The concept of the MLS creates a strange contradiction for brokers who are both competing with one another, yet sharing inventory by way of compensation and cooperation. https://www.inman.com/wp-content/uploads/2017/11/Listing-Bits-EP022.mp3 In the middle of it all is CMLS, challenged with refereeing any acrimony between brokers and MLSs, promoting best practices and supporting its membership of 203 MLS […]
Ipsos’ quarterly research series “What The Future” (WTF) found that homeownership is still firmly a part of the American dream, but economic factors such as crippling student loan debt and booming home prices are making it hard to become a homeowner. If these issues aren’t resolved, Ipsos wonders if aspiring buyers will simply give up. NAR […]
Having known about the front-end of the Homesnap app for consumers, I was intrigued to learn more about its backend interface for real estate agents. Fittingly enough, they call it: Homesnap Pro. As a first-time user, here is my initial review of the application and a few of it’s main features. Right away what separates […]
Like Guantanamo Bay, Realtors Property Resource, aka RPR, is a sticky wicket for powerhouse real estate trade group the National Association of Realtors (NAR). The scuttlebut is that NAR’s leadership is considering a plan to wind down and stop funding RPR, the bloated data venture that has cost its Realtor members nearly $180 million since […]
The other day I met yet another person, who said something that has never sat well with me: “Oh, I dabble in real estate as well.” This person’s nonchalant attitude about an industry I love rubbed against my professional pride. Why? Because it pared down my 30-something years of being a student and leader of real […]
Often when real estate agents take a listing, the agent has a price in mind, the seller has an often higher price in mind, and they are lucky to meet in the middle. After being on the market for 30-60 days at a higher price, the offers aren’t coming and the seller is getting anxious. […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Wednesday, November 1 The First American Real House Price Index (RHPI): August 2017 Real House Price Index Affordability increased in August due to a dip in rates. Real house prices decreased 0.4 percent between July and […]
It looks like 2017 is shaping up to be a great year for Reali, the startup that launched a year ago in Palo Alto, and uses beacons and “no commission” to lure buyers and sellers in the housing market (so far, a few areas in California). The company today announced a new $3 million investment […]
One of 2017’s black eyes will be the series of natural disasters that wreaked historic levels of disruption on people, housing and communities, particularly on the vulnerable U.S. coasts. First a brutal hurricane season brought unprecedented levels of flooding to Houston and hammered Florida and Puerto Rico. In quick succession a firestorm engulfed California’s wine […]
It wasn’t yet Halloween, but the atmosphere was one of revelry in unusual dress. New York City’s leading real estate professionals gathered last week on the night of Oct. 27 to celebrate a year of deal-making at the Real Estate Board of New York’s (REBNY) 29th annual Deal of the Year Charity and Awards Gala […]
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