According to the National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index (HMI), which gauges builder perceptions of current and future single-family home sales, homebuilder sentiment levels increased in October, as future sales expectations surpassed the 50 point breakeven mark for the first time in almost 10 months. “The HMI gain in October is a…
Above, Art Carter The following is an open letter from Art Carter, CEO of California Regional MLS (CRMLS) to Compass CEO Robert Reffkin regarding Reffkin’s recent statement on social media claiming CRMLS’s end user license agreement forces agents to surrender ownership of content, which RISMedia covered Oct. 14. Okay, Mr. Reffkin, you got some people’s…
In a time of significant market consolidations—Compass acquiring Anywhere, Keller Williams bringing on a private equity firm, Rocket Companies acquiring Redfin and more—Howard Hanna Real Estate Services is expanding its business with its entrance into the New York City market with the acquisition of Manhattan-based Elegran Real Estate, which claims around 150 agents. The company…
The Federal Reserve’s next Federal Open Market Committee (FOMC), where they decide the direction of monetary policy, will be held Oct. 28 – 29. In the meantime, members of the Federal Reserve are keeping busy with public appearances. At the Invest in America forum hosted by CNBC, Fed Governor Stephen Miran sat down for a…
Above, LeadingRE Board Chairperson Michael Saunders, left, presents the Global Leadership Award to Benedetta Viganò from Giorgio Viganò Real Estate. The Leading Real Estate Companies of the World® (LeadingRE) 2025 Global Symposium–themed “Bridges to the Future: Global Insight, Local Impact”–brought together real estate professionals from 31 countries for three days of global learning, collaboration and…
Maverix Advisory Group has announced its partnership with Utility Connect, a provider of home service connection solutions for the real estate industry. The company says this partnership comes as Utility Connect continues to expand across markets, providing concierge-style utility and home service setup for consumers moving into new homes. Maverix Advisory Group will advise on…
I’ve been fortunate to be around incredibly successful people, such as NFL players and coaches, professional hockey players and founders of businesses in law, finance, franchising—and, of course, real estate, including Jim Weichert. What I’ve learned is that these high achievers are ordinary people who do extraordinary things. What sets them apart is their special…
Despite the uncertainty surrounding the length of the government shutdown and its ongoing effects, Federal Reserve Chair Jerome Powell yesterday highlighted concerns over employment data as all eyes are on the Federal Open Market Committee (FOMC) and a potential interest rate cut ahead of their next meeting Oct. 28-29. In a speech at the National…
The government shutdown reaches its 15th day, leaving the housing market scarce as new pending sales pull back and buyer traffic slows down. With an unclear future for when the shutdown will end, mortgage applications decrease for the third consecutive week. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage…
In a hearing today for the copyright lawsuit filed by CoStar against Zillow, Judge Edgardo Ramos of the Southern District of New York ordered both parties to submit more detailed arguments regarding the proper venue for the lawsuit, with CoStar previewing how it will allege Zillow is responsible for what the company claimed “may be…
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