will also provide insights on how long it takes to sell a condo and the best times based on location and seasonality. From my thirty-eight years of experience, you will also get specific… […]
As the real estate market gains steam, it’s time for leaders to rethink and revamp their approach to success. In an upcoming session at RISMedia’s CEO & Leadership Exchange, future-focused brokers will share how they’re shifting their marketing, technology and training gameplans to capitalize on a growing market in a lively and interactive discussion. The… […]
While housing accessibility and affordability pose the biggest challenges in the Niagara region—and throughout Canada as a whole—sales have been steady in 2024. This month, we take a look at a boutique brokerage with a big presence in the region and what’s driving foreign investment in the area. Ted Boldt Owner/Broker of Record Boldt Realty… […]
Whether you are relatively new to real estate or an experienced veteran, I’m sure we can all agree that our industry is in the midst of a lot of change. For many of us, the changes that are following the NAR lawsuit are fundamentally changing the mechanics of the business. That’s why it may seem… […]
With the exception of one increase over the Fourth of July, the average mortgage rate has either dipped or remained flat for the last 10 weeks, continuing the trend this week with little movement and remaining at its lowest level in over a year. This week’s Primary Mortgage Market Survey® (PMMS®) from government-sponsored enterprise (GSE)… […]
All eyes are locked on the upcoming November court date that will decide whether the proposed actions from the National Association of REALTORS®’ (NAR) settlement receive final approval. As changes begin to take effect this month, however, the frenzy of what-ifs continues to run rampant, and Clever Real Estate is the latest organization to throw… […]
Editor’s note: Robert Reffkin will be one of 120+ speakers at RISMedia’s 36th Annual CEO & Leadership Exchange, September 4-6, in Washington, D.C. Learn more and register to attend at https://events.rismedia.com/ceo-exchange-2024. Having grown up as the son of a real estate agent, I know firsthand that this business is built on change. As the first… […]
Brown Harris Stevens has announced that Lisa Simonsen and The Simonsen Team have joined the firm’s flagship office on Park Avenue in Manhattan. With a history of luxury transactions across notable NYC properties, Simonsen has transacted more than $2 billion dollars over the course of her 20-year career, the company stated. “Lisa Simonsen is recognized… […]
Having a rock-solid referral system is every agent’s dream and–when done well–can be the cornerstone of your success. Whether you’re a seasoned real estate agent or just starting out in this industry, developing a reliable referral system can significantly boost your client base and sales. With the right techniques, you’ll foster strong relationships that turn… […]
In a program designed to honor real estate agents who are new to the business yet already achieving extraordinary results, RISMedia’s third-annual Real Estate Rookie of the Year awards, sponsored by Colibri Real Estate, today revealed the Top 25 regional finalists for 2024. Five regional winners will be chosen from among the Top 25, and… […]
CubiCasa, a software firm specializing in floor planning technology, has announced a new partnership with brokerage franchise NextHome. Together, NextHome and CubiCasa will aim to attach a floor plan to all NextHome listings. “We are thrilled to partner with CubiCasa. In today’s real estate market, agents need to demonstrate their value more than ever,” said… […]
Increased mortgage application activity reached a new record this week, increasing 16.8% from one week earlier, when it hit its highest volume since January with a 6.9% increase, according to the latest Weekly Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 9, 2024. The Refinance Index increased 35% from the… […]
The Consumer Price Index (CPI) was up 0.2% from June to July 2024 and up 2.9% from a year ago, according to the latest data from the U.S. Bureau of Labor Statistics. The Index measures the costs of goods and services across the American economy so as to track inflation levels; as such, it is… […]
In real estate, being a “Futurist” means always looking ahead to move the industry forward. Being an “Influencer” means inspiring others through new perspectives and guidance. Whether it’s advocating for better standards and practices to build a better industry or sharing expert insights to the masses, those in our industry who demonstrate these qualities should… […]
The way that real estate business is conducted is changing, and the industry must accept and adapt, adhering to fiduciary duties and ensuring transparency with clients. In the latest RISMedia webinar—”Countdown to August 17–Compensation and Commission Strategies Post-NAR Mandate”—thousands tuned in to hear real estate experts discuss how they’re handling new commission guidelines, risk management,… […]
