Tag Archives: News Brief

‘The best tools in the market:’ RentSpree picks up 4 more MLSs

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Real estate agents who are part of MLSs in Rhode Island, Kansas, Idaho and South Carolina are now eligible to access the multitude of rental tools built by RentSpree. Continue reading →

The seller’s market is roaring back as buyers vie for limited inventory

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A “drought” of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow. Continue reading →

Miami Beach formally recognizes Pacaso’s co-ownership model

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Miami Beach officials passed an ordinance that approves co-ownership but requires the presence of a local property manager as well as adherence to a code of conduct, it was announced in April. Continue reading →

Soaring spring home prices are very real — and widespread: NAR

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For now, a seasonal surge in home activity has arrested falling prices in most U.S. markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors. Continue reading →

Action! CRMLS adds video manager WellcomeMat as partner

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WellcomeMat helps agents organize, publish and analyze video content performance. California Regional MLS welcomed the marketing add-on as a proptech partner. Continue reading →

‘Make the pie bigger:’ New York moves on 1st hotel conversion

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A struggling Hilton hotel, near John F. Kennedy International Airport, will be converted to nearly 300 affordable housing units, according to a plan unveiled last week by developer Slate Property group that was first reported by The New York Times. Continue reading →

CRMLS partners with Local Logic to offer market intelligence to agents

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The Local Logic tool will provide members of the California Regional Multiple Listing Service with critical demographic and economic intelligence on real estate markets around the country. Continue reading →

With ‘Leo’ launch, Real Brokerage latest to integrate ChatGPT

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Tech-forward real estate brokerage Real is known for its combination of in-house software development and third-party partnerships. That tactic continues with its latest integration of Open AI’s ChatGPT. Continue reading →

Offerpad narrows losses despite another quarter of falling revenue

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Following a dramatic Q4 in which the iBuyer posted losses of $121.1 million, Offerpad improved its net loss by 51 percent to $59.4 million in Q1 as it struggles to adapt to a shifting market. Continue reading →

Troubled real estate eyed as JP Morgan takes over First Republic

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Berkshire Hathaway Vice Chair Charlie Munger warned of “trouble ahead” for the U.S. commercial property market as federal regulators seized First Republic Bank early Monday morning. Continue reading →