While the National Association of REALTORS® (NAR) may be celebrating its latest win against the U.S. Department of Justice (DOJ), it is still unclear whether the latter will stop meddling in a mix of lawsuits that NAR is caught in the middle of. The agency had requested ...read more
The challenges of a shifting housing market and mortgage environment continued to have a cooling effect on home price growth last month. Recent data from the leading index on home costs tallied the fifth consecutive month of declines in November. The S&P Case-Shiller Index...
The National Association of REALTORS® has announced Marki Lemons Ryhal as the new host of its popular podcast, Drive With NAR. Lemons Ryhal is a REALTOR® with Exit Strategy Realty in Chicago. “As we evolve the Drive With NAR podcast channel, we are thrilled...
Ahead of its 10-year anniversary, global real estate brokerage franchise network, Berkshire Hathaway HomeServices, has unveiled a new look. Celebrating the success of the past decade and expansion to more than 12 countries, 1,500 offices, and 55,000 real estate professionals, a bold, modern design...
Whether you are already a team leader or thinking about forming a team, setting short-term as well as long-term goals is an important part of your overall business strategy. Establishing a clear and concise plan will help your team know what to expect and...
Patrick Lencioni warns of five dysfunctions that threaten the stability and success of any team. His five dysfunctions are all real threats that I've personally witnessed over and over while coaching teams of all sizes. I've also found that clarity in communication cuts through...
As we kick off another year, agents and home sellers are looking ahead. The past year has been one of rapid growth and change: from skyrocketing home prices to skyrocketing interest rates, it was a year that kept everyone on their toes. But as experts predict a much-needed ...read more
When you search for a new home, you may find it's not as easy as you expect. There could be competition for a home you want to buy, and there will be paperwork and processes to navigate before you own the property. While looking...
Home prices have been the subject of much discussion throughout the recent housing market struggles. The current housing market correction has been slowing price growth, and luxury homes are now seeing year-over-year declines. However, a new Realtor.com report found that starter homes prices are...
California Regional Multiple Listing Service (CRMLS) has announced it has expanded their partnership with Styldod, the AI-enhanced virtual staging and image editing product solution, to integrate an identification and analysis process for listing photos. The photo analysis software—an API integrated within CRMLS' product ecosystem...
While many in the real estate industry are working to reduce costs, United® Real Estate has announced it is expanding investments in its business network. The company attributes this growth to its business model, which includes focus on proprietary technology. In particular, there is...
ERA Real Estate has announced the affiliation of ERA Valley Wide Homes based in Fresno, California. The company serves the Central San Joaquin Valley, including Fresno, Clovis and Madera and the foothills toward Yosemite, Shaver and the Giant Sequoias. The brokerage is led by...
JPAR®–Real Estate has announced the company was recently named a Top Franchise for 2023 by Franchise Business Review. This is the 18 th annual ranking of the 200 best franchise opportunities as rated by franchise business owners. The annual Franchisee Satisfaction Awards is North...
For Sale By Owner. What that lawn sign means is that the homeowners think they can do what agents do and save the commission. You know of course that your skills would almost certainly translate to a higher sale price, but it's smart to...
Our HomeServices family of companies honored the tradition of MLK Day of Service with a wide variety of company events. So, in the spirit of leaders who give back, I want to dedicate this post to a Black leader whose contributions changed our country,...
There are many ways for real estate professionals to present their listings. With the rise in technology over the past few years, the impact of the pandemic plus the rate at which millennials and Gen Z homebuyers are entering the market, it has become more important than ever to ...read more
There's still a way to go before the Federal Reserve gets inflation under control. However, the signs of progress continue to come in as personal consumption expenditure (PCE) inflation—the Fed's preferred measurement—also shows signs of deceleration. New data released by the Commerce Department on Friday show that PCE dipped ...read more
After half a year of declining contract signings, new data from the National Association of REALTORS® (NAR) shows that pending home sales in December snapped the cold streak. NAR's Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased by 2.5% to 76.9 ...read more
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. In a sign of better times ahead, mortgage rates continued to decline this week. The 30-year fixed-rate mortgage averaged 6.13% this week, down from...
Coinciding with the cooling housing market, the frequency and severity of lawsuits filed against real estate professionals have escalated. A contributing factor to this phenomenon is self-reported frustration from buyers who completed transactions at the height of the market1. At Victor Insurance Managers LLC,...
In today's busy world, driving the adoption of MLS-provided tech tools can be a real challenge. While these helpful tools are meant to empower members to succeed in the market, lack of awareness is often the culprit when it comes to low adoption rates....
Out of all the market challenges of 2022, first-time homebuyers had some of the biggest. With high home prices and equally high mortgage rates, many felt locked out of the market. Now, experts across the industry are expecting a cooldown to approach sometime within...
For the month of November, 2.9% of all mortgages in the U.S. were in some stage of delinquency, representing a 0.7 percentage point decrease compared to 3.6% last year, according to a new report from CoreLogic. According to CoreLogic's monthly Loan Performance Insights Report,...
Renting the average three-bedroom home is more affordable compared to owning a single-family home in the nation's largest counties with populations of at least 1 million, according to a new report from ATTOM. ATTOM's 2023 Rental Affordability Report analyzes the rental vs. the housing...
When you move from home to home, you will find stuff you don't need. Some of these items can be donated to charity instead of being thrown away, but taking them to a thrift store isn't always easy. However, getting your home ready for...
Anywhere Real Estate has announced that Egbert L.J. Perry has joined its board of directors. This appointment brings Anywhere's board up to 12 members in total. “I am honored to join the well-regarded Anywhere Board of Directors,” said Perry, “and I look forward to working with my Board colleagues ...read more
HomeSmart has announced its acquisition of metro Atlanta-based brokerage Solid Source Real Estate Companies and its nearly 2,000 agents. The company says this latest acquisition makes HomeSmart the leading transaction-fee brokerage in Georgia in the following categories based on 2022 metrics: Agent count 4,047 Transaction sides 11,021 ...read more
Editor's Note: The Playbook is a new RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they're employing and unique ideas they've formulated. Tune in...
New home sales continued to grow in December, rising 2.3% from November's rate of 602,000 to 616,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. New home sales have been continuously rising since October, increasing...
The 30-year fixed-rate mortgage (FRM) averaged 6.13% this week, a slight tick down from last week's dip to 6.15%, according to the latest Primary Mortgage Market Survey® (PMMS®), from Freddie Mac. This week's numbers: 30-year fixed-rate mortgage averaged 6.13% as of January 26, 2023,...
The crucial roles of leadership, proper messaging to employees and agent retention in tough times were the main expert opinions provided by several residential real estate company leaders at RISMedia's Real Estate's Rocking in the New Year virtual conference, held earlier this month. In...
Editor's Note: This is part of a monthly video series from the NATIONAL ASSOCIATION OF REALTORS® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia's Daily Real Estate Advisor. Using a...
Mere weeks after being dealt a sizable blow by the Supreme Court, The National Association of REALTORS® (NAR) secured a more significant victory Wednesday when a U.S. District Court sided with the association in its ongoing dispute with the U.S. Department of Justice (DOJ)....
Greg Fisk—operating principal and broker at JPAR Maryland Living in Arnold, Maryland—is passionate about working with entrepreneurs to create businesses that give back. He's also a huge proponent of education, ensuring that his agents have the resources, tools and information to inform the consumer...
After a strong rebound at the beginning of the new year, mortgage applications continued their increase last week, albeit at a slower pace to 7.0% from one week earlier. The week ending Jan. 13 saw a 29.7% increase from the first week of the...
MoveEasy has announced that Georgia Perez is joining their team as chief growth officer. Perez, described by the company as an industry veteran, has previously served as a broker for Windermere Real Estate and executive vice president of MoxiWorks for 11 years. “The opportunity...
In a blockbuster deal that could reverberate across the real estate industry and beyond, CoStar is deep in talks to purchase Move, Inc. (the parent company of realtor.com®) from News Corp. First reported by Reuters, a News Corp spokesperson provided RISMedia with a document...
