The multiple listing service has always been a simple concept. But like a lot of straightforward ideas, everything gets a lot more complicated once you need to address competing interests, stakeholder priorities and operational requirements. Even so, MLSs remained a relatively unquestioned foundation of real estate for decades—until now. For the first time in the…
Housing construction took a definite hit in May as inflation reached new peaks and affordability remains challenged, as seen in recent data from the U.S. Department of Housing and Urban Development and the Census Bureau. The latest New Residential Construction report saw housing starts clock in at a rate of 1,177,000 in May, down a…
Housing and Urban Development (HUD) Secretary Scott Turner recently stressed that the Trump Administration has been intentional about tearing down the regulatory environment that many have blamed as a cause for housing affordability across America. Appearing on CNBC, the conversation focused on regulatory burdens that officials say add roughly $100,000 to the cost of a…
Windermere Real Estate Expands Lucy Wood’s Role Windermere Real Estate, one of the nation’s largest privately held real estate companies, has elevated Lucy Wood, a third-generation member of its founding family, to regional director for Western Washington and Oregon. The appointment positions Wood at the helm of the nearly $40 billion organization’s largest operating region,…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. FTC lawsuit cost Zillow shareholders millions, new suit alleges A Zillow shareholder filed a securities class action in the Western District of Washington on June 9, alleging the company and its top executives…
Builder sentiment remains subdued as rising material costs, elevated mortgage rates and ongoing affordability challenges continue to strain the housing market. Builder confidence in the market for newly built single-family homes fell two points to 35 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released June 15.…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – Mortgage rates ticked up slightly during the second week of June, from 6.48% to 6.52% per findings from Freddie Mac, but mortgage applications also creeped up due to so-called “pockets of opportunity” (e.g.,…
Consumers are feeling some minor relief as summer approaches, however the weight of economic challenges is still exuding some downward pressure, according to the latest data from the University of Michigan. In the preliminary results for June, the Index of Consumer Sentiment saw a positive shift for the first time in three months, jumping up…
In real estate, adaptability matters more than ever, but adaptability without stability quickly becomes reactive. Over the past two years, MLS updates have begun to change how transactions unfold from start to finish. Alongside that, there’s been more focus on how listings are shared and how information is presented to consumers. Real estate professionals rely…
Washington’s law restricting private home listings took effect June 11—and both sides of the state’s high-profile fight over listing policy have very different takes on the new rules. Senate Bill 6091, signed in March, requires that any residential property publicly marketed in Washington be concurrently marketed to the general public and all real estate brokers. …
| Newer Posts | Older Posts |