Items Tagged with 'Realtors'

ARTICLES

  • Real estate agents exempt from California's new anti-gig labor law

    About 1 million independent contractors are reclassified as employees
    California lawmakers passed a landmark bill on Tuesday reclassifying an estimated 1 million independent contractors as employees in a move to provide those workers with benefits such as sick time, paid family leave, health insurance and overtime. Licensed real estate agents were given a carve-out because they didn’t pass the law’s “ABC test.”
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  • July’s decline in pending home sales proves the nation needs more housing inventory

    The Pending Home Sales Index falls 2.5% to 105.6
    The nation’s lack of housing inventory lead to a decrease in pending home sales, pushing the index backward 2.5% in July, according to the latest report from the National Association of Realtors. NAR's Chief Economist Lawrence Yun said although economic uncertainty is holding back some potential demand, what is desperately needed is more supply of moderately priced homes.
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  • Pending home sales rebound after 17 months of consecutive declines

    The PHSI in West region increases a whopping 5.4% in June
    The nation’s healthy economic environment drove an increase in pending home sales, pushing the index forward 2.8% in June, according to the latest report from the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, slightly increased to 108.3 in June, rising from May’s 105.4. NAR’s Chief Economist Lawrence Yun said June’s 2.8% increase can be attributed to the nation’s current favorable conditions and predicted last month’s rise is likely the start of a positive trend for home sales.
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  • Realtor.com expands Local Expert feature to city level

    The feature is available in approximately 25,000 cities
    Homebuyers who use the site to search for homes by city can now see branded content and listings from agents, teams and brokers in their search results. Real estate professionals can also customize social media ads that showcase their current or previously sold listings with branding in a city and/or ZIP code.
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  • Theresa Hatton becomes CEO of Massachusetts Association of Realtors

    Hatton moves from staff of New York's Hudson Gateway Association of Realtors
    Theresa Hatton, the former director of professional development and industry relations for New York's Hudson Gateway Association of Realtors, started on Monday as the CEO of the Massachusetts Association of Realtors. MAR conducted a five-and-a-half-month nationwide search to fill its leadership role.
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  • Pending home sales show signs of hope in March

    Contract signings rise 3.8% as mortgage rates fall
    Pending home sales advanced 3.8% in March as lower mortgage rates brought more buyers into the market, according to the latest report from the National Association of Realtors. NAR’s Chief Economist Lawrence Yun said although home sales data has been exceptionally volatile over the past several months, he predicts numbers will begin to climb more consistently.
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  • Realtors get pricing tool to show homebuyers what they can afford

    Results vary per housing market
    The algorithm draws from the listing prices of homes currently on the market. After configuring the property they want – is a third bath really worth $70,000? – buyers can view the monthly mortgage payment for a home with those characteristics, along with estimates of property taxes and insurance. Then, they can look at a list of properties for sale that meet their criteria.
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  • HousingWire expands coverage to serve real estate agent community

    KK Howley joins as real estate editor to cover news and analysis for agent / broker audience
    Real estate agents face myriad challenges in simply earning a living. The emergence of real estate services and search engines as well as the advent of the iBuyer movement both pose major challenges to the ability of these agents to grow their businesses and serve homeowners in their local communities. HousingWire's coverage will better equip agents to help their clients make more informed home purchase and financing decisions, build stronger referral relationships and build sustainable businesses.
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  • Pending home sales show modest retreat in February

    NAR reveals a 1% decline last month after substantial January gains
    Pending home sales dropped 1% in February, declining 4.9% from last year, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that considering the fact that January's pending contracts were up nearly 5%, the 1% drop in February is not a significant concern, although it's clear that activity this spring will not match last year's frenzied pace.
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