California Association of Realtors CEO resigns after 2 years Wed, 24 Apr 2024 17:01:25 Two years after taking the helm, California Association of Realtors CEO John Sebree has stepped down from his post. His resignation went into effect immediately, with C.A.R. subsidiary Real Estate Business Services (REBS) CEO Debra Ferrier taking over as interim CEO as the Association launches a nationwide search for a new leader. read more»
Once bright buyer hopes plummet as agents process NAR changes Wed, 24 Apr 2024 9:00:24 Agent optimism over future buyer pipelines fell from 44 percent before the deal to 27 percent afterward — one of the starkest monthly shifts in sentiment that Intel has recorded in the last year. read more»
Decades of NAR membership data has vanished amid enrollment dip Wed, 24 Apr 2024 9:00:13 Each month, the trade group publicly reports the size of its ranks and other data on its official website. But as recently as this month, state-by-state and national data is nowhere to be found. read more»
Sign a buyer brokerage agreement to see a property? No way! Wed, 24 Apr 2024 8:00:18 Buyers and sellers are confused about the new rules of the road. Trainer Bernice Ross and Jeff Lobb discuss how agents can change up the conversation and add clarity and confidence. read more»
CoStar Group tallies Q1 revenue growth on success of Homes.com Tue, 23 Apr 2024 21:13:26 The Virginia-based commercial and residential real estate behemoth released its first-quarter earnings on Tuesday, which revealed the company grew its revenue 12 percent year over year to $656 million. The company remained profitable, although its net income dropped 91 percent from $87 million in Q1 2023 to $7 million. read more»
With Matterport buy, CoStar makes it a ground game Tue, 23 Apr 2024 20:26:57 Digital twin creation company Matterport has sold to CoStar, parent of home search experience Homes.com and Zillow's chief rival. The deal stands to greatly increase the amount of industry data available to the company for use in its appeal to both real estate agents and consumers. read more»
UHM revamps leadership team to support growing national footprint Tue, 23 Apr 2024 17:52:14 Ohio-based Union Home Mortgage boosted its market share by acquiring Amerifirst Home Mortgage. Now it's got a new divisional leadership structure to support its "rapidly expanding, nationwide footprint." read more»
Corcoran agent finds her home fraudulently listed on Airbnb Tue, 23 Apr 2024 17:44:52 Sarah Stewart only learned her Hamptons vacation home was fraudulently listed on the rental platform after someone called her to confirm that they should wire $25,000 outside of the Airbnb platform. read more»
Be everywhere with Adwerx’s latest digital advertising solution Tue, 23 Apr 2024 16:47:36 Adwerx's new product involves customers being able to showcase their brands, messages and services on alternative public digital displays, such as retail map kiosks, bus stop screens, office building information panels, digital billboards and anywhere else that a consumer looks for information. read more»
WeWork creditors urge consideration of Neumann’s offer Tue, 23 Apr 2024 16:39:22 The company's unsecured creditors seem to be tiring of its piles of debt, and say that to not seriously consider the ex-CEO's generous bid on the company is "inexcusable." read more»
38% of homeowners couldn’t afford their home in today’s market Tue, 23 Apr 2024 16:33:20 Consistent home price appreciation is touted as the main benefit of homeownership; however, runaway home price growth over the past five years has homeowners feeling locked into a financial prison. According to Redfin's latest market study, 38 percent of 3,000 homeowners said they couldn't afford their home if they were to buy it today. As a result, homeowners are staying in place much longer — 59 percent said they've been in their home for at least 10 years and 21 percent have been in their home for at least five. read more»
New-home sales enjoy big spring rally after signs of wear in February Tue, 23 Apr 2024 14:48:31 Sales of newly built, single-family homes rose 8.8 percent in March, a reflection of the beginning of a busy homebuyer season. New-home sales rose 8.3 percent year over year, according to the U.S. Census Bureau. read more»
