Last week, as most people were looking forward to porch parties and barbecues over the long weekend, one of the largest home insurers in the country had a different focus: lumber costs and wildfires. State Farm, which services 91 million policies across the country,...
The Houston Association of REALTORS® (HAR) is celebrating its president and CEO Bob Hale's 50-year tenure with the association. In 1973, the HAR board of directors hired Hale as legal counsel, and in 1988, he was tapped as president and CEO. Hale is credited...
With spring mostly behind us, real estate practitioners are finding their footing as 2023 has defied many seasonal norms. Heading into the warmer months, our Broker Confidence Index (BCI) has shown that many in real estate are feeling optimistic despite some market struggles. But...
As of Q2 2023 about 1.3 million (1,285,633) residential properties across the U.S. are vacant, representing 1.3% (one in 79 homes), according to a new report from ATTOM. ATTOM's Vacant Property and Zombie Foreclosure Report for Q2 2023 found that 311,508 residential properties are...
Mortgage applications dipped again this week, down 3.7%, from last week's 4.6% decrease, the third straight week of decreases, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) for the week ending May 26, 2023. The Market Composite Index, a measure of mortgage loan ...read more
NAR PULSE—Presented by NAR's Center for REALTOR® Financial Wellness and the Center for REALTOR® Development, agents will learn strategies for generating consistent cash flow. Each webinar (June 7, 14 and 21) will help turn your agents' love of real estate into investments that fund...
The market is still changing and clients will still be asking about the latest trends in inventory, pricing and equity. RPR (Realtors Property Resource®) has the perfect solution: Shareable Market Trends. This new feature from RPR lets your agents easily share the key details...
Despite ongoing affordability challenges and economic volatility, single-family home price tags continued to rise in March—albeit modestly—as limited for-sale inventory helped add some upward pressure. According to the latest S&P Case-Shiller Index, home prices increased 0.7% annually, down from 2.1% in the previous month....
Fathom Realty has announced its recruitment of five new District Directors across the U.S. as part of an overall brand expansion strategy. The company describes these District Directors as “valuable assets.” The new recruits are as follows: Cindy Malmquist District: Northern Indiana Malmquist is...
Buying a new home—especially for your first-time clients—is a roller coaster of emotions. The highs of touring houses and picturing their lives in their new home is followed by the white-knuckle ride to submit a winning offer. Then, the worst part—the anxiety that builds...
Attending an estate sale might seem like looking for bargains at a garage sale. Items are priced, and people are looking for a good bargain, but there are some important differences. If you have ever wondered what an estate sale is and how to...
The Hudson Gateway Association of REALTORS®, Inc. (HGAR), OneKey® MLS and TitleVest hosted a virtual panel recently featuring real estate industry leaders who discussed New York's ever-evolving public space streetscapes, skylines and neighborhoods. “Getting the Deal Done: Shaping New York's Ever-Evolving Landscape” took place May 11 and featured speakers ...read more
Just in time for the busy summer selling season, Berkshire Hathaway HomeServices Florida Network Realty's popular Mega Open House Weekend returns on Saturday and Sunday, June 10-11, 2023. The Mega Open House Weekend features numerous open house viewings of the company's listings of available...
Fully 10% of all U.S. houses sold in the first quarter of 2022 were flipped, according to ATTOM Data Solutions. While the job of a REALTOR® is to help clients buy and sell houses, sometimes they themselves buy properties to update and resell for...
May is Asian American and Pacific Islander Heritage Month, a time to recognize the outstanding achievements, historic contributions, and cultural influence of this community on the United States and beyond. So, in honor of AAPI Heritage Month, I'd like to dedicate this post to...
Last year was a year of action by the National Association of REALTORS® (NAR) that achieved tangible legislative and policy results on affordable housing supply. This year, we're continuing this fight. Because of our work in 2022, Congress knows a shortage of 5.5 million...
On May 17, 2023, Montana became the first U.S. state to ban TikTok. The bill, SB419, was passed by the Montana House of Representatives in a 54 – 43 vote and signed by Governor Greg Gianforte (R-MT). The legislation outlaws TikTok from being used...
Editor's Note: RISMedia recently released its 2023 Top 1,000 Power Brokers, exclusively for RISMedia Premier Members. In this special interview series, we talk to some of our top-ranking brokers to garner their insights and strategies for sustaining their firms' success. For more information, click...
There aren't that many products in which consumers read about or hear on the news whether people think it's a good or bad time to buy them. Supermarket shoppers don't normally wonder whether they should or shouldn't get grapes or paper towels based on...
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 30-year fixed mortgage rate experienced some upward pressure as debt-ceiling debates continued this week. According to the latest Primary Mortgage Market Survey® from...
Setpoint has acquired Resolute Diligence Solutions, a due diligence provider focused on Single Family Rental (SFR) and Residential Transition Loans (RTL). Resolute, according to a release, is the preferred partner by the world's largest banks and private lenders as well as originators. The combination of Resolute's outstanding service and ...read more
For HomeTeam Inspection President Adam Long, being a part of the real estate industry for 18 years has been richly rewarding. “At the end of the day, it's all about helping clients and, especially from a home inspection standpoint, making sure they know what's...
Moderator: Kymber Lovett-Menkiti, President, Keller Williams Capital Properties, Washington D.C.; Broker Relations Liaison, National Association of REALTORS® (NAR) Panelists: Lauren Smith, Designated Broker, Windermere Real Estate, Seattle, Wash. Gary Scott, President, Allen Tate, REALTORS®, Charlotte, N.C. Lindsay Dreyer, CEO, City Chic Real Estate, ...read more
Owning a home brings many opportunities to improve and add your personal touches. However, before making significant improvements, you need to get permission from the local authorities. To do so, you need a building permit. Understanding what a building permit is and how it...
Weichert Real Estate Affiliates, Inc. held its annual Premier Client Group (PCG) event earlier this month in Denver, the company announced. The event welcomed owners from the top 30 Weichert® franchised companies in the national system—based on their 2022 production—for three days of networking,...
Cinch Home Services has announced that Heather Williams is joining the company as Chief Financial Officer (CFO). “Heather's talents and extensive tech-forward financial experience made her a clear fit for our executive team and we are thrilled to have her join us,” said Steve Upshaw, Chief Executive Officer of ...read more
As stubborn macro-economic issues continue to decelerate residential real estate sales, brokers are retooling their strategies and business plans to keep agents productive and company revenue in the black. This September, five seasoned and dynamic brokerage operators will outline the specific steps they're taking...
The choices of the Federal Reserve over the last year or two—and particularly in the last month—have been deeply scrutinized. After years of low rates and relatively loose monetary policy, the central bank was quick to slash rates to zero and unleash quantitative easing...
The tug of war between ongoing inventory challenges in the existing-home market and homebuyer interest hasn't let up. According to the latest data from the National Association of REALTORS® (NAR), pending home sales remained subdued in April amid persistent strains on consumers. NAR's Pending...
The 30-year fixed-rate mortgage (FRM) averaged 6.57% this week, up from 6.39% last week, to where it returned after a brief and only slight dip earlier in May. This is according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday....
Would you like a 500% increase in your topline revenue? You can absolutely do it though a strategic and well-executed recruiting plan. It requires thoughtful leadership, well-designed plans and an absolute commitment to implementation. Recruiting, done right, is your ticket to building a more...
Aaron O'Neal Founder/Broker O'Neal Real Estate, LLC, a member of Leading Real Estate Companies of the World® Fort Smith, Arkansas | https://onealrealestate.com Region served: Arkansas and Oklahoma Years in real estate: 15 Number of offices: 4 Number of agents: 50 Favorite part of your job: It's something different ...read more
The Harvard Joint Center for Housing Studies has been studying the effects of digitalization in housing via an ongoing research series. One affected area is the energy consumption of homes and management thereof, detailed in a recent report, “Empowering Up, Powering Down: The Evolution,...
homegenius Real Estate has announced the launch of an AI-powered home search portal, driven by the company's homegeniusIQ technology. homegeniusIQ applies proprietary AI harnessing image recognition to analyze real estate images to assess and estimate room condition and property features. Using data from property...
Century 21 Real Estate LLC is expanding its presence in New York with the affiliation of Hire Realty LLC, a boutique real estate firm based in Pleasantville that has served residents from Westchester County to New York City and in Connecticut since 2017, the...
