Are Traditional Brokerages Cutting Their Way to Extinction?
As the industry grapples with a significant market slowdown that could linger uncomfortably long, brokerages are scurrying to cut costs. But is that the right direction for growth and success? The harsh reality is that 10 years from now, traditional real estate brokerages will be obsolete. Why? Because they are refusing to evolve, unable to…
The post Are Traditional Brokerages Cutting Their Way to Extinction? appeared first on RISMedia.
Brown Harris Stevens Announces New Multimedia Platform
Brown Harris Stevens has announced the launch of a new multimedia platform – the Mastery of Real Estate Network, or MORE Network. Now available with dedicated channels on Apple Podcasts and YouTube, the MORE Network hosts direct-to-consumer multimedia audio and web series starring Brown Harris Stevens agents from around the country, produced and edited in-house…
The post Brown Harris Stevens Announces New Multimedia Platform appeared first on RISMedia.
Construction Highest in Exurban Areas
For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) homebuilding Geography Index (HBGI) for the third quarter of…
The post Construction Highest in Exurban Areas appeared first on RISMedia.
The November 2023 Luxury Market Report
While there is little doubt that the current luxury market is facing challenges, we investigate the slight shift in some of the market’s variables that could be the key to market growth in the future. We acknowledge that during the last year the expectations and reactions of buyers and sellers have become so entrenched in…
The post The November 2023 Luxury Market Report appeared first on RISMedia.
FHFA Announces Conforming Loan Limit Values for 2024
The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from 2023, according to the annual release by the Federal Housing Finance Agency (FHFA) this past Tuesday. The Housing and Economic Recovery Act (HERA)…
The post FHFA Announces Conforming Loan Limit Values for 2024 appeared first on RISMedia.
New State-Level Commission Suits Target Smaller Brokerages
Another week, another commission lawsuit (or three). As bigger, national lawsuits continue to move slowly through the courts, attorneys in three states have decided to emulate the plaintiffs in Burnett, and bring very similar claims—that REALTOR® associations are conspiring with big brokerages to inflate commissions—to their regions. The Burnett case, which saw a jury award…
The post New State-Level Commission Suits Target Smaller Brokerages appeared first on RISMedia.
NAR Opens Applications for 2024 REACH Program
Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, opened applications today for the 2024 U.S. REACH technology growth program. Applications for the U.S. REACH Commercial program will open in March 2024. The U.S. REACH program focuses on solutions supporting the residential real estate sector, including innovations from adjacent industries such…
The post NAR Opens Applications for 2024 REACH Program appeared first on RISMedia.
The Housing Markets That Will Dominate 2024
As 2023 is coming to a close, there’s a lot of predictions up in the air for what the housing market is going to look like in 2024. Will mortgage rates come down? Will prices? Will the market crash? There’s a lot of questions, but one of the biggest is what markets are going to…
The post The Housing Markets That Will Dominate 2024 appeared first on RISMedia.
Mortgage Applications Continue to Rise
Mortgage applications increased for the fifth straight week, raising 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday. The numbers: The Market Composite Index, a measure…
The post Mortgage Applications Continue to Rise appeared first on RISMedia.
As 2024 Looms, Agents and Execs Talk Jobs, Lawsuits, Hopes and Concerns
Peaks and valleys… ebbs and flows… waxes and wanes… Every real estate professional understands that their industry has more of them than most, due to economic variables, inventory issues and a variety of other home-buying and -selling factors. Indeed, 2023 and very likely 2024 may someday be looked back on as two of the most…
The post As 2024 Looms, Agents and Execs Talk Jobs, Lawsuits, Hopes and Concerns appeared first on RISMedia.