Is there anything more depressing for a real estate professional than seeing a For Sale By Owner sign planted in a front yard? Not only does it mean no commission but there is also the subtle hint that your services are not required in order to sell the property. You know it’s not true. If…
Above, Michael Nourmand and Martha Mosier The various challenges facing the residential real estate industry over the last few years—high mortgage rates, limited inventory, lawsuit-related commission issues, etc.—certainly must seem fairly insignificant compared to what Los Angeles-area brokerage executives now must face with the still-raging fires causing incalculable physical damages and threatening the very livelihoods…
As tragic and horrifying as the fires consuming homes and other buildings in various areas of greater Los Angeles have been for everyone across the country and around the world to behold, there’s perhaps an even deeper poignancy for those in the real estate industry. Agents and brokers whose careers are built around helping to…
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1%, the U.S. Bureau of Labor Statistics reported December 10. Employment trended up in healthcare, government and social assistance. Retail trade added jobs in December, following a job loss in November. The unemployment rate changed little at 4.1% in…
In a move to improve its image publicly and within the real estate industry after experiencing several difficult situations over the past few years, the National Association of REALTORS® (NAR) last month hired Uncommon Creative Studio New York as its creative agency of record. Following the Burnett trial that resulted in a $418 million settlement,…
As we bid adieu to the listless 2024 residential real estate market, will business boom for you in 2025? With a new presidential administration and improved economy, homeowners who have made impressive equity gains may finally decide to move for various reasons, easing inventory woes. As such, here are four new homebuyer trends for the…
It’s almost time for President-elect Donald J. Trump to simply become President Trump, and start implementing his agenda. RISMedia recently explored how real estate industry experts see Trump’s return to the White House impacting housing, while Realtor.com® has opined on whether there will be a “Trump bump” for housing in 2025. But what about the…
Longtime residential real estate professionals have all been through normal business cycles, with the same ups and downs most other industries experience as well. But with 2025 getting underway, there are no real similarities to the one-two punch of the last few years that greatly impacted sales. First, in 2020, the Covid-19 pandemic affected practically…
In an escalating dispute between the National Association of REALTORS® (NAR) and Phoenix Association of REALTORS® (PAR) that seems to grow more intense by the day, NAR is now apparently planning action to revoke PAR’s charter over its refusal to cease and desist allowing agents and brokers to access listing services without NAR membership. In…
In a letter to the National Association of REALTORS® (NAR) December 23, lawyers for the Phoenix Association of REALTORS® (PAR) said the organization will not accede to NAR’s demand to withdraw its new MLS Choice offering. “PAR has experienced more and more real estate professionals interested in obtaining the products and services they value for…
If you’re only talking to people you’ve already done business with, then that could limit or even shrink your network of active business. Read more.