Not every city or metro is feeling the freezing effects of higher mortgage rates and dwindling consumer confidence. The local nature of real estate means that a snapshot of housing should look like a spectrum, with gradients of up and down, hot or not....
Last week we shared that because of the overwhelming response in its inaugural year, RISMedia's second annual Real Estate Rookie of the Year contest, sponsored by industry education leader, Colibri Real Estate, is expanding to include honors for five regional winners in addition to...
Mortgage applications decreased for the second week in a row, down 4.6% from a decrease of 5.7% the previous week, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) for the week ending May 19, 2023. This week's numbers:...
BeachesMLS, a subsidiary of Broward, Palm Beaches & St. Lucie Realtors®, has announced its new partnership with Immobel, the company behind Xomio. Xomio delivers Immobel's two decades of experience building luxury websites and handling global listings data for the world's biggest real estate brands,...
Forbes Global Properties has released this month's Luxury Agent Poll. When asked about the primary factors influencing the behavior of buyers actively seeking properties priced at US$2 million and above, 32% of Forbes Global Properties domestic experts reported the buyer's personal financial circumstances, followed...
Content creation and marketing are essential components of every real estate agent's social media strategy. However, creating quality content takes time, and that is something that most agents simply don't have. But don't worry—there are many tools available, no matter your budget. From creation to management, these tools will ...read more
NAR PULSE—Advance your career with an MBA or certificate this year at NAR Academy. Receive 50% off your first eligible course as a first-time student at NAR Academy at Columbia College during the Late Summer 2023 session. Register by June 28. Eleven state and...
VITALS: RE/MAX Executive Years in business: 25 Size: 16 offices, 453 agents Regions Served: North and South Carolina 2022 Sales Volume: $2.5 billion 2022 Transactions: 5,900 https://joinexecutive.com After graduating from college with a business degree in the early '80s, Hadi Atri had a difficult time finding a job that ...read more
John L. Scott Prosser office Owner and Broker Laura Ripplinger has opened a new John L. Scott office in Sunnyside, Washington, the company has announced. The office will be known as John L. Scott Lower Valley. Ripplinger brings 23 years of experience and knowledge...
Entrepreneur magazine has included JPAR®–Real Estate on its list of Top New and Emerging Franchises, the network has announced. JPAR says this honor recognizes their “commitment to innovation, technology, keeping the agent at the heart of the transaction and delivering unparalleled support.” JPAR®–Real Estate...
Tough conversations are never fun, but they come with the territory when you are an agent. Among the list of topics that real estate professionals may encounter in their work, a more controversial one may be unavoidable in the coming months. As the legal...
The prospect of a crashing economy is scary. But possibly just as scary—though maybe less dramatic—is the threat of a persistent, dragging crisis, which would result in a much longer period of depressed economic activity, stunting medium-term growth and stability across sectors. Against the backdrop of the Federal Reserve's ...read more
New home sales increased for the seventh straight month in April due to low inventory pushing an increase of demand into the new construction market. According to the latest data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau,...
OneKey MLS, which covers nine counties across southern New York, has released its monthly market report for its regional coverage. The report, covering March to April 2023, provides data on transactions in OneKey's local markets. These transactions included single-family residential homes, co-ops, and condos....
The Hudson Gateway Association of REALTORS® (HGAR) will be co-hosting its second annual Diversity, Equity & Inclusion (DEI) Summit on June 5 and 6 at the Sleepy Hollow Hotel & Conference Center in Tarrytown, New York, the association has announced. HGAR is working alongside...
The Hudson Gateway REALTOR® Foundation, the charitable arm of HGAR, was honored by VISIONS/Services for the Blind & Visually Impaired at their Annual Awards event held at the Pelham Bay/Split Rock Golf Course in the Bronx. Gail Fattizzi, president of the HG REALTOR® Foundation,...
Second Century Ventures, the strategic investment arm of the National Association of REALTORS® (NAR), has opened applications for the fourth cohort of its Canadian technology growth program, REACH Canada. SCV operates the award-winning REACH program across North and South America, Europe, Australia and Asia-Pacific....
When selling a home, you want everything to go smoothly. In many real estate transactions, that is exactly what happens. However, there are times when the whole process can become a royal disaster. The odds of having an unpleasant experience increase when homeowners don't...
As Bob Dylan so aptly put it, “the times, they are a-changin',” and they're more uncertain than ever. Industry projections remain volatile this year as we adjust to a higher interest rate environment. What's more, the real estate and technology landscapes are also shifting,...
In keeping with high home prices, the U.S. median asking rent grew by $4 to $1,734 in April, down $43 from its peak, according to a new report from Realtor.com. Realtor.com's April Rental Report found that this is the ninth month of single-digit growth in a row following a ...read more
Richard Haggerty, CEO of OneKey® MLS, the largest multiple listing service in New York, has been inducted into the National Association of REALTORS® Political Action Committee (RPAC) Hall of Fame, the MLS has announced. The honor recognizes members' financial support and commitment to electing...
Rocket Mortgage recently introduced ONE+, a new 1% down home loan program that will dramatically increase access to homeownership for millions of low-to-moderate-income earning Americans, the company has announced. With ONE+, Rocket Mortgage stated that a homebuyer is only required to make a down...
According to Curbio's 2022 ROI survey, 22% of recent home sellers said that the inspection process was their biggest pain point when selling their house. While critical in the buying and selling process, home inspections can feel like a heavy burden for your clients....
Above, from center, counterclockwise: Gene Millman, President & CEO; Deborah Shipley, Vice President of Corporate Communications and Marketing; Brandon Brancato, Vice President and CFO; Leesa Baker, Vice President, Chief Care & Compliance Officer; Robert Wilkinson, Vice President and CTO; and Claudia Cooper, Executive Administrator...
As a new real estate agent, getting out there and meeting with potential clients for new listings can be hectic and stressful. These meetings can make you feel a little anxious, especially if you know that you are not the only agent interviewing for...
Over the past few years, closing a real estate deal was easy for many real estate agents. Homes flew off the market almost as soon as they were listed. The actual closing seemed like just a formality. Now that the market is fluctuating away from that hectic pace, ...read more
In response to the controversial new loan level pricing adjustments (LLPA) announced by the Federal Housing Finance Agency's (FHFA), National Association of Realtors® President Kenny Parcell recently testified before the House Committee on Financial Services Subcommittee on Housing and Insurance on the fees' unnecessary...
Coldwell Banker Realty has announced Greg Rand as the company's new executive vice president (EVP) of revenue growth. In his new role, Rand will be responsible for driving high-margin real estate volume and leading the Coldwell Banker Leads division, including corporate relocation, referral programs...
While there has been a tech revolution in real estate over the years, embracing new technology can still be daunting for those trying to figure out what works for their business. Unless you've lived under a rock for the past year, you've probably heard that artificial intelligence (AI) is ...read more
Editor's Note: This article was originally published May 11. Over the weekend I was entranced–as I am each year–by the Kentucky Derby. (Berkshire Hathaway HomeServices network members will remember 2022 when the network took over historic Churchill Downs for an incredible Sales Convention celebration.)...
Though only 7% of this country's general population are veterans, the National Coalition for Homeless Veterans has found they comprise some 13% of America's homeless population. The number has decreased significantly over the past decade, but much work remains in the ongoing effort to...
Editor's Note: In March, RISMedia released its 2023 Top 1,000 Power Brokers, exclusively for RISMedia Premier Members. In this special interview series, we talk to some of our top-ranking brokers to garner their insights and strategies for sustaining their firms' success. For more information,...
Affordability remains one of the biggest challenges facing consumers in the housing market—buyers and renters alike. Despite a slowing in the rate of rent increases, single-family rent prices remain 23%-plus higher than they did before the COVID-19 pandemic. Reports in 2022 showed that Americans...
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. Mortgage rates increased to 6.39%, the level at which they stood two weeks ago, according to the latest Primary Mortgage Market Survey from Freddie...
There's a new face in Zillow's C-Suite, as the tech giant named Jeremy Hofmann its new chief financial officer (CFO). The Seattle-based company announced Thursday that it promoted Hofmann to succeed Allen Parker, who served as Zillow's CFO since 2018 and will be taking...