NAR PULSE—Buying your first home in this market isn't easy, but where there's a will there's a way, especially when guided by the expertise of a REALTOR®. Watch “First-Time Buyer,” streaming now on Hulu and FirstTimeBuyer.realtor, and share with your agents! RPR®'s Best Success Stories from 2022 Your ...read more
Register today for the REALTOR® Broker Summit in Kansas City, Missouri–April 17 & 18, 2023! Registration includes full-day exclusive content from NAR's powerhouse speakers, networking reception and networking round tables. $299.00 Super Early Bird ends on 1/31. Visit the official Broker Summit site to...
Weichert Real Estate Affiliates, Inc. has announced the company has been recognized as one of the top franchises across the United States and Canada for the 19th straight year in the Entrepreneur Franchise 500®. Entrepreneur assesses several factors for its evaluation of franchises, including...
eXp Realty® has announced it has signed a letter of intent for exclusive enhanced services and pricing with Realty.com, a listings platform that connects qualified sellers and buyers directly with real estate agents. This partnership will provide participating eXp Realty agents the opportunity to gain a competitive advantage with ...read more
There's a new kid on the block when it comes to the hottest shiny objects in the tech world of 2023, and I expect it will revolutionize how we utilize Artificial Intelligence in both our personal and professional lives. It's called ChatGPT and if...
If you have an unfinished basement in your home, you might have long had plans to make it into a usable space. Your basement could be used for many different purposes; entertaining, exercising, watching movies, and another bedroom. Your basement could become a valuable...
The total number of loans now in forbearance remained at 0.7% from November to December 2022, as stated in a new report from the Mortgage Bankers Association (MBA). According to the MBA's latest monthly Loan Monitoring Survey, 350,000 homeowners are in forbearance plans. The...
Forbes Global Properties has added Profusion Immobilier to its invitation-only membership network, the company has announced. Founded by Louise Rémillard in 2008, Profusion is the first and largest independently owned luxury agency in Quebec, with 85-plus brokers to its name. As part of this...
It is a chorus that has reverberated across the industry: let those who actually work in real estate guide the evolution of how homes are bought and sold. Now, some of the leading voices elevating this mantra are putting their weight behind a brand-new...
Setting goals for your team is an important part of your business plan. It's also an excellent way to get everyone fired up and on board to implement new strategies. Involving your team members in the planning also gives them a sense of ownership...
According to NAR, most real estate agents don't make it to the fifth year of their career, with the majority of those who drop out leaving in their first and second years. There are many possible reasons for this, but one that I'm seeing...
Weichert Real Estate Affiliates, Inc has announced that the Phoenix, Arizona firm formerly known as Rattler Realty, has joined its national franchise system. Now known as Weichert, Realtors® – Rattler, the firm is one of Arizona's premier real estate agencies, the company said. The brokerage is owned and operated ...read more
People always need to move. That simple fact is more important than ever as the housing market shifts, and mortgage rates, inflation and geopolitical uncertainty squeeze both buyers and sellers. Even so, surveys continue to show that people move for personal reasons, not based...
Inside Real Estate has announced that it has joined forces with BoomTown. This combination creates an industry-leading provider of residential real estate software and services, across product and customer segments, the firm stated. “This is the first day of an exciting new chapter for BoomTown and our clients,” said ...read more
Adding to an ongoing series that examines digitalization in housing from a variety of perspectives, last week, Harvard published a handful more papers exploring the swift, often chaotic changes created by new technologies in real estate, parsing out both opportunities and threats as more...
For much of the past two-and-a-half years, it has been a housing market free-for-all, with bidding wars, multiple offers over list price and homes purchased sight unseen. But all of that is changing as the housing market is set to correct in 2023. Note...
Remodeling-market sentiment posted a reading of 66, declining 17 points from last year, according to the National Association of Home Builders (NAHB)/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter. “Remodelers on balance remain positive about the market, but we saw how inflation...
It's become less of a debate and more of a fact recently that having a good work/life balance is one of the pillars of mental health and sustainable productivity, not only among individuals, but among companies. But balancing work and life differs from person...
Building on its enterprise relationship with Inside Real Estate (IRE), the developers of kvCORE, RE/MAX, LLC recently began offering the RE/MAX-branded platform–MAX/TechSM powered by kvCORE–to affiliates across the U.S., the company has announced. Following a successful launch of the tech ecosystem in Canada in...
There is a lot to learn and understand about the housing market, especially amid shifting conditions and economic uncertainty in the U.S. As if navigating the market wasn't complicated enough for consumers, the start of a new year filled with projections of supply shortages,...
On January 2, as football fans watched the Buffalo Bills play the Cincinnati Bengals, 24-year-old Bills safety Damar Hamlin tackled Bengals wide receiver Tee Higgins during the final moments of the first quarter. An ESPN correspondent broadcasting the game described what happened next: “...
Existing-home sales retreated for the eleventh consecutive month in December, according to the National Association of REALTORS®' (NAR) recent existing home sales report. NAR's latest data on existing homes found that total existing-home sales decreased 1.5% to 4.02 million, and YoY sales were down...
Utah has the most new homes being built per 1,000 residents at 11.7, according to a new report from portlandrealestate.com. Portlandrealestate.com's new report analyzed what states have the most new houses being built. The report found that Utah's numbers are double the U.S. average...
Editor's Note: The Mortgage Mix is RISMedia's weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday. -After a momentary tick back up, rates are falling again, hitting 6.15% this week as Freddie Mac Chief Economist Sam Khater said he is tracking...
San Diego-based Point Mortgage, Inc. also known as Point Companies, LLC, has announced that the Prodehl Family of Companies has purchased an ownership interest in Point. The Prodehl Family of Companies owns and operates Coldwell Banker Real Estate Group in the Midwest. “We are...
Software development company TKI has released its quarterly nSkope Predictive Analytics Report, showing that “Empty Nesters” and retirees may have a significant impact on the U.S. real estate market over the next 12 months. The report, published quarterly, aims to give real estate professionals...
Moderator: Kymber Lovett-Menkiti, President, Keller Williams Capital Properties, Washington D.C.; Broker Relations Liaison, National Association of REALTORS® Panelists: Christian Barnes, President/CEO, Better Homes and Gardens Real Estate Kansas City Homes, Overland Park, Kansas Howard W. (Hoby) Hanna, President, Howard Hanna Real Estate Services, Pittsburgh, Pennsylvania Nancy ...read more
Housing starts, building permits and completed construction all decreased in December, but only by small percentages, according to the latest new residential construction data from the U.S. Census Bureau. Housing starts in December were at a seasonally adjusted annual rate of 1,382,000, 1.4% below...
The current level of inflation has impacted the home-buying plans of 92% of millennials, and nearly half (47%) say high interest rates are a significant barrier to homeownership, according to a new report from Clever. Clever's latest report asked millennials who are planning to...
Downtown is the heart of a city, both literally and metaphorically. While downtown areas grew less popular with the pandemic, 2023 might be the time for their comeback. StorageCafe's latest report analyzed the 30 most populous cities in the U.S. and ranked them by...
While your home can attract interest in property listings and appeal to buyers during showings, the price must also be correct. Even if the buyer falls for your home, the price could prevent them from making an offer. If house pricing is too high,...
Editor's Note: The Playbook is a new RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they're employing and unique ideas they've formulated. Tune in...
Perfecting online content, pouncing on opportunities and preaching positivity were the major points made by Real Estate Webmasters CEO Morgan Carey during an exclusive one-on-one with RISMedia Founder, President and CEO John Featherston as part of Real Estate's Rocking in the New Year virtual...
Mortgage rates dipped again this week, a downward pattern in recent weeks that economists say is providing a much-needed boost to the housing market. This week, the 30-year fixed-rate mortgage (FRM) averaged 6.15%, down from 6.33% last week, according to the latest Primary Mortgage...
