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Police search underway for missing Toronto-based Century 21 agent

USA Real Estate News-Inman - Tue, 2024-08-13 16:04
Veteran Century 21 agent Yuk-Ying Mui, 56, vanished Aug. 9. Rescue teams have narrowed their search to a property outside Toronto she was due to visit on the morning of her disappearance.

Ask the Newsmakers: Succeeding in Today’s Luxury Market

USA Real Estate News-RISMedia - Tue, 2024-08-13 15:26

Above: Liz Hogan, Michael LaFido, Riezl Baker, Michael Altneu Working with affluent buyers requires a unique set of skills and knowledge—and a commitment to go above and beyond to ensure that high-net worth clients get the personal, hands-on experience they’re looking for. With continued growth expected in the luxury sector through the remainder of 2024…

The post Ask the Newsmakers: Succeeding in Today’s Luxury Market appeared first on RISMedia.

‘Fix-and-flip’ loans are going mainstream with investors

USA Real Estate News-Inman - Tue, 2024-08-13 15:02
Kiavi has packaged up more than $5.1 billion in "residential transition loans" for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was oversubscribed and bumped up to $400 million.

REPORT: Mid-Atlantic Housing Market Moving Toward Balance

USA Real Estate News-RISMedia - Tue, 2024-08-13 13:15

There are signs that the market is gradually heading towards more balance across much of the Mid-Atlantic, according to new data from Bright MLS. The Bright MLS July 2024 Housing Report found that new listings are up 5.5% year-to-date, much stronger than 2023. That the number of new listings is higher than the number of…

The post REPORT: Mid-Atlantic Housing Market Moving Toward Balance appeared first on RISMedia.

Alexanders left to pick up pieces of Official after other co-founders exit

USA Real Estate News-Inman - Tue, 2024-08-13 12:21
After unsuccessful negotiation attempts with Oren and Tal Alexander, Chief Growth Officer Nicole Oge, CEO Richard Jordan and President of New Development Andrew Wachtfogel are "forfeiting ownership" of the firm.

Gary Keller’s advice for navigating recession, commission confusion

USA Real Estate News-Inman - Tue, 2024-08-13 12:12
At Keller Williams' annual Mega Agent Camp, franchise founder Gary Keller and several leaders shared how agents can navigate recession fears and commission confusion with clarity.

Amazon debuts trio of tiny homes in face of home affordability crunch

USA Real Estate News-Inman - Tue, 2024-08-13 11:37
The "Prefab Hiking House" series of homes designed by OneSpaceHub includes a split-level 40-foot property featuring a sun deck for $48,000 and a single-story home with a terrace priced at $19,000.

Report: 89% of Metros Saw Home Price Gains in Q2 2024

USA Real Estate News-RISMedia - Tue, 2024-08-13 10:42

The National Association of REALTORS®’ (NAR) latest quarterly report shows that in Q2 2024, single-family existing-home sales prices rose in 89% of metro areas measured—a whopping 199 out of 223 metros measured by NAR—down from 93% in Q1. According to the report, the national median single-family existing-home price also rose, spiking 4.9% from last year,…

The post Report: 89% of Metros Saw Home Price Gains in Q2 2024 appeared first on RISMedia.

Housing Market Outlook: What to Pay Attention to in Uncertain Times

USA Real Estate News-RISMedia - Tue, 2024-08-13 09:57

In an upcoming keynote presentation at RISMedia’s CEO & Leadership Exchange, Bright MLS Chief Economist Lisa Sturtevant will provide an update on economic and housing market trends as we head into the last quarter of 2024. Sturtevant will discuss the key factors we need to watch in order to better understand where the market is…

The post Housing Market Outlook: What to Pay Attention to in Uncertain Times appeared first on RISMedia.

Communicating Agent Compensation Offers Remains Unclear Among Smaller Brokerages, MLSs

USA Real Estate News-RISMedia - Tue, 2024-08-13 09:33

The National Association of REALTORS®’ (NAR) new rules on offers of agent compensation kick in August 17. That’s when offers of agent compensation can no longer be included with listings on the Multiple Listing Service (MLS). Additionally, buyer agents must have written buyer representation agreements in place before taking their buyer clients to tour homes.…

The post Communicating Agent Compensation Offers Remains Unclear Among Smaller Brokerages, MLSs appeared first on RISMedia.

Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling

USA Real Estate News-Inman - Tue, 2024-08-13 09:30
San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2 million in 2Q for the first time since the National Association of Realtors began tracking home prices in 1979.

Brokers Sue NAR, Local Associations Over MLS Membership Requirements

USA Real Estate News-RISMedia - Tue, 2024-08-13 09:00

Not homesellers, not homebuyers, not the Department of Justice (DOJ), but real estate agents themselves are now suing the National Association of REALTORS® (NAR) for alleged conspiracy and antitrust behavior, focused on the requirement that agents join NAR and local REALTOR® associations to access the MLS. Filed yesterday in federal court in Michigan by two…

The post Brokers Sue NAR, Local Associations Over MLS Membership Requirements appeared first on RISMedia.

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