Consumer Tips

Top Strategies to Access the Affluent

Accessing affluent buyers in the luxury real estate market requires a strategic approach that takes into account their preferences, behaviors and expectations. By implementing a combination of the strategies outlined below you can effectively access this desirable market segment in the luxury real estate industry. Here are some top ways to access the affluent: Establish…

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Homebuilder Confidence Hits Lowest Reading Since December 2023

With mortgage rates remaining high, little change in inflation and the Fed still not making any decisions when it comes to a rate cut, homebuilder confidence remains troubled as it hit its lowest reading since December 2023, according to the latest National Association of Home Builders (NAHB) data. The NAHB/Wells Fargo Housing Market Index (HMI)…

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NAR-Independent MLS Dismissed From Copycat Lawsuit

In a potentially precedent-setting move, a federal judge recently dismissed an MLS that is not affiliated with the National Association of REALTORS® (NAR) from a class-action commission lawsuit, finding that certain rules involving offers of compensation are not as “unilateral” as alleged by plaintiffs. In one of the many Burnett copycat suits filed late last…

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Homes.com, Realtor.com CEOs Clash for 2nd Place Supremacy, With Both Eying Zillow

Above: Realtor.com’s Damian Eales (left) and CoStar’s Andy Florance The words from CoStar CEO Andy Florance were delivered almost as an afterthought that day in February 2023 at the end of an upbeat but otherwise boilerplate quarterly earnings report. “While we typically do not comment on potential acquisition opportunities, we are confirming here that CoStar…

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REsides has Opted Out of the NAR Settlement, Citing Commitment to Brokers

REsides MLS has announced it chose not to opt in to the NAR settlement. Instead, the MLS has stated it will implement its own changes, beginning in late August. This decision is part of REsides’ ongoing commitment to being a strategic partner for brokers with expanded opportunities and support to manage their business into the…

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eXp Aware of Sexual Assaults by ‘Alpha Agents’ for Years, Took No Action

A woman suing mega-brokerage eXp and several high-profile recruiters just added a cascade of new accusations and allegations to her lawsuit, claiming that the company and its founder, Glenn Sanford, ignored extensive reporting on sexual assaults committed by two eXp agents—Michael Bjorkman and David Golden—despite public statements by Stanford that eXp had no knowledge of…

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Mortgage Applications Continue to Rise This Week

Mortgage applications continued their upward trend and increased 0.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 14, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 0.9% on a seasonally adjusted basis from one…

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Katie Johnson Steps Forward to Address Industry Leaders

After weathering more than a year of turmoil and controversy at the National Association of REALTORS® (NAR), Katie Johnson is set to address an elite group of residential real estate thought leaders during RISMedia’s 36th Annual CEO & Leadership Exchange in Washington, D.C., this September.  As NAR’s chief legal officer and chief member experience officer,…

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DOJ: NAR Request for Rehearing ‘Falls Far Short’

The U.S. Department of Justice (DOJ) argued to an appeals court yesterday that last month’s petition by the National Association of REALTORS® (NAR) for a rehearing of the agency’s bid to reopen its investigation into the association is “not warranted.” Filed on May 20 in the D.C. Circuit Court of Appeals, NAR asked both for…

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Thoughts on Leadership: The Art and Power of Journaling

This week, as I settled into the familiar comforts of my home office, I began Monday with my usual WIG calls. In anticipation of the week ahead, I spent Sunday afternoon clearing my email inbox, which naturally led me to reflect and write in my journal about my objectives for Monday and beyond—a practice that…

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