Summer is typically when the housing market heats up. In a normal year, there are more homes sold in the summer, and homes tend to sell faster. Prices peak during the summer months and new listings increase. Over the last few years, however, the...
The pandemic was not a normal market. The further we move past that time, the more obvious it becomes. One of the major challenges when trying to measure and quantify periods of time like this is comparison. How do you juxtapose your business success...
If there's one thing that's constant in real estate, it's that change is inevitable. Much of that change is driven by technology. In my nearly four decades in the real estate industry, I've witnessed firsthand the effects that technology has had, and how the...
With home prices remaining high, especially in cities across the U.S., potential homeowners may consider taking a look at suburbs for more affordable options. According to a new report from Point2, some suburbs boast prices per square foot up to 65% lower compared to...
Remodeling a home isn't easy; many things can go wrong during these projects. It is easy to make mistakes renovating a home, but there are steps and tips you can follow to reduce the potential problems. We look at some of the home renovation...
“This is a big disappointment: The Fed raised interest rates again, and in my view there was no reason to. The goal of raising the interest rate is to control inflation, and from my perspective, inflation is moving in the right direction.” With these...
Existing-home sales dropped 3.4% from March to a rate of 4.28 million in April, according to the National Association of REALTORS®' (NAR) most recent existing-home sales report. NAR's latest data on existing homes for April found that year-over-year, sales fell by 23.2%, down from...
When a real estate agent calls your tech company for assistance, what kind of experience will they have? Will they talk to someone your company has personally selected and coached to help agents get the most out of the product or tool? Or will...
Across the Mid-Atlantic markets sellers are holding their driver seat positions in home sales,according to a new report from Bright MLS. Bright MLS's monthly market report for May found that Sellers who closed on their home in April received an average of 3.5 offers,...
The 30-year fixed-rate mortgage (FRM) averaged 6.39% this week, inching back up to its previous level from two weeks ago, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week's numbers: 30-year fixed-rate mortgage averaged 6.39% as of May 18, 2023, up from ...read more
RISMedia is excited to announce a new partnership with Stellar MLS, the largest multiple listing service in Florida and Puerto Rico serving over 80,000 customers to bring its best-in-class articles and need-to-know information to Stellar's subscribers via RISMedia Premier News service. Stellar MLS will...
Anyone associated with the real estate market knows well that trends ebb and flow based on a variety of outside factors, from the seasons to the state of the economy. Design preferences tend to fluctuate rapidly and luxury real estate professionals must stay attuned...
Melissa Collins Principal Broker, Weichert, REALTORS® – Market Edge Harrison, Arkansas https://www.weichertmarketedge.com Region served: North Central Arkansas and Southern Missouri Years in real estate: 14 Number of offices: 1 Number of agents: 17 After a record-breaking past couple of years, how are you maintaining growth in your ...read more
Annual single-family rent growth decreased to 4.3% in March, with this reading marking almost a year of straight decreases, according to a new report from CoreLogic. CoreLogic's latest Single-Family Rent Index for March found that while overall rent growth remains slightly elevated above pre-pandemic...
Curbio, Inc has announced the launch of its new home-staging service. Real estate agents can leverage Curbio's latest offering to help stage their clients' homes seamlessly with no upfront costs, saving sellers time and helping them make more money. Staging is shown to decrease...
Brian Levine, in-house counsel, director of Legal Services and Professional Standards Administrator for the Hudson Gateway Association of REALTORS® (HGAR) is being honored by the National Association of REALTORS® (NAR) with the REALTOR® association Certified Executive (RCE) designation, which recognizes exceptional efforts made by REALTOR® association executives, HGAR has ...read more
Another debate—or squabble—over the U.S. debt ceiling has broken out between lawmakers, raising a distant specter of potential federal default that has sparked some questions among real estate pundits. Though many are hopeful that a government default on its mountains of debt is extremely...
Above, John Featherston (left) and Lennox Scott (far right) co-moderate RISMedia's annual Power Broker Forum at last month's National Association of REALTORS® Legislative Meetings, with panelists Erin Cestero, Janet Howard, Rei Mesa and Ken Baris. Given today's fast-moving and often troubling headlines, it can...
With inventory back to being the No. 1 issue in many regions and prices largely remaining resilient, homebuilders appear poised to add some much needed new homes to the market, with data showing another uptick in housing starts last month. “Homebuilders are feeling confident about the outlook for new ...read more
Whether buying or selling a house, people look for reliable solutions at every stage of the process—and when a covered system or appliance needs to be repaired, a home warranty can help ease some of the financial strain. Having helped generations of families achieve the American Dream of homeownership ...read more
Mortgage applications decreased 5.7% from an increase of 6.3% one week earlier, according to the latest Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) Weekly for the week ending May 12, 2023. This week's numbers: The Market Composite Index, a measure of mortgage loan application volume, decreased 5.7% ...read more
NAR PULSE—NAR powers innovation in real estate. Through NAR's Strategic Business, Innovation & Technology (SBIT) group, including its strategic venture arm, Second Century Ventures, we research it, we champion it, we advance it. We support those who are going to change the future of...
Leading Real Estate Companies of the World® (LeadingRE) has announced it has added Chime, an award-winning real estate technology innovator, to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. “We are thrilled to align...
Ryan Weyandt is CEO of the LGBTQ+ Real Estate Alliance, a nonprofit which lobbies on issues affecting the LGBTQ community in real estate and connects consumers with housing resources. As he has lobbied against recent state-level legislation that broadly encroaches on the rights of...
Builder confidence rose in May due to limited inventory creating a stronger need for new construction, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the fifth straight month of increases. “New home construction is taking...
Realty ONE Group celebrated its 18th anniversary on May 1 the way it always does, with a network-wide day of giving back, they announced. On that Monday alone, Realty ONE Group professionals logged over 10,000 volunteer hours and contributed an estimated $300,000 to charitable...
Atlanta luxury firm Harry Norman, REALTORS® has announced 38 of the total nominees in the Interiors Atlanta 2023 Real Estate Awards are affiliated with the firm. The awards are conducted by magazine Modern Luxury Interiors; Harry Norman nominees span 22 of the 35 categories....
Above, top left, team leader Andretta Robinson, with team members, top right Aaqila Harvey, bottom left, Lillie Hagan and bottom right, Bryant Triplett. As if the residential real estate profession wasn't competitive enough, Andretta Robinson has had to accept that as a Black woman there were going to be ...read more
Nothing is worse than stale marketing, especially when the entire real estate industry is looking for new ways to capture consumers' attention. In this competitive environment, standing out is paramount to reeling in more business. And, while agents should be marketing individually, building and...
Growing deep roots in our community keeps us as part of the cloth we serve. Just as we work every day to cultivate deep bonds with customers, going deep rather than wide in your community has the most potential for long-term success. What does...
When you sign the purchase agreement for your dream home, you are locked into a legal contract with the seller. But what happens if you need to back out? Many ask if a seller can back out of a real estate contract but what...
Jack Conway, an affiliate of Leading Real Estate Companies of the World (LeadingRE), continued its expansion by opening a new office in Walpole, Massachusetts, the company has announced. Officially open on May 8, the office is located at 246 Main Street in Walpole. An...
“El Chapulin Colorado” was one of the most popular Spanish-language TV series in the 1970s. The protagonist is a superhero “red grasshopper” who, despite often insurmountable obstacles, becomes our champion. Similar to the hardworking and industrious Chapulin, Latinos are the emerging champions of homeownership...
Due to the overwhelming response in its inaugural year, RISMedia's second annual Real Estate Rookie of the Year contest is expanding to include honors for five regional winners that will be announced in September, ahead of the national 2023 Rookie of the Year, who...
The National Association of REALTORS® (NAR) has announced it is accepting applications for the “Pitch Battle” competition taking place at the 2023 Innovation, Opportunity & Investment (iOi) Summit. This iOi Summit, the fifth annual, will take place August 29-30 in Miami, Florida. The Pitch...
On May 10 at its monthly company update, Lamacchia Realty announced the promotion of Shane Bronson to regional vice president–Florida. Bronson, who will now be part of the Lamacchia executive team, first joined the company in 2018 as a vice president of relocation. “I...