Above Left to Right: Mike Pappas and Christina Pappas The Keyes Company, Florida's largest independent brokerage, has announced the start of its fourth generation of leadership as the firm nears a century of operation at the forefront of the real estate industry. Christina Pappas...
The U.S. began as a melting pot, and still continues this legacy today. Almost every person in the U.S. can trace their roots back to other cultures and countries. One of the largest cultures in our country now is undeniably Spanish; whether Hispanic or...
The rise of iBuying did not happen in a vacuum. Although these companies and those with iBuying services face ongoing market challenges, the truth is that the conditions and technologies that allowed them to flourish—and the marks they will leave on real estate—have more...
In today's market, there's no denying the power of real estate videos. In fact, studies have found that video listings receive more than 400% more inquiries than listings without video—and that 85% of buyers and sellers prefer working with a real estate professional who...
Michael Urie Broker Solid Rock REALTORS®, a member of Leading Real Estate Companies of the World® Claremore, Oklahoma https://solidrockrealtors.com Region served: Northwest Oklahoma Years in real estate: 23 Number of offices: 7 Number of agents: 176 Tell us about your company's growth strategy. Our...
Strategies to thrive in a shifting market, how newer agents can best be mentored, and ways to optimally use tech tools were the major talking points for four company leaders at RISMedia's Real Estate's Rocking in the New Year virtual conference, held earlier this...
Homebuilders entered 2023 on a high note as new data from the National Association of Home Builders (NAHB) shows that the modest declines in interest rates helped snap a 12-month lull in sentiment. In its latest NAHB/Wells Fargo Housing Market Index (HMI), the index...
Mortgage applications increased 27.9% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 27.9% on a seasonally...
While a lot of people used to social media may find using the apps very obvious, everyone has been new to something once and social media definitely is not everyone's cup of tea. That being said, it is an essential marketing tool nowadays, and...
NAR PULSE—Rely on Your REALTOR® Store for the best onboarding tools, including NAR's newly released and updated 2023 Code of Ethics products, to help strengthen your orientation process and empower your agents. Shop today and save 10% when you buy the 2023 Code of...
It's been a hard stretch as of late in the housing market, with inventory shortages and record-breaking highs in mortgage rates and home prices. Yet, in spite of navigating a tough market and making significant compromises, 4 in 5 who bought in the past...
Forbes Global Properties has named El Moriarty as its chief operating officer. Moriarty has been with Forbes Global Properties since its beginning in 2020 and previously served as the company's vice president of member services. She will start in her new role effective immediately....
RISMedia is excited to announce a new partnership with BeachesMLS, a multiple listing service serving over 42,000 Broward, Palm Beaches and St. Lucie REALTORS® to bring its best-in-class articles and need-to-know information to its subscribers' via RISMedia Premier News Service. BeachesMLS will deliver a...
The changing tide of the housing market has pushed several companies to reevaluate their gameplans for the future. While navigating a more challenging environment may seem cumbersome to some, it also presents a vision of new possibilities to others. That's how Glenn Sanford, founder,...
Single-family rent price increases dropped to 7.5% year over year in November, the lowest growth recorded since May 2021, with all four tracked price tiers posting lower gains than a year earlier, according to a new report from CoreLogic. CoreLogic's latest Single-Family Rent Index...
Revive, a pre-sale home renovation solution for sellers, and SOLD.com, an online real estate marketplace and educational resource provider, have announced a partnership. The companies intend that, through this partnership, the 45,000-plus agents in the SOLD.com network will be able to unlock inventory and...
There's a lot of worry in the market right now. I hear agent after agent discouraged about rates, inventory, and buyer or seller reluctance. While this might be understandable, it's incredibly unhelpful and, frankly, bad for business. Instead of worrying, I suggest just getting...
It wasn't that long ago that we kept our important home documents in a large, brown, heavy paper folder which opened like an accordion. You could label each pocket with a sticker. ‘Refrigerator Warranty.' Now, where did we put that again? The junk drawer?...
When you sell your home, of course, you want to get the best price. If you take the time to address your home's shortcomings, you will find a buyer faster and be more likely to sell for the price you want. Tackling repairs, deep...
People always need to move. That simple fact is more important than ever as the housing market shifts to a down-cycle, and mortgage rates, inflation and geopolitical uncertainty squeeze both buyers and sellers. Even so, surveys continue to show that people move for personal...
Regional Spotlight–The post-pandemic housing market has taken hold in the Mid-Atlantic region, with home prices and sales retreating to levels last seen when Americans were chasing Pokémon and “Stranger Things” debuted on our screens. Home sales were down 38.4% across the region, as buyers...
With 2022 behind us, real estate professionals are gearing up for a brand-new year. Here are five things you can do now to ensure that you're positioned for success…no matter the market. Create an Unwavering Mindset. Everything starts with our psychology. As we lead our teams and consumers through ...read more
This market is tough; no two ways about it. So, ensure you are working your easy “wins.” Make sure you take the time to optimize your profiles on all agent-based and social media platforms to showcase your talents and skill sets. Don't lose out...
Lack of guidance can take a huge hit on retention in real estate. Luckily, offering an effective mentorship program could fix this. According to a recent LinkedIn report, employees across all industries are looking to grow, with 94% reporting they would stay at a...
Real estate brokerage leaders are rarely a pessimistic group, yet more than half believe the global economy (63%) and the U.S. economy (51%) will deteriorate in 2023. That's according to the new Delta Real Estate Leadership Survey of more than 100 brokerage leaders of...
Prosperity Home Mortgage, a subsidiary of HomeServices of America, has announced that Justin Messer has been promoted as its president and CEO. Tim Wilson, who has served as president and CEO since 2014, will continue as chairman of the board. These changes were effective...
Winter is here, but that's no reason to stop selling. Tougher conditions are likely to make homeowners dissatisfied with their current home. Once they start browsing some attractive new listings, that's when it's your job to catch their eye. Since you're selling in a...
From time to time, people will send me articles they think might be of interest, and this week, I received a text from one of the top agents in the country and a dear friend, Andy Tse of Intero Real Estate Services. He wrote:...
Above: One-bedroom apartment in Porto Montenegro residential area This month, two Leading Real Estate Companies of the World® (LeadingRE) members discuss the trends shaping the market across the pond. Golden Group–Astra Real Estate Kotor, Montenegro Jelena Damjanovic Vidakovic, PR & Marketing Manager https://astrareaestate.me Tell...
Heading into 2023, the housing market has not crashed the way many predicted, but it has taken a severe beating, driven largely by a historically fast increase in mortgage rates—which, in turn, reflect the Federal Reserve's campaign to fight inflation through raising interest rates....
In the ever-changing and record-breaking housing market that we experienced in 2022, there was a mass shortage of inventory of homes for sale. This caused many prospective buyers to turn to manufactured homes in order to make their homeownership dreams come true. However, this...
Editor's Note: The Mortgage Mix is RISMedia's weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday. According to Mortgage News Daily, the 30-year fixed mortgage rate currently sits at 6.07%, a negligible drop of 0.07% from where it sat on Jan....
Real estate transactions can get complicated, and with a lot of money and emotions involved, having a trusted professional on your side to look out for your best interests is essential. Buying a house without a REALTOR®® is a significant mistake, and with the...
In early 2022, following the unexpected spike in U.S. home sales in 2021, the leadership at RE/MAX, LLC saw an opportunity to advance the evolution of RE/MAX technology in a manner that would upgrade the services provided to its agents, teams and offices across...
I spent much of the last few months of 2022 traveling to a variety of events, and the reception the LGBTQ+ Real Estate Alliance and I have been afforded was incredible. Despite the challenges the LGBTQ+ community is facing in statehouses across the nation,...
The U.S. housing market continued to show signs of normalizing in December, with inventory and time on market increasing and listing price growth moderating, according to a new report from Realtor.com®. After the frenzy of the past two years, this suggests good news for...
Forbes Global Properties has selected the new Miami firm Legacy Development Sales & Marketing for its invitation-only membership network of top real estate firms, the firm has announed. The firm will serve as the representative of the Forbes Global Properties brand in Florida's Miami-Dade...
