BoomTown ROI, a real estate proptech company, has been down for six consecutive days, impacting millions of brokers/agents countrywide. A real estate broker, who was granted anonymity in order to speak candidly, told RISMedia that BoomTown will not answer any proposed questions. “We personally have 100,000 leads in there. There are currently 3,100-plus companies/teams using… The post BoomTown ROI Faces...
2024
After its new report, Dispelling Myths About Real Estate Commissions and the MLS, was released April 12, Bright MLS Chief Economist Lisa Sturtevant and legal counsel Brian Schneider spoke in-depth at a virtual presentation about how the National Association of REALTORS®’ (NAR) proposed settlement and other current issues have not, would not and should not… The post Report: Myths and Facts on...
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judges deny lawsuit consolidation push Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the… The...
After a strong start to the spring selling season, homebuilder sentiment flattened in April as buyers hesitate to step into the market due to continued unrest in the mortgage market and other affordability challenges. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) registered at 51 in April, the same reading seen… The post Homebuilder Sentiment Flat in April as...
Lead generation company PropStream has announced it will attend the Invested conference (presented by Out of State Investor Academy) in Los Angeles from May 20 to 21, 2024. Invested’s two-day conference provides a fusion of customized, hands-on workshops, presentations, and networking opportunities, a release noted. Each element is meticulously crafted to assist real estate investors… The post...
Jason Mitchell, CEO of the Jason Mitchell Group (JMG), headquartered in Scottsdale, Arizona, is satisfied with most every aspect of his thriving national brokerage business except for one: spreading the word. “I want to get our message out there more because what we do is very unique,” he says. “We’re the only national brokerage that… The post Leading by Opportunity appeared first on...
Home prices have been the bane of the real estate news cycle for a while now, bringing a damper on the home-buying market. However, recent data shows that home prices really might not have kept buyers out as much as was thought. A new report from LendingTree found that from 2012 to 2022 homeownership rates… The post Homeownership Rates Have Increased, Despite Prices appeared first on...
Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges today denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the copycat cases under one judge, saying that the “procedural posture of the litigation” makes that effort inappropriate. “After settlement proceedings conclude, and it becomes evident how… The...
More national real estate franchises are beginning to take marketing measures into their own hands rather than using agencies for hire on a contract basis, RISMedia’s 2024 Agent & Broker Marketing Study found. Drilling down further, the study also found that the average size of an in-house marketing team nearly doubled between 2022 and 2023… The post Marketing Matters: Exploring the Shift Toward...
The Manchester-Nashua, New Hampshire metro area ranked as February’s hottest housing market for the sixth time in the last year, according to a new report from Realtor.com. Manchester-Nashua hit number 1 for the first time in March 2021 and has been a mainstay at the top of the list ever since. Realtor.com’s Market Hotness rankings… The post The Hottest Housing Markets of February 2024 appeared first...