During these times of residential real estate practice changes and new legal logistics, Canopy REALTOR® Association/Canopy MLS has an ace in the hole with CEO Anne Marie DeCatsye. While advocating for the value of a REALTOR® and executing an effective consumer education campaign, she also has a law degree, which helps immeasurably as she guides… The post Canopy CEO Blasts Burnett ‘Distortion of...
August 2024
As the industry adjusts to the new normal with the mandated changes to NAR policy for buyer agency having rolled out Aug. 17, there have been no shortage of opinions on the new rules for buy-side contracts and cooperative compensation. Real estate icon and RE/MAX Co-Founder and Chairman of the Board, Dave Liniger, who has… The post One-on-One With Dave Liniger: Insights From a Real Estate Icon on the...
In yet another of the seemingly endless legal actions filed within the real estate industry over the past few years, this time it was Homie Technologies on Aug. 22 filing an antitrust lawsuit in U.S. District Court for the Central District of Utah, claiming the National Association of REALTORSⓡ (NAR) and other companies “conspired” to… The post Homie Sues NAR and Major Real Estate Companies,...
The real estate industry is overflowing with turnkey software that’s exactly the same across every installation. While this is often fine at the agent and, to an extent, broker levels, a “one size fits all” strategy isn’t robust enough for the needs of MLSs, particularly when it comes to property data. Flood maps, for example,… The post The Importance of Diverse Data Sets appeared first on...
The National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in Q2 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home. The median price of a new home in Q2 was $412,300 vs. the… The post Median Price Existing Homes Less Affordable Than New Homes in Q2 appeared first on...
Above, Whitney LaCosta and Jemila Winsey More than 400 of the industry’s most powerful residential real estate decision-makers will converge on Washington, D.C., September 4 – 6 for RISMedia’s 36th Annual CEO & Leadership Exchange, where we’ll candidly discuss the most critical trends and issues currently affecting real estate professionals and reshaping the future of… The post Women in Real...
Would you like excellent moving tips for the summer? Moving after selling your home in the summer can present unique challenges and opportunities. The warm weather, peak moving season and specific logistical considerations all play a role. My guide will teach you to manage these factors effectively to ensure a seamless transition. I will provide… The post Tips for a Smooth Move After a Summertime Home...
Three weeks ago, in my blog titled “Going for Gold,” I delved into the Olympics, capturing the essence of competition and camaraderie. Building on that theme, this week I want to explore the upcoming Paralympic Games. As we look forward to these games, they provide another dimension to our understanding of sportsmanship and resilience. As… The post Thoughts on Leadership: Insights From the Evolution...
Sales of existing housing inventory in the U.S. reversed course in July, posting an increase after four months of decline. This data comes courtesy of the National Association of REALTORS®’ (NAR) monthly update on existing-home sales. The report showed that total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—increased 1.3% from...
The 30-year fixed-rate mortgage (FRM) remains at the low level seen recently, from last week’s average of 6.49% to a current average of 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.46%, down from last week when it averaged 6.49%. A… The post Mortgage Rates Remain Low, Sees Little Change...