If you ask an MLS exec what an MLS is, he or she will likely answer that it’s an organization dedicated to providing real estate broker participants with a platform to share listing data and facilitate the offer of cooperation and compensation. That’s not wrong. It’s a definition that the NAR and the Council of […]
Zillow evangelist Jay Thompson will retire and step down from his role as director of industry outreach for the online real estate company this summer, he announced in a blog post Thursday. “I’m 57 years old. I want to retire while I am still young and spry enough to enjoy life,” Thompson wrote. “The simple […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, February 8 Zillow Mortgage Rate Ticker The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.15 percent, up ten basis points from this time last week. The 30-year fixed mortgage rate rose to 4.19 […]
CoreLogic today released its Home Price Index (HPI) and HPI Forecast data for December 2017, which boasted 6.6 percent year-over-year growth. December is the fifth consecutive month with year-over-year increases measuring more than 6 percent. Gains were modest month-over-month at 0.5 percent. CoreLogic CoreLogic chief economist Dr. Frank Nothaft says rising income matched with consumer […]
The stock market has been on a roller-coaster ride since late last week, with a historic one-day plunge in trading, and a ripple effect that struck the rest of the globe Tuesday. But most economists will tell you the historic highs over the past two years were bound to result in a correction of sorts […]
Houzz, the successful tech platform for architecture and all things home design, announced Tuesday the acquisition of interior design business management startup IvyMark in a move that has catapulted it further into the business side of home design. IvyMark’s software provides a variety of tools, including project management, furniture delivery scheduling, product clipping from vendors, and […]
Should homebuyers and sellers working on transactions now worry after the Dow dropped 1,175 points yesterday, marking the worst single stock market day since 2011? No, not unless the six-and-a-half years since the 2011 plunge have worried you. They have turned out just fine. The primary cause of this tumble? Markets that go straight up […]
For the the heavily regulated real estate industry to see significant adoption of blockchain–the underlying system that powers popular cryptocurrencies such as Bitcoin and Ethereum–there needs to be reassurance that these new technologies are legal, secure, and above-board. That’s why Fifth Wall Ventures, an L.A.-based venture capital firm focused on real estate technology and which […]
If you’re not putting time and energy toward giving your clients an amazing experience they won’t soon forget, you’re not putting yourself in a position to grow your business down the road. Having said that, however, not all clients are worth going the extra mile for. In fact, some clients aren’t worth working with at […]
In survey after survey, frustrated first-time buyers rank getting qualified for a mortgage among the top barriers that keep them from owning a home. After years of limited options, buyers with less than good credit but the commitment to improve will finally get a break. Despite conventional wisdom to the contrary, lending standards for mortgages […]
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