The 2021 WAV Group Transaction Management Interoperability Study revealed brokers have strong interest in the ability for Digital Transaction Management systems to pass data seamlessly for the brokerages representing two sides of a transaction. Today, brokers have to enter data in as many as 9 or 10 systems, creating inefficiency, added cost and increased chances of inaccurate data.
CoreLogic publishes great industry data on the housing market. The first ever Hottest Cities annual report shows the top cities that are growing, where people are moving to, and how technology plays a leading role in the homebuying process. Take a look to see if your city is on the list!
As you may know, homebuilders are out of inventory and are now resorting to auctioning off homes that are not even built, with no guarantee that you will get the house you buy for that price if building materials go up. Kevin asked, "How long will homebuilders be out of inventory?" A long time, I replied. "Why do you think that?" he asked. I shared my answer and Kevin suggested that I share it in a post – so here you go.
A recent study conducted by WAV Group underscores the reason this collaboration is so important for the real estate industry. According to the study, nearly three-quarters of brokers and vendors said they want a centralized data licensing approval process with ONE standardized data licensing approval form.
Fair Housing Is Ultimately Local, Like Real Estate – National Association of REALTORS Declaration Must Trickle Down
Housing discrimination is a crime, punishable by federal fines exceeding $100k and other punitive measures, yet one that is still committed around the country even today. As NAR and the Urban Institute suggest, a first step in a solution framework to combat housing discrimination begins at the local level.
A notable portion of real estate industry vets-- agents or otherwise, report some form of legal background or experience. October Research released a report this month endeavoring to provide clarity on which markets operate under such regulations, and what correlation these answers may have to the connection between real estate and the law.
Redfin recently released a study about who supports housing density and who opposes it. The study found that homebuyers and sellers are nearly twice as likely to oppose the building of dense housing in their neighborhood than they are to support it.
Millennials say yes to extra space – patios and garage storage – but say no to wine cellars, golf courses, and pet washing stations. And for please sake, don't show them homes with the only shower stall in the master bath!
The Asian American and Pacific Islander community is America’s fastest-growing demographic. Sponsored by RE/MAX LLC and Freddie Mac, the “State of Asia America 2018-2019” report by AREAA is packed with insight into a community that too often goes overlooked in the real estate market.
WAV Group uses benchmarking tools like Hitwise® and ComScore® to study how brands in real estate accomplish the goal of reaching consumers online.