RIS Media Real Estate News

Jason Mitchell Group has announced that the Williams Mitchell Group, led by real estate veterans Bryan Mitchell and Shad Williams, have joined the brokerage. With a combined 35 years of experience in the real estate industry, the Williams Mitchell Group stated they will strengthen their operations in Las Vegas and expand into new markets through…

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Curbio, the Maryland-based pre-listing renovation company that offers pay-later services for home sellers upgrading or repairing their homes, is settling a lawsuit filed by the Attorney General of the District of Columbia that accused the company of violating consumer protection laws through “systematically” deceiving homeowners with its practices and marketing. According to a release from…

The post Curbio Pays $7.5M, Agrees to Practice Changes in D.C. Lawsuit Settlement appeared first on RISMedia.

Both real estate practitioners and lawmakers have been stressing inventory as one of the housing market’s major challenges. What changes has 2024 brought? Has supply caught up to demand? The latest Home Building Geography Index from the National Association of Home Builders (NAHB) tracks building rates across the U.S. during Q2 2024. Said rates show…

The post New-Home Construction Highly Concentrated in Small Metros, ‘Core’ Counties appeared first on RISMedia.

WASHINGTON, D.C.—Katie Johnson has undoubtedly had one of the toughest jobs in real estate over the past year. As chief legal counsel and chief member experience officer for the National Association of REALTORS® (NAR), Johnson has sat in countless court hearings defending the trade group and its 1.5 million members against allegations of collusion and…

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Your brokerage’s success depends on the people who bring in business—your agents. With the right strategies in place, you can find and keep the right talent, which helps you close more deals and strengthen your entire brokerage’s brand in the long run.  But keeping the right agents is harder than it sounds. According to recent…

The post Three Tips for Recruiting—and Keeping—the Right Agents in Your Brokerage appeared first on RISMedia.

Football, much like real estate and leadership, is a game of strategy, foresight, and adaptability. As leaders, we must anticipate challenges, navigate complex situations and make decisions that benefit the entire team. Interestingly, I learned that this NFL season has introduced several crucial rule changes aimed at protecting players while keeping the game fair, competitive…

The post Thoughts on Leadership: Lessons From the NFL appeared first on RISMedia.

Real estate agents today face a marketplace with unprecedented conditions: higher interest rates, rising home prices and historically low inventory. The impact of the commission lawsuits exacerbates all this. More than at any time in history, sellers and buyers alike are scrutinizing the value that a REALTOR® brings to the transaction. These challenges mean your…

The post How Can You Help Your Agents Demonstrate Value to Buyers and Sellers? appeared first on RISMedia.

Above, Jillian Young United Real Estate has announced that Jillian Young, president of its Naples, Florida affiliate, Premiere Plus Realty, has been named to Gulfshore Business Magazine’s 2024 Class of 40 Under 40. The honor is awarded to standout professionals in Southwest Florida who exhibit remarkable leadership, significant career achievements and a strong dedication to…

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Many Americans are renters—and while it’s still considered a more affordable option than buying a home, renting comes with its own cost burdens. These burdens are not limited to the lowest-income renters either. Harvard University’s Joint Center for Housing Studies recently published a paper tackling this very issue, titled “Subsidizing the Middle: Policies, Tradeoffs, and…

The post Harvard Study Investigates Renters’ Cost Burdens and Prescribes Solutions appeared first on RISMedia.

Good news for those hoping for more decreases in mortgage rates this week, however the same challenges persist regarding affordability and inventory, preventing a meaningful break in the hindered housing market. The 30-year fixed rate mortgage averaged 6.20% this week, down from 6.35% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) released…

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It’s never too early to plan for the future, especially when working in the fast-paced real estate industry. As we approach the end of the third quarter, now’s the time to map out the specific areas you want to focus on so that you’re set up for continued success. To get some perspective, we asked…

The post Preparing for the Future: The Fundamentals appeared first on RISMedia.

Everyone has strengths and weaknesses. The job of a real estate agent encompasses a great many skills, and you are unlikely to perfect every one of them. But, like with all professions, some skills are more important than others. And when you must showcase them over and over again in order to succeed with current…

The post 4 Skills You Must Excel at to Succeed as an Agent Going Forward appeared first on RISMedia.

Declining mortgage rates and more inventory are making the market slightly less challenging for homebuyers in the Mid-Atlantic, according to a recent report from Bright MLS. Bright MLS’s Housing Report for August found that an increase in inventory is providing more options for home buyers. Data shows a total of 37,340 active listings on the…

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As Tom Petty sang, “The waiting is the hardest part.” Was he referring to homebuyer hopefuls? Not sure, but either way, it’s almost go-time for those who’ve waited patiently for mortgage rates to finally begin a downward trajectory after years of staying in the high sixes, sevens and even briefly the eights. Inflation has cooled,…

The post Buyer Agent Playbook: 3 Reasons Clients Must Buy Now Instead of Waiting appeared first on RISMedia.

Jason Carrier recently took over as president of CENTURY 21 New Millennium, an Alexandria, Virginia-based firm that provides service to customers in Virginia, Maryland, Washington, D.C., West Virginia and Pennsylvania. Carrier began in the real estate industry 22 years ago following in the footsteps of both his parents. He felt it was in his blood…

The post Staying Ahead as a New Leader appeared first on RISMedia.

On Aug. 17, 2024, a landmark settlement with the National Association of REALTORS® (NAR) changed how commissions are handled. This gives buyers more control in negotiating their fees and the potential of paying their agent’s compensation directly. As commissions shift and the market adapts, the need to demonstrate your value has never been greater. Creating…

The post Demonstrate Your Value to Buyers, Amidst Industry Change appeared first on RISMedia.

Artificial Intelligence (AI) is no longer a concept of the future; it’s a tool that’s transforming industries right now, and real estate is no exception. Many agents may feel apprehensive about AI, fearing that it will replace the human touch that is so critical to success in our field. But here’s the good news, AI…

The post Think AI Will Replace You? Think Again—Here’s How It Will Help appeared first on RISMedia.

Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s latest mortgage application data from the Mortgage Bankers Association’s…

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NextHome has become the latest brokerage to strike a settlement agreement with seller plaintiffs in ongoing commission lawsuits, joining more than a dozen other defendants who have negotiated deals in the largest Burnett copycat case (known as Gibson) led by star trial attorney Michael Ketchmark. A judge paused all upcoming deadlines after NextHome and plaintiffs’…

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In a seemingly positive sign for consumers, inflation has now posted the lowest recent annual increase two months in a row.  Previously, in July 2024, the Consumer Price Index (CPI)—key inflation gauge assembled by the U.S. Bureau of Labor Statistics—rose only 2.9% year-over-year. In the latest CPI for August, the index rose by 2.5%, continuing…

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