Above: Liz Hogan, Michael LaFido, Riezl Baker, Michael Altneu Working with affluent buyers requires a unique set of skills and knowledge—and a commitment to go above and beyond to ensure that high-net worth clients get the personal, hands-on experience they’re looking for. With continued growth expected in the luxury sector through the remainder of 2024… […]
There are signs that the market is gradually heading towards more balance across much of the Mid-Atlantic, according to new data from Bright MLS. The Bright MLS July 2024 Housing Report found that new listings are up 5.5% year-to-date, much stronger than 2023. That the number of new listings is higher than the number of… […]
The National Association of REALTORS®’ (NAR) latest quarterly report shows that in Q2 2024, single-family existing-home sales prices rose in 89% of metro areas measured—a whopping 199 out of 223 metros measured by NAR—down from 93% in Q1. According to the report, the national median single-family existing-home price also rose, spiking 4.9% from last year,… […]
In an upcoming keynote presentation at RISMedia’s CEO & Leadership Exchange, Bright MLS Chief Economist Lisa Sturtevant will provide an update on economic and housing market trends as we head into the last quarter of 2024. Sturtevant will discuss the key factors we need to watch in order to better understand where the market is… […]
The National Association of REALTORS®’ (NAR) new rules on offers of agent compensation kick in August 17. That’s when offers of agent compensation can no longer be included with listings on the Multiple Listing Service (MLS). Additionally, buyer agents must have written buyer representation agreements in place before taking their buyer clients to tour homes.… […]
Not homesellers, not homebuyers, not the Department of Justice (DOJ), but real estate agents themselves are now suing the National Association of REALTORS® (NAR) for alleged conspiracy and antitrust behavior, focused on the requirement that agents join NAR and local REALTOR® associations to access the MLS. Filed yesterday in federal court in Michigan by two… […]
In a second quarter earnings report August 12, Fathom Holdings, which includes flat-fee brokerage Fathom Realty, the tech-focused, full-service brokerage under its corporate umbrella, trumpeted a 12% agent count rise from a year ago, to 12,224, even with high mortgage rates and home prices lowering its transaction volume by 8%. Fathom Holdings CEO Marco Fregenal… […]
Interest rates are critical in the real estate market, especially in selling condominiums. Understanding this impact can help buyers, sellers and investors make informed decisions. Introduction to interest rates and condo sales Interest rates are the cost of borrowing money, typically expressed as an annual percentage of the loan amount. They influence the affordability of… […]
The back to school period of transition offers more than just a return to academia; it serves as a rich source of leadership lessons applicable to the corporate world. In this blog, I’ll share insights from five different perspectives—parents, children, teachers, family planners and corporate leaders—highlighting how each offers unique lessons in leadership. The Adaptive… […]
As brokers stare down the barrel of the August 17 deadline, when changes agreed to by the National Association of REALTORS® (NAR) in its commission lawsuit settlement will go into effect, most are confident their agents are prepared to at least cover the basics of altered real estate rules and practices—things like updated forms and… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. This weekend, the practice changes agreed to by the National Association of REALTORS® (NAR) last March, in its agreement to settle seller commission lawsuits, go into effect. The ever-practical agent community is likely… […]
Realty ONE Group has announced Derek Carlson—founder, CEO and broker of MVP Realty Associates, LLC—as the new CEO and Broker for Realty ONE Group MVP in Florida. “Joining Realty ONE Group MVP is not just a career milestone—it’s a strategic move towards empowering REALTORS® in a dynamic and forward-thinking environment,” Carlson shared. “This role allows… […]
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Per the latest survey by Freddie Mac, mortgage rates experienced a noticeable drop during the first week of August 2024–the lowest rate in over a year, in fact. The 30-year mortgage rate is 6.47%, down… […]
When it comes to successfully guiding clients through the real estate process, transparency is key. Proving your worth and value as a real estate professional is critical—and perhaps even more important today, given the policy changes required under the National Association of REALTORS®’ (NAR) Settlement Agreement in the seller commission cases taking effect this month. … […]