RE/MAX North Professionals, a Vermont-based affiliate of the national brand, has acquired the Tamithy Howrigan Real Estate Group, the company has announced. This expansion comes with the opening of a new RE/MAX North Professionals office in the Saint Albans, Vermont market. The Saint Albans...
Editor's Note: The Playbook is a new RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they're employing and unique ideas they've formulated. Tune in...
A petition by the National Association of REALTORS® (NAR) to the Supreme Court in an ongoing MLS-focused antitrust lawsuit was denied this week without comment, sending proceedings back to the lower court and allowing an antitrust lawsuit filed by a pocket listings startup (now...
Recent reports from the U.S. Bureau of Labor Statistics (BLS) found that the deceleration of inflation didn't yield as 2022 came to a close. Overall inflation continued to slow in December, with the latest consumer price index (CPI) report showing prices grew by 6.5%—down...
The 30-year fixed-rate mortgage (FRM) averaged 6.33% this week, down from 6.48% last week, according to the latest results of Freddie Mac's Primary Mortgage Market Survey (PMMS). This week's data: 30-year fixed-rate mortgage averaged 6.33% as of January 12, 2023, down from last week...
For real estate professionals looking to break into the luxury market, one of the most commonly asked questions is “How do you really win your first luxury real estate listing?” When you have the chance to represent an affluent client, of course you want...
Today's big buzz is all about the “new” real estate market. Interest rates hit a 20-year high, inventory remains scarce, but buyers still need to buy and sellers need to sell. The rhythm of real estate continues, despite the kinks in the system that...
A real estate ISA (inside sales agent) is often confused with a receptionist or personal assistant. This is inaccurate and misleading, as a true ISA is so much more. While an ISA is similar to an outside sales agent, they don't attend buyer appointments...
The Hudson Gateway REALTOR® Foundation, the charitable arm of the Hudson Gateway Association of REALTORS®, raised a total of $105,515 in 2022, surpassing its goal of $100,000, the company has announced. The funds will be used to provide 2023 donations to charities and non-profits...
In a long-telegraphed move by the once preeminent mortgage lender, Wells Fargo this week announced a series of “strategic plans” broadly withdrawing from the mortgage market, including eliminating correspondent loans—another major reduction for the long-scandalized mega-bank, which for many years dominated the home-lending industry....
The housing market had an insane year in 2022, and the rental market fell in tandem with the chaos. As housing prices rose, so did rent. Now, as 2023 kicks off, experts at Realtor.com say rent prices look like they could be finally coming...
Mortgage applications increased 1.2% from one week earlier, according to latest data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 6, 2023. This week's breakdown: The Market Composite Index, a measure of mortgage loan application volume, increased...
Multifamily rents fell again in December, dropping $4 during the month to $1,715 (-0.2%), under the strain of weakening demand, according to a new report from Yardi Matrix. Yardi Matrix's National Multifamily Report for December found that year-over-year rent growth declined by 80 basis...
Travis Broadwater, a real estate agent and managing brokerage owner in West Virginia and Ohio, and 2023 Wheeling Board of REALTORS® President, is aligning his two successful real estate offices to the RE/MAX brand. The independent office formerly known as Broadwater Properties will transition...
Looking to crush your 2023 business goals? A solid marketing plan will help you not only maintain your business throughout the year, but also help you stay on track and give you back the time you need to connect more with your clients and...
NAR PULSE—Watch as real estate rookies discover creative pathways to home ownership by following the lead of a REALTOR® in “First-Time Buyer,” streaming now on Hulu and FirstTimeBuyer.realtor! Watch now and share with your agents! RPR®'s “Best Of” 2022 Your agents can gain a...
Paralyzed by option overload, many homebuyers turn to real estate agents for personalized recommendations on everything from a mortgage loan officer to a home inspector. That might make you wonder: just how much do I know about the jobs of the professionals I recommend...
As a professional strapped for time, money or both, you've probably asked yourself if you should go to the next big real estate conference or save yourself the trouble and just stay home. How you schedule your time can mean the difference between profit...
Tony Rios, a longstanding local real estate expert in Menifee, California, has moved his successful real estate office to the RE/MAX brand, the company has announced. Now operating as RE/MAX Diamond Prestige, the office formerly known as Diamond Real Estate Group, Inc. will continue...
Above, Donna Deaton's childhood house before being sold in 2019. The memories, happy and sad, joyous and crushing, return for Donna Deaton whenever she drives by her childhood home, a small brick house on Central Avenue in West Alexandria, Ohio. Which is not infrequent,...
2022 was overall an interesting year for the housing market, to say the least. A housing crisis of record-breaking proportions really tested the limits of the market, but there were glimmers of hope throughout the year. A new report from CoreLogic took a look...
If there's one constant in life, it's that nothing stays the same. What used to work no longer works as well. What used to be necessary is no longer required. Change comes to every industry and is usually a good thing. As we examine...
What a way to start the new year. That's likely on the minds of several folks at Compass as the company kicked off 2023 with a series of belt-tightening moves that offer a glimpse into how the company is weathering the challenging market conditions....
A crucial skill associated with being a successful real estate agent is the ability to deftly handle all kinds of issues that arise. Colibri Real Estate is the nation's premier school for aspiring agents in great part because it has done just that, not...
How did your firm perform financially in 2022? As the books close, most will look immediately to the bottom line for how much profit or cash flow was generated. It is always good to have positive cash flow, but is that the best way...
While year-over-year home price appreciation was up for the 130th consecutive month in November, home price growth ended its 21-month streak of double-digit momentum in November, posting an 8.6% gain, the lowest rate of appreciation in exactly two years, according to a new report...
Scheduling is one of the hardest things to talk about for real estate professionals—not because they aren't adept at managing a schedule, but because every day looks different for every agent, and every agent structures their days and weeks differently. But there are still...
This week my travels find me in Hawai'i, on my annual post-holidays father-daughter trip. And as I spend quality time with my family in Waikiki, I can't help but look around and find inspiration in the place we are – this incredible island locale–and...
Property highlights: Location: Venice, California Listing Price: $5,800,000 Features: 2,522-square-foot private gated compound with four bedrooms and four bathrooms. Added Appeal: Dramatic architectural design, open-floor plan and roof-top deck with expansive ocean views. Most people populate their homes with fine art in the hopes...
Above: Bess Freedman, CEO of Brown Harris Stevens. Photo Credit: Brown Harris Stevens. As CEO of Brown Harris Stevens, Bess Freedman oversees 50-plus offices and more than 2,300 agents across New York, Connecticut, New Jersey and Florida. An attorney who spent several years as...
Continuing to hold up against the Federal Reserve's campaign of rate hikes, the labor market remained strong in December as the country added another 223,000 jobs—spread across nearly every industry—offering more hope that the economy will avoid a severe recession. Unemployment fell from already...
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. It's a cold winter, or at least a cooler market, as mortgage rates saw a 15 bps increase from last week, according to Freddie...
More than 10,000 real estate professionals attended RISMedia's 2023 Real Estate's Rocking in the New Year virtual event yesterday, starting the year off in high gear by sharpening their skill sets and positioning themselves for success in the weeks and months to come, thanks...
The new year is a fresh start—a time to set intentions, to reflect on the successes and challenges of the past, and to make plans for the future. It's the perfect time to seek out inspiration to help determine what you want to accomplish...
For at least the past decade, leading real estate tech providers have focused most heavily on customization. Think white-labeled systems that brokerages can purchase and make available to either agents, buyers and sellers, or both groups. This has been especially true for all-in-one platform...
The EPA estimates that 1 in 6 homes in the U.S. is affected by radon. Any property can have a radon problem – old or new, well-sealed or drafty, with or without a basement. Prolonged exposure to unsafe levels of radon can create an...
If your home has some problems that might put off buyers, selling a house ‘as is' can look appealing. However, choosing this approach may not prove as successful as you hope. Let's look at the essential things to know when you sell a house...
Editor's Note: The Playbook is a new RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they're employing and unique ideas they've formulated. Tune in...
