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."
Yes, and one with vast implications. By making some building and some locations uninsurable, for instance, climate adjustment has the possible to drive property costs down, or crash them altogether, states The Economist. Home is the world’s most significant asset class, making up concerning two-thirds of international riches. Mortgages work as security in money markets...
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.
For all the talk of the pandemic ushering in an era of working from home, modern economies increasingly concentrate growth and job opportunities in “metropolitan hubs”, creating intense competition for limited urban housing, says Denisse López for El Pais.
While some may criticize platforms like Zillow or Realtor.com, not listing a home on the largest real estate portals is, in my view, a breach of fiduciary duty and could easily lead to Fair Housing violations by hiding inventory from certain buyers.
But its analyst, Robin Savage, notes that the valuation “includes substantial net cash” (£35 million at the end of 2023) and the recent first-half results “provide evidence supporting our view that LSL’s operating performance will materially improve in 2024 and 2025”.
Harworth is just one of the biggest developers of brownfield land, with 14,000 acres of land throughout around 100 sites in the north of England and the Midlands. Since the end of June, it had intending permission for 38.8 million square feet of commercial and logistics room and 26,639 stories for brand-new homes. Certainly, not...
