IndustryWhat happens to real estate when the government shuts down?Housing market impacts could include mortgage delays, declining consumer confidence and — perhaps — a small dip in mortgage rates.Dave GallagherSeptember 25, 2023
BrokeragesPeople on the Move: NAHREP names CEO at new builder org; Real hires finance VPGeorge Carrillo will take on the top role at the newly launched National Hispanic Construction Alliance; Ravi Jani joins Real as VP of investor relations.Real Estate News StaffSeptember 25, 2023
IndustryAmazon committing $40 million to support homeownershipThe tech giant announced its latest effort to promote housing, focused specifically on homebuyers.Dave GallagherSeptember 25, 2023
AgentsWhy buyers are waiting to act — and how to help them move forwardThe latest installment of Zillow's annual trends report offers insights into prospective buyers' needs and motivations, and how agents can add value. Cheryl Reid-SimonsSeptember 24, 2023
MLS/AssnIn Focus: MLSs face 'staggering and energizing' changesNorthstarMLS CEO Tim Dain offers his tech-forward view of the future, which includes transparency, consolidation and richer listings content.Amie FisherSeptember 23, 2023
BrokeragesBrokerage Beat: News from Christie's, RE/MAX, Real, CompassChristie's heads to Austin; RE/MAX adds franchise in Mass.; boutique Lafayette firm joins Real; Compass nabs $1 billion SoCal firm; John R. Wood upsizes.Real Estate News StaffSeptember 23, 2023
BrokeragesMV Realty files for bankruptcy amid legal turmoilThe brokerage, which offered homeowners cash in exchange for a 40-year right-to-list agreement, has been bogged down by lawsuits and investigations.Robert Davis, Stephanie Reid-SimonsSeptember 22, 2023
MLS/AssnNAR’s 'concrete actions' include outside counsel, task forceAn email sent by CEO Bob Goldberg to staff on Thursday promises an independent assessment of company policies and practices. Dave GallagherSeptember 22, 2023
IndustryIndustry Decoded: It's a buy-low marketCompanies are built in down markets, and savvy business leaders should take advantage of deals on tech, services and more — right now.Jack MillerSeptember 22, 2023
IndustryAttorneys scuffle over evidence as commissions trial approachesBoth sides in the Sitzer/Burnett case filed motions over the right to use — or exclude — evidence from parties who have already settled. Dave GallagherSeptember 21, 2023
By the NumbersExisting home sales fall for the sixth time in 2023Sales dipped in August but have been relatively stable on average — though well below last year's levels, reflecting high prices and limited supply.AJ LaTraceSeptember 21, 2023
By the NumbersMortgage rate relief? Not this yearRates inched up this week, and with Fed signals that interest rates will remain “higher for longer,” buyers may continue to face tough options.Dave GallagherSeptember 21, 2023
By the NumbersGet your buyers ready: The best time to buy a house is…Forget the spring and summer rush — home shoppers will have better luck making a deal during the first week of October, according to Realtor.com.AJ LaTraceSeptember 20, 2023
By the NumbersNo rate hikes (yet) as Fed shakes off mortgage ‘lock-in’ effectThe Fed did not boost interest rates at its September meeting but warned that one more hike is likely this year.AJ LaTraceSeptember 20, 2023
TechTech Bytes: News from CubiCasa, Relevate, DirectOffer, DeltaCRMLS adds CubiCasa floor plan app; Relevate ups offerings to Florida's SCAR; FIABCI-USA adds DO AudioTours; Delta Media Group launches new platform.Real Estate News StaffSeptember 20, 2023
BrokeragesPeople on the Move: Christie's elevates 2 execs to presidentFormer president Chris Lim moves into an advisory role, while EVPs Natalie Hamrick and Kevin Van Eck will share the top leadership position. Real Estate News StaffSeptember 19, 2023
By the NumbersHome construction slowed in August as builder confidence fellThe multifamily sector saw the largest monthly declines, but single-family starts were also sluggish as mortgage rates remained high.Dave GallagherSeptember 19, 2023
IndustryMen, it's time to do betterSexism isn't just a societal problem, it's a real estate industry problem. And if anything is going to change, men will have to step up — and speak up.Jay ThompsonSeptember 19, 2023
MLS/Assn'Day of action' brings calls for change to NAR’s doorstepThe NAR Accountability Project and its allies laid out their four-point plan during an event outside the organization’s Chicago headquarters on Monday.Dave GallagherSeptember 18, 2023
TechCompass aims to save agents 'time and money' with AI toolThe brokerage has launched a new ChatGPT-based tool to help agents “accelerate their workflow” by crafting listing descriptions and more. AJ LaTraceSeptember 18, 2023