There is no quantitative, universally recognized definition of a “buyer’s market” or a “seller’s market.” But that shouldn’t stop real estate professionals from recognizing or calling out when the balance of power has shifted—as it seemingly has in recent months. According to RISMedia’s most recent Broker Confidence Index (BCI) survey, most brokers feel their markets…
When Zillow announced its new rules restricting certain private listings, one MLS was quickly thrown into the spotlight—Midwest Real Estate Data, or MRED, in the Chicago region. That’s because for almost a decade, MRED has hosted an internal private listing service—properties shared within the MLS, but not necessarily to anyone else. While Zillow didn’t immediately…
In a relatively short time, the power dynamics in residential real estate have shifted dramatically. The National Association of Realtors® (NAR) sits alongside portal giant Zillow on one side, and on the other is New York-based venture capital-backed Compass, a new behemoth that has consolidated a huge brokerage empire and appears ready to use its…
They’re the opposite ends of the home-buying spectrum. One phrase lights up a potential owner’s face, while the other forces a frown. The former is a no-brainer for you, the agent, while the latter can test your ability to keep a client in check. It’s plug-and-play versus quasi-fixer-upper. It is easy to accentuate the positives,…
As people continuously rely on digital platforms in the age of social media, new careers have found their way into the market. These new careers have ramifications in real estate, as it opens up new avenues for home shopping—and new ways for agents to build their business. Digital platforms designed to share and spread content…
For decades, the real estate transaction—with full-service agents and relatively stable commission rates—has been one of the most consistent fixtures of the American housing market. Sellers built it into their expectations, buyers believed in it, and agents themselves defended both the fees and the model as pro-consumer. But now, the traditional real estate agent structure—and…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. CRMLS-affiliated vendor REcore and CoStar lawsuit quickly resolved CRMLS, the second-largest MLS in the country sued CoStar on Oct. 21 over a dispute related to an alleged breach of contract with its licensing…
Uncertainty is in the air as the government shutdown persists, with many on edge waiting for the Federal Reserve’s next meeting and a potential interest rate cut. Despite the delay of most government data releases that help the Fed determine rate cut decisions, the latest Consumer Price Index—an inflation gauge from the Bureau of Labor…
A protracted legal battle over whether real estate professionals can create and share floor plans when marketing homes finally ended Monday after the Supreme Court declined to revisit an appellate court’s decision allowing the practice. The high court’s refusal to hear the case reconfirms the January ruling from the Eighth U.S. District Court of Appeals…
Prior to the summer of 2024, home sellers were typically responsible for paying the commission for both their own agent and the buyer’s agent, and both sides of the transaction usually involved a traditional full-service agent. Agent commissions also remained (somewhat) consistent, generally hovering around 5% – 6% of a home’s sales price. Following the…
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