The deadline for participating in RISMedia's second annual study of industry contracts and commissions, which aims to reveal new trends and further demystify the process by which agents make a living—from commission splits to profit sharing—is this Wednesday, May 17. Take the Survey Here By filling out our 10-minute ...read more
On a mission to connect women, facilitate communication and inspire the exchange of ideas, the Real Estate Network of Empowered Women (RENEW) program–created by RentSpree, a leading provider of end-to-end rental management software–continues to make strides toward a fully equitable future. With more than 100 individuals already active in ...read more
Hopefully, as a successful real estate agent your income will continue to increase throughout your career. That's certainly the case for 65% of the real estate agents we surveyed who reported a rise in their earnings from 2018 to 2019. Some years are more...
People over profit. That's the guiding principle that fuels Craig Nester, team leader of Strategic Relationships at EXIT Realty, every single day. “, we care about the human,” says Nester. “We care about all phases of the human and what their potential is. And that's where we dig in.” ...read more
The LGBTQ+ Real Estate Alliance has published its third annual LGBTQ+ Real Estate Report, titled “The LGBTQ+ Journey to Homeownership.” “The report uses 30 different sources, along with our annual member survey, to gain insight into the journey to homeownership for the LGBTQ+ community...
As a salesperson, it can be hard to savor your achievements or victories and they can wind up blurring together. However, it's important in any career or lifestyle to keep track of your successes. Doing so will bolster your confidence and make you more...
During a recent industry event, I had the honor of hearing Daymond John speak about disruption and entrepreneurship. John is the founder of global lifestyle brand FUBU and a regular on ABC's “Shark Tank.” He's also been on LinkedIn's list of Top 20 Voices...
It seems like every day there's a new piece of technology that claims to “revolutionize” real estate. Even if that promise falls short, these innovations can still be useful for conducting and building your business. At the same time, you shouldn't rely on technology...
In today's competitive and rapidly evolving landscape, building strong client relationships is essential for the long-term success of your real estate business. Creating a client-centric approach to business, developing effective communication strategies and utilizing the right technology will help streamline communication for your agents...
How well do you listen? What are the motivations and expectations of your clients and audiences? Early in my life I learned to listen. It started at the kitchen table with my father, a rising star executive with Xerox. I remember the stories he...
Editor's Note: RISMedia recently released its 2023 Top 1,000 Power Brokers, exclusively for RISMedia Premier Members. In this special interview series, we talk to some of our top-ranking brokers to garner their insights and strategies for sustaining their firms' success. For more information, click...
For the second year in a row, RISMedia is diving deep into a topic that is rarely analyzed, and has become an especially urgent conversation in the industry: compensation. Covering everything from desk fees to splits and caps, RISMedia's study of industry contracts and...
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. -After intense pushback from the industry and the general public, the Federal Housing Finance Agency (FHFA) rescinded a planned rule that would recalculate mortgages...
Leading Real Estate Companies of the World® announced its inclusion of CB4C to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. CB4C is a cash flow solutions company, using proprietary technology that creates a...
Committed to empowering women and minorities in the real estate industry through education, mentorship and advocacy, Ige Johnson—founder, president and CEO of the Ige Johnson Group at eXp Realty—is pushing the bounds to make the real estate industry better for everyone. In this exclusive...
Fathom Holdings, parent company of Fathom Realty, released its earnings report for the first quarter of 2023 on May 10, 2023. In keeping with overall real estate market trends and other large brokerage brands, Fathom reported a year-over-year decline in revenue. However, Fathom experienced...
In February, RISMedia named more than 300 real estate professionals as 2023 Real Estate Newsmakers. Each of these individuals—separated into six categories—was either nominated by you, the RISMedia reader, or chosen by our editors. RISMedia Newsmakers also made newsworthy contributions within their own communities...
When there is a high demand for buyers in a low inventory market, learning to find and create off-market listings can set you apart from other agencies. “Off-market listings” or “quiet listings” are homes that are for sale but aren't listed on multiple listing services (MLS). My team and ...read more
When searching for your next home, you are likely focused on the location, the number of bedrooms, the features, and more. But what you might not be thinking about is the property history. Even if the home fits your requirements and the price is...
Editor's Note: The Playbook is an RISMedia biweekly 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...
“We can't anticipate every single twist and turn that the market will take in 2023, which underscores the importance of investing in ‘bigger picture' goals that are market-agnostic.” This was Anywhere Brands President & CEO Sue Yannaccone's sage advice in an interview with RISMedia...
How much buzz can a four-month-old announcement create? If it impacts the affordability of homeownership one way or the other: plenty. That was the case over the past couple of days as the Federal Housing Finance Agency (FHFA) has evoked mixed emotions surrounding future...
In line with housing market challenges and persistently high mortgage rates, United Wholesale Mortgage (UWM) reported a net loss of $138.6 million in Q1 2023. Despite this, executives still have a positive outlook on the quarter and for the rest of the year. “The...
The 30-year fixed-rate mortgage (FRM) averaged 6.35%, this week, down just a hair from 6.39% last week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday. This week's numbers: 30-year fixed-rate mortgage averaged 6.35% as of May 11, 2023, down from last week ...read more
After a sharp decline in luxury home sales during the peak of COVID-19 pandemic, the luxury real estate market is back in full swing. In fact, compared to 2021, luxury single-family homes are flying off the market an average of 27 days faster—and overall...
National Association of REALTORS® (NAR) Chief Economist Lawrence Yun said the Federal Reserve's most recent rate hike was unnecessary, and he expects the Fed will stop raising interest rates further, during the “Residential Economic Issues & Trends Forum” at NAR's 2023 REALTORS® Legislative Meetings. Yun discussed recent developments in ...read more
A total of 32,977 properties have foreclosure filings, down 10% from a month ago but up 8% from a year ago, according to a new report from ATTOM. ATTOM's U.S. Foreclosure Market Report for April found that nationwide, one in every 4,234 housing units...
Real Estate marketing company Adfenix has adopted the new name “RealForce,” the company has announced. The rebrand was spurred by two acquisitions made in the last 18 months: customer data company Quedro, and media management company Brandkeeper over the last 18 months. Accordingly, RealForce's...
The Houston Association of REALTORS® (HAR) has announced it has implemented Down Payment Resource (DPR) to bring Greater Houston area homebuyers' attention to homebuyer assistance programs in the wake of declining housing affordability. Data indicates that homebuyer assistance programs can be especially impactful in...
As the latest inflation data shows continued, albeit slow, progress toward taming record inflation, some in the housing industry—including National Association of REALTORS® (NAR) Chief Economist Lawrence Yun—have begun calling for the Federal Reserve to pause further rate hikes, fearing near-term negative consequences from...
While not happy to acknowledge negative earnings for another fiscal quarter past, Robert Reffkin, founder and CEO of tech-enabled real estate brokerage giant Compass, expressed a strong optimism at a May 9 press conference that going forward there would be positive earnings reports. And...
Realty ONE Group has announced it has hired David Romero as their Executive Vice President of Growth. “David has always been an agent-centric leader which makes him the perfect match for Realty ONE Group,” said Vinnie Tracey, president of Realty ONE Group. “But he's also driven by his passion ...read more
Following a slight decrease of 1.2% last week, mortgage applications increased 6.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) for the week ending May 5, 2023. This week's numbers: The Market Composite Index,...
The Hudson Gateway Association of REALTORS® (HGAR) has announced that Amy DelliPaoli of Rye Brook, New York has joined as its new director of member engagement. DelliPaoli will implement strategic projects and develop initiatives that communicate the Association's value to all HGAR Members and...
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. When building your career as a REALTOR®, whether you're on day one or 15 years in, it's...
NAR PULSE—Tell your team they can easily foster client connections by marking holidays and celebratory months, like Asian American & Pacific Islander Month and Mother's Day, with a quick personalized social media post through the NAR + Photofy app. C2EX Broker Challenge – Fire...
Real Estate Webmasters takes Florida real estate professional's web presence to a new level It's no surprise that Ken Pozek, broker associate and team leader of the Pozek Group at Keller Williams in Orlando, Florida, finds himself channeling Walt Disney's famous mind-mapping concept as he plans ...read more
Multifamily rents increased for the second month in a row in April, rising $5 to $1,709, according to a new report from Yardi Matrix. Rents previously rose $3 (to $1,706) in March, after a 5 month pause in growth. Yardi Matrix's National Multifamily Report...
