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 ...read more
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....
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 ...read more
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 ...read more
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 ...read more
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...
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...
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...
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...
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 ...read more