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Real estate heirs list one of America’s largest ranches for $142M after patriarch’s death  New York Post

A record 8.5 percent of all U.S. homes are worth $1 million or more, up from 7.6 percent last year and 4 percent before the pandemic, according to a new Redfin analysis. California is adding them faster than other states.

Real Estate Agent Fees And Realtor Commissions  Bankrate.com

Trust is the cornerstone of the agent-client relationship, but for some, it has been harder to come by these days due to the endless litigation the industry has been embroiled in.  For Peter Gustis, a Pennsylvania-based REALTOR® at Springer Realty Group, conversations about lawsuits and settlements have been unavoidable as he expresses concern about the…

The post NAR Settlement Objectors Discuss Opposition to Policy Changes appeared first on RISMedia.

Luxury auction expert Chad Roffers shares why luxury branded residences are becoming the latest way for high-end brands to bring their touch to every aspect of the luxe life.

Do you have an artificial intelligence strategy for your brokerage? As AI rapidly becomes more embedded into your agents’ smartphones, marketing tools, front office and back-office support systems, having an AI strategy for your brokerage is no longer optional.  Here are three things you need to know to stay ahead. Don’t sit on the fence:…

The post Brokers: What’s Your AI Strategy? 3 Things You Need to Know appeared first on RISMedia.

With all the recent media attention, by now most everyone is aware of major changes afoot in real estate this month. Commentary has run the gamut from the demise of the industry to real estate services in the future will now be essentially pro bono. Pardon if my words convey a dash of sarcasm yet,…

The post Op-Ed: New Rules Complicate, Reduce Choice, but We’re Ready as Always for Change appeared first on RISMedia.

Is Florida's Housing Market in Trouble?  Real Estate

The construction of new U.S. homes fell to a 16-month low in July, according to the Census Bureau and the Department of Housing and Urban Development (HUD) on Aug. 16. Factors likely influencing the result are Hurricane Beryl, an oversupply of new houses and high mortgage rates and home prices. The fifth consecutive monthly decrease…

The post Housing Starts Drop 14% in July; Hurricane, High Rates and Prices Likely Reasons appeared first on RISMedia.

The National Association of REALTORS® has issued a final reminder to members, real estate professionals and consumers that on Saturday, August 17, 2024, the practice changes following NAR’s settlement agreement that would resolve claims brought on behalf of homesellers related to broker commissions, will be implemented nationwide. According to a release, REALTOR® MLSs (those owned…

The post National Association of REALTORS® Provides Final Reminder on New Practice Change Implementation appeared first on RISMedia.

Homebuilder confidence slipped in August as the housing market grapples with affordability headwinds and buyer skittishness amid high interest rates and home prices, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Thursday. The index, which measures builder sentiment, dipped two points to 39 in August from a…

The post Builder Confidence Slumps in August as Low Affordability Plagues Homebuyers appeared first on RISMedia.

Nearly 1 in 10 homes in the US are worth $1 million or more — a record high  The Independent

Mastering a niche makes you more valuable in the eyes of consumers, senior real estate expert Nikki Buckelew writes, and it will make selling real estate a far more interesting and enjoyable career.

Two days before the implementation of new cooperative compensation rules, Redfin CEO Glenn Kelman explained what the changes will mean for consumers and the industry at-large.

Study: Germany one of priciest markets for real estate in Europe  MSN

Closing a deal for your client feels like crossing the finish line, but there’s always the potential for the contract to fall through somewhere along the way.  Bright MLS, the second-largest multiple listing service covering the Mid-Atlantic region, wanted to know how concerned REALTORS® should be about this—a question that drove its recent report, “Getting…

The post Are We Seeing More Contracts Fall Through? appeared first on RISMedia.

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

A record share of U.S. homes are worth $1 million or more. See which cities have the most.  CBS News

Study: Germany one of priciest markets for real estate in Europe  Yahoo Finance

Not many real estate executives can offer a more comprehensive and expert overview of the compliance implementation starting today, Aug. 17, as Sue Yannaccone, president and CEO of Anywhere Brands and Anywhere Advisors. She is responsible for overseeing both company-owned brokerages and franchise operations across Anywhere’s six brands, including Better Homes and Gardens® Real Estate,…

The post Anywhere Brands CEO Delves Deep as the Industry Starts Day One of the New Normal appeared first on RISMedia.