At its recent annual awards program, Berkshire Hathaway HomeServices Arizona Properties announced that the company closed 10,854 transactions and completed $7.2 billion in real estate sales during 2022. At the program, the company's top 10 teams and top 10 individual sales executives were recognized....
Nearly seven out of 10 metro markets registered home price gains in Q1 2023, despite mortgage rates still remaining at a high of 6.1% – 6.7%, according to a new report from the National Association of REALTORS® (NAR). NAR's latest metro area index for...
The amount of equity-rich homes decreased slightly from 48% in Q4 2022 to 47.2% in Q1 2023, marked the second straight quarterly decline, according to a new report from ATTOM. ATTOM's Home Equity & Underwater Report for Q1 2023 found that 3% of mortgaged...
HUNT Real Estate has announced that effective immediately, Charles F. Hunt has been promoted to president, residential brokerage and chief operating officer for the company. The residential brokerage consists of 60 residential branch offices throughout New York State, Massachusetts, and Arizona. Hunt is the great-grandson of company founder Charles ...read more
Century 21 Real Estate is back in the Green Bay market with the affiliation of start-up firm, In Good Company—now doing business as CENTURY 21 In Good Company, the company has announced. The leadership team includes broker/co-owner Levi Foss, co/owner Erin Flores and broker Erin Kasprzycki. Foss has 18 ...read more
Jason Friedman was a busy equity and commodities trader in Manhattan 13 years ago when he spent a weekend observing his mother, Rudi Friedman's thriving real estate business on the North Shore of Long Island, N.Y., an upscale enclave just a short train ride...
If you're a broker, you're probably often thinking of strategies for how to grow your team or agent count. However, growth shouldn't be the only concern you have when it comes to team-building. In fact, there's something to be said for maintaining a smaller...
It's not uncommon for many real estate agents to get their start as a part-time agent. After all, there are bills to pay, right? As a new agent who needs experience, starting off part time is often necessary until you know for certain you...
Faced with a significant budget deficit, the National Association of REALTORS® (NAR) is angling for a vote this Thursday on a policy that would tie REALTOR® dues to the consumer price index (CPI), effectively raising the annual association fee in line with inflation. An...
When you think you've found your perfect home, you will be understandably devastated if the sale falls through. After the seller has accepted your offer, it can take as long as 60 days to close or more, and many things could go wrong. You...
Company culture is a hot topic these days as brokerages define what they do and how they do it, hopefully using their reputations to draw elite talent. It informs every aspect of businesses that rely on staff members working together as a team. In...
RE/MAX Holdings, the parent company of real estate franchise RE/MAX and Motto Mortgage, released its Q1 2023 earnings report on May 4, 2023. The company reported a total revenue of $85.4 million. This is a 5.04% increase from the previous quarter's revenue of $81.3...
In January 2023, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the GSEs) to change the structure of their upfront fees and the levels of some fees. While these changes will provide more clarity for investors and help some consumers,...
Despite a thaw in the market in time for Spring, low inventory is still causing higher prices, creating affordability issues for buyers across the market, according to a new report from Realtor.com. Realtor.com's Monthly Housing Trends Report for April found that, compared to 2022,...
While homeownership is known to be costly, 21.48% of owner-occupied households in the U.S. are housing cost-burdened, according to a new report from LendingTree. LendingTree's latest report analyzed U.S. Census Bureau American Community Survey data to determine the share of owner-occupied households in each...
It can be hard to land your first few clients when you're just getting started in real estate. Until your reputation speaks for you, you may have to work a bit harder to earn the trust of your first few clients. Remember that once...
Real estate technology company Opendoor was unable to report much positive news in its Q1 2023 earnings report May 4. New CEO Carrie Wheeler said the iBuying brokerage's vision “is to build the most trusted e-commerce platform for residential real estate. We have dedicated...
It always helps to be a glass-half-full thinker when faced with the challenges of a turbulent market shift. Redfin CEO Glenn Kelman certainly exuded that mentality as he unpacked the company's rough performance in the first three months of the year. Redfin reeled in $325.7 million in the first ...read more
Did you know there are currently more households with pets than children? According to the U.S. Census, the share of families with children under the age of 18 living in the home has continued to decline. The share with children in 2022 stands at...
Most people (as many as 80%, by some estimates) leave real estate in the first year. That oft-quoted statistic illustrates not only that real estate is a hard business, but that people aren't prepared for the kind of volatility that is inherent to a...
Last week we talked about mentors, and how you can have mentors you've never even met–such as from a book, podcast or documentary. I'd like to tell you about another mentor of mine. Let's rewind a few years… One of the benefits of staying...
In this month's edition of Great Spaces, we travel back to the 1920s to take a closer look at an English-style manor rich in history. Property Highlights: Where: Los Angeles, California Listing Price: $7.7 million Features: 5,575 square feet complete with four bedrooms and seven bathrooms. Added Appeal: ...read more
Just how exacting and inviting must curb appeal be for a home going on the market to achieve its full price potential? Alex Chingas, a REALTOR® with the Bross Chingas Bross team at Coldwell Banker Realty in Westport, Connecticut, tells this tale… “We recently...
The U.S. added 253,000 jobs in April, and unemployment dipped to 3.4%, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics. The analysis found that along with the unemployment rate, the number of unemployed persons, at 5.7 million, changed...
Despite continued market challenges—high mortgage rates, low inventory and high home prices—Rocket Companies' executives reported “solid results” for Q1 2023. “We're encouraged by the fact that consumer demand for homes is robust, and we're seeing a healthy purchase pipeline as we enter the spring...
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. According to Mortgage News Daily, the 30-year fixed-rate mortgage currently sits at 6.45%, a decrease of 0.04% from where it sat on May 1,...
UtahRealEstate.com (URE) and the New Mexico Multiple Listing Service (NMMLS) have announced a partnership. The partnership will provide increased referral potential between brokers and agents in New Mexico and Utah, the companies stated. URE services nearly 20,000 real estate professionals while NMMLS is the...
Memorial Day is around the corner. While it's the unofficial start to the summer season, it's also a special time to recognize the contributions that veterans and military personnel have made to our country. With that in mind, we asked long-time CRD instructor Maurice...
Despite big year-over-year drops in revenue, Zillow stock climbed Thursday after its Q1 earnings showed the real estate behemoth outperformed a slow market—and may have been further boosted by an announcement earlier this week that the company has built a plugin for AI chatbot...
With the iBuyer sector still in flux under shifting market conditions, the first three months of the year weren't easy on Offerpad. However, despite the company's challenges, executives appear laser-focused on returning to their heyday. The Arizona-based company reeled in $609.6 million in the...
For a while, it was obvious that home prices were rising faster than they should. So-called “zoom towns” cropped up as remote workers poured into exurbs around mid-size metros, seeking space and other amenities. Towns like Boise, Idaho, suddenly became hot spots for the...
Buying a house at auction can appear attractive if you want a great deal on your next home. However, there are more risks to choosing an auction for houses over the normal way of buying a home. If you decide to buy at auction,...
In an earnings call on Wednesday, May 3, Ryan Schneider, Anywhere Real Estate president and CEO, put a positive spin on Q1 2023 losses, but while emphasizing that the brokerage giant “charged ahead to make meaningful progress on our strategic priorities,” Wall Street responded...
The 30-year fixed-rate mortgage (FRM) averaged 6.39% this week, down slightly from last week's bump up to 6.43%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week's numbers 30-year fixed-rate mortgage averaged 6.39% as of May 4,...
Zillow has announced the launch of their new Zillow ChatGPT plugin, which gives users a new way to discover real estate listings. According to a release, users who enable the plugin can use conversational language to ask about specific property listings or share the types of for-sale and rental ...read more
California Regional Multiple Listing Service (CRMLS) has announced an agreement with Local Logic, a location intelligence provider that quantifies location at scale. Through this arrangement, Local Logic will provide all current CRMLS users with powerful localized data insights such as demographics, location scores, local...
RISMedia, the leading independent source of news and information for the residential real estate industry for more than 40 years, has announced the promotions of two senior executives to support the company's continued growth. Effective immediately, John “Jay” Featherston will become the company's president...
