The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, declined by 6.8 points in November to 88.7 from 95.5 in October, as already negative consumer attitudes toward the economy appear to be souring further. The Present Situation Index—based on consumers’ assessment of…
A lack of inventory and an affordability crunch since the pandemic have affected the housing market in many ways, few of them positive for buyers. But one interesting dynamic remains pricing between new builds and existing homes—with existing homes historically much cheaper. Despite a welcome surge in inventory overall, the price of a new build…
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Before the new year comes around, now is the time to step back and evaluate your tech stack, from your CRM and marketing automation tools to your showing…
Midwest Real Estate Data (MRED), which claims almost 50,000 members in the Chicago region, has issued a forceful public rebuttal to Zillow’s recent study alleging that private listings in Chicago reinforce housing segregation, pointing to internal Zillow documents as it argues the portal giant’s criticism may be driven more by business strategy than consumer protection.…
Annual gains in home prices have continued their weakened slope for another month, a trend that began back in the spring of this year, according to the latest data. The September S&P Cotality Case-Shiller Home Price Index saw home prices post a 1.3% annual gain, the “weakest performance since mid-2023,” which “represents a stark contrast…
Keller Williams Realty, LLC (KW) has announced the company is expanding across Asia, opening a new franchise in Uzbekistan as international sales grow. “This has been a truly historic year of international growth for Keller Williams, which is a direct result of entrepreneurs who think big, act boldly and stay committed to our models that…
As we get closer to a new year, the real estate market shows new signs of incremental pick-up. According to the latest Pending Home Sales report from the National Association of Realtors® (NAR), pending home sales inched up 1.9% month-over-month in October. As Lisa Sturtevant, chief economist of Bright MLS, noted in a statement: “The…
Above, Nicole McCullar Nicole McCullar is part of an exclusive cadre of agents who work the top 1.2% of the market nationally. A graduate of the University of Saint Thomas in Minnesota with a focus on marketing and art history, she left a 25-year career in luxury retail management to join her husband, Shane McCullar,…
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NEW YORK CITY—U.S. District Judge Jeannette Vargas heard closing arguments Friday, Nov. 21, capping off a weeklong hearing between real estate giants Zillow and Compass. At the heart of the case is Compass’s Three-Phased Marketing (3-PM) Strategy, which allows homesellers to market properties privately before listing them publicly on the Multiple Listing Service (MLS) and…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Four days of testimony set battle lines in Zillow-Compass showdown With top executives, brokers and a mob of journalists packing a high-rise federal courtroom in Manhattan last week, the public got its first glimpse of…
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