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Here’s why specialization matters for buyer’s agents

USA Real Estate News-Inman - Wed, 2024-07-10 03:00
Developing areas of specialization enhances service, efficiency, and effectiveness and results in greater professional success for both teams and individual agents, coach Verl Workman writes.

3rd round of layoffs at Newrez brings 2024 job cuts to 750

USA Real Estate News-Inman - Tue, 2024-07-09 15:47
After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida.

No HomeServices deal yet, months after settlement announcement

USA Real Estate News-Inman - Tue, 2024-07-09 15:23
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250 million in April.

Social Skills: Blogging to Grow Your Real Estate Business

USA Real Estate News-RISMedia - Tue, 2024-07-09 15:03

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In the modern age of social media forms and the storytelling that comes with them, blogging feels like a bit of an outdated form of marketing. This, however,…

The post Social Skills: Blogging to Grow Your Real Estate Business appeared first on RISMedia.

Report: Housing Inventory Grows Nationwide

USA Real Estate News-RISMedia - Tue, 2024-07-09 14:36

Housing inventory saw a big increase in June, as the number of homes actively for sale grew for an eighth straight month and increased 36.7% year-over-year, according to new data from Realtor.com®.  Realtor.com’s Monthly Housing Trends Report for June found that new listings increased 6.3%, but were down 24.4% from 2019. In addition, the median…

The post Report: Housing Inventory Grows Nationwide appeared first on RISMedia.

Multifamily building permits have dropped 30% since 2021: Redfin

USA Real Estate News-Inman - Tue, 2024-07-09 14:32
Rising interest rates and market saturation have caused multifamily builders to slow the rate of new projects, according to a Redfin report published on Tuesday. Between 2021 and 2023, builders filed an average of 18 permits to build multifamily housing units for every 10,000 people in the U.S. However, that number has dropped to an average of 13 permits as of May 2024.

Suburban Chicago homeowner hit with $30K property tax bill in error

USA Real Estate News-Inman - Tue, 2024-07-09 13:09
Homeowner Darryl Lloyd was stunned to receive an errant property assessment of more than $1 million from assessors, causing his bill this year to skyrocket from $1,800 to a whopping $30,000.

What’s the most unprofessional thing you’ve seen an agent do?

USA Real Estate News-Inman - Tue, 2024-07-09 12:47
Professionalism (or a lack thereof) is important everywhere — on social media, on the phone and face-to-face, but which agents are putting their worst out into the world?

CoStar Agrees to Change Homes.com Ads After Realtor.com Challenge

USA Real Estate News-RISMedia - Tue, 2024-07-09 12:46

CoStar has agreed to change some key advertising claims regarding its Homes.com residential portal amid a contentious back and forth with bitter rival Realtor.com®, following a recommendation from non-profit BBB National Programs (associated with, but independent from the Better Business Bureau) as both companies continue to battle viciously over metrics, measurements and market share. Realtor.com’s…

The post CoStar Agrees to Change Homes.com Ads After Realtor.com Challenge appeared first on RISMedia.

Fed Chair Jerome Powell Plays Coy About Rate Cuts in Senate Hearing

USA Real Estate News-RISMedia - Tue, 2024-07-09 12:24

Federal Reserve Chair Jerome Powell testified before the Senate Committee on Banking, Housing and Urban Affairs, mostly dodging questions about rate cuts while being pressed by lawmakers on housing affordability, inventory and a wobbly commercial real estate market. Powell struck a measured tone; he did not offer a timeframe on when the Fed might lower…

The post Fed Chair Jerome Powell Plays Coy About Rate Cuts in Senate Hearing appeared first on RISMedia.

Feds want to expand their control over real estate sales to foreigners

USA Real Estate News-Inman - Tue, 2024-07-09 12:06
A proposal would expand an existing rule and give the "Committee on Foreign Investment in the United States" power to review real estate sales near 56 military installations in 30 states.
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