Deja vu has hit the nation as yet another Federal Reserve meeting yields further interest rate hikes after a major bank collapse over the weekend. Fed officials announced that they would raise interest rates by another quarter percent, pushing the federal funds rate between 5% and 5.25%—a 16-year high. ...read more
Ann King President, Berkshire Hathaway HomeServices Florida Network Realty St. Augustine, Florida https://www.floridanetworkrealty.com Region served: Northeast Florida Years in real estate: 20 Number of offices: 9 Number of agents: 500 Favorite part of your job: Helping an agent set their goals, then watching them achieve. Motto/work philosophy that you ...read more
The Institute's Luxury Market Report is your guide to analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States. The report for April reviews the current statistics for the luxury market in North America month-over-month, as well...
A majority (63%) of agents and brokers said promoting energy efficiency in listings is very or somewhat valuable, according to a new report from the National Association of REALTORS®. The 2023 REALTORS®and Sustainability Report – Residential examines sustainability issues facing the real estate industry....
Leading Real Estate Companies of the World (LeadingRE) has announced that Susan Babb, director of relocation and corporate services, CRP, GRP, of Jack Conway in Hanover, Massachusetts, has been elected to the company's Advisory Council, a leadership group that provides guidance on key initiatives for the firm. ...read more
Many people pursue real estate because it offers them independence, connections, a chance to build skills and help people achieve the dream of homeownership. But in the end, if you aren't making a living, you won't be able to build a sustainable career that...
After consecutive months of almost no movement, RISMedia's measure of real estate confidence, the Broker Confidence Index (BCI), jumped this month, powering from 6.4 to 6.9—almost exactly where it was a year ago. Through most of 2023, brokers have remained more than a little...
Following its meteoric growth during the pandemic, virtual-focused brokerage eXp managed to grow its agent count in Q1 2023, even with revenue down against the headwinds of a market downturn. With a net income of $1.5 million, the company managed to stay profitable during...
Home price growth fell to 3.1% in March, the lowest rate of appreciation since the spring of 2012, according to a new report from CoreLogic. CoreLogic's Home Price Index for March found that while home price growth rose for the 134th consecutive month, it...
Mortgage applications decreased 1.2% from one week earlier after they saw a slight 3.7% uptick, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) for the week ending April 28, 2023. This week's numbers: The Market Composite Index, a measure of mortgage loan application ...read more
The real estate industry has been talking about affinity marketing for over 20 years. “I know. I designed, deployed and managed my first affinity program for a broker in 2003, and have done so for other brokers and for my own company ever since...
NAR PULSE—Market Trends and housing stats are now available on the RPR Mobile™ app, so you can stay up-to-date when you're on the go. Eleven Disasters Already Funded – We Need Your Help! Rally behind the REALTORS® Relief Foundation and help RRF get in...
Above: Christy Budnick, CEO of Berkshire Hathaway HomeServices, shared the brand's forever vision: the “where” we need to go and purpose; the “why” behind everything we do. Las Vegas, for millions of visitors, evokes innumerable images and memories, which include two-person entertainment acts. Most...
Berkshire Hathaway HomeServices Florida Network Realty is hosting its popular Mega Open House Weekend on Saturday and Sunday, May 20-21, 2023, the company has announced. In Northeast Florida, new listings, active inventory and home prices are up according to the Northeast Florida Association of...
Georgia luxury firm Harry Norman, REALTORS® has announced a partnership with Real estate technology company Reliance Network. They will launch Harry Norman's new website featuring Reliance's state-of-the-art Hyperlocal MLS search experience. “With any technology or innovation that we introduce, we have the client and agent experience at the forefront ...read more
Another variable has been added to the turbulent U.S. banking system equation as First Republic Bank has become the latest casualty in a trend that has many questioning the health of the nation's banks. While many are reeling following the demise and subsequent sale of the San Francisco-based bank, ...read more
The luxury housing market in the first quarter of 2023 is currently in the midst of an ongoing re-alignment from its overheated state of the last two years, yet it remains resilient as high-net-worth consumers continue to view real estate as a sound investment....
The CE-Shop has launched a new Salesperson Real Estate licensing course. This 70-hour course, with packages ranging from course only to course plus Exam Prep Edge, credits for future Continuing Education, and a Pass Guarantee, The CE Shop has all the education for a...
Jack Conway has been awarded the Website Quality Certification (WQC) from Leading Real Estate Companies of the World®. The certification was presented in recognition of excellence in website design, content and functionality. Jack Conway's website (jackconway.com) received high marks in a variety of critical areas relating to website performance, ...read more
John L. Scott Real Estate has announced the opening of a new real estate office, Clark County West, located in Ridgefield, Washington. The city has easy access to both Portland and Vancouver, making it a smart location, the company said. Clark County West is...
If your credit has taken a bit of a hit, you must make changes to rebuild your score. With a higher credit score, applying for a mortgage with better terms and lower interest rates will be easier. This could give you the credit score...
The success of any real estate business hinges on the ability to continuously find new clients. According to research, nearly three-quarters of all real estate agents say their No. 1 challenge is getting client leads. Therefore, building a personalized plan to get the clients...
Real Estate Webmasters (REW) is taking on a huge challenge. The worldwide leader in real estate websites, lead generation and CRM is building a global MLS and leveraging new artificial intelligence technologies via OpenAI/ChatGPT. With the help of its new AI Robot, REWPert, the...
The luxury housing market in the first quarter of 2023 is currently in the midst of an ongoing re-alignment from its overheated state of the last two years, yet it remains resilient as high-net-worth consumers continue to view real estate as a sound investment....
Software company CubiCasa has partnered with Bright MLS, the second largest Multiple Listing Service (MLS) in the country, to offer CubiCasa's easy-to-use floor plan creation app to Bright subscribers. The collaboration will expand the use of floor plans on listings within the Bright MLS...
Forbes Global Properties, a curated consumer marketplace of luxury homes and an invitation-only membership network of top real estate firms, has released this month's Luxury Agent Poll. When asked about a seller's tolerance for negotiability in the current market, 62% of Forbes Global Properties...
The May 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 Real Estate Webmasters' mission to build a global MLS, powered by the firm's new AI robot #REWpert, as well...
As you embark on your real estate journey, consider these five simple real estate licensing pitfalls. These are mistakes you can easily avoid with just a little preparation and awareness. No. 1: Picking the wrong real estate school If you enroll in a real...
Homeowners nationwide pay an average payment of $2,317 monthly on their mortgages, according to a new report from LendingTree. But, where can a homebuyer find the highest and lowest mortgage payments? LendingTree's new report analyzed mortgages offered, and their payments, to users of the...
For the month of February, 3% of all mortgages in the U.S. were in some stage of delinquency, a 0.2 percentage point increase compared with last month, but a 0.4 percentage point decrease compared with 3.4% last year, according to a new report from...
The obvious things that need to be addressed before having a client's home be listed for sale are, well, obvious. Anything you can easily see that's broken…a window, for example, needs to be fixed pronto. Some things aren't so obvious, but also need to...
Today I want to talk about change. When HomeServices was founded in 1998, it was on a mission to do things differently: to change the brokerage model and to embrace an ongoing commitment to innovation. That mission has led to years of financial success...
For brokerage leaders, security can be hard to come by. Operating a real estate firm or top team in today's shifting market can mean making hard choices to keep your business in the black. In recognition of this, we asked a few of the...
For real estate agents, getting back to the fundamentals of strategy can help you discover new business opportunities and expand your client base. From simplifying your tactics to streamlining your approach to lead generation, engagement and sales, you can find success even in an...
AI and the residential real estate ecosystem Most of the recent excitement over Artificial Intelligence has centered on generative AI, or more specifically, the ability of a chat bot to generate informed responses to complex inputs. While AI's capabilities have an obvious potential for automatically generating property descriptions and ...read more
More leadership shakeups are taking place at Anywhere Real Estate. The real estate giant announced that industry icon Sherry Chris is retiring from her role as president and CEO of the Anywhere Expansion Brands portfolio. The real estate giant, formerly Realogy Holdings Corp., announced Thursday that Chris would be ...read more
In February, RISMedia named more than 300 real estate professionals as 2023 Real Estate Newsmakers. Each of these individuals—separated into six categories—was either nominated by you, the RISMedia reader, or chosen by our editors. RISMedia Newsmakers also made newsworthy contributions within their own communities...
