RIS Media Real Estate News

The real estate industry faces a triad of challenges in today’s marketplace: continued low inventory, delivering fewer sales, stubbornly elevated mortgage interest rates and the potential impact of the commission lawsuits that have already begun to reshape the landscape. As a result, leading industry experts predict tens, if not hundreds of thousands of agents will…

The post How to Retain Your Best Agents in Times of Turmoil appeared first on RISMedia.

After going through the time and effort of getting an accepted offer for your seller’s home, the absolute last thing you want (or need) is a problem with the appraisal that follows. Assuming a mortgage will be taken by the buyer, lenders will want to ensure that the price they pay compares favorably with similar…

The post 4 Things Seller Clients Should Do to Help Ensure a Positive Appraisal appeared first on RISMedia.

As mortgage rates remained elevated, tipping over the 7% mark last month, sales of new homes fell significantly in May, down 11.3% below the revised April rate of 698,000 and 16.5% below the same activity a year ago, according to the latest data released Wednesday by the U.S. Department of Housing and Urban Development and…

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The REALTOR® Association owners of REcolorado®, made up of the Denver Metro Association of REALTORS® (DMAR) and the South Metro Denver REALTORS® Association (SMDRA), have determined through a letter of agreement to sell the greater Denver MLS to a private entity outside of the real estate realm. “First and foremost, we want to apologize that…

The post REcolorado to Be Sold to Private Entity appeared first on RISMedia.

Even in a seller’s market there are always “hard-to-sell” properties. At the height of the frenzied market during the pandemic years there were still properties that remained unsellable.  There will always be properties that simply do not meet affluent buyer expectations, whether it’s due to location, price, size, or the state of repair. Ultimately, and…

The post Strategies for Marketing a Challenging Property in a Seller’s Market appeared first on RISMedia.

A key challenge that real estate agents face is retaining clients and building long-term relationships. It’s not uncommon for clients to switch agents for their next transaction. However, ensuring client retention is crucial, as it guarantees that clients remember you and refer you to their friends and family. Meeting every client’s expectation of a white-glove…

The post Post-Settlement: How to Show Your Value to Buyers and Sellers appeared first on RISMedia.

RE/MAX has announced that broker/owners Steven Smith, Wes Watson, Dan Porlier and Brad Howard of Davenport Realty have officially opened RE/MAX Icon Realty, bringing nearly 130 agents to the brand across two offices in London and Waterloo, Ontario. The four broker/owners previously established Davenport Realty in 2018 and grew from a small team to a…

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Mortgage applications rose for the third straight week as mortgage rates continue to drop, increasing 0.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 21, 2024. This week’s results include an adjustment for the Juneteenth holiday. This week’s data: The Market Composite…

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Better Homes and Gardens Real Estate has announced the affiliation of BHGRE Fruit & Wine, located in Palisade, Colorado. Celebrating its 20th anniversary this year, the boutique family brokerage works with clients on farm, luxury, residential, commercial and land transactions throughout the Grand Valley and Mesa County.  Broker/owner Tammy Craig established the company in 2004,…

The post Boutique Colorado Brokerage Joins Better Homes and Gardens Real Estate appeared first on RISMedia.

Gathering more than 400 of real estate’s top brokerage leaders and industry experts, RISMedia’s 36th Annual CEO & Leadership Exchange, taking place September 4 – 6 in Washington, D.C., will feature not only a comprehensive educational agenda, but unparalleled networking opportunities, such as Mix, Mingle & Cruise on the Potomac, a can’t-miss reception made possible…

The post Networking Cruises to New Levels at September Event appeared first on RISMedia.

As consumers continue to see little relief from inflation—with the Consumer Price Index registering no change in May and the Fed again holding the line with no rate changes—confidence reversed course and fell slightly in June. Consumer confidence decreased from 101.3 in May to 100.4 in June, according to the latest data from The Conference…

The post Consumer Confidence Reverses Course and Decreases in June appeared first on RISMedia.

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Summer is in full swing, and with a new season comes new strategies for success. With home prices reaching a record high, it is more important than ever…

The post Social Skills: Summer Marketing Strategies for Sizzling Success appeared first on RISMedia.

The S&P CoreLogic Case-Shiller Index, a key measure of U.S. home prices, reached a new high in April. The rate of price increases has tempered, however, compared to previous months, which could result in a market stabilization as mortgage rates continue to remain generally elevated. The index, covering all nine U.S. census divisions, reported a…

The post Home Prices Set Record High in April, But Slowing Down appeared first on RISMedia.

Above, Troy Reierson  Troy Reierson, CEO of Berkshire Hathaway HomeServices Arizona, California and Nevada Properties, has been in and around real estate for more than two decades—jumping feet first into the mortgage industry before moving into the technology space and ultimately getting involved with HomeServices of America via their franchise company, HSF.  “I joined Berkshire…

The post Enhancing the Client Experience appeared first on RISMedia.

The Joint Center for Housing Studies (JCHS) of Harvard University recently released its annual “State of the Nation’s Housing,” and it paints a bleak picture of a real estate market plagued by inventory and affordability challenges.  During the recent webinar highlighting findings from the report, Daniel McCue, senior research associate at the center, said this…

The post Harvard Report Shines Light on Affordability Crisis and ‘Alarming’ Rates of Housing Cost Burden appeared first on RISMedia.

For independent MLSs, opting into the National Association of REALTORS®’ (NAR) settlement was a tough decision, and potentially costly. But for those who did, the hope—and expectation—was that they would be free of the uncertainty, cost and stress of commission litigation.  But that does not appear to be a sure thing at all, at least…

The post Judges Split on Approach to Independent MLSs, NAR Opt-Ins appeared first on RISMedia.

Pricing a condo correctly is essential for a successful sale. I will guide you through detailed, actionable steps to ensure your condo is priced right. You will learn the following information which will help you price your condominium appropriately based on the current real estate market: How to conduct a comprehensive market analysis. The importance…

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In the bustling realm of social media, it’s essential to recognize that success isn’t solely achieved through content creation. While crafting compelling content is undoubtedly valuable, it’s just one segment of a multifaceted strategy needed to thrive online. In the digital landscape, where attention spans are fleeting and competition is fierce, mastering community management and…

The post How to Leverage Social Media in 2024 appeared first on RISMedia.

From left, Scotta Larsen, Wendy Bowen and Jill Weisswasser The Denver Trio Team began almost 10 years ago with three women who share the same passion for real estate. Hailing from Iowa, Michigan and Minnesota, they possess what they like to call “that Midwest work ethic and kindness,” believing strongly in building relationships and doing…

The post Three’s a Company: Denver Trio Team Growing Strong Via Teamwork, Talent and Tenacity appeared first on RISMedia.

Real estate has always been a social business. Before the internet and social media, a REALTOR’S® marketing has always heavily relied on word of mouth and in person connections. Reviews and referrals are a huge part of this, and cannot be overlooked. Client reviews are very important to your team’s business and how you market…

The post Team Tactics: Taking Advantage of Client Reviews (and Referrals) appeared first on RISMedia.