Home selling profits continued to decline due to a decrease in the median nationwide home price, according to the latest data from ATTOM. ATTOM’s Home Sales Report for Q1 2024 saw profit margins on median-priced single-family home and condo sales decrease to 55.3%—the smallest level in more than two years. This reading was down from… The post Home Sale Profits Decline as Home Prices Fall appeared...
3 May 2024
Despite all the many accomplishments Reliance has achieved over its first 20-plus years, there is one person in particular who remains fairly indifferent. That would be CEO Sean McRae. It’s not that he isn’t proud of what he’s helped build, because he is. It’s more that he prefers to focus purely on looking forward, not… The post Revolutionizing the Industry with AI Solutions appeared first on...
Lead generation platform PropStream offered partial sponsorship to Code Orange Team #3476, a pre-college robotic team which competed and placed 25th (out of 75th) in the First® Robotics Competition (FRC) from April 17-20, 2024 in Houston, Texas. The event, and Code Orange Team 3476 itself, aim to promote interest and knowledge in science, technology, engineering,… The post PropStream-Sponsored Robotics...
In a letter to members, National Association of REALTORS® (NAR) Chief Legal Officer Katie Johnson announced practice changes required under the NAR Settlement Agreement in the seller commission cases will take effect in August not July as originally stated, giving all parties involved a three-month window to adapt. She also outlined how the practice changes… The post BREAKING: NAR Settlement-Required...
RE/MAX, a global power brokerage that has been voted to have the U.S. and Canada’s most trusted agents, posted another quarter of decline in revenue and agent count. This comes after four consecutive quarters of decline in 2023, and a commission settlement of $55 million in the third quarter of 2023, aimed to resolve sweeping… The post RE/MAX Posts Declines in Q1: Down YoY in Revenue, Agent Count...
The endlessly adaptive and creative real estate industry is already preparing to turn today’s settlements into tomorrow’s success stories. Industry leaders are poised to leverage recent legal developments as opportunities for growth, paving the way for innovative business models and enhanced client experiences. This webinar led by John Featherston and Matthew Ferrera, will feature a… The post From...
Above, from left, Alí Araúz, Kevin Sing and Kevin Singham With all the hullabaloo these days concerning residential real estate sales in America, including buyer-agent commission worries, continual legal proceedings and more, what’s going on in other countries? Has their way of doing business come under similar scrutiny? Has there been any kind of outcry… The post Global Real Estate Agents: What’s...
Have you ever pondered the intricate forces that mold your identity and influence your capacity for leadership? The acronym PENAM serves as a roadmap to understanding these pivotal influences in our lives. Each letter represents a significant force that shapes our beliefs, behaviors, and ultimately, our leadership potential. P: Parents Our foundational influence comes from… The post Thoughts on...
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -As economic signs remain stagnant or begin to worsen, the Fed decided once again to keep interest rates steady at the latest FOMC meeting. Many in the industry held an expectation for the central bank… The post Mortgage Mix: No Changes From the Fed as...
Opendoor, the largest and oldest iBuyer, is still struggling to adjust its business model to a more restrictive, sluggish market but is carefully watching the recent National Association of REALTORS’® (NAR) settlement as the company ramps up home purchases and looks for profitability “across seasons and market environments.” On an earnings call yesterday, Opendoor CEO… The post Opendoor Predicts...