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Real Estate News

Two smartphones float in front of a modern house, displaying property photos and listing prices on the screens.

Real Estate News

From Passion Project to Hate Mail: The Real Story Behind the New York Listing that Went Viral on TikTok

Learn the real story behind the viral TikTok of a Beacon, NY listing—and how it can open up conversations for the real estate industry at large.

July 26, 2023

Real Estate News

Impending Disaster or Wake-Up Call: What’s Behind the Commission Lawsuit Trials?

With a commission lawsuit trial scheduled for October, BrightMLS is breaking a NAR policy requiring an amount higher than zero in the cooperative compensation field for property listings. Their goal is to improve transparency in agent-client communications.

July 25, 2023

Bold, gritty 'EXPOSED' text over a pile of rusted junk and scrap in a cluttered yard

Real Estate News

Rental Junk Fees Exposed: How the Biden Administration and Zillow are Promoting Transparency

As the newest part of his crackdown on “junk fees,” President Biden has targeted hidden rental costs that put additional strain on renters. In full support of these efforts, Zillow has introduced a new tool designed to improve rental cost transparency.

July 21, 2023

Vintage map of the United States with an orange report card folder laid over it, suggesting a geographic report or assessment tool used for evaluation.

Real Estate News

50 State Report Card on Affordable Housing Policies

The BlueGreen Alliance Foundation created a 50 state report card on affordable housing policies, grading every state, plus three cities, on their performance with three funding-dependent criteria: Healthy Building, Energy Efficiency, and Racial Equity.

July 21, 2023

Real Estate News

Rising Sales Volume, Repeat Clients & Referrals: Takeaways from NAR’s 2023 Member Profile

The National Association of Realtors® (NAR) released its 2023 Member Profile, with 32% of Realtors® pointing to low inventory as the primary obstacle facing homebuyers in 2022.

July 14, 2023

Person wearing a black suit and white gloves, hands folded in front.

Real Estate News

The Real Threat to Real Estate: Quality of Service, Not Marginal Agents

The Consumer Federation of America (CFA) issued a report titled, “A Surfeit of Real Estate Agents,” identifying “marginal agents” with five or fewer sales per year as the number one threat to the industry.

July 13, 2023

Hot Sheet

Active Inventory Dips Below 2022 Levels: Hot Sheet Recap July 3rd – 7th

his week’s Hot Sheet recap includes updates on active housing inventory, mortgage demand, the Fed’s meeting minutes, and other industry news covered by Byron Lazine for the week of July 3rd-7th.

July 8, 2023

Person walking a tan dog on a blue leash along a bridge with a metal railing.

Real Estate News

Let’s Take a Walk: The Demand for Walkable Communities

According to NAR’s Community & Transportation Preferences Survey, 79% of respondents want to live in a walkable community, with the majority also willing to pay more living within walking distance of restaurants, shops, and transit.

July 7, 2023

Two young men outside at night; one with a beanie lights a cigarette for the other beside a car.

Lifestyle

The Real Estate Industry is Ranking High (Literally)

According to a Gallup poll, a growing number of Americans admit to smoking marijuana. In addition, Quest Diagnostics found a record share of workers testing positive for cannabis during drug screenings, with the real estate industry ranking 4th for marijuana positivity rates.

July 6, 2023

Hot Sheet

Jerome Powell’s Testimony on the Housing Market: Hot Sheet Recap June 20th – 23rd

This week’s Hot Sheet recap includes updates on Jerome Powell’s testimony, the increase in builder sentiment, the fate of commercial real estate, and other industry news covered by Byron Lazine for the week of June 20th – 23rd.

June 24, 2023

Middle-aged man in a green shirt and tie sits at a cluttered office desk with papers and folders around him, wearing glasses and a name badge.

Real Estate News

Mortgage Professionals Living Paycheck to Paycheck

Sixty percent of mortgage professionals are living paycheck to paycheck according to the 2023 Mortgage Industry Commission & Retention Report, based on a survey conducted by Everee. Over 31% plan to leave the industry in the next 12 months.

June 19, 2023

Hot Sheet

What Jerome Powell Says About the Housing Market: Hot Sheet Recap June 12th – 16th

This week’s Hot Sheet recap includes updates on the Fed’s decision about rate hikes, what Jerome Powell had to say about the housing market, and other industry news covered by Byron Lazine for the week of June 12th – 16th.

June 16, 2023