Minutes released yesterday for the Federal Reserve's December meeting provide more confirmation that the central bank plans to hold interest rates high through the entirety of 2023, potentially depressing housing activity for a longer period of time. Enacting a smaller interest rate increase in...
The 30-year fixed-rate mortgage (FRM) averaged 6.42% this week, up from 6.27% the previous week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. This week's numbers: 30-year fixed-rate mortgage averaged 6.42% as of December 29, 2022, up from last week...
eXp World Holdings, Inc. has announced that Glenn Sanford, founder, chairman and CEO of eXp World Holdings, will return as eXp Realty's CEO in addition to his current responsibilities. Jason Gesing, the current CEO, has been appointed Chief Industry Relations Officer of eXp World...
Real estate agents have positive news to bring potentially skittish buyers in the new year. A recent Zillow report suggests that changes made by the Federal Housing Finance Agency (FHFA) could mean that millions of homes are now more accessible financially for consumers. An...
The Institute's Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States. December's report reviews the current statistics for the luxury market in North America month over month, as...
As we kick off a new year, one of the most important things you can do as a real estate professional is reflect back on the year that just ended and take stock of where you fell in relation to the goals you set...
VITALS: Long & Foster Real Estate Years in business: 55 Size: Approx. 220 offices and 9,000 agents Regions served: Eight states and the District of Columbia 2021 Sales Volume: $36 billion-plus 2021 Transactions: 77,000 family moves Real estate is in Larry “Boomer” Foster's blood....
Berkshire Hathaway HomeServices Florida Network Realty has announced their Mega Open House Weekend will return on Saturday and Sunday, Jan. 14-15, 2023. The Mega Open House Weekend features open house viewings of the company's listings of available homes. The listings encompass homes in a...
After what has been one of the most unusual years in recent history for real estate, brokers are—for the first time in five months—feeling better about their industry, with some signs that a battered housing market is finally on the upswing. In December, RISMedia's...
Nearly 10,000 industry professionals have registered for RISMedia's Real Estate's Rocking in the New Year, our third annual virtual event, taking place tomorrow, Thursday, Jan. 5 from 11 a.m. – 4:30 p.m. ET. Click here to register. There's still time to register to see...
2022 was somewhat of a mixed bag economically, including positives such as robust job market and the continued recovery from the COVID-19 pandemic, but also significant negatives such as rampant inflation to rapidly rising interest rates. The mixed nature of 2022 will likely persist...
The latest data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 30, 2022 shows mortgage applications decreasing 13.2% from two weeks earlier. The results include adjustments to account for the holidays, MBA noted. The latest numbers: The...
The January 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 how Fathom Realty answers the question about commissions, an interview with the recipient of the first annual Real Estate...
NAR PULSE—Rely on Your REALTOR® Store for the best onboarding tools, including NAR's updated 2023 Code of Ethics products, available January 5, to help strengthen your orientation process and empower your agents. Ultimate Guide to Prepare for Tax Season–2023 Tax Summit NAR's Financial Wellness...
For the last few years, real estate agents have been working virtually nonstop as buyers and sellers took advantage of a red-hot market. With the market now shifting, agents may feel they need to work even harder to keep their momentum going. This is...
In the coming months, real estate professionals across the country will begin experiencing firsthand the way in which the latest enhancements to Real Estate Webmasters' customer relationship management system (REW CRM) stand to position the platform ahead of anything else available on the market....
Rocket Mortgage has announced the launch of Purchase Plus, a special-purpose credit program intended to increase accessibility to homeownership in underserved communities. The new initiative offers up to $7,500 in credits for first-time homebuyers to use toward their mortgage costs. Purchase Plus is available...
Total construction spending in November 2022 increased modestly by 0.2% over the previous month, topping $1.8 trillion, according to the latest data from the U.S Census Bureau, with private construction spending rising by 0.3% to $1.42 trillion as builders may be seeing some reason...
For the month of October, 2.8% of all mortgages in the U.S. were in some stage of delinquency, representing a 1 percentage point decrease compared to 3.8% last year, according to a new report from CoreLogic. According to CoreLogic's monthly Loan Performance Insights Report,...
The United States is home to the highest number of startups today, with over 70,000 operating across multiple different industries, from artificial intelligence, life sciences, gaming, financial technology, and more. While 90% of all startups fail within their first year, which of the currently...
Training magazine, a publication for learning and development professionals, has named Long & Foster Real Estate to its list of the world's top training companies for 2023—the Training APEX Awards, the company has announced. Long & Foster, which is part of Leading Real Estate...
For Suzanne Miller, founder and president of NYC's Empire Street Properties, taking charge of her personal narrative has become largely anecdotal to her family's tragic history—and the way she recently honored it when she paid a visit to the Auschwitz and Birkenau Holocaust sites...
Across the country, renters and housing providers alike are facing the effects of severely limited housing supply. Rising construction costs, labor shortages, supply chain disruptions and burdensome zoning regulations are hindering the development of new, affordable units in urban, rural and suburban areas. As...
The third season of “First-Time Buyer” by the National Association of REALTORS® (NAR) is now available to watch on Hulu, NAR announced. The unscripted television series, created by NAR in 2020, aims to provide an accurate representation of the American homebuying process. To do...
RE/MAX Terrasol Broker/Owner Leo Betancourt, based in Orange County California, has acquired two new brokerages: RE/MAX Real Estate One in Tustin in August, 2022 and Tiffany Real Estate in Cypress in October 2022, the company announced. With the acquisition of these two offices, Betancourt...
Berkshire Hathaway HomeServices (BBHS) Nevada, Arizona and California Properties, the largest BHHS franchise in its global network, has appointed industry expert John “JT” Thompson as its new general manager, the company announced. “JT epitomizes innovation, integrity and dedication in every aspect of his work,”...
This past November, I had the opportunity to sit down with Rookie of the Year finalist Nicole Dudley during the NAR NXT, the REALTOR® Experience conference in Orlando, Florida, to discuss all things real estate—from how she transitioned into the role by way of...
The new year is just around the corner, and now is the perfect time to start thinking about new relationships. Every agent and broker has worked hard to build a network of vendors and real estate-adjacent businesses to liaison with, but with how fast...
Editor's Note: The Playbook is a new RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they're employing and unique ideas they've formulated. Tune in...
“Home sales will be down somewhere around 8% – 12% for 2023 when compared to 2022, and the year will be 1982 all over again.” That firm, disquieting forecast is the key one made by Lamacchia Realty Broker/Owner Anthony Lamacchia, in his annual Real...
The advance figure for seasonally adjusted initial unemployment insurance claims was 225,000, an increase of 9,000 from the previous week's unrevised level of 216,000, according to the U.S. Department of Labor's (DOL) Unemployment Insurance Weekly Claims Report for the week ending in December 24....
The 30-year fixed-rate mortgage (FRM) rose this week, averaging 6.42%, up from last week's dip to 6.27%, according to the latest results of the Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, Dec. 29. The latest numbers: 30-year fixed-rate mortgage averaged 6.42%...
Danny Fontaine and Michael Pisacreta, two real estate agents based in the Jacksonville, Florida market, have aligned with RE/MAX and opened a new RE/MAX Relations office, the company has announced. RE/MAX Relations opened on December 1, 2022 with eight agents, according to a release....
Imagine having an out-of-state client in town for a day to look at houses. The back-to-back scheduling alone is a huge challenge, but you also want to be sure the deal can move quickly if the client finds said dream home and they want...
Editor's Note: This is part of a monthly video series from the NATIONAL ASSOCIATION OF REALTORS® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia's Daily Real Estate Advisor. In this...
Some believe it's not how you start but how you finish that counts, but it never hurts to start a new year on the right foot. Most real estate professionals would agree that the start of a new year can bring some anxiety, especially...
RE/MAX Impact, based in New Bedford, Massachusetts, has announced that their new broker/owner is Sales Manager Jonathan Wojtowicz. Wojtowicz has recruited more than 15 agents specializing in residential single and multi-family homes, commercial real estate and land. “What makes our office unique is very...