Legacy franchisor RE/MAX posted another quarter of decline in revenue and agent count year-over-year. The latest financial information was released Aug. 8, with a virtual earnings call for investors Aug. 9. In a statement, CEO Erik Carlson explained that Q2 results were “better than expected,” as financial results were anticipated to be lower than previous… […]
Confidence in the market for new multifamily housing declined year-over-year in Q2, according to results from the Multifamily Market Survey released today by the National Association of Home Builders. “Multifamily developers are less optimistic than they were at this time last year,” said Tom Tomaszewski, president of The Annex Group and chairman of NAHB’s Multifamily… […]
Anthony Lamacchia was named 2024 REALTOR® of the Year by the Greater Boston Association of REALTORS® at its Annual Awards & Networking Breakfast in Boston. “I am honored to receive this recognition and would like to express my sincere gratitude to everyone who participated in the selection process,” said Lamacchia. “It’s a privilege to be… […]
In new court legal briefs concerning the data-theft case, Move, Inc. and CoStar Group, the parent companies of Realtor.com and Home.com urged the judge to take their side regarding the timing of expedited discovery and other matters The latest back and forths came via CoStar’s supplemental memo on Aug. 7 to the U.S. District Court… […]
On July 24, the U.S. House of Representatives’ committee on financial services (HFSC) subcommittee on housing and insurance held a hearing, “Housing Solutions: Cutting through Government Red Tape.” Topics and ideas discussed were primarily related to examining regulatory barriers and other hot-button housing topics. But, a central theme of discussion was rent control, which was… […]
The California Association of REALTORS® (CAR) announced it has named Phil Hawkins as its new CEO. Hawkins currently serves as CEO of the Pacific West Association of REALTORS® (PWR), one of the largest local real estate associations in California. He was selected as part of a nationwide search by CAR’s leadership team and a search… […]
Succession planning isn’t merely about choosing a successor; it’s about cultivating potential leaders long before there’s an empty seat at the top. Future leaders need to be identified, nurtured, and multiplied to secure the organization’s continuity and success. In “The Leader’s Greatest Return,” John C. Maxwell outlines a ten-step method for fostering a new generation… […]
When Larry Rideout got married and had a family, he decided it was time for a career change. He explored what was out there and found real estate extremely interesting and lucrative. So, in 1984, Rideout became a REALTOR® as a means toward upward mobility and to be home more with his family. Eventually, he… […]
Selling a home can be challenging, but with the right seasonal strategies, you can make your property stand out. Whether it’s fall, winter, or the holiday season, tailoring your home to the time of year can attract more buyers and potentially speed up the sale. I have put effort into giving you the best advice… […]
More than half of the Opportunity Zones targeted for economic redevelopment around the U.S. saw median home price gains as price trends inside those zones continue to closely follow—and often outpace—national market patterns, according to the latest ATTOM report. Opportunity Zones were created in 2017 by the Trump administration, providing tax incentives for developers to… […]
As a result of the NAR settlement, new nationwide changes to MLSs must be completed by Aug. 17 and updates to the OneKey MLS® will occur on Aug. 8. The Hudson Gateway Association of REALTORS® reminds members, real estate professionals and consumers on what these changes—which may influence how consumers negotiate and provide compensation to… […]
While many industry incumbents are eyeing August 17 with nervousness, preparing for some level of turbulence and uncertainty, Zillow is coasting into the new real estate world on the back of a spectacular earnings report and confidence from executives that the company is well-positioned to take advantage of upcoming changes. The portal giant’s stock popped… […]
A critical aspect of real estate transactions is the need for strategic enhancements to maximize property value. From landscaping to major repairs like roofing or foundation fixes, these investments are pivotal in the “improve-to-sell” approach favored by agents and homeowners alike. Yet, the greatest challenge often lies in financing these improvements. Originating in the competitive… […]
The 30-year fixed-rate mortgage (FRM) dropped drastically to the lowest level seen in over a year, from last week’s average of 6.73% to a current average of 6.47%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.47%, down from last week when… […]
