Rigor Mortis Sets in for ‘Zombie Foreclosures’
In movies about the rise of the living dead—whether raised by dark powers, alien fungus or a rogue supervirus—armies of zombies nearly always have one thing in common: they move slowly. In the real estate industry this trope appears to be holding true as well, with the march of so-called “zombie foreclosures” barely moving this […]
Rental Market Bounces Back From Pandemic’s Peak
The rental industry is back in full force, with rents in the 10 biggest U.S. tech cities surpassing March 2020 levels by an average of 6.3%. As we near a post-pandemic market, rents have grown at a double-digit pace (+13.6%) for the second consecutive month, according to the latest realtor.com® Monthly Rental Report. The details: […]
Q3 GDP: Economic Activity Slowed, With Delta Variant Prompting Concerns
While the U.S. economy has shown signs of recovery, the latest reports show the third quarter experienced the slowest expansion in over a year, with consumer spending taking a hit. On Wednesday, the Bureau of Economic Analysis released its first estimate of Q3 gross domestic product (GDP), with growth at 2% quarter-over-quarter, annualized, compared to […]
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Ready for Anything: How a Culture of Collaboration Keeps Vanguard Properties Flexible
Frank Nolan President Vanguard Properties, a member of Leading Real Estate Companies of the World® San Francisco, California www.vanguardproperties.com Region served: San Francisco Bay Area Years in real estate: 21 Number of offices: 16 Number of agents: 500 Who has most influenced your success? That would be my business partner, James Nunemacher. I’ve learned a […]
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White House Announces Framework for Spending Bill
“Compromise is not a dirty word.” That was the refrain from President Joe Biden and his administration as Democrats sought a deal on a massive spending package meant to address everything from the oppressive burden of child care to crumbling roads and bridges. With Republicans largely opposed to the initiatives and warring factions within the […]
Market Cools in September as Pending Home Sales Dip
Despite a late summer rebound, pending home sales dipped again in September, according to the newest report from the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, declined by 2.3% last month, dropping to 116.7. All regions saw year-over-year contract signings fall […]
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Op-Ed: Comments Regarding the Proposed Change to the IDX Display of Listing Brokerage and Agent Contact Information
I am an active user of the IDX system to generate new business and have been for over a decade. I have significantly invested time, innovation, creativity and money in both my personal real estate website and our brokerage sites to drive new business. We are not “listing aggregators” selling leads to buyer’s agents. We […]
Window to the Law: Protecting Your Business from a Ransomware Attack
Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor. As more businesses operate through remote systems, cybercriminals exploit vulnerabilities and engage […]
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Things That Could Unexpectedly Impact Your Real Estate Appraisal
Although everything in your home is essential, there are certain things that the appraiser will be looking for that don’t include the home’s position, square footage and the number of rooms in the house. We will look at other factors involved in the house appraisal or valuation, and many of these are dictated by the […]
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The CE Shop Named a Denver Fastest-Growing Private Company
The CE Shop has been named one of the Denver area’s fastest-growing private companies by Denver Business Journal (DBJ). The CE Shop, which is based in Greenwood Village, Colorado, placed second in the large business category of DBJ’s annual Fast 50 list. The category includes companies with $29.1 million to $64 million in annual revenue. 2021’s Fast 50 […]
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