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Today’s Top Story Archive


Housing’s Share of GDP: 15.5 Percent for the Second Quarter

Housing is an important source of economic growth. As of the second quarter of 2014, housing’s share of gross domestic product (GDP) was 15.5 percent, with home building and remodeling yielding 3.1 percentage points of that total. ...


Months’ Supply of New Homes at Lowest Level Since June 2013

The August increase of the pace of new home sales pushed the months’ supply measure of inventory to its lowest level in more than a year. ...


You Can’t Take It with You: How Brokers Should Prepare for Their Exits, and Why Most Still Don’t

Their assumptions about the value of their business and ability to find buyers or management replacements can be overly optimistic. At 71, Ed Krafchow still has some unfinished business. ...


New Home Sales in August – Back on Track

In a joint release the Census Bureau and Department of Housing and Urban Development reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 504 thousand in August, up 18 percent from July and 33 percent from August ...


CEO Exchange Exclusive: Core Values and a Great Culture, the Keys to Recruiting and Retaining

All real estate brokerages want to be successful, but in order to meet their goals and go beyond, they must first increase the success of their producers, according to the “Arming your Forces: Recruiting, Retaining and Motivating Must-haves” panel at RISMedia’s 2014 CEO Exchange. Moderated by RISMedia President & CEO ...


August Existing-Home Sales Lose Steam

As cash investors pull away from the housing market, August's existing home sales also slipped, according to the National Association of REALTORS®. This decline follows four consecutive months of impressive gains. Sales increases in the Northeast and Midwest were outweighed by declines in the South and West. ...


CEO Exchange Exclusive: 2015, the Year of Regulatory Enforcement—and What It Means for Brokers

In a real estate environment that’s often restrained by the legislative and regulatory climate in Washington, many brokers are finding it difficult to fully regain their footing post-downturn. ...


Agent Teams: A Winning Model (or Not)

Real estate agent teams started over a decade ago, and they are stronger than ever. When done right, they can be a win-win-win for all parties. Clients are provided with immediate information, accessibility and service. Brokers see high-quality business growth. Agents are ...


45 Percent of Buyers Use Open Houses as Key Part of Home Search

According to the 2013 National Association of REALTORS® Profile of Home Buyers and Sellers, 45 percent of buyers used open houses as a key part of their home search. Facts from the NAR surveys to home buyers say almost half of all home ...


CEO Exchange Exclusive: Master Real Estate Marketers Reveal Their Winning Campaign Tactics

With more options than ever for today’s homebuyers and sellers, appealing to a diverse clientele with a one-size-fits-all marketing plan just won’t cut it. On day two of RISMedia’s CEO Exchange, the industry’s master marketers revealed the campaigns they used to separate themselves from the pack. ...


FHA Fees Are Holding Back First-Time Homebuyers

Editor’s Note: This article originally appeared on AmericanBanker.com. In recent testimony before Congress, Federal Reserve Chairwoman Janet Yellen confirmed what many aspiring homebuyers have known for several years. "It has now become the case that any borrower without a pretty ...


U.S. Waterfront Home Values Twice as High as Overall Home Values

Nationwide, the typical oceanfront or lakefront, single-family home is worth more than double the median value of all homes, and in some communities the median waterfront house could be worth ten or more times the median value of ...


What NOT to Do: Industry Leaders Reveal What They Learned from Their Biggest Mistakes at RISMedia’s CEO Exchange

Any successful real estate professional will tell you that the work they do never ends. And really, it never ends. For those in real estate, striving to improve isn’t some lofty goal—it’s a necessity. ...


U.S. Foreclosure Activity Increases 7 Percent in August but Overall Down from Last Year

RealtyTrac® recently released its U.S. Foreclosure Market Report™ for August 2014, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 116,913 U.S. properties in August, an increase of 7 percent from the previous month but still down 9 percent ...


Final Push on 3 Percent Cap on Fees and Points

In June, the House of Representatives passed H.R. 3211, “The Mortgage Choice Act,” which addresses discrimination against affiliate businesses in the calculation of fees and points under the Qualified Mortgage (QM) safe harbor. H.R. 3211 and its Senate companion, S. 1577, are ...


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