Remember Show and Tell from when you were a little kid in school? You’d get in front of the class with something kinda neat and then provide the backstory. It was fun, right? Well, now it’s adult Show and Tell time, but it’s serious business. Most jobs involve working with the same people for years… […]
From left, Jeremy Wacksman and Rich Barton Zillow Group, Inc. announced on Aug. 7 that longtime executive and Chief Operating Officer Jeremy Wacksman has been promoted to chief executive officer and is simultaneously joining the company’s board of directors. Wacksman succeeds co-founder Rich Barton, who remains on the Zillow Group board and becomes co-executive chair… […]
Fannie Mae has released its latest Home Purchase Sentiment Index® (HPSI), tracking changes in consumer attitude over the month of July 2024. That month, the index decreased 1.1% to 71.5, suggesting an overall lack of enthusiasm. Changes in consumer responses are minute but indicative of a negative trend. Key details: 17% of respondents said that… […]
Consistent economic growth and demographic trends sustained multifamily demand at the start of the third quarter, according to the latest Yardi® Matrix National Multifamily Report. Yardi stated that the average U.S. publicly advertised rent or “asking rent” rose 0.8% year-over-year through July, or $4 to $1,743. The national occupancy rate in June remained at 94.6… […]
Corporate quarterly reports, unless they include dramatic swings in earnings, are often same-old, same-old. However, when the industry is in a state of flux, as is the case with residential real estate, often the comments made by the leading executives are more telling than the numbers. That was the case with Redfin on Aug. 6,… […]
With just over a week before the changes agreed to by the National Association of REALTORS® (NAR) in its lawsuit settlement go into effect, the Consumer Federation of America (CFA), a non-profit that has been sharply critical of the real estate industry, released guidance aimed at consumers ostensibly meant to help buyers and sellers through… […]
Mortgage applications increased 6.9% from one week earlier, reaching the highest volume seen since January of this year, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 6.9% on a… […]
Professions in America have almost always evolved over time. Technology, trends and many other details and aspects of the working life have caused changes, with the progress both good and bad, depending on one’s point of view. For REALTORSⓡ, the recent past has seen their jobs become not just often more difficult but for many… […]
A major part of a residential real estate agent’s job is providing information and guidance to buyer clients that help them in all kinds of ways. Of course most of it has to do with the purchase process itself, but there are other insights to impart. One of the most important concerns is their safety… […]
Real estate firms of all shapes and sizes are under the microscope in today’s litigious real estate environment, making risk mitigation more important (and more complex) than ever. A panel of brokerage, MLS and legal experts will reveal where the biggest risks lie and how to prevent your firm from coming under fire in this… […]
Above, Melanie Cameron With 30 years of experience behind her in a sought-after seaside market, Melanie Cameron knows what it takes to be successful: steadfast commitment, great communication, and a client-first approach that fosters lasting relationships. “We are fortunate to work in a coastal market that draws people who want to live where they vacation,”… […]
Anywhere Real Estate today has announced the release of an updated purpose story that includes new enterprise values and an expanded purpose statement. Called “The Anywhere Way,” the company says the refresh “builds upon the distinct Anywhere position in the industry as the company continues to lead through change and accelerate transformation across its uniquely… […]
Harry Norman, REALTORS® has announced that several agents have received honors in some of Atlanta’s most respected real estate industry awards programs, including Modern Luxury’s Interiors Atlanta 2024 Real Estate Awards, Atlanta Agent Magazine’s 2024 Agents’ Choice Awards and Atlanta Magazine’s Real Estate All-Stars. Agents were recognized for their strong performances in various categories, a… […]
Brian Bair, chief executive officer of iBuyer Offerpad Solutions, said during his company’s Q2 earnings call that the real estate landscape is bound to change for agents–with buyers potentially moving towards unassisted transactions. “I believe strongly that buyers are going to get used to dealing with the sellers directly. I think there’s going to be… […]
The Jason Mitchell Group has announced record-breaking Q2 earnings with a net profit of $3.98 million, marking a 24% increase from 2023. The company said this achievement underscores its operational efficiency and its continued dominance in the real estate industry. JMG stated it wrapped up 2023 with 8,100+ transactions and a total sales volume of… […]
