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KW CEO predicts downfall of indie model amid NAR settlement

Tue, 2024-04-30 11:43

Keller Williams president and CEO Mark Willis sat with Real Estate News to talk about his return to the Texas franchiser and how commission lawsuits could spark a new wave of brokerage and agent consolidation.

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Ocwen agrees to settle decade-long suit over BPO, valuation fees

Tue, 2024-04-30 11:17

Up to 330,377 homeowners from whom Ocwen collected mortgage payments could be eligible to claim refunds of $60 per broker price opinion and $70 per hybrid valuation

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Engel & Völkers enters Philadelphia, Mexico City markets

Tue, 2024-04-30 11:09

Engel & Völkers Philadelphia will be led by Jim Becker, Ed Casella and Logan Rothman, while Mexico City will be helmed by Rodrigo Pérez del Toro and Malusa de Nova.

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Consumer Confidence Retreats in April

Tue, 2024-04-30 11:02

Consumers have been feeling the waves of unrest in the economy, with mortgage rates now back up above 7% and the PCE index—the Fed’s favorite measure of inflation—up by 2.8% year-over-year. Consumer confidence fell significantly in April, dropping from 103.1 in March to 97, according to the latest data from The Conference Board.  After the…

The post Consumer Confidence Retreats in April appeared first on RISMedia.

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Home prices surge to ‘near all-time highs’ amid rising mortgage rates

Tue, 2024-04-30 10:41

San Diego, Los Angeles, Washington DC and New York posted annual price increases for the third-straight month, with each of the cities S&P CoreLogic Case-Shiller tracks hitting record highs.

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March rents grew dramatically in Chicago and these 4 other cities

Tue, 2024-04-30 10:38

Eighteen of the 50 largest U.S. metro areas witnessed rents rise on an annual basis in March, especially in the Northeast and Midwest, where a lack of rental supply is common and owning a home is costly.

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‘Digital Darryl’ Brings a Life-Like AI Chat Bot to Real Estate

Tue, 2024-04-30 09:56

Artificial intelligence (AI) has become one of the world’s most favorable technology tools, as millions of people from the general population to real estate professionals alike use various models programmed for different purposes, all with the goal of expanding their knowledge in their respective fields—or honing their skills. Looking at the real estate industry specifically,…

The post ‘Digital Darryl’ Brings a Life-Like AI Chat Bot to Real Estate appeared first on RISMedia.

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“Digital Darryl”; The Real Estate Industry’s First Life-Like AI Chat Bot

Tue, 2024-04-30 09:56

Artificial intelligence (AI) has become one of the world’s most favorable technology tools, as millions of people from the general population to real estate professionals alike use various models programmed for different purposes, all with the goal of expanding their knowledge in their respective fields—or honing their skills. Looking at the real estate industry specifically,…

The post “Digital Darryl”; The Real Estate Industry’s First Life-Like AI Chat Bot appeared first on RISMedia.

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NEXT WEEK: Brokers Share Strategies for Real Estate’s New Landscape

Tue, 2024-04-30 09:41

Top row, left to right: John Featherston, Kymber Menkiti, Lennox Scott; Bottom row, left to right: Rod Messick, Barbara Betts, Terrie O’Connor Amid a cascade of lawsuit settlements and forthcoming rule changes that stand to disrupt the real estate playing field, brokerage leaders are striving to stay ahead of the fast and furious pace of…

The post NEXT WEEK: Brokers Share Strategies for Real Estate’s New Landscape appeared first on RISMedia.

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Apartment List rolls out Lea Pro, a bot for lead conversions and tours

Tue, 2024-04-30 08:02

The artificial intelligence-fueled tool allows leasing agents and landlords to generate new leads more efficiently, providing speed without the need for additional personnel, among other benefits.

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AI, machine learning power lead-gen tool from Realeflow

Tue, 2024-04-30 07:00

Seller predictive analytics company Realeflow has announced its latest product, Leadflow AI Agent, a lead-generation solution to help residential agents be the first to know when someone wants to list a home.

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