Remove tag new-home
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CoreLogic and Restb.ai bringing new AI tools to nation’s fourth-largest MLS

Housing Wire

AI tools, such as photo tags or ALT-Text technology, will automatically extract information from listing photos and generate captions for each one of them. Homebuyers will be able to upload a photo of a desired home in OneHome and search for listings with the same feature, thanks to the image matching capabilities.

MLS 393
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$30 billion savings from ‘a la carte’ commissions?

Real Estate News

New research from the Federal Reserve puts a price tag on changing agent compensation, pushing for it to be independent of the price paid for the home.

Agents 271
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New home sales continue to climb in 2023

Housing Wire

New home sales started off 2023 on a positive note, rising 7.2% from December to a seasonally adjusted annual pace of 670,000 homes, according to data published by the U.S. On a year-over-year basis, however, new home sales are still down 19.4%. January marked a surge of people signing contracts to buy new homes.

Sales 424
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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. New York Community Bancorp (NYCB) is one institution that is facing a “confidence crisis” related to commercial real estate, primarily multifamily loans.

Banks 464
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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

It’s no secret that buying a home takes time and money. Well, it turns out, so does selling a home. According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . Are you thinking about selling your home? Staging Costs.

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Turnkey homes vs. fixer-uppers: The best home for your wallet

Housing Wire

While turnkey properties come with a higher price tag , they can be a cheaper investment in the long run. According to a study conducted by Buildword , 53% of buyers who purchased a fixer-upper exceeded their budget, compared to 15% of buyers who purchased a turnkey home. The costs to fix up a home varies. Projects to avoid.

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The latest real estate commission lawsuit is the scariest of them all

Housing Wire

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri. Who’s named?

MLS 414