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 30-year fixed mortgage rate climbed modestly, according to the latest Primary Mortgage Market Survey® from Freddie Mac. The index shows that mortgage rates...
The National Association of REALTORS® (NAR) has opened registration for its 2023 REALTORS® Legislative Meetings. The annual event will take place from May 6-11 in Washington, D.C. at the Walter E. Washington Convention Center. After being held virtually during the earlier stages of the...
In an effort to honor real estate agents who are new to the business yet achieving extraordinary results, RISMedia has opened nominations for its second annual Real Estate Rookie of the Year award, sponsored by industry education leader, Colibri Real Estate. The deadline to...
Editor's Note: RISMedia recently released its 2023 Top 1,000 Power Brokers, exclusively for RISMedia Premier Members. In this special interview series, we talk to some of our top-ranking brokers to garner their insights and strategies for sustaining their firms' success. For more information, click...
Profit margins on median-priced single-family home and condo sales decreased from 48.7% in Q4 2022 to 44.2% in Q1 2023 as home prices stayed flat or kept declining around most of the nation, according to a new report from ATTOM. ATTOM's Q1 2023 Home...
VA loans can look very attractive if you are a veteran or in the military. They are a popular choice for eligible homebuyers with no down payment requirement and better interest rates. Despite offering good terms, they might not be the best option for...
Berkshire Hathaway HomeServices Florida Network Realty announces a unique property listing on the market. The listing is currently owned by Dreams Come True, a Florida organization dedicated to fulfilling the dreams of children battling life-threatening illnesses. Dreams Come True received the property, consisting of...
ERA Key Realty Services, which merged with HUNT Real Estate ERA of Buffalo, New York, in 2018, has been named the number one agency in ERA Franchise Systems, the company announced. The combined brokerage, which operates under the name ERA Key Realty Services in...
Editor's Note: The Playbook is an RISMedia biweekly 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...
As we headed into 2023, brokers braced for impact, ready to confront the challenges—and surprises—that lay ahead for residential real estate. Now, as we approach the year's midway point, it's time to assess how business has unfolded so far and reframe what's in store...
Pending home sales decreased by 5.2% in March, according to the latest data from the National Association of REALTORS® (NAR). This is the first monthly decrease since November. NAR's Pending Home Sales Index (PHSI) for March registered at 78.9, reflecting a moderate level of...
The 30-year fixed-rate mortgage (FRM) inched up to 6.43% this week, a slight increase from 6.39% the previous week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week's numbers 30-year fixed-rate mortgage averaged 6.43% as of April...
Utmost Real Estate Group, a boutique brokerage that has served Chicago since 2019, has affiliated with CENTURY 21, the company has announced. This increases the brand's presence in the Chicago metro area. The company is led by Grace Ryu, who first entered the real...
Moderator: Kymber Lovett-Menkiti, President, Keller Williams Capital Properties, Washington D.C.; Broker Relations Liaison, National Association of REALTORS® (NAR) Panelists: Brad DeVries, CEO/President, HUFF Realty, Rector Hayden REALTORS® & Semonin REALTORS®, Berkshire Hathaway affiliates, serving Kentucky, Indiana and Ohio Cameron Merage, Founder, CEO, First Team Real Estate, Irvine, California Rei ...read more
The National Association of REALTORS® (NAR) announced that they have joined together with several other housing organizations to support the Department of Housing and Urban Development's (HUD) proposed Affirmatively Furthering Fair Housing (AFFH) rule. NAR stated that joining them in their support are The...
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 News. In this latest Window...
With home prices still running high, renting has become the new buying for many in the market for housing. But, what cities are these renters looking at living in the most? RentCafe's Rental Activity Report for April looked at the number of available apartments...
Weichert Realtors has announced it won a prestigious Member Achievement Award from Leading Real Estate Companies of the World® (LeadingRE), a global network of 550 independent real estate firms. The award was presented at the LeadingRE Annual Conference, which took place March 28-30 at...
In real estate, changing tides and market cycles are expected for those around long enough to navigate their share of market changes. While agents and brokers are typically left deciding which career moves would best suit their business, those at the highest levels of...
CoStar Group, the commercial real estate giant that is making a hard push into residential and rentals, saw revenue rise 13% year-over-year to $584 million in Q1, driven by growth in residential and multifamily as the company starts off 2023 on the right foot....
Mortgage applications bounced up this week, increasing 3.7% from one week earlier, when data showed an 8.8% pullback, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) for the week ending April 21, 2023. This week's numbers: The Market Composite Index, a measure of ...read more
The National Association of REALTORS® (NAR) and Realtor.com® honored three winners of the Fair Housing Champion Awards during NAR's Fair Housing Month event, “At What Price? Overcoming Barriers to Homeownership,” the organizations announced. Honorees received recognition for their efforts to widen homeownership access in...
Anywhere Real Estate Inc has announced its inclusion on Forbes' Best Employers for Diversity 2023 list. Anywhere has previously appeared four times on the list, which is presented by Forbes and statistics portal/industry ranking provider Statista Inc. “Anywhere is deeply committed to serving and...
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. Being available 24/7 for your clients is something that every agent strives for, but the reality is—that's...
On January 25, the White House released a 19-page document titled, “A Blueprint for a Renters Bill of Rights.” Prepared by the Domestic Policy Council and National Economic Council, this blueprint is divided into five principles, outlining goals for improving conditions for renters and...
April is Earth month, which is the perfect time to emphasize sustainability in your firm and demonstrate your commitment to the environment. NAR's Sustainability Program offers marketing tools, proprietary research, free courses and resources that allow your agents to meet the growing demand for...
Second homes are providing a surge of new listings, and first-time homebuyers are back this spring, according to the latest survey from Bright MLS, which also unearthed some potentially important trends across its large mid-Atlantic footprint as real estate professionals across the country are...
The National Association of REALTORS® (NAR) has announced RESAAS as a new partner in NAR's REALTOR Benefits® program. RESAAS is an online platform enabling REALTORS® specializing in residential real estate to share and win new referral business, showcase their listings and gain insights into...
The acceleration of price gains for single-family homes held firm in February, but there were some positive signs of a modest bounce-back in some areas of the latest S&P Case-Shiller Index. The February index posted a 2% annual price gain for single-family homes, down from 3.7% in the previous ...read more
Sales of new single‐family houses in March 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). This is 9.6% above the revised February...
Consumer confidence fell to 101.3 in April, down from 104 in March and the lowest recorded reading since July 2022, according to the latest data from The Conference Board. The Consumer Confidence Index details consumer attitudes, buying intentions, vacation plans and consumer expectations for...
The Corcoran Group, part of Anywhere Real Estate, announces the celebration of its 50th anniversary. The firm was founded in Manhattan by Barbara Corcoran in 1973. In 1981, The Corcoran Report–the first real estate market report–began covering New York City real estate trends. Pamela...
After starting his career in 2006, Lee Tessier never had the intention of building a real estate team. Today—as team leader of The Lee Tessier Team at eXp Realty—Tessier leads a team of agents, sales partners, directors and managers as they navigate the Baltimore...
As a team leader, a big part of your job is to keep your team members working together and supporting one another. Remember, your team isn't just a couple of individual REALTORS® you cross paths with on occasion. It's a group you chose to...
The excitement around artificial intelligence (AI) has been building for years, but when ChatGPT went viral earlier this year, it reinvigorated many conversations about how AI will transform our lives. Naturally, real estate professionals are wondering how it will impact their jobs—a Google search...
When you buy a home constructed more recently, there is a good chance it will be part of a homeowners association. The HOA will maintain the community areas and ensure certain standards are followed. But all this does mean extra fees and more restrictions...
ERA Real Estate has announced the affiliation of ERA Prime Real Estate Group, based in Grand Blanc, Michigan. The full-service firm, which also offers mortgage and title services, is active in the several counties throughout southern Michigan, including Genesee, Livingston, and Oakland. ERA Prime Real Estate Group is led ...read more
As if most homebuyers these days didn't have enough to grumble about regarding mortgage costs this year compared to last, they will soon have another financial thorn in their sides. Beginning May 1, 2023, under the Biden Administration's continuing policy to rework the income...