In real estate, being an “Achiever” means utilizing your skills and putting in the effort to find success for your business, your team and your brand. Being a “Crusader” means advocating for a better future for the industry, consumer and communities in which you work. Whether it’s rocketing a business to new heights or sharing… […]
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Entering the real estate industry can be exciting for aspiring young professionals, but many are often left wondering what they can do better to gain new long-term clients.… […]
With a Federal Reserve rate cut on the tongues of every industry economist, the mortgage market is readying itself for a boom in refinancing. United Wholesale Mortgage is at the forefront of the charge, as executives expressed in their Q2 2024 earnings call on Tuesday, Aug. 6. Q2 2024 results for UWM include an adjusted… […]
When inventory is high, interest rates low, bidding wars common and there are no lawsuit judgments potentially depressing buyer-agent commissions, brokerage executives are often mostly concerned with simply keeping tabs of who sold what and for how much. Now? Amid all the industry uncertainties, it’s never been more crucial for those at the top to… […]
A regional commission-focused lawsuit filed by recent homebuyers appears on track to settle, potentially becoming the first such lawsuit to do so and setting precedent for the much larger national cases that target major brokerages and the National Association of REALTORS® (NAR). The Illinois-based case known as Tuccori was filed back in December of 2023,… […]
In more signs the market may be normalizing, Realtor.com’s latest housing report shows inventory levels rising to a post-pandemic high, along with price cuts reaching their highest rate since October of last year. According to Realtor.com®’s July Monthly Housing Market Trends Report, the market is becoming more buyer friendly with homes actively for sale growing… […]
The holiday season is a unique time for the real estate market. Understanding how holidays affect home sales now can guide buyers and sellers in making informed decisions if they decide to enter the market at that time of year. I have provided detailed information to help potential home sellers whether it makes sense to… […]
Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, has announced the acceptance of seven companies to the 2024 REACH Commercial program. This marks the sixth cohort dedicated to scaling solutions for commercial real estate. NAR stated that companies selected for the 2024 program represent a diverse range of solutions across… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. CoStar Granted Expedited Discovery in Realtor.com’s Data-Theft Lawsuit CoStar Group’s application to expedite discovery in the data-theft lawsuit filed against them by Move, Inc. (Realtor.com®’s parent company) has been granted by the court. … […]
A longstanding practice, the very concept of buyer agency—and the value buyer’s agents bring to the home-buying journey—is being challenged within the industry today. As practice changes required under the National Association of REALTORS®’ (NAR) Settlement Agreement go into effect this month (as of press time), Realtor.com is doubling down on its commitment to not… […]
As the mortgage industry continues to see signs—lowering mortgage rates and worsening applications—that point to the strong possibility of a Federal Reserve interest rate cut this fall, lenders continue to fight through challenges and work to profit. Rocket Companies has continued to fight the changing tide of mortgage market challenges and see success, as their… […]
Broward, Palm Beaches & St. Lucie REALTORS® announced the licensing agreement of their award-winning Only a REALTOR® campaign’s Box of Memories commercial with the recently merged Greater Tampa REALTORS® and Pinellas/Central Pasco REALTOR® Association. “It takes a collective effort and investment to influence change on such a grand scale, and this licensing partnership continues our… […]
Above, Brian Buffini Forget everything you knew about how real estate worked in the past. That was then, and this is now. Gone are the days of real estate being an easy living to earn quick cash for minimal effort. Economic shudders compounded by recent court rulings and a landmark legal settlement on how real… […]
The National Association of REALTORS® has announced the roster of its 2025 Leadership Academy class. Twenty REALTORS® from across the country have been chosen to participate in the 10-month program, which will prepare emerging state and local volunteers for future leadership positions at NAR. “The Leadership Academy develops and prepares upcoming leaders to help shape… […]
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. – The Federal Reserve announced that they are continuing to keep rates steady and are again making no changes at the latest FOMC meeting on Wed., Aug. 31. Inflation has cooled, however it is yet… […]
