IndustryPeople On the Move at Realty ONE and John R. WoodDavid Romero was hired as EVP of growth at Realty ONE, and John R. Wood Christie's announced 4 exec-level promotions.Real Estate News StaffMay 17, 2023
By the NumbersWhere buyers and sellers are finding common groundA new survey by Opendoor found that a high percentage of home buyers and sellers are willing to make some concessions in order to close a deal. Dave GallagherMay 17, 2023
By the NumbersBuyer sentiment is up despite market challengesFannie Mae’s Home Purchase Sentiment Index saw the biggest increase in nearly a year.AJ LaTraceMay 16, 2023
By the NumbersBuilders growing more confident heading into the summer monthsAfter a year of declining confidence in 2022, homebuilder optimism is on the rise, driven by buyer demand that is outpacing the supply of existing homes.Dave GallagherMay 16, 2023
BrokeragesButterflies, the “Easy Bus” and a plan for tough timesHomeServices of America CEO Gino Blefari knows what agents are facing — and what they’re capable of. His advice? Keep going. Winning is possible.Stephanie Reid-SimonsMay 16, 2023
By the NumbersBig drops in inventory thwart California buyersCalifornia homebuyers are experiencing the worst situation in the country when it comes to new home listings.AJ LaTraceMay 15, 2023
BrokeragesTeams on the Move: Real and Compass make gains; BHHS Chicago team expandsThe Speicher Group, with $1 billion in sales, has joined Real; luxury Team Carte Blanche returns to Compass; BHHS Chicago's MG Group expands.Real Estate News StaffUpdated May 16, 2023
AgentsAgents Decoded: How to avoid falling victim to scamsShady lenders and vendors make big promises that are often too good to be true. Learn how to vet them, and how to spot red flags.J. Philip FarandaMay 15, 2023
AgentsThe particular (and sometimes peculiar) needs of pet-owning buyersFor some homebuyers, their "fur babies" come first. Agents who know how to best serve clients with pets can land more business, and maybe a few nose nuzzles.Cheryl Reid-SimonsMay 14, 2023
IndustryDavid Doctorow: The future of Realtor.com, and this ‘moment of truth’ for agentsThe Move, Inc top exec reflects on three years in the job and shares his vision of a “pure” marketplace.AJ LaTraceMay 13, 2023
TechTech Bytes: News from CoreLogic, Milestones Labs and more MLSListings partners with CoreLogic; MIAMI offers Milestones; news from Reggora, Evocalize, and LeadingRE + CB4C.Real Estate News StaffMay 13, 2023
MLS/AssnNAR mandates fair housing training for all membersThe Realtor association will now require its more than 1.5 million members to complete fair housing coursework every three years.AJ LaTraceMay 12, 2023
BrokeragesKW sales volume down by nearly a third, but global numbers are upKeller Williams saw overall declines in transactions and sales volume in Q1, but closed $4 billion worth of deals outside of the U.S. and Canada.AJ LaTraceMay 12, 2023
MLS/AssnGet ready, say MLS leaders — change is comingCEOs from five of the country's largest MLSs discussed the challenges (and progress) in making MLS organizations more efficient and collaborative.Dave GallagherMay 12, 2023
BrokeragesA tough first quarter for top Canadian brokerage companyBridgemarq Real Estate Services reported a net loss of $4.7 million, attributing the drop to the housing market downturn.Stephanie Reid-SimonsMay 11, 2023
BrokeragesReal defies the odds, reports strong annual revenue gainsThe Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.”Amie FisherMay 11, 2023
By the NumbersThe 'catastrophic' impact of a debt default on housing costsThe U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.Cheryl Reid-SimonsUpdated May 24, 2023
By the NumbersMortgage rates inch down, continuing a ‘sideways trend’ Interest rates dipped slightly to 6.35% this week, and mortgage applications were up — but limited inventory is keeping the market “subdued.”Amie FisherMay 11, 2023
BrokeragesWhy RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.Dave GallagherMay 11, 2023
IndustryFHFA decides to scrap new debt-to-income ratio feesThe fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.Dave GallagherMay 10, 2023