Anywhere Real Estate Inc. has announced the graduation of its eighth class of its program Ascend: The Executive Leadership Experience (‘Ascend'). The class includes 39 aspiring real estate leaders, including broker-owners from each of the company's family of brands–Better Homes and Gardens® Real Estate,...
OneKey® MLS, serving the southern regions of New York, has announced it has joined a growing list of multiple listing services (MLSs) that rely on MLS Grid to manage data feed licensing and delivery. The announcement underscores the New York based OneKey® MLS' commitment...
Better Homes and Gardens Real Estate announced the affiliation of Treasure Realty in Sneads Ferry, North Carolina. The brokerage will now go by Better Homes and Gardens Real Estate Treasure. Treasure Realty was founded in 1990 by Richard Baker and Tim Baker, the brokerage...
The Florida home sales, specifically in the Palm Beach area, saw some growth but also some challenges as inventory shortages and other issues persist in the market, according to a new report from Brown Harris Stevens. Brown Harris Stevens' Q1 2023 Residential Market Report...
How This Mortgage Franchise Option Is Changing the Game “It was 2016 and I was an executive at one of the most successful real estate franchisors on the globe. We were in the thick of the post-recession real estate boom, which meant ‘idle time'...
Some of the best real estate agents in the business today know how important it can be to go outside your comfort zone in order to keep—and retain—profitable clients. Getting stuck in a rut with the same strategies that only bring you moderate success...
United Real Estate (United) has announced the appointment of Steve Wagner to executive vice president–Agent Training, Education and Development (T.E.D.). Under his leadership and by leveraging his decades-long commitment to improving agent outcomes, United expects to become the standard-bearer for modern, technology-enabled T.E.D., the...
The 2023 Marijuana and Real Estate: A Budding Issue report examines the effects of marijuana legality on various aspects of real estate. The survey, which polled NAR members, divided the responses by states that have legalized medical marijuana only and states that have legalized...
The LGBTQ+ Real Estate Alliance has launched LGBTQplusHomes.com, a consumer-facing website designed to assist current and potential LGBTQ+ home buyers and sellers. The site showcases market insights, tips, and other valuable information, along with articles tailored to the specific needs of the LGBTQ+ community....
Most real estate agents can agree that there is always room for professional development. A critical piece to that puzzle should be a mentor who can provide vital guidance to help you thrive in market conditions. An experienced, knowledgeable mentor willing to share their expertise can help you ...read more
On Monday, I also had the opportunity to attend the Giants-Dodgers game with my friends Kevin Barrett, Kraig Constantino and Jordan Mott, celebrating an amazing baseball rivalry. On the drive to the game, I just had to call Chris Sears, vice president of partnerships...
Buying or selling a home can be a challenging, stress-filled and often emotional experience, especially in today's complex real estate market. As a REALTOR®, you're resolved to help your clients make the process go as smoothly as possible from start to finish. Luckily, REALTOR...
When this country was founded, very few people could own homes—not due to lack of resources or desire, but because laws disallowed them from doing so. It took hundreds of years and tremendous bloodshed to get to this point, and even now, some practices...
Editor's Note: RISMedia recently released a special advanced look at the Top 100 firms ranked in RISMedia's 35th Annual Power Broker Report, exclusively for RISMedia Premier Members. The Top 500 Power Broker firms was also released in advance to Premier Members, and the Top...
While single women own more homes than single men, they also spend more on homes they own than men, according to a new study from LendingTree. LendingTree's new study, using data from the U.S. Bureau of Labor Statistics 2021 Consumer Expenditure Survey, looks at...
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. After seeing consistent decreases for the past several weeks, mortgage rates rose to 6.39% this week, according to the latest Primary Mortgage Market Survey®...
OneKey MLS–servicing the southern regions of New York state such as the Hudson Valley, New York City, and Long Island–maintains a monthly report keeping track of changes to the residential real estate market. On April 18, 2023, the MLS released its report covering February...
Data technology is driving transformation across every industry when it comes to decision-making, innovation, and customer experience. The real estate industry is not immune to this transformation. Most organizations realize that using data to better understand customer needs and preferences is vital to creating...
As the 2023 residential real estate market meanders along, with a lack of inventory being the single biggest issue for REALTORS®, there aren't any silver linings, but there may perhaps be a copper lining, or a pewter one. A new survey shows that while...
Homeowners aged 62 or older can use their home equity to receive a lump sum, a line of credit, or income through a reverse mortgage. While this might seem like a great way to enjoy your senior years or cover unexpected bills, there are...
South Florida's luxury residential market recorded significant quarterly gains in the past three months, according to The Keyes Company and Illustrated Properties' new Luxury Report. The first-quarter metrics hint at an active remainder of 2023. Key findings: Miami-Dade, Broward, Palm Beach counties, the Treasure...
Weichert Real Estate Affiliates, Inc. (WREA) announces that it has been recognized by Franchise Business Review on its 2023 lists of “Top Franchises for Women,” “Top Low-Cost Franchises,” and “Top Recession-Proof Franchises.” WREA was one of just 50 franchise brands to earn the honor...
In February, RISMedia named more than 300 real estate professionals as 2023 Real Estate Newsmakers. Each of these individuals—separated into six categories—was either nominated by you, the RISMedia reader, or chosen by our editors. RISMedia Newsmakers also made newsworthy contributions within their own communities...
Existing-home sales fell 2.4% to a seasonally adjusted annual rate of 4.44 million in March, according to the National Association of REALTORS®' (NAR) most recent existing-home sales report. NAR's latest data on existing homes for March found that year-over-year, sales decreased 22%, down from...
After over a month of dips in mortgage rates, the 30-year fixed-rate average bumped up to 6.39% 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 6.39% as of...
Leading Real Estate Companies of the World® paid tribute to top-performing member firms and individuals at its Awards Gala, held March 30 at Wynn Las Vegas. The Gala was the culmination of LeadingRE Conference Week, a series of specialized events that attracted nearly 2,000...
Anyone associated with the real estate market knows well that trends ebb and flow based on a variety of outside factors, from the seasons to the state of the economy. Design preferences tend to fluctuate rapidly and luxury real estate professionals must stay attuned...
As a broker or manager your entire future sales revenue depends on continuously hiring productive real estate agents into your organization and yet the focus on recruiting is often not top priority. For the sustainability, growth and consistent sales and profit of your business,...
VITALS: JBGoodwin REALTORS® Years in business: 51 Size: Approximately 850 agents in 8 offices Regions Served: Austin and San Antonio, Texas 2022 Sales Volume: $1,169,306,678 2022 Transactions: 2,745 https://www.jbgoodwin.com/ On the day J.B. Goodwin graduated from the University of Texas in June 1972, he opened up his own real ...read more
Despite being nearly two years removed from the end of the U.S. foreclosure moratorium, the upward trajectory of foreclosure activity has held firm well into 2023, according to recent reports by ATTOM Data Solutions. The organization released its Q1 2022 U.S. Foreclosure Market Report, which shows 95,712 U.S. properties ...read more
The number of mortgage loans in forbearance reached 0.55% in March 2023, a month-over-month drop of 5 basis points from the previous month's 0.60%. That's according to the latest monthly Loan Monitoring Survey, conducted by the Mortgage Bankers Association (MBA). This drop means that a total of 275,000 homeowners ...read more
As a real estate team leader, you have an extraordinary opportunity in front of you. As the market fluctuates and many agents become stuck or worse, leave the industry, you can take the opposite approach. You can take charge right now and positively influence...
After receiving an overwhelming response in its inaugural year—honoring 10 finalists and awarding a national winner—RISMedia's second annual Real Estate Rookie of the Year contest opens for nominations on May 1. A program designed to honor real estate agents who are new to the...
The headwinds that began in the middle of 2022 have yet to give an inch as companies try to weather the changing tides of a rebalancing housing market and economic volatility. While many struggle with the market shifts, some are having a more challenging...
No matter your age or able-bodiedness, challenges associated with housing are going to be present in one form or another. The would-be buyers of younger generations face the problem of rising costs, while older homeowners face potential displacement. But one problem all generations face...
Production of single-family homes is on an upswing in the new year as recent data from the U.S. Census Bureau shows another month of increases in starts, permits and competitions. According to the latest new residential construction data from the U.S. Census Bureau, housing starts were at a seasonally ...read more