Consumer Tips

Consumer Confidence Retreated in February

After hitting a two-year high last month, consumer confidence fell in February to 106.7, down from a revised 110.9 in January, according to the latest data from The Conference Board. “The decline in consumer confidence in February interrupted a three-month rise, reflecting persistent uncertainty about the U.S. economy,” said Dana Peterson, chief economist at The…

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Century 21 Announces New Colorado Affiliation

Century 21 Real Estate LLC. has announced its latest affiliation in Colorado’s Front Range, CENTURY 21 Prosperity.  Based in downtown Denver, the firm was founded in October of 2022 by the entrepreneurial duo of William Lawrence and Kelvin Caiati, according to a release. In only a year, the firm managed to close hundreds of transactions…

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ERA Real Estate Publicizes 2023 Hall of Fame

Above, from left, Peter Hunt, Pat Hirsch and Pat Williams ERA Real Estate has announced three inductions into the ERA® Hall of Fame Class of 2023. The induction ceremony took place recently at the ERA brand’s Fuel 2024 International Conference in Nashville, Tennessee.  Established in 2013, the ERA Hall of Fame honors affiliated individuals and…

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The Current MLS Landscape: Driving Progress and Innovation

In the wake of the Burnett decision, copycat lawsuits are popping up across the country. There’s no denying that organized real estate is being challenged, but looking ahead, our motto is clear: Disruption only happens to the unprepared.  While the future of compensation hangs in the balance, being able to clearly and concisely communicate your…

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COURT REPORT: Judge Validates Buyer Claims; Ex-eXp Agent Responds to Assault Claims

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. In the wake of a revealing and foreboding intervention by the Department of Justice (DOJ) in a commission lawsuit settlement, the broader real estate industry is currently processing the increasingly stark prospect of…

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Case-Shiller: 5.5% Annual Home Price Gain in December, Following Similar November Increase

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.5% annual gain in December, up from a 5% rise in the previous month. The data released Feb. 27 for December 2023 also shows that 17 out of the 20 major metro markets reported month-over-month price decreases. …

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Big Brokerages Shift Gears in Latest Commission Suit Response

On Feb. 26 a handful of real estate giants, including Compass, Redfin, United Real Estate and Douglas Elliman responded for the first time to the oldest—and largest—Burnett copycat case, revealing how the industry has evolved in its legal strategies against allegations of price-fixing and conspiracy in the wake of a $1.8 billion judgment last year.…

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Offerpad Voices Optimism Despite Continuing Losses in Q4 2023

In a Q4 2023 earnings call Feb. 26, iBuyer Offerpad put a positive spin on negative news of a $15.4 million loss, down 23% from Q3 2023 and 87% down from a year ago, when the company lost $121.1 million. Offerpad’s overall 2023 net loss totaled $117.2 million, down from $148.6 million in 2022. “We…

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Rent Prices Consistently Declining, Drop to Start the New Year

January saw median rents drop for the sixth straight month, with year-over-year prices down -0.3%, according to Realtor.com’s January 2024 Rental Report. Renters are experiencing much-needed relief, although prices are still 18.3% higher than pre-COVID. There is strong demand for rental units, and not nearly enough of them accessible in markets across the country. The…

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Agent Empowerment Beyond the Verdict: Know Your Worth

The recent legal verdict involving the National Association of REALTORS® (NAR) has sent shockwaves across our industry, sparking concerns among brokers and managers. In a candid forum aimed at addressing these concerns and supporting agents through this turbulent period, I shared a crucial perspective: It wasn’t 8 million, 80,000 or even 80 people who decided…

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