Pending home sales in November fell to a near two-decade low, according to the latest data from the National Association of REALTORS® (NAR), coinciding with a near-term peak in mortgage rates and persistent inflation that has hurt consumer confidence. Sales fell for the sixth...
While new home sales received a slight bounce in November from moderating mortgage rates, the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs and challenging affordability conditions. The National Association of Home Builders reported that newly released data...
Editor's Note: MBA Offices are closed this week and will reopen on Tuesday, January 3, 2023. Due to the holiday, the results for weeks ending December 23, 2022 and December 30, 2022 will both be released on January 4, 2023 and published in RISMedia's...
BoomTown has announced the winners of their second annual BoomTown Give Back Awards, where they gave out over $5,000 to the winners and different charities. BoomTown stated that the Give Back awards highlight members of the real estate community who have gone above and...
The Hudson Gateway REALTOR® Foundation, the charitable arm of the Hudson Gateway Association of REALTORS®, recently presented a check for $3,000 to Lifting Up Westchester (LUW), based in White Plains, New York, the company has announced. LUW provides support to people who have lost...
Are you hoping to get more from your Instagram marketing but feel intimidated by the tool or stuck on what to post? You're not alone. Many agents have Instagram accounts and post the occasional photo of a listing, happy client or testimonial, but is...
NAR PULSE—See what happens as first-time buyers brave the most competitive housing market ever. Spend the holidays watching Season 3 of “First-Time Buyer,” streaming now on Hulu and FirstTimeBuyer.realtor. Watch now and share with your agents! New Year, New Strategies – Preparing for Retirement...
Shortly after mortgage rates spiked in the spring, the U.S. housing market took a turn. According to economists at Wells Fargo, sharply declining home sales, builder confidence and single-family construction have triggered a housing “correction.” Others, like the National Association of REALTORS®' chief economist, are calling it a housing ...read more
NAR is now accepting applications for the 2024 Leadership Academy Class. This program identifies, inspires and mentors emerging leaders and allows them to define their leadership style along the way. Encourage any future leaders in your firm to apply, the deadline is February 7,...
While it isn't uncommon for business owners like yourself to have their hand in all the cookie jars of their daily operations, ask yourself how many of these tasks can be accomplished without your direct involvement. Here are nine ways a virtual assistant can...
Above: RE/MAX Results Managing Broker Todd Stock, left, with Berto Barrera Guiding first-time homebuyers to a successful closing is one of the many joys of the job for REALTORS®, but when language barriers and other hurdles must be overcome to facilitate a successful closing,...
According to the latest data from the leading index on home costs, the downward trend in home price growth held firm in October, marking the fourth consecutive month of declines amid persistent volatility in the housing market and the overall economic landscape. The S&P...
The 30-year fixed-rate mortgage (FRM) averaged 6.27% last week, down from 6.31% the previous week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday, Dec. 22. The latest numbers: 30-year fixed-rate mortgage averaged 6.27% as of December 22, 2022, down from the previous week ...read more
Relitix has announced a partnership with Berkshire Hathaway HomeServices (BHHS) California Properties. The BHHS affiliate has more than 60 offices across southern California. Through this partnership, BHHS stated they will gain access to Relitix's AgentIntel.AI software, a brokerage management solution that provides real-time agent...
ERA Key Realty Services has been named among the top places to work in the state for the seventh time, based on a survey administered by Energage for The Boston Globe. ERA Key, which is based in Northbridge, placed 10th in the large company...
With 2023 around the corner, you're most likely paying closer attention to the current real estate landscape, preparing for what's to come as you enter a new year and a new chapter in your business. You're probably keeping an eye on changing market conditions...
Every agent in the market today is aware of the pressure created by rising interest rates squeezing the budgets of potential home buyers. Long gone are the days of 2.25%, 3%, or 3.5% interest rates that fueled the home-buying frenzy of the last few...
Have you ever thought about what it would be like to never have to pay monthly fees, E&O fees or commission splits to your broker? You're not alone. In the current market, where sales have declined across the country, many agents are beginning to...
The National Association of REALTORS® (NAR) has always played an active role in the commercial real estate realm, supporting an industry that is all-important to our markets, our communities and everyday business. Commercial real estate creates the spaces and places where we live, work...
Tis the season! With most people back to in-person events and holiday traditions, likely you have a full schedule of parties, observances and family gatherings this holiday season. Maybe you are planning on taking some time off and fully putting work on the shelf...
Editor's Note: The Playbook is an RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they're employing and unique ideas they've formulated. Tune in every...
Even if you're a residential REALTOR®, it's not a bad idea to keep an eye on the commercial market. As part of the digital summit held by the National Association of REALTORS® (NAR), Chief Economist Lawrence Yun suggested that the commercial market's losses could...
Not-for-profit research firm The Conference Board released its November reading of leading economic indicators (LEI) today, with that index dropping a full percentage point as forward-looking data continues to indicate pain for the broader economy. Now down 3.7% over the last six months, the...
Rent-price growth slowed for the sixth straight month on an annual basis in October to 8.8%, the lowest rate of appreciation in more than a year but still three times higher than the pre-pandemic level, according to a new report from CoreLogic. CoreLogic's latest...
3.6 million baby boomers will turn 65 in 2023, the prime retirement age in the U.S. This begs the question, where are the best spots for these retirees to put down roots? StorageCafe's new report looked at the 100 largest metro areas to locate...
Even though it may be natural to assume that luxury real estate professionals only deal with multi-million dollar properties or with high-end clients and estates that are out of reach of “normal” clients, nothing could be farther from the truth. Today, the designation of...
A year ago, many of us in the real estate industry were neck-deep in a housing market that was virtually unrivaled in the pace, pricing and volume of home sales. With sub-3% mortgage rates and a potent mix of cultural and lifestyle factors that enabled greater flexibility in choosing ...read more
Tis the season! With most people back to in-person events and holiday traditions, likely you have a full schedule of parties, observances and family gatherings this holiday season. Maybe you are planning on taking some time off and fully putting work on the shelf...
The real estate market's seismic shift is dramatically impacting every facet of the business. Just like brokerages and their agents, iBuyers, Power Buyers, concierge and homeowner-accelerator solutions are rapidly adapting to the overall decline in market activity. The most recent data in the zavvie...
Is the little blue bird chirping its last tweets? Twitter, under the new leadership of Owner/CEO Elon Musk since October 2022, is experiencing some growing pains. After a recent ultimatum to his employees that they must work “hardcore” (i.e. long hours for no extra...
Whether you are buying or selling a home, Megan's Law could affect whether the real estate transaction proceeds. If you have a family, you want to ensure they will be safe in their new home. When asked, “Are there any sexual offenders near me?”...
Brown Harris Stevens (BHS) will be the first brokerage to offer a comprehensive Web3 education program powered by The Metaverse Institute, the company announced. The Web3 Metalaureate course will provide BHS agents with a strong foundation for understanding topics including NFTs, DeFi, blockchain, cryptocurrencies,...
Editor's note: RISMedia Storytellers is a new series allowing people to share exceptional lessons, moments, relationships and events in real estate in their own words. Do you know a real estate professional who would make a great Storyteller? Please let us know at editorial@rismedia.com....
2023 is only a matter of days away, and while “new year, new you” is the mantra for many, housing market forecasts for the coming year from across the industry predict more of the same issues we've been facing in 2022. Darkness is not...
Christmas is coming, and for many states it's time to let it snow! Everyone loves a good snow on Christmas day, but how much do people pay to have homes where it will be a white Christmas? A new report from LendingTree analyzed housing...
In the face of rapidly spiking mortgage rates, existing-home sales took a significant tumble in November, falling 7.7% from the previous month to a seasonally adjusted rate of 4.09 million as real estate activity plunges ahead of what might be a long winter for...
Curbio, Inc., a pay-at-closing home improvement solution, has announced its expansion into the Cincinnati, Ohio market. This is the eighth market expansion for Curbio this year. The company now serves 32 markets across the United States. Curbio focuses on improvements that generate the highest...
