By the NumbersPending home sales show biggest gain since 2020NAR's monthly report found that as mortgage rates declined in January, pending home sales moved upward.Linda F. HerseyFebruary 27, 2023
MLS/AssnBob Goldberg's mandate: Ensuring NAR members 'feel heard and valued'At the National Association of Realtors, CEO Bob Goldberg champions the needs and interests of members that number 1.5 million. Linda F. HerseyFebruary 27, 2023
BrokeragesDoes your brokerage business plan include agent retention? It should!There's no quick-fix — your agent retention strategy should be as well-thought-out as your lead generation, training or sales programs.Mary BooneFebruary 26, 2023
By the NumbersValues of Black-owned homes rose the fastest during the pandemicRelative to overall home values, Black home values fared well in recent years according to Zillow data. But the racial homeownership gap remains wide.Dave GallagherFebruary 25, 2023
TechWhat ChatGPT can (and can't) do for agentsThe popular AI tool can be a helpful starting point when writing content like listing descriptions or social posts. But it has its limitations.Cheryl Reid-SimonsFebruary 25, 2023
IndustrySwanepoel's Inner Circle: Real estate's journey to the big leagues and big moneyThe residential real estate industry has seen epic growth from the days when home computing was new, and the top brokerage did $2.2 billion in annual sales.Stefan SwanepoelFebruary 24, 2023
By the NumbersHome values have dropped from 2022 peak, opening doors for buyersA new Redfin report found the total value of U.S. homes has dropped $2.3 trillion since June 2022, with the biggest declines in the San Francisco Bay Area.Dave GallagherFebruary 24, 2023
TechTech Bytes: CoreLogic snags mortgage firm, Revive acquires HomePrep, moreCoreLogic acquires Roostify, WARDEX adds listings tech, two renovations companies merge, Chime touts success of AI chatbot, CubiCasa partners with The MLS/CLAW.Real Estate News StaffFebruary 24, 2023
AgentsVolunteerism and mentorship cornerstones of NAR award programsVolunteering Works and the Good Neighbor Awards recognize real estate agents who donate their time and skills to community organizations.Linda F. HerseyFebruary 24, 2023
IndustryOpendoor posts $399M loss in Q4 but sees growth aheadDespite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.Linda F. HerseyFebruary 23, 2023
By the NumbersHigher mortgage rates could mean a 'nobody's market' this spring Mortgage interest rates climbed again this week, with the daily rate approach levels not seen since November.Dave GallagherFebruary 23, 2023
BrokeragesAnywhere reports losses of nearly half a billion in Q4CEO Ryan Schneider said the company will make cost reductions to bring operations in line with the market, as he expects a volatile year in real estate. Linda F. HerseyFebruary 23, 2023
BrokeragesTeams on the Move: E&V, KW, Side, Corcoran and Platinum Living gain teamsThe latest movers: The Nielsen Group, Laurie Finkelstein Reader Real Estate, Archpoint Advisory, The Real Estate People, Inspired Living.Real Estate News StaffUpdated February 24, 2023
BrokerageseXp Realty named in sexual assault complaintThe complaint alleges that eXp Realty turned a “blind eye” to two agents who had a history of drugging and sexually assaulting women.Dave GallagherUpdated February 24, 2023
TechAutomated valuations a 'conversation starter' for agentsInstant home values (like Zillow's Zestimate) are getting better, and can be a tool for underwriters and savvy agents. Linda F. HerseyFebruary 22, 2023
By the NumbersLower mortgage insurance premiums to reduce costs for first-time buyersThe government announced a plan to cut mortgage insurance rates by 0.3 percentage points, which could save eligible homeowners an average of $800 a year.Dave GallagherFebruary 22, 2023
AgentsAgents Decoded: There's no excuse for bad (agent) behaviorMost agents are hardworking and professional, says broker Phil Faranda. But those who aren't can damage your brand and the industry — and should be terminated.J. Philip FarandaFebruary 22, 2023
IndustryCoStar’s Andy Florance: ‘We are not buying Move’Florance, founder and CEO, made the announcement during a Q4 earnings conference call Tuesday, which also highlighted the company's revenue gains.Linda F. HerseyFebruary 21, 2023
MLS/AssnConsolidation means fewer MLSs and associations in 2023T3 Sixty's annual report on Organized Real Estate found a 7.6% drop in the number of MLSs and a 3.8% drop among Realtor associations since 2020.Dave GallagherFebruary 21, 2023
By the NumbersU.S. home sales drop for the 12th straight monthSales of existing homes fell again in January, but the slower rate of declines suggests the market is "bottoming out."Linda F. HerseyFebruary 21, 2023