Seller Red Flags: Potential Problems for Which Owners Must Be on the Lookout – Part 2
Red flags are a major negative not just for homebuyers, but for sellers as well. Therefore, it is incumbent on agents representing either party to become as aware as possible of whatever issues lie within a property for sale, and to determine what to do about them. Part 1 took a closer look at some…
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DOJ Takes Issue With Buyer-Broker Agreements Ahead of Settlement Approval Hearing
Less than 48 hours before tomorrow’s long-awaited NAR settlement approval hearing, the U.S. Department of Justice (DOJ) has raised concerns over the buyer-broker agreements stipulated in the proposed settlement. On Sunday evening, the DOJ filed a Statement of Interest (SOI) in the Burnett v. NAR et al lawsuit, which clarified that the DOJ’s lack of…
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Team Tactics: Bringing Fall Marketing to Your Team
REALTORS® are no strangers to marketing—it being an essential part of growing your business. Seasonal marketing, however, is not always everyone’s cup of tea. While marketing a team can be a bit of a different animal, tactics like seasonal marketing are tried and true, and can’t be ignored. The power of seasonally marketing cannot be…
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Revive Real Estate Marks 5th Anniversary with Holiday Fundraiser
Revive Real Estate has announced that in tribute to its 5th anniversary, the presale renovation firm is raising funds and collecting toys to benefit Children’s Hospital of Orange County (CHOC), a renowned pediatric health system dedicated to the well-being of children and families. Based in Irvine, Revive has set up a dedicated giving page, inviting…
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NAR Calls Settlement ‘Hard Fought,’ Defends Deal in Final Argument Before Hearing
With only days before a judge will issue his final decision and close a historic (and frustrating) chapter in the history of residential real estate, plaintiffs who led the charge on commission class-action lawsuits and the two largest defendants in that case—HomeServices of America and the National Association of REALTORS® (NAR)—have laid out their final,…
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PropStream Announces an Enhanced Interface and New, Highly Requested Search Filters
Real estate data provider PropStream has announced an update to its interface, including new search filters, datasets and enhanced search capabilities. The company says its UX/UI update was designed with efficiency and ease of use in mind, redefining how PropStream users can search, save and study properties on PropStream. Plus, the platform has added several…
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The Burnett Trial Timeline: Looking and Linking Back to How It Transpired
With so many twists and turns over the past few years in what has likely been the most impactful residential real estate trial of all time, it’s not surprising that even the accepted name of the class-action lawsuit hasn’t been uniformly agreed upon. It started simply as Sitzer, named for Joshua Sitzer, one of the…
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The Affordability Issue and the Rise of the Million-Dollar Home
Who can afford that? The question has become more prevalent than ever, as dwindling supply has nudged the median home price ever higher, according to a new report by LendingTree that examined the U.S. metros with the highest share of million-dollar homes. The report found specifically that California remains a very expensive destination. According to…
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PropStream Unveils New Predictive AI Tool: PropStream Intelligence
The real estate software firm and data provider PropStream has announced its latest platform enhancement: PropStream Intelligence. Driven by machine learning and predictive analytics, PropStream Intelligence is designed to help real estate professionals find leads. The tool’s features include: Property Condition Analysis: Uncover a property’s condition at a glance using a strategic grading system, as…
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Consumer Sentiment Gets Another Bump, Up Four Months in a Row
The University of Michigan’s consumer sentiment index was up slightly in November, yet another increase from its 70.5 reading in October to a final reading of 71.8 in November, a 1.8% increase, according to the University of Michigan’s survey of consumers. The index also rose 17.1% year-over-year. This is the fourth consecutive month of increases…
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