Value of promoting sustainability in listings keeps falling, Realtors say

An Inman analysis of NAR data on residential sustainability over the past seven years reveals that fewer agents and brokers believe touting energy efficiency in listings elicits meaningful results. Continue reading

REACH turns 10: Inside the NAR tech accelerator’s success rate

Since the accelerator launched a decade ago, 80 companies have graduated from the program, according to an Intel analysis. More than 75 percent are still in business and approximately 20 percent have been acquired. Continue reading

Pending home sales end 3-month streak of upticks in dismal March

The Pending Home Sales Index dropped by 5.2 percent in March to a reading of 78.9 — 23.2 percent lower than March 2022 levels, according to data released by the National Association of Realtors. Continue reading

After isolated uptick, existing-home sales shift gears in March

Existing-home sales fell 2.4 percent in March to a seasonally adjusted annual rate of 4.44 million — 22 percent lower than a year earlier, according to data released Thursday by the National Association of Realtors. Continue reading

NAR selects 7 firms for its US real estate tech program, REACH

Flock, HighNote, Plus Platform, Prisidio, Real Grader, Summer and Tongo are the 11th class to participate in Second Century Ventures’ REACH program, according to an announcement Tuesday. Continue reading

LGBTQ+ Real Estate Alliance takes ‘Article 10 Rule’ campaign to Texas

In the wake of increasing anti-LGBTQ+ legislation in Texas, the LGBTQ+ Real Estate Alliance has called Texas Realtors and TREPAC to evaluate political candidates’ credibility. Continue reading

Joint venture owned by CRMLS, Bright begins selling MLS data 

REdistribute aims to aggregate and distribute data for MLSs and participating brokers, sell it to institutions — including government-sponsored entities — and share the revenue with brokers. Continue reading

Ouster of Residential Real Estate Council president raises questions

The Residential Real Estate Council removed Pam Ruggeroli from her position for reasons the trade group will not disclose, prompting an outpouring of support for the ousted president. Continue reading

Home staging dips in popularity as fewer agents make the effort: NAR

The National Association of Realtors’ 2023 Profile of Home Staging reveals a quarter of all staging efforts yield additional profits of up to $18,935 for a median-priced home. Continue reading

‘Stop arguing and start adjusting’: Agents react to class-action ruling

From “NAR is toast” to “don’t make any rash decisions,” real estate agents, executives and thought-leaders offered their thoughts on the explosive Moehrl class certification ruling Wednesday. Continue reading