The latest University of Michigan Consumer Sentiment Index, released Oct. 9, fell to 46.3 in October, down 1.8 points from September’s reading of 48.1. It was a five-month low, as various negative factors weigh on the minds of Americans. “Consumer sentiment was little changed this month, inching down a scant 1.8 index points from September,”…
SmartMLS and Property Shield—a real estate fraud detection and prevention company—announced a new partnership that will bring listing fraud detection and removal tools to more than 20,000 real estate professionals across Connecticut. The new service is expected to launch in mid-October. According to a release, the Connecticut-based MLS will integrate Property Shield’s Listing Fraud Protection…
Above, Sue Yannaccone. Photo by AJ Canaria WASHINGTON, D.C.—Compass International Holdings (CIH) COO Sue Yannaccone has been through a pretty big transition. Serving as president and CEO of Anywhere Brands for six years, she is now leading operations for the largest real estate brokerage in the world, as it seeks to reshape the industry on…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: Mortgage rates continue to reach new highs each week, quickly climbing in the 7% range and hitting a “nearly three year high,” as noted by Mortgage Bankers Association (MBA) President and CEO Bob…
At Salt Lake City’s eXpcon on Oct. 8, eXp Realty and Newrez announced a new mortgage joint venture, Revenos Mortgage. According to a release, the project is powered by Newrez and designed to serve eXp Realty agents and their clients. The joint venture brings together eXp’s national brokerage scale and agent network with Newrez’s mortgage…
Above, Alex Vidal, right, and John Featherston at RISMedia’s CEO Exchange. Photo by AJ Canaria. Five months after the April announcement of the Real Brokerage acquiring the iconic REMAX brand, Alex Vidal, former president of ERA Real Estate, was announced as the new president of REMAX in September. Bringing nearly three decades of experience in…
Above, Glenn Sanford, left, and Leo Pareja eXp Founder Glenn Sanford, chairman and chief executive officer of AGNT, Inc.—the parent company of eXp Realty and NextHome Inc.—announced Thursday that eXp CEO Leo Pareja will take the reins of the parent company, according to a news release. The leadership transition “marks the next phase of its…
Almost 14 million homes are expected to be released by aging Americans into the market over the course of the next decade. This mass wave of relinquishment, sometimes termed the “Silver Tsunami,” may bring hope for a woefully under-supplied housing market and thereby also relieve some of the affordability pressures that have weighed on the…
Above, Sara Bronin Global tensions and economic pressures pushed builder sentiment lower this past September, but a new platform may offer respite for developers, researchers and property owners. Land Use Labs—a zoning data and services company—launched early last week with six data products aimed at providing accurate zoning information. Founder Sara Bronin, a George Washington…
It’s the invisible backbone that powers consumer access to real estate listing data. But, oftentimes, the Multiple Listing Service (MLS) and its interests get overlooked amid bitter legal battles over broker cooperation rules and intense debates over AI and listing data control. But Jessica Edgerton, the new CEO of the Council of Multiple Listing Services…
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