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PropStream Announces New AI Features

USA Real Estate News-RISMedia - Mon, 2024-05-06 13:29

PropStream’s President Brian Tepfer has announced the company has upgraded its data sets, utilizing the power of Predictive Real Estate Data to pave the way for new features and proprietary AI predictive analytics. Listed new features include: Enhanced valuation modeling Localized demographic data  New lead lists Photo AI insights AI predictive property scores “Coverage, speed,…

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COURT REPORT: Post-NAR Settlement Practice Changes Shifts Date

USA Real Estate News-RISMedia - Mon, 2024-05-06 13:19

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. While NAR and other settlements pend both preliminary and final approval, the flow never stops in the court systems throughout the U.S. as updates continue to develop in the many commission lawsuits currently…

The post COURT REPORT: Post-NAR Settlement Practice Changes Shifts Date appeared first on RISMedia.

Rocket Mortgage Impresses With $1.2 Billion Earned in Q1 2024

USA Real Estate News-RISMedia - Mon, 2024-05-06 12:38

As the economy waivers recently—with mortgage rates back up above 7%, the most recent PCE report demonstrating a rise in inflation and no respite in the interest rates from the Fed yet—there’s been a lot of uncertainty surrounding the mortgage market.  This uncertainty, however, does not seem to have affected Rocket Mortgage, as its Q1…

The post Rocket Mortgage Impresses With $1.2 Billion Earned in Q1 2024 appeared first on RISMedia.

AREAA takes fight against Florida foreign buyer ban to court

USA Real Estate News-Inman - Mon, 2024-05-06 11:48
The Asian Real Estate Association of America (AREAA) has escalated its fight against the State of Florida's foreign buyer ban through a federal fair housing discrimination lawsuit filed Monday. This is the third lawsuit, and first federal suit, against the bill.

Redfin to pay $9.25M to settle commission lawsuits

USA Real Estate News-Inman - Mon, 2024-05-06 11:38
Compass, The Real Brokerage, Realty One Group, At World Properties and Douglas Elliman had each already reached settlement agreements in the case, and the court has preliminarily approved those settlements.

Buyers need an income that starts with a 3 to live in this pricey city

USA Real Estate News-Inman - Mon, 2024-05-06 11:27
Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000.

Hawaii to limit vacation rentals amid statewide housing crisis

USA Real Estate News-Inman - Mon, 2024-05-06 11:08
New legislation will give counties the authority to redefine zoning ordinances to phase out short-term rentals.

NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement

USA Real Estate News-RISMedia - Mon, 2024-05-06 09:54

Attendees walk past the REALTOR® logo Sunday at the Walter E. Washington Convention Center in Washington D.C. Three months ago, NextHome CEO James Dwiggins, speaking on an RISMedia webinar, took a forceful—and somewhat unexpected position—on controversies and questions currently dogging the National Association of REALTORS® (NAR). A vocal critic of the organization, Dwiggins took a…

The post NAR Lobbyists Keep Long-Term Focus in Shadow of Settlement appeared first on RISMedia.

NAR President fields questions at midyear: ‘Everything’s on the table’

USA Real Estate News-Inman - Mon, 2024-05-06 09:28
At the Realtors Legislative Meetings on Sunday in Washington, D.C., the National Association of Realtors President spontaneously fielded tough questions about the trade group's proposed antitrust settlement.

Members of SFAR have a new AI productivity Sidekick

USA Real Estate News-Inman - Mon, 2024-05-06 06:00
Sidekick was developed by San Francisco-based boutique brokerage Avenue 8. It primarily uses a text interface to send commands to retrieve data, execute tasks and in many ways, function as a common, “visual” interface would. It's now offered to members of SFAR.
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