Slow pace of home sales points to a subdued spring season
"While inventory is expected to increase and there is still a lot of pent-up demand, consumer anxiety and rising concerns about an economic downturn could hinder market activity."
Condo ‘blacklist’ killing sales in disaster-prone areas
Why Fannie Mae is keeping tabs on condos: While the finance giant isn't a direct lender, it buys and resells large numbers of mortgages — but only if those loans are adequately protected.
MLS-owned data platform Remine to be sold
Now, in a move first reported by Inman, Remine's assets are being offered for sale via an "Assignment for the Benefit of Creditors" (ABC) — an alternative to bankruptcy that is meant to provide a quick, discreet means of selling a distressed business.
Tech Bytes: Markt, Voiceflip partner on AI-powered MLS tool
But Markt General Manager Betsy Hanson said in a news release that the tool will also "give MLS subscribers quick and accurate answers, freeing our staff for bigger challenges" by helping to lighten the load of administrative duties, improve service speed, lower operational costs and enhance member interactions.
‘Unfiltered’: NAR has ‘a lot of cleaning up to do’
While Witt acknowledged the varied opinions on the CCP, he thinks the introduction of the policy in 2020 was "long overdue" and in the best interests of buyers and sellers.
Redfin deal helps Rocket get in front of buyers sooner
For agents to succeed in that environment, Gehrke said it will be critical for them to embrace tools that free up their time so they can focus on their strengths: Serving as a knowledgeable local resource who can provide insight into the home, neighborhood and city.
Larger homes drive house price growth – Halifax
“This time last year, the average price of a flat had risen more quickly than a detached house, as buyers adjusted to higher borrowing costs and sought to compensate by targeting smaller properties,” she added.
Zillow exec: ‘I don’t see the benefit of hiding inventory, ever’
We've got data on a very broad survey of almost 3 million listings done by credentialed economists that shows that sellers typically leave money on the table if they sell their home off market.
When will we have enough houses? It could take decades
Last year, the association shelled out $86.3 million to influence election-year campaigns, and it maintains a lengthy list of legislative priorities related to inventory, fair housing and access to homeownership.
People on the Move: The Agency adds tech, core services execs
"Zane is a visionary leader whose expertise in technology and innovation will be instrumental as we expand our digital capabilities and deliver best-in-class solutions for our agents and clients worldwide," The Agency President Rainy Hake Austin said in the announcement.
No Clear Cooperation? Expect ‘an explosion’ in private listings
Repealing the National Association of Realtor's Clear Cooperation Policy could not only lead to a mad dash by brokerages to capture more private listings, it would have consequences for agents, consumers and the notion of "a fair and democratic housing market."
Homeownership is all over the map — see the state at No. 1
A recent analysis of home prices, ownership rates and migration in 2024 found that homeownership has remained relatively stable over the past few years, even as affordability has worsened.
Former Zillow execs launch AI assistant for real estate agents
There are a number of AI-powered tools being used to speed and automate various tasks in the real estate industry, from generating leads to analyzing the market to virtual staging.
UK house prices rose 4.6% last year – where did property prices grow most?
Jason Tebb, president of OnTheMarket, a property portal, commented: “With inflation rising unexpectedly to 3%, the next rate reduction may be pushed back a little as the Bank of England keeps a close eye on inflationary pressures in coming months.”
Under pressure from NAR, Phoenix Realtors cuts MLS Choice
A separate statement shared later by Phoenix Realtors CEO Andy Fegley included additional details about how his organization and NAR "worked together to clarify the marketing around MLS Choice" and assuage concerns that the offering "conferred local association membership, caused confusion for consumers and weakened the Realtor brand."
RE/MAX looking to ‘strengthen our swagger’
RE/MAX is also looking to leverage remax.com and (soon) remax.ca visitors to identify and nurture high-intent buyers via Lead Concierge, a program that Carlson said saves agents' time and "materially improves the customer experience."
DOJ debates ‘commingling’ with Zillow and NAR in REX case
Speaking to a panel of Ninth Circuit judges in Honolulu on Feb. 13, DOJ attorney Alice Wang argued in favor of vacating a 2023 jury decision involving Zillow, the defendant in the case, and the low-fee brokerage Real Estate Exchange (REX).