Property Invests
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Total existing home sales hit a 14-year slump, falling 1% in September compared to August and declining 3.5% year-over-year, according to the latest data from the National Association of Realtors.
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"With a strong balance sheet, robust pipeline of projects in our development marketing business, and the competitive advantages provided by our dedicated team of world-class agents, I am confident that Douglas Elliman's brightest days are ahead," he said, adding that his efforts are aimed at "maximizing shareholder value."
But they are facing it with optimism, with DMAR CEO Brendan Bailey saying the new leadership of the MLS "promises to create exciting new opportunities for the real estate community, enabling us to better serve our clients and succeed during this pivotal time for the industry."
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The events of the past few years have been a shock to the system for residential real estate: Lawsuits that have changed how agents get paid and challenged their value, a frozen housing market, NAR upheaval.
“Landlords have faced continuous financial and regulatory hurdles with many having to pass on certain costs by raising rents just to break even on their increasing expenditure,” says Nathan Emerson, chief executive of Propertymark.
A consumer watchdog's perspective on listing agreements: Ahead of the new industry practices that took effect in August, many brokerages, MLSs and associations spent the summer revising or creating buyer and seller contracts.
Jeremy Leaf, estate agent and a former RICS residential chairman, says: “This most comprehensive of all house-price surveys, as it includes cash and mortgage transactions, demonstrates once again considerable market strength despite reflecting activity over the past three months at a time of economic and political turbulence.
A proverbial line has been drawn in the sand in the intensifying debate over NAR's Clear Cooperation Policy — a rule that requires agents to add their listings to the MLS within one business day of publicly marketing a property.
"Through data sharing, we are broadening our members' access to crucial information and promoting a collaborative spirit that benefits the entire real estate community in Texas," Gilbert Gonzalez, CEO of the San Antonio Board Realtors, said in a press release.