Real Estate News

Real Estate Webmasters Launches Demand-Based Pricing Promo

Real Estate Webmasters announced a demand-based pricing promotion aimed at real estate professionals seeking to enhance their online presence.  Typically, REW stated that the first quarter sees a slowdown in “net new” orders for their professional services. However, this year has deviated from the norm. Morgan Carey, CEO of Real Estate Webmasters, cited several factors…

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California Regional MLS Offers New Tools to Users

California Regional MLS (CRMLS) has entered into an agreement with software firm Immobel to offer two new products to its 110,000-plus users: MLS Match, an agent referral network program, and Xomio, an IDX website that provides visibility online in 19 languages. MLS Match is a core product available for brokers and agents at no cost,…

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Why Teams and AI Are the Perfect Marriage

This year will mark a breakthrough in deploying AI in real estate. As AI continues to rapidly advance in its capabilities as a personal assistant, real estate agent teams have become the perfect partner for this cutting-edge technology. The rise of AI in real estate McKinsey reports that within this decade, up to 30% of…

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The Top 3 Mistakes Listing Agents Make and How to Avoid Them

Growing and maintaining a real estate career is a promising yet challenging endeavor. The failure rate for agents is staggering—nearly half of all agents fail in the first five years. If you make it past this hump, you are still not immune to the ebbs and flows of the real estate market. To continue growing…

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Judge Removes HomeServices, Two States From Mega Buyer Suit

In a split decision Feb. 20, the judge overseeing the goliath buyer-side commission case dismissed some state-level claims by plaintiffs—and dropped one of the defendants entirely—in an opinion that appears to be a relatively small victory for big real estate brokerages, with most claims in the lawsuit still moving forward. Judge Andrea R. Wood, overseeing…

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Study: Racial Minority Groups Increased Homeownership Rates in 2022

Homeownership rates for racial minorities increased in 2022, with Asian and Hispanic Americans achieving historic peaks. Despite these advancements, disparities persist among racial and ethnic groups, notably with Black homeownership lagging. People of color continue to endure significant buying challenges throughout and after their home purchases, according to a new report from the National Association…

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Mortgage Applications Slump Following Rate Hike Back Over 7%

Mortgage applications decreased sharply this week, down 10.6% from last week’s decrease of 2.3%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association for the week ending Feb. 16, 2024. Here are this week’s numbers: The refinance share of mortgage activity decreased to 32.6% of total applications from 34.0% the previous…

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Homes.com Targeting $10 Billion in Subscriptions as CoStar Puts ‘Pedal to the Floor’

CoStar-owned Homes.com has remained a ubiquitous presence across television broadcasts, internet browsers and radio airwaves over the last couple weeks, thanks to a billion-dollar marketing push (included four Super Bowl commercials) and has so far achieved 560 million impressions. On the company’s Q4 and full-year 2023 earnings call yesterday, CoStar CEO Andy Florance kept up…

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NAR Announces Partnership With Curbio

The National Association of REALTORS® announced Curbio as a new partner with NAR REALTOR® Benefits. Curbio, which operates in more than 55 markets nationwide, is a pay-at-closing contractor for pre-sale home improvements of any size. As part of the agreement, NAR members and their clients will receive free access to Curbio’s ‘Build Your Own’ estimate…

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PropStream to Attend The 2024 Joint AE Institute Event

PropStream announced they will attend the 2024 Joint AE Institute Event in San Diego, California, from Mar. 12-15. Hosted by The National Association of REALTORS®, this event is a premier professional development opportunity for MLS staff and local and state REALTOR® associations. Programs can benefit anyone from newer AE’s, veteran AE’s and smaller associations. NAR…

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