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Tag: Realtor.com

Listingly: Making Traditional Realtors Obsolete
Real Estate News

Listingly: Making Traditional Realtors Obsolete

  BOCA RATON, FLA./ MAY 14, 2019 (STL.News) Listingly, the nation’s first Virtual Realtor service, is using technology to create a transparent marketplace that is challenging the very existence of big-box brokerage firms like Coldwell Banker, RE/MAX and Century 21. “Every idea starts with a problem. Ours was simple: Realtors are too expensive. We were homeowner’s trying to sell our house and were stuck having to choose between selling FSBO or with an expensive Realtor. Given that the Realtor’s MLS is where most homes get sold, we had no choice.” says Michael Talkow, Esq., Co-Founder and CEO of Listingly. The rest of us had similar experiences, and we were amazed that in an era where technology can accomplish more than our grandparents could ever have imagined, there was no better ...
Pending Home Sales Climb 3.8% in March
Real Estate News

Pending Home Sales Climb 3.8% in March

  WASHINGTON/ April 30, 2019 (STL.News) Pending home sales rose in March, reversing course from a month prior, according to the National Association of Realtors®. Three of the four major regions saw growth last month, as the Northeast reported a minor slip in contract activity. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, increased 3.8% to 105.8 in March, up from 101.9 in February. Year-over-year contract signings declined 1.2%, making this the 15th straight month of annual decreases. Lawrence Yun, NAR chief economist, noted that pending home sales data has been exceptionally fluid over the past several months but predicted that numbers will begin to climb more consistently. "We are seeing a positive sen...
Existing-Home Sales Slide 4.9% in March
Real Estate News

Existing-Home Sales Slide 4.9% in March

  WASHINGTON/ April 22, 2019 (STL.News) Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors®. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9% from February to a seasonally adjusted annual rate of 5.21 million in March. Sales as a whole are down 5.4% from a year ago (5.51 million in March 2018). Lawrence Yun, NAR’s chief economist, anticipated waning in the numbers for March. “It is not surprising to see a retreat after a powerful surge in sales in the prior month. ...
Survey: Americans Think Real Estate Commissions Are Too High and Wish There Was An Alternative to Working With An Agent, Such as Richr
Real Estate News

Survey: Americans Think Real Estate Commissions Are Too High and Wish There Was An Alternative to Working With An Agent, Such as Richr

  MIAMI/ APRIL 02, 2019 (STL.News) Results from a new survey conducted online by The Harris Poll on behalf of Richr found that over 7 in 10 of Americans (72%) think real estate commissions of 6 percent (i.e. $6,000 per $100,000 of home value) are disproportionately high compared to the amount of effort required to sell a home, and (75%) believe real estate agents should lower their commission since new technology makes their jobs easier. As a result, a majority of Americans (74% percent) would like there to be alternatives to traditional real estate agents. Older Americans (76% of those ages 55 and older vs. 69% of those 18-34) and those who have higher incomes (76% of those with a total household income of $100k or more vs. 70% of those who make less than $50k) are more likely to ...