2023 is fast approaching, and now is a great time to work on your marketing strategies, revamping them for the new year to keep growing your following and engagement. Social media is in a constant state of change and growth, and in that vein,...
NAR PULSE—Are your agents making the most of their NAR membership? Encourage your agents to sign up for the MVP Newsletter to receive great offers in their inbox every two weeks. With MVP, earning exclusive rewards is easy. Simply take on a small action...
Above: Atman Place Tulum houses are on the market for $335,800 USD This month, the spotlight is on Mexico and Belize, where two Leading Real Estate Companies of the World® (LeadingRE) members share insights on their respective markets. Moskito Real Estate Playa del Carmen,...
Companies innovate to help meet the current and future needs of their clients. But simply responding to consumer demand isn't truly innovative. Instead, a continuous cycle of innovation positively impacts every aspect of your firm. By making innovation a core component of your ongoing...
Mary Kelly, broker/owner of Property Central in Stoneham, Massachusetts, has affiliated her brokerage with CENTURY 21. The firm, now doing business as CENTURY 21 Property Central, will be based out of a repurposed Saint Parascheva Romanian Orthodox Church. Kelly has 19 years of experience...
Once a juggernaut with a seemingly unassailable spot atop the mortgage lending industry, troubled megabank Wells Fargo agreed today to pay $3.7 billion to the Consumer Financial Protection Bureau (CFPB) as a penalty for widespread fraud and misconduct over several years. The settlement, which...
One under-the-radar result of the COVID-19 pandemic's first few years, according to a panelist at the recent all-virtual National Association of REALTORS®' (NAR) fourth annual Real Estate Forecast Summit, was the positive effect it had on Black and Latino homeownership. That viewpoint and many...
Finished construction experienced an increase in November; housing starts' continued decrease seemed to slow, while new permits followed its past trend of larger drops, according to the latest data from the U.S. Census Bureau. Privately owned housing completions were reported at 1,490,000 for November,...
Home prices have dropped 8.6% year-over-year, while condo prices only decreased 4.4%, according to a new report from Point2. Point2's report on current home price corrections found that condo prices decreased in only 65 of the 100 largest cities, while home prices decreased in...
Leading Real Estate Companies of the World® has announced the addition of MAXA Designs to its Solutions Group program. This program consists of preferred business resources for the group's global network of 550 market-leading real estate firms. MAXA works with brokerages and marketing teams...
Workman Success Systems recently commissioned a study on teams that was carried out by the Center for Generational Kinetics. This Team Study gives powerful feedback on how agents feel about teams in our current real estate industry. There were many staggering results and numbers,...
Every day, the applications we use are getting smarter. One of the latest trends to go viral on social media is an AI-generated art app that transforms your ordinary portrait into an amazing work of art. With the click of a button your standard...
Homes often have pricing per square foot in their listings. But is this number really a good way to assess the home's value? The answer is no. Price per square foot is far too rudimentary to calculate home values accurately. There are limited circumstances...
ERA Real Estate announced the signing of a master franchise agreement for Uruguay with developer Kopel Sánchez and Rutland S.A., marking the brand's continued expansion into South America. “ERA Real Estate was the first real estate franchise to expand internationally when it launched ERA...
OneKey® MLS attended Triple Play REALTOR® Convention & Trade Expo last week, represented by newly appointed COO Melissa King and incoming CEO Richard Haggerty. They joined thousands of participants to learn about the newest and most exciting developments in real estate products and services....
The irony of the currently sluggish market is that REALTORSⓡ will likely spend more time getting to know new clients than back in the spring and early summer when historically low mortgage rates and inventory issues resulted in bidding wars for many houses and...
The 30-year fixed-rate mortgage (FRM) continued to trend downward this past week, averaging 6.31%, down slightly from the previous week's 6.33%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac that was released this past Thursday. The latest numbers 30-year fixed-rate...
High mortgage rates, elevated construction costs running well above the inflation rate and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022. Builder confidence in the market for newly built single-family homes posted its 12th straight...
Berkshire Hathaway HomeServices Florida Network Realty has announced it is supporting Family Support Services' annual Be an Angel holiday drive. This charity campaign tries to make Christmas special for local children in out-of-home care. Angels buy gifts from a child's wish list or make...
Real estate agents are one of the key influencers during the home-buying process. And because they can ultimately make or break the experience for both a client and a mortgage lender, they must be factored into the equation as a centralized focus. A primary...
There is no doubt that real estate, after a hectic few years, has dramatically changed. Mortgage rates have doubled in response to rising inflation. Transactions have decreased, partly due to those mortgage rates and partly because inventory is still so tight. In response to...
While remote and hybrid work existed before the pandemic, many workers are now making employment contingent on flexible work opportunities. In fact, according to FlexJobs, 58% of employees would consider resigning to adopt an alternative schedule. To engage and retain employees, businesses need to...
Above from L to R: Michele Christiana, Front-Office Coordinator; Richard Molner, Regional Vice President; Sandy Murphy, Office Manager Richard “Rick” Molner Regional Vice President and Principal Broker United Real Estate | Philadelphia Wayne, Pennsylvania https://www.unitedrealestatephiladelphia.com Region served: Greater Philadelphia Years in real estate: 18...
Anywhere Real Estate Inc. has announced its recognition as a Certified™ Great Place to Work® for the fifth consecutive year. The award is based on current employee feedback with responses from more than 1,600 employees. Overall, 83% of employees at Anywhere say it is...
The pitch for cryptocurrency is “money for the digital age,” a transformation akin to the transition from the gold standard to fiat currency in the 1930s. Crypto offers decentralized currency which is meant to circumvent the “from on high” centralization of government-backed currency. Transactions...
It was a tough week to be a 49ers fan, despite an earlier victory against the Miami Dolphins. On Sunday, we learned starting quarterback Jimmy “GQ” Garoppolo was out for the rest of the season with a broken foot. (In better news, doctors have...
Hurricane Ian made landfall outside of Cayo Costa, Florida, on the afternoon of Wednesday, September 28. With sustained winds just a few miles per hour shy of a Category 5, Ian became the strongest hurricane to hit Florida since Michael wiped out entire communities...
The shake-ups keep on coming in the real estate industry. While some companies are shouldering the loss of top executives, the Corcoran Group is cutting ties with Corcoran Global Living. The Anywhere Real Estate subsidiary is ending its franchise agreement and shuttering all offices...
In a wide-ranging interview with RISMedia, Art Carter, CEO of California Regional MLS (CRMLS), the nation's largest Multiple Listing Service (MLS), explained how a partnership with Bright MLS is positioned to transform the real estate industry, while also touching on topics such as new...
It's been an interesting month for instant buyers. From leadership shake-ups to another company bowing out of the game, there has been no shortage of headlines coming out of the sector as its most prominent players have struggled to weather the cooling market conditions....
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 recently announced a smaller rate hike of only 50-basis points, as opposed to the previous multiple 75-basis point hikes. Fed Chair...
One thing about real estate is that your market probably looks nothing like what the national headlines are describing. While almost everyone has seen significant change from the early parts of the year, the specifics vary widely. While many markets have indeed seen prices...
If you are looking to buy a home soon, finding the best mortgage rate should be something you are considering. Getting the best home loan could mean saving money on closing costs and reducing the amount you pay in interest to the lender. To...
Broker and CEO of New York-based RE/MAX Edge, Michael Napolitano points to kvCORE—Inside Real Estate's flagship product—as the key to his recruiting and retention success. Featuring a plethora of built-in capabilities in addition to a Marketplace that's chock-full of add-on solutions designed to amp...
This month, Real Estate magazine spoke with Jenn Steeves-Kiss, chief experience officer at Rocket Companies®, to discuss technology in the real estate space in addition to the importance of utilizing the right tools and systems to find success for everyone involved in the home-buying...
