Economists have been predicting a “spring revival” since the beginning of the year thanks to hearty buyers who refuse to let low inventory keep them from finding the perfect home. According to a recent realtor.com study, homes are flying off the market at a dizzying pace, selling eight days quicker this spring. And NAR’s existing-home […]
A little over a week ago, Michigan real estate agent Lisa Kay VanderMeer eloped with her now-husband, Steve. In getting back to business, she’s grappling with a common question for many agents who change their last names after marriage or divorce: How should she market the new moniker? VanderMeer, formerly Lisa Kay Yonkus, didn’t want […]
Looks like Zillow will have to cover its own legal expenses — including an $8.3 million verdict if it sticks — for infringing real estate photography company VHT’s copyrights. On Thursday, a federal court ruled that Zillow’s insurance carrier — National Union Fire Insurance Company of Pittsburgh, Pa. — did not have to defend or indemnify Zillow in […]
Juwai has teamed up with another U.S.-based brokerage, Berkshire Hathaway HomeServices (BHHS), to syndicate all of BHHS franchises’ residential listings. This is the third partnership the Chinese portal has cemented over the past year, further establishing its place as the top resource for Chinese buyers across the globe. In 2016, Juwai.com handled $14.6 billion worth […]
If you asked 53 real estate economists and analysts what they see in the future of the housing economy, what do you think they’d say? Thankfully, you don’t have to guess; Urban Land Institute released its semi-annual Real Estate Consensus Forecast today. Rental rates, home starts and prices “The apartment sector has performed very well […]
John Davis John Davis is now the sole CEO of Keller Williams, while former Co-CEO Chris Heller is moving out of the executive suite, the franchise announced today. Heller will remain in connection with KW as an operating partner, a regional owner and an advocate for Keller Williams agents. Just two months ago, Keller Williams […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, April 19 Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey Mortgage applications decreased 1.8 percent from one week earlier. The refinance share of mortgage activity increased to 42.4 percent of total applications from 41.6 percent […]
Robots can be programed to adhere to the NAR code of ethics always. Robots don’t need sleep or take days off. Buyers would not have to wait for an available human so that they could make an offer. Robots could be programed to truly represent buyers and sellers and even be dual agents without conflict. […]
F.C. Tucker broker Angela Raab chats with 12-year veteran Tacoma, Washington, agent Marguerite Giguere about her unique business model. “I learn all my lessons the hard way, and I’ve really learned to trust when I like and don’t like doing things in real estate,” Giguere said. She’s never had a hard time getting leads, but she’s […]
In this video, Peter Lorimer of PLG Estates explains what a 1031 exchange is in real estate; 1031 refers to tax code. It means you can sell a property and not have to pay as much in taxes. Backing up, there are some tax benefits to real estate. For example, if you are a married couple in […]
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