Housing Wire
NOVEMBER 10, 2023
It appears that no real estate brokerage firm in the U.S. is safe from a commission lawsuit. On Wednesday, Manhattan home seller Monty March filed a lawsuit in U.S. District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws.
Real Estate News
NOVEMBER 10, 2023
Zillow, Redfin and CoStar assured investors that they can withstand “massive disruption,” while others discussed efficiencies and even some avenues for growth.
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Housing Wire
NOVEMBER 10, 2023
With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. But it’s not all grim news. While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.
Real Estate News
NOVEMBER 10, 2023
In a Navy town, McKenzie Better Homes and Gardens Realty supports military families and veterans with more than the typical real estate services.
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Housing Wire
NOVEMBER 10, 2023
In September, all-cash purchases represented one-third of the U.S. home purchases, compared to 29.5% a year ago, according to a Redfin report. It’s the highest share of all-cash transactions recorded since 2014. Cleveland posted the highest share of all-cash purchases in September, reaching 49.2% of all transactions. West Palm Beach and Jacksonville in Florida followed with 49% and 46.2%, respectively.
Real Estate News
NOVEMBER 10, 2023
Cases in South Carolina, New York and Chicago pit consumers against NAR, REBNY, Keller Williams and other top real estate companies.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
NOVEMBER 10, 2023
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases.
Housing Wire
NOVEMBER 10, 2023
Another day, another commission lawsuit — this time in South Carolina. On Monday, plaintiff Shauntell Burton filed a federal antitrust lawsuit in the U.S. District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers.
Inman
NOVEMBER 10, 2023
Now is the time when connections serve as the bridge to the future. Inman Connect is more than a name; it's a call to action. It's an opportunity to collaborate beyond individual brands, connect ideas, forge partnerships, and navigate the transformative terrain of the real estate industry.
Housing Wire
NOVEMBER 10, 2023
Fidelity National Financial finished out third-quarter earnings reporting for the Big Four title firms this week, hosting its earnings call with investors and analysts Wednesday morning. While the firm’s title revenue was down 18% year over year to $1.9 billion, firm executives noted that it was in line with historical levels reported in 2018 and 2019.
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Inman
NOVEMBER 10, 2023
In what could be considered a no-brainer in terms of protech partnerships, users of BHR’s extensive home intelligence reports will see their industry IQ jump a few points with the addition of Plunk’s AI-powered market analytics.
Sotheby's International Real Estate
NOVEMBER 10, 2023
Highlights from this week’s top news stories on luxury and global real estate, and home. East Hampton, New York | Sotheby’s International Realty – Bridgehampton Brokerage The East Hampton abode is a 4,000-square-foot architectural triumph delicately tucked into a lush landscape. An Award-Winning Architect Designed This $12M Home in the Hamptons for Herself – Robb Report This Montana Mountain Estate Is a $4M Contemporary Dream House – Realtor.com $800,000 Homes in Rhode Island, Oregon and O
Inman
NOVEMBER 10, 2023
Better, which has had a strategic partnership with Ally Bank since 2019, is looking to partner with more lenders by launching a white-labeled "mortgage-as-a-service" platform with Infosys.
Brownstoner
NOVEMBER 10, 2023
By Kirstyn Brendlen, Brooklyn Paper The sprawling lawns and lush gardens of the Brooklyn Botanic Garden will become a glittering winter wonderland with the return of Lightscape on November 17. Now in its third year at the garden, Lightscape is a dazzling holiday lights show created by dozens of local and international… Read More > The post Brooklyn Botanic Garden Set to Shimmer With the Return of ‘Lightscape’ appeared first on Brownstoner.
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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
Inman
NOVEMBER 10, 2023
A new commission lawsuit filed Monday seeking class-action status alleges sellers encountered "illogical, harmful, irrational and anticompetitive effects" of NAR's cooperative compensation rule.
Bigger Pockets
NOVEMBER 10, 2023
Last month, the Biden administration announced a series of actions designed to facilitate the conversion of specific properties to improve affordability in several metros. Here are the details.
