Today the National Association of Realtors released its annual Technology survey of members, one of my favorite yearly research studies. With over 2,400 responses, it provides excellent insight into how tech innovations are impacting the real estate business now and in the future. Not many surprises, but this new research confirms the acceleration of tech adoption as one positive factor fueled by the pandemic. Here are some quick highlights: -eSigning rules: Looking back at the last 12 months, respondents ranked eSignatures as the most impactful tech tool (79%), with lockboxes (67%) and local MLS apps/technology (67%) tied for second place. [...]
MoxiWorks is a real estate industry titan, serving 800 brokerages and their 400,000 agents, connected to over 500 MLSs and 150-plus tech partners. Today, zavvie announced integration with MoxiWorks, making its white label marketplace for brokerages and vastly expanding its ability to offer iBuyers and Power Buyers solutions with the addition of MoxiWorks powered brokerages. zavvie integrates with MoxiPresent, known as the easy-to-use, feature-stuffed, and ultra-versatile real estate presentation builder. MoxiPresent can now showcase instant iBuyer offers for sellers and information about Power Buyers, including “cash offers” and “buy before you sell” modern bridge solutions for buyers and current homeowners. [...]
By now, you likely know that the Broker Public Portal and Homesnap have dissolved their joint venture. Much in the way that social media sites should hold true to limiting algorithm advertising and display all of my friend's feeds, the Broker Public Portal will display every listing and are committed to being ad-free.
This week, Zillow announced that Stan Humphries is retiring. He is an economist and the person that some have called the father of the Zestimate. The primary reason we looked at Zillow’s financial history today was in reference to this change in leadership.
In a joint press release, the CALIFORNIA ASSOCIATON OF REALTORS® (C.A.R.) and Rental Beast announced they are partnering up to launch a California statewide rental search site. The plan is for the state to sponsor the program that invites REALTORS®, brokers, and their MLSs to collaborate on delivering the most comprehensive rental search serving consumers across the state, and America.
California Legislature Approved 4 New Bills to Support Building Millions of Units of Affordable Housing in Commercial Corridors
California, like many states, suffers from a lack of affordable housing. According to the California Department of Finance, the median price of a single-family home in May 2022 in California was $898,980, up a significant 1.6% over the previous month and an increase of nearly 10% over the same time last year. AB 2097, amounts to a statewide boost to residential and commercial development near public transit. The bill prohibits local municipalities from imposing any minimum car parking requirements for projects located within a half mile of metro, bus, or other transportation centers. AB 2221, incentivizes ADU(Accessible Dwelling Unit) construction by clarifying rules around “granny flats”. Under existing law, developers are allowed to add the units only to existing multifamily buildings. AB 2221 extends that allowance to proposed projects. It also clarifies local agencies’ timelines for approving ADU, or accessory dwelling units, projects and raises certain height limits, and other changes.
North Carolina Regional MLS has created an impressive and unique alternative to the data share models promoted by other MLSs. Through NCRMLS’s wholesale cooperative model, they have proliferated in North Carolina and now reach into southern Virginia with their latest announcement. What’s the big buzz? Jody Wainio, the current President of NCRMLS, explains the significant advantage of their wholesale cooperative model is that it brings everyone under one set of rules. It also ensures data integrity and fosters broker cooperation. But, most importantly, it eliminates duplicate MLS memberships and the accompanying fees. The data share models, Jody says, “can have [...]
At WAV Group, we take great pride in selectively adding only seasoned and highly successful real estate veterans to our team to deepen the support and counsel we can provide. We consistently seek ways to enable our clients to achieve their dreams of highly differentiated brands that deliver relevance, growth, market share dominance and profitability. Mark A. McLaughlin delivers on all of those traits - and more.
Managing Partners Marilyn Wilson and Victor Lund are joined by WAV Group Communications President, Kevin Hawkins and PR and Communication Strategist, Myra Jolivet in this year’s exclusive group of industry leaders who have made newsworthy contributions to the real estate industry.
If you did not catch this release yesterday - it's worth a look if you are a broker, title company, or mortgage company. MooveGuru is one numerous companies who are developing services for homeownership that are provided by brokers, title companies, and mortgage companies to consumers.
A humble customer servant; Kathy goes to the mat for her brokers everyday - driving home technology innovation and business-friendly policies, training and support. She is a joy to work with and has found a winning way for a privately-owned MLS to work productively with NAR policies and programs. So well-deserved! Hats off to you Kathy!
With the hottest real estate market in history, many REALTORS® and clients have lost thousands of potential transactions and billions of dollars in value. REALTORS® are in desperate need of our help to get their families to safety and then to begin the expensive and arduous task of re-building their homes and their businesses.