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Integrity in Real Estate
Updated: 2 hours 33 min ago

NAR Settlement Receives Preliminary Approval, Faces Further Scrutiny

Tue, 04/23/2024 - 10:20

A federal judge today promptly issued preliminary approval to the landmark settlement agreement struck last month between the National Association of REALTORS® (NAR) and a class of recent homesellers, a major, if expected step toward finalizing a deal that will see NAR pay $418 million and make major changes to policies and practice. Judge Stephen…

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New-Home Sales Jump in March

Tue, 04/23/2024 - 09:35

As mortgage rates rose back up to the 7% range last week and home prices remain elevated, market signs don’t necessarily point to significant improvement anytime soon. Despite the challenges, however, new-home sales continue to fight through—posting a strong rise in March. New-home sales rose 8.8% in March to a rate of 693,000, up 8.3%…

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2024 Rookie of the Year Nominations to Open May 1

Tue, 04/23/2024 - 09:26

After two years of incredible industry response—and an expansion to honor not just a national winner but five regional winners and 20 runners-up—RISMedia’s third annual Real Estate Rookie of the Year contest opens for nominations on May 1. A program designed to honor real estate agents who are new to the business yet achieving extraordinary…

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Stellar MLS CEO Stands Tall as Industry Faces Tough Questions Post-Settlement

Tue, 04/23/2024 - 08:51

Compensation is being removed from the MLS, and buyer agents will be required to sign written agreements with clients. Those changes affect everyone, but not everyone is reacting, adapting or preparing for them in the same way. With how local real estate remains, the path forward will depend on who you are following. Merri Jo…

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The Real Estate Agent Pledge: The Jason Mitchell Group’s Commitment to Transactional Transparency and Fairness

Tue, 04/23/2024 - 08:34

In a profession built on trust, integrity, and fairness, a new initiative is emerging to raise the bar for real estate professionals nationwide. The Jason Mitchell Group (JMG) has announced the launch of The Real Estate Agent Pledge—a transformative movement aimed at promoting transparency and fairness in every real estate transaction. The Real Estate Agent…

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Wallpaper Removal Cost Guide: DIY vs. Professional Removal

Mon, 04/22/2024 - 11:54

Removing wallpaper can rejuvenate or transform any space. Whether you’re updating your home’s look or preparing to put your house on the market. However, deciding between embarking on a DIY project or hiring professionals involves more than just time and effort. It’s also about understanding the costs involved. I will share my knowledge of the…

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CoStar Drops $1.6 Billion to Acquire 3D Camera Pioneer Matterport

Mon, 04/22/2024 - 09:47

CoStar, the commercial conglomerate-turned residential portal gate-crasher, announced today that it is acquiring Matterport in a deal worth $1.6 billion, adding what appears to be a highly complementary new business to its growing arsenal of real estate-focused companies. “CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate,” said Andy…

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COURT REPORT: Countdown for NAR Settlement Begins; Failed Consolidation Could Reopen Cases

Mon, 04/22/2024 - 09:39

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Courts rarely move fast. Although it has been over a month since the National Association of REALTORS® (NAR) announced that it was settling seller lawsuits, and 10 days since a judicial panel issued…

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What Lenders Should Do Now to Capitalize on a Potential Refinance Rebound in 2024

Mon, 04/22/2024 - 09:15

It wasn’t long ago when mortgage refinancing was king, generating record-breaking profits and driving lenders with more business than they could handle. During the height of the COVID-19 pandemic in 2020 and 2021, average 30-year mortgage rates in the 2% to 3% range were a boon for business. Mortgage lenders originated $2.57 trillion in refinance…

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The Top 5 Cities to Move to in 2024

Mon, 04/22/2024 - 08:47

From a young age, we all have an idea of a dream destination that we’d like to call home; somewhere luxurious on the water, or in some cases, a small remote cabin on a lake far from civilization. The idea to call a house or community our own is what most in modern society strive…

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HomeAdvantage Partners With Real Estate Connection