There's no question that Mark Kotch much prefers giving than receiving. A licensed REALTOR® since 2004, he's with Alain Pinel/Compass REALTORS®, in Pleasanton, California. While his selling success is such that he has his own slogan, it's his commitment to being a driving force...
92,422 single-family houses and condominiums were flipped in Q3 2022, which is 7.5% of all home sales (or one in 13 transactions), according to a new report from ATTOM. ATTOM's Home Flipping Report for Q3 2022 found that the latest portion was down from...
Freddimir Garcia, Diversity, Equity and Inclusion (DEI) Officer for the Hudson Gateway Association of REALTORS® (HGAR), has been honored with the prestigious “President's Award for Community Service” for 2022 from Marist College in Poughkeepsie, New York, HGAR has announced. The President's Award is presented...
Editor's Note: The Playbook is a new RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they're employing and unique ideas they've formulated. Tune in...
Since launching in 2016 as the country's first national mortgage brokerage franchise, Motto Mortgage has steadily gained traction and visibility in the real estate industry. As 2022 comes to an end, Ward Morrison, president and CEO of Motto Franchising, LLC, spoke with RISMedia about...
The day-to-day for most REALTORS® is probably pretty similar. You find clients, then do your best to help them buy or sell a house. But like most professions, there are occasionally moments or events that stand out. Maybe it was a lucky break, or...
This Week's Video: RISMedia Senior Editor Jordan Grice delivers this week's Headliners, a video recap of the week's top stories in real estate.
The post Headliners Week of 12/11 – 12/17 appeared first on RISMedia.
...
For luxury real estate professionals, things typically don't stay the same for very long. Market trends can fluctuate about as frequently as the weather forecast, yet the most successful upper-tier real estate professionals are often able to adapt and flourish no matter what comes...
Following more than two months of (generally) good news on inflation, the Federal Reserve appears ready to begin scaling back its aggressive approach to rate hikes, with the perception that policy choices so far have begun to tame price increases. At its most recent...
It was ironic not long ago when Real Estate Webmasters CEO Morgan Carey decided to buy a property in Lisbon, Spain. Working from his home country of Canada, Carey had all kinds of issues accessing what was on the market, with language barriers and...
For several years, Doug Adams, vice president of Broker Engagement at United Real Estate, says his company has been giving agents and brokers the best chance to hit the mark and score big by offering credentialing and continuing education through their Bullseye training portal....
Milestones (milestones.ai) homeowner portal has announced that its product is now licensed to 250,000 real estate agents and loan officers. The company's portal is meant to help consumers to buy, move, own, sell, manage and access mortgage services for their homes. Milestones partners with...
As 2022 comes to a close—a year that saw a 300 billion-dollar boost for housing falter in Congress, a war in Europe bringing untold horrors and disruption, and historic economic volatility from inflation and interest rates—the National Association of REALTORS® (NAR) has released its...
Agents are wrestling with a rough hangover after coming down from the highs of the past few years in real estate. While headlines depicting doom and gloom for the future housing market haven't made that hangover any easier to stomach, not all forecasters are...
With more than two-thirds of renters renewing their leases and an average occupancy rate of more than 95%, this year's rental market was competitive, according to a new report from RentCafe. RentCafe.com's 2022 Year-End report analyzed five metrics in the 135 largest markets to...
The National Association of REALTORS® and the Good Neighbor Society have announced the recipients of the 14th annual Volunteering Works grants and mentoring program. The program matches REALTORS® who work on small-scale charitable efforts with mentors who can help them improve and expand their...
Weichert Real Estate Affiliates, Inc. (WREA) announced its addition of Nicole Dillon, Cheryl Laperriere, Tona Colotla, Donna Eide and Jamie Dooly to its franchise sales team. The team's expansion will help Weichert continue to meet market demand during a period of growth for its...
Born and raised in Cleveland, Ohio, Sherri Johnson is a proud single mother of two whose parents taught her how to be a successful entrepreneur, along with the importance of hard work and providing value. “I'm a product of incredible dedication, drive and confidence...
NAR PULSE—This holiday season, increase your visibility with festive, personalizable holiday social templates from NAR + Photofy. Download the app today and share with your agents! A New Agent Discovers the Power of RPR Maps If you have new agents in your office, they...
Do open houses still work? The COVID pandemic forced buyers to view properties via virtual tours or attend “live” open houses on Zoom. Now, open houses seem passe to many. While it makes sense for buyers to preview a property online before investing the...
While the age-old mantra “location, location, location” still rings true in today's market, for Nick Cannon—who has quickly adopted his local Rocket Mortgage representative Mandy Troyer as his preferred lender referral—the mantra sounds more like “responsive, responsive, responsive.” In the eight short months that...
Better Homes and Gardens Real Estate LLC has announced the affiliation of Lakeview Realty Enterprises with their brand. The firm, which will now do business as Better Homes and Gardens Real Estate Lakeview Realty, has offices in Crestline and Lake Arrowhead, California and serves...
It may not be time to rejoice quite yet, but folks can take some solace this holiday season as the latest consumer price index (CPI) report showed that the downward trend of inflation has continued. Tuesday reports from the U.S. Bureau of Labor Statistics...
Year-over-year multifamily rent growth dropped to 7%, the lowest level in 17 months, according to a new report from Yardi Matrix. Yardi Matrix's latest National Multifamily Report found that asking rents fell $9 during November to $1,719. All of Yardi Matrix's top 30 metros continue to display positive rent ...read more
Once you are ready to buy your first home, getting a mortgage will be one of your top priorities. Sometimes getting a mortgage can be daunting. But this doesn't need to be the case. If you take the proper steps, you'll get a home...
From its beaches to the dine-out scene to its elegant homes with an average selling price in the millions, northern California's Marin County is a hot destination for those who can afford the lifestyle–and a highly competitive market for real estate agents. But Compass...
Becoming a real estate agent fulfills a dream for many people: you can finally own your own business. Still, the perks of owning one's own business are frequently undermined by the responsibilities that come along with business ownership. If you got into real estate...
In a market with higher interest rates and less certainty, you might be hearing that times ahead are going to be hard and that the market won't be favorable for agents. I'm not so certain about that excuse, but I'll allow that times ahead...
Gary Scott has been in the real estate game for 36 years, beginning his career at his father's long-time firm located in Wilmington, Delaware. “I knew very early in life what my journey would be,” says Scott, who wanted to be in the real...
Howard Dinits and his wife split their time between Hawaii's Big Island and Maui. Because serving the real estate market in Hawaii can be logistically challenging, it's critical to have a strong online presence, as most of Dinits' work as head of the firm...
After acquiring Homesnap in 2020 and Homes.com in 2021, CoStar Group is closing 2022 with more headline-making announcements: the relaunch of a new and improved Homes.com and the return of David Mele—who led the portal for seven years prior to the acquisition—to the helm....
The real estate market that appeared–somewhat surprisingly in the wake of COVID-19–has shifted to a new, post-pandemic normal. Mortgage interest rates have roughly doubled in the last year, and home prices are rising at much slower rates than they have in the past. This...
Better Homes and Gardens Real Estate LLC has announced the affiliation of Better Homes and Gardens Real Estate Foothills based in Hickory, North Carolina. The brokerage serves the Foothills region in the western part of the state, including Hickory, Newton, Conover, Granite Falls, Taylorsville,...
Integrity All Stars, part of Berkshire Hathaway HomeServices Arizona Properties, has become the first U.S. real estate team certified in cryptocurrency. This certification will allow the firm's agents to assist clients in selling real estate as NFTs or purchasing real estate with crypto on...
Chris Kelly, Executive Vice President, HomeServices of America, Edina, Minn.; 2022 Broker Relations Liaison, National Association of REALTORS® Kymber Lovett-Menkiti, President, Keller Williams Capital Properties, Washington, D.C.; 2023 NAR Broker Relations Liaison Chris Kelly: It's hard to believe it's been a year since I ...read more
Self-promotion and marketing can feel daunting for agents. It can feel like you're chasing business or playing catch up, rather than empowered and productive. The truth is, there are two ways you can run your business: You can be reactive, or you can be...
