A new report from Zillow shows home sales up 7% in July–the strongest annual gain seen so far this year–but a closer look at the data reveals newly pending listings are up just 0.3% year-over-year, suggesting that the summer sales bump won’t last. According to Zillow, July’s headline sales figure reflects contracts signed weeks earlier,…

The post New Report Shows Notable Rise in Home Sales in July but Expected to Slow appeared first on RISMedia.

Realtors Property Resource® (RPR) has announced it has been selected as the winner of the “Real Estate Analytics Platform of the Year” award in the sixth-annual PropTech Breakthrough Awards program conducted by PropTech Breakthrough, a market intelligence organization that evaluates and recognizes innovative real estate technology companies and solutions. RPR® brings nationwide property data, hyper-local…

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The world currently sits in the next age of technological revolution: AI. The rapid pace at which AI models and tools are popping up is only accelerating as the world embraces this next phase of its evolution. As AI continues to evolve and grow, so does its use in real estate. More and more agents…

The post The Fair Housing Question: Keeping Steering and Discrimination at Bay When Using AI appeared first on RISMedia.

Industry history says that if there’s one room in the house sellers should ensure is pleasing to the eye when buyers first take a look, it’s the kitchen. The last thing buyers want is to think it needs a total renovation. The good news is there are ways to improve it visually without spending big…

The post How Owners Can Make Kitchens Look Expensive Without Renovating appeared first on RISMedia.

As the war over private listings intensifies, Zillow and Compass (among others) are using dueling data reports and starkly different methodologies to make their respective cases in the courtroom—and in the court of public opinion. On July 24, Compass reported that pre-marketed homes that started as Private Exclusives or Coming Soons sold for 4.6% more…

The post How Dueling Real Estate Data Studies Are Shaping Private Listings Fight appeared first on RISMedia.

Mortgage rates remained relatively steady from last week, but an increase in home-purchase application activity after multiple weeks of decreases shows that homebuyers are getting accustomed to the current environment and responding to even slight rate decreases.  This week, the average 30-year fixed mortgage rate (FRM) decreased two basis points to 6.67%, down from 6.69%…

The post Mortgage Rates Remain Steady; Buyers Moving on Modest Decreases appeared first on RISMedia.

The Trump administration is reportedly looking at updating rules and limits around the capital gains tax limitations on home sales—a longstanding issue in real estate. On Fox Business recently, host and former National Economic Council director Larry Kudlow said he had spoken to President Trump about potential changes to capital gains taxes on home sales…

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Above, from left, Richard Haggerty, Matt Hendricks, Kim Harris Campbell, Todd Sumney and Chris Kelly From widespread portal expansion to new partnerships and collaborations, the traditional way of listing, marketing, buying and selling homes is evolving at warp speed.  In an upcoming session at RISMedia’s CEO & Leadership Exchange, being held Sept. 30-Oct. 2 at…

The post CEO Panel: The Listing Evolution and What It Means for Brokerage Business appeared first on RISMedia.

MoxiWorks has announced that RISE, its native-AI relationship intelligence platform, has integrated with Cloze, an AI-powered real estate platform. Brokerages using both platforms can now sync their contacts and activity between Cloze and RISE, giving agents back the time they’d otherwise spend keeping two systems aligned. According to a release, once synced, agents unlock access…

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While mortgage rates remain elevated, a slight retreat this past week drove home-purchase application activity up for the first time in several weeks.  The latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—shows mortgage application activity increasing this week 3.6% on a seasonally…

The post Slight Rate Drop Drives Mortgage Application Activity Upward After Weeks of Declines appeared first on RISMedia.