Aivre hires Restb.ai, cuts appraisal time by half

Appraisal software company Aivre has hired computer vision company Restb.ai to help expedite its customer solution. A company case study found the software resulted in 50 percent time savings per appraisal. Continue reading

FirstTeam kicks off nationwide expansion in Idaho and Washington

FirstTeam Real Estate, an independent brokerage with roots in Southern California, is taking its success nationwide. The firm recently announced the launch of its nationwide expansion, starting with new offices in Idaho and Washington. More markets are… Continue reading

Real Brokerage fires Michelle Ressler, appoints Ravi Jani CFO

Since joining Real, Ravi Jani has had a big hand in driving the company’s financial strategy and growth. During his tenure, the company’s agent network has grown from 12,000 to over 27,000 agents. Continue reading

Home-sale prices dipped in 11 metros as buyers show caution

As of April 20, home-sale prices fell across 11 U.S. metro areas, marking the first time this many markets have seen year-over-year declines since September 2023, data released Thursday by Redfin found. Continue reading

Existing-home sales fall to slowest pace since 2009 amid rising costs

Existing-home sales decreased by 5.9 percent from February and by 2.4 percent from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun. Continue reading

Infinityy and beyond: Miami Realtors inks AI marketing deal

Miami Association of Realtors has hired Infinityy, a software company that builds out graphically enriched and interactive browser-based AI “Rooms” for presenting properties in either the residential, multifamily or commercial real estate environments. Continue reading

Rechat bolsters digital media mix with ad builder

Marketing software company Rechat has rolled out a significant update to its list of product features, a solution to the complicated process of running online display ads. Continue reading

New-home sales beat expectations in March — by a long shot

The surge in sales was a welcome positive sign during a tenuous period for the U.S. economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows. Continue reading

Ex-First American CEO entitled to $18M following cruise ship brawl

First American Financial Corp. terminated CEO Kenneth DeGiorgio “without cause” on April 10 after authorities charged the title insurance veteran with misdemeanor assault aboard a cruise. Continue reading

LA agent caught smuggling 164 pounds of cocaine in Chicago

Jerome Nalbandian was caught toting four roller bags stuffed with 164 pounds of suspected cocaine through Chicago’s Union Station. Cook County Circuit Court Judge Deidre Dyer commented, “Wow. That’s a lot.” Continue reading