RIS Media Real Estate News

The amount of equity-rich homes decreased slightly from 48% in Q4 2022 to 47.2% in Q1 2023, marked the second straight quarterly decline, according to a new report from ATTOM. ATTOM’s Home Equity & Underwater Report for Q1 2023 found that 3% of mortgaged homes, or one in 33, were considered seriously underwater, virtually unchanged from…

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HUNT Real Estate has announced that effective immediately, Charles F. Hunt has been promoted to president, residential brokerage and chief operating officer for the company. The residential brokerage consists of 60 residential branch offices throughout New York State, Massachusetts, and Arizona.  Hunt is the great-grandson of company founder Charles S. Hunt–he joined the company in…

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Century 21 Real Estate is back in the Green Bay market with the affiliation of start-up firm, In Good Company—now doing business as CENTURY 21 In Good Company, the company has announced.  The leadership team includes broker/co-owner Levi Foss, co/owner Erin Flores and broker Erin Kasprzycki. Foss has 18 years of real estate experience in…

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Jason Friedman was a busy equity and commodities trader in Manhattan 13 years ago when he spent a weekend observing his mother, Rudi Friedman’s thriving real estate business on the North Shore of Long Island, N.Y., an upscale enclave just a short train ride but a cultural world away from the city. Under the banner…

The post Upscale Nassau County, New York Team Thrives on Family Dynamic appeared first on RISMedia.

If you’re a broker, you’re probably often thinking of strategies for how to grow your team or agent count. However, growth shouldn’t be the only concern you have when it comes to team-building. In fact, there’s something to be said for maintaining a smaller team of agents.  Now, this might sound antithetical to your instincts…

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It’s not uncommon for many real estate agents to get their start as a part-time agent. After all, there are bills to pay, right? As a new agent who needs experience, starting off part time is often necessary until you know for certain you can make a living at it and feed your family. Not…

The post How to Get a Listing When You’re a New Part-Time Agent appeared first on RISMedia.

Faced with a significant budget deficit, the National Association of REALTORS® (NAR) is angling for a vote this Thursday on a policy that would tie REALTOR® dues to the consumer price index (CPI), effectively raising the annual association fee in line with inflation. An NAR spokesperson told RISMedia that the Board of Directors would formally…

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When you think you’ve found your perfect home, you will be understandably devastated if the sale falls through. After the seller has accepted your offer, it can take as long as 60 days to close or more, and many things could go wrong. You might be surprised at the number of reasons pending sales fall…

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Thousands of REALTORS® nationwide are on site now until May 11 in Washington, D.C. for the 2023 REALTORS® Legislative Meetings, NAR’s annual gathering to discuss critical policy needs with members of Congress, policymakers, and industry leaders. “Home Front: Protecting Rights. Expanding Access. Building Prosperity” is the theme for this year’s in-person policy meetings held by…

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Proper Real Estate, based in Long Beach, California, has announced its affiliation with RE/MAX–The brokerage will begin operating as RE/MAX Proper immediately. This affiliation brings more than 70 real estate professionals to the RE/MAX brand, the company announced.  The RE/MAX Proper leadership team consists of CEO Paul Natividad, broker of record/partner Jenny Pok and managing…

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Company culture is a hot topic these days as brokerages define what they do and how they do it, hopefully using their reputations to draw elite talent. It informs every aspect of businesses that rely on staff members working together as a team. In residential real estate, wherein agents know and interact with those from…

The post How Brokerages Establish (and Promote) ‘Company Culture’ appeared first on RISMedia.

RE/MAX Holdings, the parent company of real estate franchise RE/MAX and Motto Mortgage, released its Q1 2023 earnings report on May 4, 2023. The company reported a total revenue of $85.4 million. This is a 5.04% increase from the previous quarter’s revenue of $81.3 million, but a 6.2% decrease compared to Q1 2022. Revenue excluding…

The post RE/MAX Experiences Expected Year-Over-Year Decline in Q1 2023 appeared first on RISMedia.

In January 2023, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the GSEs) to change the structure of their upfront fees and the levels of some fees. While these changes will provide more clarity for investors and help some consumers, they could harm other homebuyers. The GSEs are insurance companies critical…

The post New Federal Mortgage Fees Help Some, Hurt Others appeared first on RISMedia.

Despite a thaw in the market in time for Spring, low inventory is still causing higher prices, creating affordability issues for buyers across the market, according to a new report from Realtor.com. Realtor.com’s Monthly Housing Trends Report for April found that, compared to 2022,  the median listing price grew by 2.5% to $430,000, up 36.5%…

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While homeownership is known to be costly, 21.48% of owner-occupied households in the U.S. are housing cost-burdened, according to a new report from LendingTree. LendingTree’s latest report analyzed U.S. Census Bureau American Community Survey data to determine the share of owner-occupied households in each state spending at least 31% of their income on monthly housing…

The post The States With the Most and Least Cost-Burdened Homes appeared first on RISMedia.

It can be hard to land your first few clients when you’re just getting started in real estate. Until your reputation speaks for you, you may have to work a bit harder to earn the trust of your first few clients. Remember that once you do have a few listings under your belt, you’ll be…

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Real estate technology company Opendoor was unable to report much positive news in its Q1 2023 earnings report May 4. New CEO Carrie Wheeler said the iBuying brokerage’s vision “is to build the most trusted e-commerce platform for residential real estate. We have dedicated the last nine years to delivering on this vision, and we…

The post More Losses for Opendoor as It Seeks to Regain Footing appeared first on RISMedia.

It always helps to be a glass-half-full thinker when faced with the challenges of a turbulent market shift. Redfin CEO Glenn Kelman certainly exuded that mentality as he unpacked the company’s rough performance in the first three months of the year.  Redfin reeled in $325.7 million in the first quarter, down 45% from last year,…

The post Redfin Q1 Revenue and Profits Tumble Amid Housing-Market Hurdles appeared first on RISMedia.

Did you know there are currently more households with pets than children? According to the U.S. Census, the share of families with children under the age of 18 living in the home has continued to decline. The share with children in 2022 stands at 40%, down from 48% in 2002. This is likely for two…

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Most people (as many as 80%, by some estimates) leave real estate in the first year. That oft-quoted statistic illustrates not only that real estate is a hard business, but that people aren’t prepared for the kind of volatility that is inherent to a cyclical housing market, or the need to be proactive as an…

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