Mon, 04/22/2024 - 08:40

HomeAdvantage—a subsidiary of Jason Mitchell Group Holding Partners—announced a partnership with Real Estate Connection (REC)—a REALTOR® management company and brokerage. REC will now offer the HomeAdvantage product and nationwide MLS for lender accounts. HomeAdvantage is a tech-enabled platform providing nationwide MLS portals along with a nationwide network of real estate professionals, streamlines the home buying…

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Power Broker Insights: Building Upon a Family Foundation

Mon, 04/22/2024 - 06:43

As a third-generation broker, with both his grandfather and father deeply involved in the company business, Steve Fase II naturally gravitated toward real estate. Growing up, Fase watched them working hard every day to help buyers and sellers, and help agents achieve their goals. The impact of building those relationships over the years piqued his…

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Reliance Launches New Custom Brokerage Website for Hegg, REALTORS® Inc.

Fri, 04/19/2024 - 11:51

Reliance—a leading U.S. real estate technology company—has partnered with Hegg, REALTORS® Inc. to unveil the South Dakota-based real estate brokerage’s new website, featuring Reliance’s cutting-edge hyperlocal search engine.  The oldest real estate company in South Dakota, Hegg is a part of Edina Realty and a Berkshire Hathaway affiliate, according to a release. Founded in 1945…

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Leading Economic Indicators Fall Slightly in March

Fri, 04/19/2024 - 10:04

The Leading Economic Index (LEI) fell 0.3% in March to 102.4, a reverse from February’s slight increase, according to the latest release from The Conference Board. March’s LEI is down 2.2% over the six-month period between September 2023 and March 2024—down from its 3.4% contraction over the previous six months. February’s 0.2% increase was the…

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Oklahoma Brokerage Affiliates with Better Homes and Gardens Real Estate

Fri, 04/19/2024 - 09:55

Better Homes and Gardens Real Estate The Platinum Collective, based in Newcastle, Oklahoma, is the latest firm to join the lifestyle real estate brand. The white-glove full-service company assists clients in a wide range of real estate transactions, including assistance with luxury residential listings, ranch and rural properties, new construction, commercial sales, land sales and…

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Setting the Stage for Smoother Real Estate Transactions

Fri, 04/19/2024 - 09:54

Above, John Coake. Last fall, Compass acquired Realty Austin and Realty San Antonio—a boutique firm with four offices boasting two decades of familiarity and success in their respective Texas markets. According to John Coake, the newly acquired company’s head of sales and broker associate, the move provides a unique opportunity.  “Joining Compass has elevated our…

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RISMedia’s 2024 Power Broker Report: Continued Pain, Then Hopes of Gain

Fri, 04/19/2024 - 09:28

Editor’s note: The Top 1,000 brokerage firms ranked by sales volume and transactions are available to Premier members here. Information on becoming a Premier member is also available at this link. Inflation. Interest rates. Inventory shortage. Add to that a court decision that found major real estate players guilty of price fixing—along with the contagion…

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BoomTown Confirms System-Wide Hack by Third-Party

Fri, 04/19/2024 - 09:12

BoomTown ROI, a real estate proptech company, confirmed Thursday that the cause of a multi-day system outage affecting potentially thousands of real estate professionals, was a system-wide hack from a malicious third-party source that began on April 10. The company, which provides real estate management software including IDX websites, lead generation and management and CRM…

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New-Home Mortgage Applications Jump in March Despite Fewer Sales, MBA Reports

Fri, 04/19/2024 - 09:07

In a mixed bag for housing, mortgage applications for new homes jumped in March, while new-construction sales simultaneously fell amid affordability woes, according to the Mortgage Bankers Association (MBA). Mortgage applications for new-home purchases rose 6.2% in March compared to the same period last year, according to data from the MBA’s Builder Application Survey (BAS).…

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Nothing but Full Service-Plus Works for Kansas City Team

Thu, 04/18/2024 - 17:48

Erin Peel remembers poring through the pictures in her mother’s heavy and closely guarded MLS book when she was just a kid in Kansas City – and while her mom left the real estate business after several years, the image of all those lovely homes stayed with her. Her path to real estate was not…

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