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… […]
