A just-released report from the National Association of Realtors® (NAR) details what has become almost the norm within the residential real estate industry—that technology is being utilized by agents primarily to get time back and to give clients a better experience. According to the annual survey, 81% of agents said saving time is their primary…
Amid the evolving arms race for inventory, and policy disputes focused on listing access, Compass today launched what it is calling a website “redesign,” bringing a huge amount of “Coming Soon” listings from all its brands together in one place. Dubbed “See It First,” the mega-brokerage is pitching the new format as a way to…
From left: Amanda Morris, Ria Bacigalupa, Stephanie Duran, Catie Ish, Amelia Robinson. Alex Ignacio photo. It may not have been the intent for Veritas Real Estate Partners to be composed of only women agents, but they certainly aren’t upset with the results. Corcoran Plaza Properties, the exclusive Corcoran affiliate serving Santa Fe and the surrounding…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Chicago law firm gears up for Compass/MRED lawsuit A prolific class-action law firm, Hagens Berman, appears to be building a case against Compass and Midwest Real Estate Data (MRED) as they seek plaintiffs…
The economy remains in what could be described as a complicated state as the latest indicators took a slight downturn in August, according to the latest data from nonprofit business research firm The Conference Board. The Leading Economic Index—an early indicator of where the economy is heading in the near term—decreased slightly in August by…
There’s a reason most everyone in real estate has their eyes peeled on how the mortgage rate moves every week. Even a slight rise can short-circuit some buyers. The average rate on a 30-year fixed mortgage reached 6.71% in early September, its highest level in 13 months, according to Freddie Mac. A separate daily measure…
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Editor’s note: This is the second of a three-part series on how agents earn recommendations and referrals from AI. Read part one here. When a prospective buyer asks someone they trust who is the best real estate agent to help them transact, you want your name to be the first one mentioned. What happens when…
The early-fall housing market shows signs of muted behavior, as pending home sales increased slightly from last month, but are overall down on an annual basis, according to the National Association of Realtors® (NAR). NAR’s Pending Home Sales report for August shows that sales grew by 0.3% month-over-month, but they also decreased by 4.7% compared…
U.S. housing starts dipped in August, though single-family construction was up, while building permits and completions both declined, according to the U.S. Census Bureau and Department of Housing and Urban Development in its latest report on residential construction. Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate…
After their long-awaited meeting, the Federal Open Market Committee (FOMC) unanimously voted to raise federal funds rates by a quarter of a percentage point, moving the target range for interest rates 25 basis points, from 3.5%-3.75%, to 3.75%-4%. During a press conference following the meeting, Fed Chairman Kevin Warsh cited the data from this past…
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