It’s one of the most agonizing statistics in the real estate industry. The specific numbers may change, but year after year, the National Association of Realtors (NAR) reveals a massive disconnect between intent and outcome: 88% of homebuyers state they would happily reuse or refer their real estate agent, yet only 41% do. What did…
Bright MLS, covering a huge swath of territory across the Mid-Atlantic coast region, is currently the largest multiple listing service in the country. Being the largest often means that the decisions it makes will set the bar for smaller players—particularly in a time of rapid change and uncertainty. This week, Bright announced significant updates to…
Mortgage rates shifted slightly upward this week due to elevated inflation, and the hope for relief may be further delayed, according to the latest data from Freddie Mac. The latest Primary Mortgage Market Survey® saw the 30-year fixed rate mortgage (FRM) average 6.49%, up from 6.43% last week when it was at the lowest level…
The higher hopes for existing-home sales in June unfortunately were not met as the National Association of Realtors® (NAR) reported a decrease. However, not all hope is lost as several indicators in NAR’s data remain positive, and economists say there is still potential for a better path ahead. NAR’s Existing-Home Sales report saw sales fall…
Zillow has launched Zillow Pro℠, its premium membership for real estate agents that provides exclusive tools built to help create more personalized client experiences. Through the new membership, agents are able to invite buyers and sellers into their network to collaborate with them on Zillow, giving agents visibility into their Zillow activity and tools to…
The Federal Reserve chose to hold interest rates unchanged at the June Federal Open Market Committee (FOMC) meeting. The past few months, which have seen both higher inflation and a relatively soft labor market, have also created a sense of deadlock and a wait-and-see attitude among the Fed. While the June vote was ultimately unanimous,…
United Real Estate Group has been named the No. 2 largest residential real estate firm in the Kansas City metro by sales volume and transaction sides, according to the Kansas City Business Journal’s 2026 ranking of the area’s top brokerages. The annual list reported more than $21.9 billion in combined local transactions among leading companies…
Jim Pitts Qualifying Broker | CEO Berkshire Hathaway HomeServices New Mexico Properties, Santa Fe Real Estate, Taos Real Estate, Angel Fire Real Estate Albuquerque, New Mexico https://www.bhhsnmproperties.com Region served: The state of New Mexico Years in real estate: 37 Number of offices: 7 Number of agents: 260 Favorite part of your job: Working and interacting…
From razor-thin margins to part-time agents, there is good reason for the consolidation currently underway in residential real estate. The question is, will the players left standing be the right ones? As private-equity and Wall Street money extend their tendrils further into the real estate landscape, concerns regarding their intention, integrity and capability to properly…
Sotheby’s International Realty (SIR) has announced the acquisition of Majestic Realty Collective (MRC), one of the most productive luxury real estate organizations in North America, according to the company, which included eight Sotheby’s affiliates. The acquisition expands SIR’s footprint across premier luxury and resort markets in the American West and aims to strengthen its presence…
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