Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. New York City passes tax on luxury-valued second homes New York City has enacted a new tax aimed at luxury second homes. The “pied-à-terre” (French for “foot on the ground,” and used in reference…
Another state joins the handful that have opted to restrict private real estate listings, a move that itself reflects a larger conflict within the industry. Weeks after Compass and Illinois-based MLS Midwest Real Estate Data (MRED) announced plans to take the latter’s private listing network nationwide, Connecticut Governor Ned Lamont has—as of May 27—signed into…
Those watching the housing market received cause for potential optimism. Berkshire Hathaway—the parent company of Berkshire Hathaway HomeServices—has announced the acquisition of homebuilding giant Taylor Morrison for $6.8 billion. In the announcement, Berkshire Hathaway CEO Greg Abel said that: “We are excited to welcome Taylor Morrison into Berkshire’s portfolio, reflecting our long-standing commitment to housing,…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. As of Thursday, May 28, mortgage rates remained elevated compared to past months, but still fell to their lowest point since May 14. However, the overall elevated stature has seen mortgage application activity decrease…
Antitrust has been a loaded topic in real estate since at least the commission lawsuits of the 2020s that alleged many foundational rules and practices in real estate violated antitrust laws, and the Department of Justice (DOJ) launching its own parallel inquiry. Now, federal agencies are looking to review and revise existing antitrust guidelines, the…
Private listings and networks remain a hot-button issue in real estate, one where sharp lines are being drawn—with MLSs playing a critical role. Recently, Compass announced a partnership with Midwest Real Estate Data (MRED) to bring that MLS’s private listing network nationwide. Other MLSs, such as Tennessee’s Realtracs, have also gone national, even if the…
Consumers’ view of the U.S. economy has been shaped by the ongoing conflict between the U.S. and Iran, which has boosted inflation in large part due to rising energy prices. The uncertain timeline for an end to the conflict has in turn led to an uncertain economic outlook, including by those at the Federal Reserve.…
The economy has seen numerous challenges over the past few months, from a soft but improving labor market to high inflation. The latter, largely attributed to the ongoing U.S.-Iran War and resulting energy price spikes, has also driven mortgage rates upward, and the Federal Reserve has signaled willingness to increase interest rates if inflation continues…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. ROAD to Housing Act back on the table An amended version of the housing omnibus bill currently known as the 21st Century ROAD to Housing Act has once more passed the House of Representatives.…
The ongoing conflict between the United States and Iran has caused inflation to increase; energy prices most recently boosted annual inflation to a three-year high of 3.5%. If inflation continues to rise, then the Federal Reserve board expects they will have to hike interest rates as an offset, based on revelations in the latest meeting…
While you as the seller’s agent or broker understand all the intricacies and strategies of working a listing, your clients very likely are first-timers, vulnerable to emotions and worrisome opinions precisely because they don’t have prior experience. Read more.
