Planting the Seeds for Future Growth
Above, John Armstrong VITALS: RE/MAX Rising Years in business: 8 Size: 1 office, 80 agents Regions Served: Central Illinois 2023 Sales Volume: 1,100 2023 Transaction Volume: $270 million http://www.remaxrising.com A second-generation REALTOR®, John Armstrong—co-owner and managing broker of RE/MAX Rising—initially resisted getting into the business over fear that he would spend too many nights and…
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Multifamily Developer Confidence Declines in Q1 2024
Confidence in the market for new multifamily housing declined year-over-year in Q1 2024, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). NAHB stated that the MMS produces two separate indices: the Multifamily Production Index (MPI) had a reading of 47, down three points year-over-year,…
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Rookie of the Year Regional Winner Shares 3 Secrets to His Success
Hands-on training with mentors, authenticity on social media and honest conversations with clients may sound like simple tips for success in real estate, but for Floridia real estate agent Hudson “Mitch” Willis, of LPT Realty, these were a part of system of tools that catapulted his first year in real estate to extraordinary success. “The…
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Buffett and Abel Address Recent Settlements
This past Saturday, Warren Buffett, co-founder, chairman and CEO of Berkshire Hathaway, and Greg Abel, CEO of Berkshire Hathaway Energy, gave their input on the latest commission lawsuit settlements across the industry, at Berkshire Hathaway’s annual shareholder meeting—including discussion regarding HomeServices of America’s announced $250 million settlement. “There’s no question the industry will go through…
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Pocket Listing Lawsuit Renews Attack on ‘Clear Cooperation,’ Ineffective Agents
A pocket listing startup suing the National Association of REALTORS® (NAR) is seeking to push forward with its claims that the Clear Cooperation policy violates antitrust laws, asserting that its business model addresses a “superfluity of ineffective agents” in a case with potential impacts beyond the NAR settlement. In a 17-page filing in a California…
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In the Wake of Its Historic Settlement, HomeServices Issues Comprehensive Guidance to Agents on Rule Changes
In the wake of HomeServices of America’s $250 million historic class-action, commission-focused settlement, leadership within the national brokerage has provided affiliated operating companies and agents with an extensive breakdown of what comes next for them regarding rule changes and overall impact on transactions for sellers moving forward—something that seemingly hasn’t yet been done to this…
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Mortgage Mix: Rates Remain Above 7%, but Declined for the First Time in Months
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Per Freddie Mac, the latest average mortgage rates as of May 9 are 7.09% for the 30-year fixed-rate mortgage and 6.38% for the 15-year fixed-rate mortgage. Compared to the previous week of May 3–the 30-year…
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Unveiling the Artistic Legacy of Bob Ross in New Smyrna Beach, Florida
Property Highlights: Location: New Smyrna Beach, Florida Listing Price: $1,999,000 Features: 5,000-plus-square-foot Mediterranean-style home with four bedrooms, four full baths and two half-baths. Added Appeal: Luxurious outdoor amenities, including a stone fireplace, heated spa and 22×32-foot pool. We’ve all marveled at Bob Ross painting exquisite and tranquil works of art—often featuring serene homes by the…
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Lori McCarthy on Being a Mentor and Preparing for a New Way to Do Business
Lori McCarthy, managing broker of the recently Compass-acquired Latter & Blum in Lafayette, Louisiana, has made recruitment and community involvement priorities in her business. She serves on her local REALTOR® association board and is a member of the Young Professional Network, which provides guidance to rookie REALTORS®. RISMedia touched base with McCarthy for the latest…
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The LGBTQ+ Real Estate Alliance Publishes Fourth Annual Report
The 4,000-member strong LGBTQ+ Real Estate Alliance has published its fourth annual LGBTQ+ Real Estate Report. The report details how, as the Baby Boomer generation reaches retirement age, 70% of aging Alliance members believe LGBTQ+ face harder challenges in finding post-retirement homes. Highlights: A plurality (35.3%) of aging Alliance members (aged 65+) expect to retire…
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