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Realogy, Keller Williams are latest to test iBuyer service

More national brokerages have announced plans to join other real estate firms like Zillow and Opendoor in piloting an instant-offer home listing service, often known as iBuying. On Sept. 25, Realogy, which owns major residential brokerages like Coldwell Banker,

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NAR names new marketing, government affairs leaders

The National Association of Realtors announced new additions to the senior leadership staff of its marketing and government affairs divisions. According to an Oct. 2 press release, the association named Victoria Gillespie as chief marketing and communications officer, effective immediately,

Fewer homes selling above list price since June

As home price growth slows, the percentage of homes that are going for above their asking price is decreasing. For the four weeks ending on September 23, Redfin found that only 22.9 percent of the homes sold for more than their asking

Carolyn Block Ellert buys out Sunshine Group colleague Laurie Ingber

Carolyn Block Ellert, co-founder of Premier Sales Group, bought out her business partner Laurie Ingber of Sunshine Group to become the full owner of the brokerage. Ellert declined to disclose terms of the buyout, but commented she was looking

Report: Gender and racial inequality continues to impact housing affordability

While housing is still affordable on a national level, growth in household income is decelerating while gender and racial gaps persists. A new study by Free and Clear looked at data provided by the Census Bureau’s 2017 household income report

Homeowners feeling more confident in the economy, ready to sell

As home prices continue to rise across the country, homeowners appear ready to sell their homes. A record 77 percent of Americans believe that now is a good time to sell their home, according to the National Association of

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Brown Harris Stevens Miami launches commercial division

In efforts to compete with other South Florida brokerages, Brown Harris Stevens Miami launched a commercial real estate division. With this new focus, BHS Miami looks to buy office, retail and development sites, The Real Deal reports. Phil Gutman,

Real Estate In Brief: Rising interest rates, the smart home market and more

The Federal Reserve attempts to regulate accelerated inflation by raising interest rates for the third time this year, as reported by HousingWire. The Fed’s key rates have increased by .25 percent, to a current total of 2.25 percent. This rate hike is now the eighth since 2015, as

Sen. Warren introduces $450 billion bill to fund housing affordability

Massachusetts Senator Elizabeth Warren introduced an expansive bill to Congress Sept. 26 that would fund a wide spectrum of initiatives to bolster housing finance and enable more Americans to become homeowners. Called the American Housing and Economic Mobility Act

Linda Bright joins Illustrated Properties in Palm Beach

Linda Bright, formerly a luxury real estate specialist at The Fite Group, is joining Illustrated Properties as it expands its reach into the high-end market in and around Palm Beach. Bright has more than 25 years of experience and

This Week in Miami Real Estate: Amendment 2, Coconut Grove construction and more

The Amendment 2 is for Everybody PAC gained a $4-million-dollar boost after the Florida Association of Realtors donated the amount, according to state campaign finance records reported by Florida Politics. The PAC has spent about $5.3 million, which includes

What homebuyers, sellers with children are looking for from their agent

There is no one-size-fits-all way to help people buy and sell homes. Depending on what stage of life they are in, the needs and preferences of the client will change entirely. Buying or selling a home can be a

Pending home sales continue to see declines

Pending home sales fell for the eighth straight month on an annual basis, according to the August report from the National Association of Realtors. The Pending Home Sales Index dropped 1.8 percent from July’s 106.1 to 104.2 in August,

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South Florida agent sues NAR, Move Inc. over unsolicited text messages

A South Florida agent is suing NAR and Move, Inc. because of unsolicited text messages that she received through Realtor.com. In the class action lawsuit, Courtney Silverman alleges that “in their persistent efforts to advertise and solicit business, defendants,

Homebuyer traffic remains strong despite slight slowdown

Realtors across many states reported slower homebuying activity in August as the Realtors Buyer Traffic Index fell to 57 from 69 in August 2017, according to the August 2018 Realtors Confidence Index Survey. Homebuying activity in the country is

Housing legislation struggles through Congress

The cost of living in a home has outpaced the wage growth of the average U.S. citizen, and is becoming an urgent concern for millions. Apartment List found that housing affordability is a determining factor for the quality of life for

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