RIS Media Real Estate News

Scott Durkin, president and CEO of Douglas Elliman Real Estate and longtime New York real estate luminary, has been terminated from his position, according to an SEC filing and multiple media reports.  The news comes after the New York-based mega brokerage’s CEO and chairman Howard Lorber stepped down from the board last week, and reports…

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How are consumers feeling overall, and how does that translate to a real estate sale? The question is multifaceted, but asking it could be key to learning where buyers stand as the election fast approaches. The consumer sentiment index indicated yet another rise, for the third consecutive month, per the University of Michigan’s survey of…

The post Consumer Sentiment Rises Slightly for the Third Consecutive Month appeared first on RISMedia.

CRS Data—a provider of property tax data in the U.S. and Canada—has announced the launch of its data compliance solution: ListingIntegrity. ListingIntegrity ensures superior data quality in today’s real estate landscape, creating a source of partnership and dependability for MLSs, brokerages and agents.  “Our goal is to create steadfast and trusted ways to serve the…

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In the latest RISMedia webinar–How to Close Out 2024 Strong and Succeed in Challenging Times–RISMedia Founder and CEO John Featherston and Jim Fite, president and CEO of CENTURY 21 Judge Fite Company, discussed the challenges and strategies in the real estate industry, particularly focusing on the tumultuous year of 2024. Fite, a seasoned professional and…

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Several large brokerages are angling to garner more immunity from commission lawsuits as the final hearing for their settlement agreements looms, with eight companies filing their arguments in court yesterday asking the judge to approve their respective agreements—and also explicitly indemnify them in cases that are not identical to the main class-action suits. Compass, Douglas…

The post Defendants, Objectors Gear Up for Final Settlement Approval Next Week appeared first on RISMedia.

Above, Abby Olemos-da Silva Leading Real Estate Companies of the World® (LeadingRE) has announced that Abigail Olemos-da Silva has joined the organization as Director of Global Business Development for the Asia-Pacific (APAC) region.  Olemos-da Silva joins the firm with a wealth of experience, including over 20 years in real estate transactions, portfolio management, change management…

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The residential real estate market has an inventory shortage, while commercial real estate is experiencing high vacancy rates due to shifts away from in-office mandates. The two birds with one stone solution has been to convert unused office buildings into multi-unit residential buildings. Cities such as Boston have even passed tax breaks to incentivize developers…

The post Co-Living Could Be the Answer to Office Conversions appeared first on RISMedia.

Today’s Baby Boomers—some 76 million of them—are in better health and, by and large, have more resources than their parents did at their age. In just four years, though, the inhabitants of this demographic bubble will start turning 80, and their real estate needs will change with them. When a person hits 80, the idea…

The post 4 Ways to Tap an Often-Overlooked Senior Housing Market appeared first on RISMedia.

Since inception, the MLS was defined as participating in cooperation and the offer of compensation between brokers. The second half of compensation has been carved away for now. What we have left is cooperation. In my business, I see how cooperation helps consumers daily. There’s an opportunity for MLSs to help seller financing for repairs…

The post Is Clear Cooperation Really Helping the Broker and the Seller Today? appeared first on RISMedia.

Sales of newly built homes continued their rollercoaster ride this month, rising 4.1% above the revised August rate of 709,000, which was down from the month before that and a continuation of vacillating levels since the beginning of the year.  The latest numbers released jointly Thursday by the U.S. Census Bureau and the Department of…

The post New Home Sales Back Up This Month appeared first on RISMedia.

CoStar Group, the real estate conglomerate that has been making a concerted push into the residential space, posted overall revenue growth of 11%, to $693 million for the third quarter, as well as continued growth in its consumer awareness and web traffic, with traffic up to 130 million unique visitors to the Homes.com network. Acknowledging…

The post CoStar Sees Revenue, Traffic Growth, Reaffirms Investments appeared first on RISMedia.

Mortgage rates are still ticking up, thanks to strong economic data including good jobs reports and stubborn core inflation, economists say, noting that rates are still expected to come down in the months ahead as data falls more in line with expectations. This week, the 30-year fixed-rate mortgage averaged 6.54%, up from 6.44% last week,…

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Plaintiffs in the Gibson case have filed in opposition to eXp’s motion for a stay following its proposed settlement, looking to halt the settlement’s approval process so it can be evaluated. Earlier this month, the brokerage filed that it had struck a settlement in seller-filed commission lawsuits for $34 million, and agreed to “adopt certain…

The post Plaintiffs Move to Block Proposed eXp Settlement in Smaller Case appeared first on RISMedia.

Above, from left: Gretchen Pearson, Jennifer Lind, Ken Baris, Joe Skousen and Whitney LaCosta. Photo by AJ Canaria. While real estate professionals have spent the last six months trying to hit a moving target, leaders today are laser-focused on moving forward. And as commission lawsuits continue to play out in court, now’s the time to…

The post Mastering the Art of Buyer Agency appeared first on RISMedia.

During this busy travel week, I received some exciting news from Renee Gonzales, CEO of Long Companies. She shared with me that one of our top agents at Long Realty, Tyler Lopez, just published his first book, The Best Way To Do Everything Wrong: Turn A Mistake Into A Masterpiece. Naturally, I couldn’t wait to…

The post Thoughts on Leadership: Turning Mistakes Into Masterpieces appeared first on RISMedia.

BoldTrail, recently launched by Inside Real Estate, aims to deliver a holistic approach to the way agents do their business. Designed to streamline the real estate process, beyond just the transaction itself, the platform guides users and provides a customized experience for every individual agent—creating a flow that boosts productivity and consumer experiences to help…

The post Paving a Bold Trail to Real Estate Success appeared first on RISMedia.

William Pitt – Julia B. Fee Sotheby’s International Realty has announced that the company has partnered with Final Offer to launch the real estate buying and selling platform in Connecticut, New York and Berkshire County, Massachusetts. Final Offer, which provides an online offer and negotiation platform for residential real estate including real-time offer alerts for…

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Mortgage applications continued their fall for the fourth straight week, due to fluctuating mortgage rates and apprehensive homebuyers, according to the latest data from the Mortgage Bankers Association.  Applications decreased 6.7% from one week earlier, according to the MBA’s Weekly Applications Survey for the week ending October 18, 2024. Joel Kan, MBA’s vice president and…

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In September, total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—receded 1% from August to a seasonally adjusted annual rate of 3.84 million. Year-over-year, sales waned 3.5% (down from 3.98 million in September 2023). Existing-home sales dropped to a 14-year low, likely as prospective buyers held out for lower mortgage rates, with…

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Above, Danielle Bowers Century 21 Real Estate LLC. has announced the company is growing its network south of Richmond, Virginia, with its latest affiliation of the Black, female, veteran-led Lifestyle Realty Group, LLC, based in Petersburg. The company is now doing business as CENTURY 21 Lifestyle. According to a release, the boutique firm was founded…

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