Brokerages face a firing line of technology heading into 2018. Many have to cobble together systems from different eras that integrate with each other to varying degrees. It’s an unsustainable situation that intensifies as the digital age deepens. Inside Real Estate built the kvCORE platform to solve this challenge, to serve all a brokerage’s needs, […]
Automation. The real estate industry buzzes with this word, but few if any products are truly automated. Adwerx’s new enterprise automated listing ad product for brokerages is as close to automation as the industry will likely get. After brokerages integrate their listing feeds into its platform, Adwerx automatically creates ads for each listing from the […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Monday, January 8 Fannie Mae Home Purchase Sentiment Index (HPSI) The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 2.0 points in December to 85.8, reversing last month’s rise. The decrease can be attributed to decreases […]
Michelle Mills Clement, currently president and CEO of the Commercial Brokers Association in Seattle and association executive for the Washington State Commercial Association of Realtors, has been named the new CEO of the Chicago Association of Realtors to succeed long-standing leader Ginger Downs. Mills Clement (pictured above), a Chicago native, will join the trade group […]
The British invasion continues apace. On Monday, the U.K. “flat fee” brokerage Purplebricks announced its expansion to three new markets: San Diego, Sacramento and Fresno. The move comes four months after the tech-focused Purplebricks debuted stateside in Los Angeles and Orange County. Purplebricks will add 18 real estate experts in these markets, for a total of […]
Low inventory and quickly rising home prices have been the name of the game for a while now, causing homebuyers to consider moving to new neighborhoods, cities and even states that offer greener (and more affordable) pastures. Redfin recently released its list of 25 neighborhoods that “have it all,” which revealed where buyers are getting the most […]
In December, Fannie Mae’s Home Purchase Sentiment Index (HPSI) decreased 2.0 percentage points month-over-month to 85.5 — a reversal from November’s 2.6 percentage point gain which neared September’s all-time high index score of 88.3. Despite the month-over-month decrease, the HPSI is still 5.1 percentage points above December 2016. According to Fannie Mae, the decrease is […]
An Illinois broker with a litany of prior regulatory infractions was stripped of his real estate license for a minimum of two years and fined $14,000 following a report that he listed a property without the consent of the owner and forged portions of a listing contract, officials confirmed. The Illinois Department of Financial and […]
Editor’s note: This story will be updated with additional hires. January 2018 is already witnessing an array of real estate industry hires and promotions. Who’s making moves? Which businesses are bringing in new blood or creating fresh positions? Here’s a rundown of some recent HR news across the board. Realogy CEO Ryan Schneider announces slew of […]
Although the inventory shortage has continued to rage on, the Employment Situation Summary for December 2017 from the U.S Bureau of Labor Statistics (BLS) shows there could be some relief on the way. The report shows that total nonfarm payroll employment rose by 148,000 jobs last month and that the market experienced continued robust growth in […]
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