Builder confidence continues to fall, hitting a low of 34 in July, driven by high interest rates. While overall housing starts spiked in June, growth was limited to multifamily, with single-family starts remaining flat.
Real's acquisition of REMAX shifts the real estate landscape, threatening small franchises with agent attrition due to lower fees. The deal offers REMAX brokers Real's tech but raises concerns about data and direct competition, transforming the owner-broker relationship.
A CFA study reveals Black and Hispanic homeowners pay significantly higher insurance premiums due to factors like credit scores and algorithmic bias. This disproportionate cost represents a form of proxy discrimination, requiring legislative action.
Larry "Boomer" Foster transitioned from law to real estate, joining his uncle's firm, Long & Foster. After acquisitions and personal loss, he launched Paul Wesley Realty, focusing on family values and client-centric service with the help of AI.
Inheriting property may incur capital gains tax on gains over £3k. For unregistered property, finding original deeds via solicitors/mortgage firms or HM Land Registry is vital. Deeds prove ownership and are crucial for selling, while probate grants take ~12 weeks.
Google and HouseCanary partner to integrate real estate listings on Google search via MLS opt-in, aiming for transparency. Listings appear for free, but Google doesn't receive payments. Data is protected from LLMs, and it's a top-of-funnel tool, not a full replacement.
Zillow Pro is a subscription for agents, featuring "My Agent" to connect with clients, offering agents insights into client activity with consent. It aims to empower agents and improve customer engagement, allowing easy communication and visibility during home searches.
NAR is pushing for modernization of MLS registration to cut costs, advocating for digital processes and opposing Copyright Office fee hikes. They support data privacy bills and AI accountability.
Leading real estate teams are joining new brokerages, expanding their reach, and enhancing services. Recent moves include the Edie Israel Team joining Coldwell Banker Realty and REMAX Aboutowne adding agents and opening a new branch.
Small investors, comprising 63% of acquisitions, now dominate the US housing market, hitting a 15-year high as large capitalists pull back. This signals a 'new balance,' with competition strong in affordable Midwest and Sun Belt regions.
SmartProperty Atlas uses AI for property budgeting. Lofty, Rechat, MetroList, Land id, Roomvu, Realtor.com & nora unveil AI tools for search, marketing, transaction management, and homeowner insights, boosting efficiency and client experience in real estate.
This text critiques claims of 'national MLS' status, emphasizing that local MLSs are vital for accurate, comprehensive real estate data. It advocates for data partnerships and collaboration between MLSs over national ambitions, warning against fragmented data and lost contextual information for brokers.
Persistent inflation suggests the Fed will maintain its wait-and-see approach, delaying rate cuts and hikes. This also postpones mortgage rate relief for real estate, despite a strong labor market. Experts anticipate steady rates through summer.
US housing market faces slowdown with falling mortgage applications, rising inventory, and seller wariness. Experts cite slowing demand and increased mortgage payments. New listings are down, and delistings are at a decade high.
MARIS, a St. Louis-based MLS, is waiving subscription fees for new clients to attract brokers concerned about data feed uncertainty and high costs. They aim to provide a stable, reliable solution.
Explore historic Grade II-listed homes featuring mature gardens, orchards, pools, and unique architectural details. Properties range from 12th-century mills to 18th-century residences, offering luxurious living spaces and ample acreage.
Prominent real estate associations and companies announce new leadership. Tiffany James leads HAAR, Chris Winter heads Cole West homebuilding, and Lucy Wood takes charge of Windermere Realty in the Pacific Northwest. Tyler also steps into a key role.
