RIS Media Real Estate News

There’s a new face in Zillow’s C-Suite, as the tech giant named Jeremy Hofmann its new chief financial officer (CFO). The Seattle-based company announced Thursday that it promoted Hofmann to succeed Allen Parker, who served as Zillow’s CFO since 2018 and will be taking an advisory position at the company next year. Hofmann, who previously…

The post Zillow Names Jeremy Hofmann New CFO appeared first on RISMedia.

Summer is typically when the housing market heats up. In a normal year, there are more homes sold in the summer, and homes tend to sell faster. Prices peak during the summer months and new listings increase. Over the last few years, however, the housing market has been anything but typical, so what will summer…

The post What to Watch as We Head Into the Summer Housing Market appeared first on RISMedia.

The pandemic was not a normal market. The further we move past that time, the more obvious it becomes. One of the major challenges when trying to measure and quantify periods of time like this is comparison. How do you juxtapose your business success in 2021 to 2022 or 2023 given how much has changed?…

The post Power Broker Breakdown: Who Dominated Across the Pandemic? appeared first on RISMedia.

If there’s one thing that’s constant in real estate, it’s that change is inevitable. Much of that change is driven by technology. In my nearly four decades in the real estate industry, I’ve witnessed firsthand the effects that technology has had, and how the pace of change has accelerated over the years. In 1984, when…

The post MLS Cooperation Is the Foundation for Organized Real Estate appeared first on RISMedia.

With home prices remaining high, especially in cities across the U.S., potential homeowners may consider taking a look at suburbs for more affordable options. According to a new report from Point2, some suburbs boast prices per square foot up to 65% lower compared to the main city. Point2’s new report analyzes the prices and living…

The post Where Are the Most Affordable Suburbs? appeared first on RISMedia.

Remodeling a home isn’t easy; many things can go wrong during these projects. It is easy to make mistakes renovating a home, but there are steps and tips you can follow to reduce the potential problems. We look at some of the home renovation mistakes that people make so you can avoid them. These ten…

The post Home Remodeling Mistakes to Avoid appeared first on RISMedia.

“This is a big disappointment: The Fed raised interest rates again, and in my view there was no reason to. The goal of raising the interest rate is to control inflation, and from my perspective, inflation is moving in the right direction.” With these candid comments, National Association of REALTORS (NAR) Chief Economist Dr. Lawrence…

The post In the News: CEO & Leadership Exchange Presenter Dr. Lawrence Yun appeared first on RISMedia.

Existing-home sales dropped 3.4% from March to a rate of 4.28 million in April, according to the National Association of REALTORS®’ (NAR) most recent existing-home sales report. NAR’s latest data on existing homes for April found that year-over-year, sales fell by 23.2%, down from 5.57 million last year. Additionally, all four major regions registered month-over-month…

The post Existing-Home Sales Drop 3.4% as High Prices and Low Inventory Challenge the Market appeared first on RISMedia.

When a real estate agent calls your tech company for assistance, what kind of experience will they have? Will they talk to someone your company has personally selected and coached to help agents get the most out of the product or tool? Or will they talk to an outsourced customer service or tech support staff…

The post Why You Should Never Outsource Customer Service or Support appeared first on RISMedia.

Across the Mid-Atlantic markets sellers are holding their driver seat positions in home sales,according to a new report from Bright MLS. Bright MLS’s monthly market report for May found that Sellers who closed on their home in April received an average of 3.5 offers, and 53.5% ended up closing at a price above their original…

The post Sellers Still Own the Market in Mid-Atlantic, Bright MLS Survey Says appeared first on RISMedia.

The 30-year fixed-rate mortgage (FRM) averaged 6.39% this week, inching back up to its previous level from two weeks ago, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers:  30-year fixed-rate mortgage averaged 6.39% as of May 18, 2023, up from last week when it averaged 6.35%.…

The post Mortgage Rates Revert, Inch Back Up This Week appeared first on RISMedia.

RISMedia is excited to announce a new partnership with Stellar MLS, the largest multiple listing service in Florida and Puerto Rico serving over 80,000 customers to bring its best-in-class articles and need-to-know information to Stellar’s subscribers via RISMedia Premier News service. Stellar MLS will deliver a selection of RISMedia content to its subscribers, including breaking…

The post RISMedia Announces Partnership With Florida’s Stellar MLS appeared first on RISMedia.

Anyone associated with the real estate market knows well that trends ebb and flow based on a variety of outside factors, from the seasons to the state of the economy. Design preferences tend to fluctuate rapidly and luxury real estate professionals must stay attuned to emerging styles. Individuality is key—long gone are the days of…

The post 4 Luxury Home-Staging Trends for 2023 appeared first on RISMedia.

Melissa Collins Principal Broker, Weichert, REALTORS® – Market Edge Harrison, Arkansas  https://www.weichertmarketedge.com Region served: North Central Arkansas and Southern Missouri Years in real estate: 14 Number of offices: 1   Number of agents: 17 After a record-breaking past couple of years, how are you maintaining growth in your brokerage?  Weichert, REALTORS® is consistently named one of…

The post Broker Strategies: Creating Community From the Ground Up appeared first on RISMedia.

Annual single-family rent growth decreased to 4.3% in March, with this reading marking almost a year of straight decreases, according to a new report from CoreLogic. CoreLogic’s latest Single-Family Rent Index for March found that while overall rent growth remains slightly elevated above pre-pandemic rates, higher-priced property gains are normalizing. In addition, while rent growth…

The post Single-Family Rent Growth Continues to Fall appeared first on RISMedia.

Curbio, Inc has announced the launch of its new home-staging service. Real estate agents can leverage Curbio’s latest offering to help stage their clients’ homes seamlessly with no upfront costs, saving sellers time and helping them make more money. Staging is shown to decrease days on market and increase the price a home sells for.…

The post Curbio Adds Pay-When-You-Sell Home Staging appeared first on RISMedia.

Brian Levine, in-house counsel, director of Legal Services and Professional Standards Administrator for the Hudson Gateway Association of REALTORS® (HGAR) is being honored by the National Association of  REALTORS® (NAR) with the REALTOR® association Certified Executive (RCE) designation, which recognizes exceptional efforts made by REALTOR® association executives, HGAR has announced. Levine, a resident of Stamford,…

The post NAR Honors HGAR’s In-House Counsel appeared first on RISMedia.

Another debate—or squabble—over the U.S. debt ceiling has broken out between lawmakers, raising a distant specter of potential federal default that has sparked some questions among real estate pundits. Though many are hopeful that a government default on its mountains of debt is extremely unlikely, that hasn’t stopped economists from speculating on the calamity that…

The post Where Does Real Estate Stand in the Debt-Ceiling Debate? appeared first on RISMedia.

Above, John Featherston (left) and Lennox Scott (far right) co-moderate RISMedia’s annual Power Broker Forum at last month’s National Association of REALTORS® Legislative Meetings, with panelists Erin Cestero, Janet Howard, Rei Mesa and Ken Baris. Given today’s fast-moving and often troubling headlines, it can be difficult for brokerage owners and managers to keep their firms…

The post Brokers Get Real About 2023 appeared first on RISMedia.

With inventory back to being the No. 1 issue in many regions and prices largely remaining resilient, homebuilders appear poised to add some much needed new homes to the market, with data showing another uptick in housing starts last month.  “Homebuilders are feeling confident about the outlook for new housing demand,” said Bright MLS Chief…

The post New Construction Up Again, With a Boom Out West appeared first on RISMedia.