Items Tagged with 'National Association of Realtors'

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Move/News Corp legal battle drags down Zillow Group earnings in 2015

Posts net loss of $91.1 million; sees traffic decline in 4th quarter
The Zillow Group family of websites, which includes Zillow and Trulia, announced its 2015 financial results on Thursday, with the company reporting a pro forma net loss of $91.1 million in 2015. According to Zillow, a large portion of the net loss was driven by the legal fees associated with Zillow’s legal battle with Move, which is now owned by News Corp, over claims of allegations of trade secret theft involving Errol Samuelson, who was once Move's chief strategy officer.
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NAR: Inventory shortages push homeownership further out of reach

And it’s not going away anytime soon
A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder. And according to the latest quarterly report from the National Association of Realtors, the problem is not going to subside anytime soon, impacting more than first-time homebuyers.
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Move's Reesio partnering with zipLogix to simplify transaction process

Will integrate zipForm transaction documents into Reesio platform
As part of an effort to simplify the real estate transaction process, Move Inc., which operates Realtor.com for the National Association of Realtors, recently announced an agreement with zipLogix that will bring the zipForm digital library of transaction documents to the Reesio platform, which is a document and transaction management platform that allows the entire real estate transaction to be done online.
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Pending home sales barely increase, driven by surge in the Northeast

There’s a silver lining for potential homebuyers
After a series of declines, pending home sales, while small, posted a slight increase, largely fueled by a surge in the Northeast. On the positive side, NAR’s chief economist, said that the silver lining from the market turmoil in recent weeks is the fact that mortgage rates have stayed low.
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Pending home sales struggle to overcome housing headwinds

Drops for third time in four months
Pending home sales once again struggled to overcome housing headwinds and slightly declined for the third time in four months. And according to the National Association of Realtors’ chief economist, the struggles will continue when spring buying season begins.
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The TRID effect is real: Existing-home sales fall sharply in November

Closing delays pushing sales into December?
First there was anecdotal evidence that the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October had caused issues with the housing industry, but now, concrete data is beginning to show just how much the impact of TRID is being felt - and the news isn't great. Click the headline to read more.
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Move, Realtor.com name Suhail Ansari chief technology officer

Former vice president of engineering at eBay joins real estate search site
Move, Inc., which operates Realtor.com for the National Association of Realtors, announced the appointment of Suhail Ansari as the company’s new chief technology officer. At Move, Ansari will be responsible for overseeing the company’s technology strategy.
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Despite decrease, existing-home sales maintain healthy pace

NAR: “Cooldown in October was likely given”
Although total existing-home sales decreased 3.4% to a seasonally adjusted annual rate of 5.36 million in October, Lawrence Yun, NAR chief economist, said a sales cooldown in October was likely given the pullback in contract signings the last couple of months.
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