Real AI: AI and driverless cars (or not), AI fast facts and top AI headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 12 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. AI and driverless cars: Is AI failing the trust test? Cruise, the autonomous taxi firm backed by GM, is in trouble, The Hustle reports. This is despite the announcement by GM a couple of weeks ago that it is partnering with Honda to launch its robotaxi service in Japan by 2026. Cruise also plans to expand [...]

By |2024-03-18T12:38:02-07:00November 10th, 2023|Artificial Intelligence, News, PropTech, Real Estate Technology, Research, Technology|0 Comments
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Real AI: 2024 The Year of AI, AI fast facts and top headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 10 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. 2024: The Year of AI The accelerated growth we are seeing and experiencing in artificial intelligence continues to be unlike any other game-changing technology ever. When it comes to Generative AI and Large Language Models, it’s just a baby about to turn into a teenager. If you think AI in 2023 has been incredible, just wait [...]

By |2024-03-18T12:36:43-07:00October 27th, 2023|Artificial Intelligence, Industry Observations, PropTech, Real Estate Technology, Research, Technology|0 Comments
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How Does the Offer of Buyer’s Compensation Impact Broker Recruiting?

Know your worth and understand that the percentage of broker dollars is highly impacted by the commission offered by the seller to the listing and buyer’s agent.

By |2023-09-13T16:59:35-07:00September 14th, 2023|Broker-Agent Information, Business Intelligence, Our Services, Research|0 Comments
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Navigating Multiple Bids and Fair Housing: Insights From WAV Group’s Latest Survey

Recently, WAV Group conducted a survey targeting individuals who embarked on the journey to purchase a home. This survey aimed to explore their experiences in the context of Fair Housing. Here are some preliminary findings from the study, with the complete results are available in the Fair Housing Survey Report now avaialable.

By |2023-09-19T13:06:23-07:00September 13th, 2023|Research, Suveys and Research, WAV Group Research|0 Comments
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WAV Group Consumer Migration Study: Consumers who moved during the Pandemic are staying put.

The COVID-19 pandemic brought about significant changes to our lives, reshaping the way we work, socialize, and even where we call home. As remote work became the new norm, many individuals seized the opportunity to reassess their living situations and make a move. In this study, we aimed to explore migration patterns during the pandemic and understand the factors influencing relocation decisions. The Boomerang Effect: Relocating Back to Pre-Pandemic Homes? In our initial hypothesis, we postulated the existence of a boomerang effect, suggesting that individuals who had moved during the pandemic might eventually change their minds and desire to return [...]

By |2023-06-22T07:26:26-07:00June 22nd, 2023|Research, Suveys and Research, WAV Group Research|0 Comments
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NNRMLS study reveals that properties promoted on the MLS sell for more than off-MLS homes on average.

On average, a listing on the multiple listing service yielded a 17% premium in sales price over similar properties sold off-MLS independent of other variables. For a typical home, this resulted in a $55,250 increase in sales price. This study is consistent with studies conducted in other markets as well. It makes sense that a property promoted by hundreds of IDX feeds enabled by the Multiple Listing Service, plus the exposure to the most qualified network of industry professionals in the local MLS region would generate the most buyer interest.

By |2023-05-02T08:30:38-07:00May 2nd, 2023|MLS, MLS Insights, Press Releases, Research|0 Comments
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Not all Consumers Believe Commissions are a Mystery

Reading the disturbing news about yet another Class Action Lawsuit facing our industry is upsetting to all of us, needless to say. For those that are losing sleep over the implications of the potential outcomes of these lawsuits to their bottom-line, I thought you might want to read a bit of reassuring news, directly from consumers.

By |2023-04-11T07:34:43-07:00March 30th, 2023|Broker-Agent Information, Industry Observations, Research|0 Comments
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WAV Group Releases 2023 Brokerage Technology Study

In today’s fast-paced real estate market, technology has become a crucial component of broker success. WAV Group’s 2023 Broker Technology Study captured broker technology usage patterns and their perceived impact on business and agent success.   Technology plays a significant role in the success of brokers and MLSs in today’s real estate market. While brokers are generally supportive of their technology stacks, they do believe that technology is not being leveraged to its fullest extent. There is room to better promote why and how agents will benefit if they fully embrace technology offered by their brokerage. 

By |2023-03-28T11:35:35-07:00March 28th, 2023|Broker Information, Broker Technology Research, Real Estate Technology, Research|0 Comments
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New 2022 Realtor Tech Survey Reveals Advances, Shortcomings

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. [...]

By |2022-10-31T11:11:11-07:00November 1st, 2022|Announcements, Broker-Agent Information, NAR, News, Real Estate Technology, Research, Technology|0 Comments
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What is the most valuable service buyer agents provide?

One encouraging finding from the study was the high percentage of overall buyer satisfaction with the value provided by their agent. 88% of respondents thought that their agent earned the commission that they received on the home purchase. This is good news for an industry that has seen many “industry disruptors” enter the marketplace over the last several decades.

By |2022-10-26T08:57:58-07:00October 26th, 2022|Broker-Agent Information, Research, Suveys and Research, WAV Group Research|0 Comments
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New Study Reveals Increased Transparency Leads to Increased Value

WAV Group’s new Buyer Agent Commission Study reveals many insights from buyers about their awareness, understanding and appreciation of how commissions work when buying a home.

By |2022-10-12T04:17:52-07:00October 12th, 2022|Reports, Research, Suveys and Research, Whitepaper|0 Comments
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Facing the Future of the MLS Buyer Broker Commission Litigation

Are you following any of the Buyer Commission lawsuits? MLSs that require a listing broker to provide a blanket, unilateral offer of compensation to buyer brokers in order to submit a listing to the MLS is likely to be rendered obsolete. Imagining a future of the MLS without the offer of compensation, should be the top issue discussed in MLS board rooms today.

By |2022-10-04T16:13:13-07:00October 5th, 2022|Associations, Bills and Policies, Legal in Real Estate, MLS, MLS Insights, Our Services, Research|0 Comments
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