In a second quarter earnings call Aug. 1, Anywhere Real Estate reported $30 million in profits for the quarter, reversing a downward trend over the last few quarters to post an $11 million increase from the same period last year. Revenue remained relatively flat YoY, with $1.669 billion reported, a slight decline over last year’s… […]
Yesterday, Opendoor, the largest and oldest iBuyer, announced its financial results for the second quarter of 2024, also addressing recent settlements and the impacts on buyer agents and sellers. In the wake of recent settlements, investors asked Opendoor CEO Carrie Wheeler about the impact on the company as a result of new buyer agent contracts… […]
The U.S. added 114,000 jobs in July, below the average monthly gain of 215,000 over the prior 12 months, according to the latest data from the Bureau of Labor Statistics. Markets reacted negatively to the news, with all three domestic indices down over 2% at around midday Friday. The unemployment rate rose slightly, up 0.2%… […]
Property highlights: Location: Las Vegas Listing price: $22.9 million Features: 9,500-square-foot, three-story estate with six bedrooms and eight bathrooms. Added appeal: 10-car garage, media/game room with wet bar, gym, wine room, steam shower, cold plunge, resort-style pool and terrace with skyline views. Imagine the allure of Las Vegas pulling in the grandeur of Hollywood, as… […]
Let us delve into the Olympics, an event that embodies the pinnacle of high performance and global aspirations. I have always admired the Olympics for its power to bring together the world’s elite, each demonstrating their relentless dedication and exceptional skills. As Jim Rohn wisely stated, “Don’t join an easy crowd; you won’t grow. Go… […]
Today’s top producers expect (and deserve) more from their brokerage than ever before, and won’t hesitate to jump ship for the promise of better resources and stronger leadership. A panel of top brokerage executives will be discussing what they’re doing to help agents increase success and remain loyal in an upcoming session at RISMedia’s CEO… […]
Selling a house during slow months can be challenging. However, with the right strategies, it’s entirely possible to close a deal quickly. I have put significant effort into providing the best advice to achieve home sale success at the least ideal time. You will find information in these crucial aspects: Practical tips and strategies for… […]
eXp is seeking to position itself as a safe haven for agents worried about navigating the upcoming changes created by the National Association of REALTORS®’ (NAR) settlement, set to go into effect on Aug. 17, speculating that transitioning will be difficult for smaller companies and claiming that MLSs are mulling extremely harsh penalties for agents… […]
While there’s no direct correlation between interest rate cuts and mortgage rate dips, per se, both segments saw some positive news this week, with the Fed signaling Wednesday that there will likely be one more rate cut this year, and the 30-year fixed-rate mortgage (FRM) averaging its lowest point since February, according to the latest… […]
In the first quarter of 2024, Compass exceeded its expectations with market and agent count growth. During the company’s Q2 earnings call, held on Wed. July 31, 2024, the company again reported that it was outpacing general market trends and claimed it was sitting on a path to continued success. Highlights: Compass remained free cash… […]
ATTOM Data Solutions has published its U.S. Home Equity & Underwater Report, tracking changes in nationwide home equity levels during Q2 2024. The latest report comes with good news: Almost half (49.2%) of mortgaged residential properties in the U.S. were considered equity rich during the second quarter. This is up from the 45.8% in Q1.… […]
The National Association of REALTORS® has published new resources to help guide consumers on the impact of the March 15 settlement agreement and support both REALTORS® and consumers as they navigate the changes required by the agreement. “Prior to and throughout the Settlement litigation, NAR has remained committed to protecting consumer choice and transparency, and… […]
RISMedia is proudly accepting nominations for the 2025 Class of Real Estate Newsmakers! This one-of-a-kind recognition program is designed to spotlight and celebrate individuals from across the U.S. who are making headlines in 2024 for their commitment and contributions to the real estate industry, as well as going the extra mile to positively impact their… […]
Unsurprisingly, Federal Reserve (Fed) officials made the decision not to cut interest rates yesterday afternoon, despite indicators that the economy is slowing. Rates currently remain at an unchanged figure between 5.25% and 5.5%, with Fed Chair Jerome Powell suggesting that September may be the appropriate time to make cuts. Powell indicated that “a reduction in… […]