Inman
NOVEMBER 10, 2023
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws.
RIS Media
NOVEMBER 10, 2023
On a mission to solve the global problem of consumer access and transparency in real estate, Real Estate Webmasters’ global MLS project continues to gain momentum, expanding even further with the addition of a new partner in Costa Rica. Market leader and luxury powerhouse 2Costa Rica Real Estate is the first company in Costa Rica… The post Real Estate Webmasters’ Global MLS Project Continues to Gain Momentum appeared first on RISMedia.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
Inman
NOVEMBER 10, 2023
Jimmy Burgess shares this step-by-step program to help you make the most of your sphere of influence and incoming leads so that you have a never-ending supply of real estate clients.
RIS Media
NOVEMBER 10, 2023
Transitioning into civilian life and a new career can be a challenge for veterans, especially in an economy and housing market filled with challenges of their own. When coming out of the military, where can veterans turn to in order to find good homes and environments to grow their lives and the lives of their… The post The Best Cities for Veterans and Their Families appeared first on RISMedia.
Inman
NOVEMBER 10, 2023
In the first release of its “next generation” of real estate software, Lone Wolf Technologies unveiled this week a multi-tiered marketing center.
RIS Media
NOVEMBER 10, 2023
In the wake of the landmark Burnett verdict where the National Association of REALTORS® and big real estate companies were found to have violated antitrust laws, one defendant brokerage has decided to significantly bolster its legal team. Keller Williams, the real estate mega-franchisor that was on the wrong end of a $1.78 billion judgment in… The post Keller Williams Hires Former Solicitor General for Burnett Appeal appeared first on RISMedia.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Inman
NOVEMBER 10, 2023
Of his recent six-week run on the reality dance competition, Umansky said he learned a lesson in empathy when it comes to teaching others a challenging new skill.
RIS Media
NOVEMBER 10, 2023
Money always matters for homebuyers, and never more so than these days, with inflation, soaring mortgage rates and tight inventory. Many buyer hopefuls have had to postpone their quest for the American Dream until the numbers work better. Those willing and able to buy now very likely have needs that must be met before they… The post 4 Money-Savers a Seller’s House Should Offer for Optimal Appeal appeared first on RISMedia.
Inman
NOVEMBER 10, 2023
With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Nov. 3-9, 2023.
RIS Media
NOVEMBER 10, 2023
2023 hasn’t been the best market for many real estate agents. Listings are severely limited, high-interest rates are wreaking havoc for homeowners and buyers, and house prices are soaring. As a result, many agents are struggling to secure listings and still find the time to grow their businesses. Unfortunately, the inevitable end-of-the-year lull isn’t going… The post The Key to Success in 2024?
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
Realty Biz
NOVEMBER 10, 2023
Virtual staging offers both advantages and disadvantages in the real estate industry. Using virtual tools, properties can be showcased with furniture and decor without physical staging. The goal is to make the house sell faster by giving potential buyers a better presentation. This cost-effective and flexible approach allows for easy changes and adaptations.
RIS Media
NOVEMBER 10, 2023
Despite clocking in a $5.5 million net loss in Q3, Fathom executives are choosing to hone in on the positive—large agent growth. The company’s revenue came in at $93.5 million, a decrease of 16% from the $111.3 million seen in Q3 last year. Transactions were also down 14.7% year-over-year, coming in at 10,303. This continues… The post Despite Q3 Losses, Fathom Focuses on Agent Growth appeared first on RISMedia.
Calculated Risk Real Estate
NOVEMBER 10, 2023
NOTE: Starting next month, I’ll add some comparisons to 2019 (pre-pandemic)! This is the second look at several early reporting local markets in October. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
RIS Media
NOVEMBER 10, 2023
eXp World Holdings, Inc. has announced that Chief Financial Officer Jeff Whiteside is stepping down from his position and a search process has been initiated to identify his successor. Whiteside will remain with the company through Dec. 1 to support the transition, the company said. The company and its Board of Directors will work with… The post eXp World Holdings Initiates Chief Financial Officer Transition Plan appeared first on RISMedia.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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