With the already low housing inventory and a lot of homeowners having low-interest rates, how will that affect the future of the real estate industry? On this episode of Industry Relations, Rob and Greg delve into the issue of the low housing inventory and the impact of potential interest rate lock-in. From the national perspective down to local markets, get an in-depth discussion of this vital issue.
“The Greater Syracuse of REALTOR®/Central New York Information Service seeks a collaborative leader with excellent communication skills. The ideal candidate possesses an agile mindset that develops and grows the organization. This leader knows how to gain alignment between the leadership, the members, and the staff. An experienced facilitator, the ideal candidate is adept at managing the complexities of a member-driven association and a for-profit Multiple Listing Service with volunteer leaders. The candidate should understand how to build a culture in an evolving organization due to growth and the ongoing transformation of our industry.”
“The REcenterhub dashboard, developed internally by CRMLS, boasts new features to streamline productivity for real estate professionals. In addition to a completely new, modernized user interface, the dashboard offers customization options for both users and Associations, industry information such as market data trends and news articles, and enhanced interactivity for ease of use.”
I took a screenshot from a dev account (so it has limited product choices). My first impression is that I think they absolutely crushed it! I love the addition of market stats front and center, but it’s the easy access to critical tools/info that really nails it.
You can quickly add (and discover) products offered thru the MLS;
Quick access to the training calendar with one click registration!
I know I’ve been critical of MLS organizations building their own software but aside from a couple of minor things I would tweak, CRMLS has really done a great job.
I’ve written before about how SSO portals (dashboards), and training can have a huge effect on adoption and REcenterHUB is the closest I’ve seen to really hitting all the right marks. And to be fair I haven’t taken a serious look at any other competing SSO dashboard, but any vendor providing products through an MLS organization will love the improvements REcenterhub delivers.
Are you familiar with the new rule changes proposed by MLS PIN settlement? Join us as we explore the unintended consequences of these changes and how they could affect the real estate industry. Rob and Greg dive into these rule modifications and their potential impact on buyers, sellers, and agents nationwide.
My thanks again to Nestfully for sponsoring Vendor Alley this month. I wanted to focus on some of the enhancements that will be coming soon to Nestfully:
“More than a standard AVM, Nestegg combines the science of an algorithm, with the art of localized pricing provided by real estate agents. Nestegg helps consumers get a REAL look at the pricing process with transparent, agent-assisted valuations that are significantly more accurate than standard, “name-brand” AVM.”
“Arrival is an innovative bridge loan mortgage company focused on helping homeowners unlock their home equity to help solve the growing buy-before-sell challenges homeowners currently face. Simon will lead all aspects of the company’s growth from early-stage market expansion to establishing a national footprint and developing strategic partnerships.
Simon brings over 25 years of leadership experience in real estate, and brings deep experience in operations, technology, venture capital, and building world class culture.”
Good to see Simon back in the game. We need good people and innovative solutions to help increase mobility in this challenging market.
“Existing-home sales fell to a seasonally adjusted rate of 4.16 million — a whopping 18.9 percent lower than a year ago — as the median sales price climbed to $410,000, or 0.9 percent below than the highest price recorded by NAR. June also marked the third time in recorded history the monthly median sale price rose above $400,000, with the other two occasions happening last year.”
The thing I keep thinking about is: do we expect this to change any time soon? So what does that mean for 2024? Even if rates go down (and that’s a big if) most people have sub-4% loans. And if take a look at Zillow’s latest Home Values Index, pay attention to the last column, “% change since 2020”.
“Bright, which serves a major portion of the Northeast, announced on its website that starting Aug. 9 it will allow users to put in a blanket offer for buyer brokers — including an offer of zero dollars. Previously, the lowest allowed amount was one cent, so it is a very small change in terms of dollars and cents, but a significant one in terms of transparency, Bright contends.
“We are making this small change to underscore the complete flexibility of Bright subscribers to engage in transparent negotiations with their clients,” Bright noted in the announcement.”
Are you curious about the future of the real estate industry and how the MLS PIN settlement could shape it? Join Rob and Greg in this discussion as they dive deep into this groundbreaking development. Get expert insight into the effects of this settlement, and find out what it means for the real estate landscape.
My thanks again to Nestfully for sponsoring Vendor Alley this month.
Nestfully is available to over 300,000 agents across the nation that want to deliver a rich collaboration experience to their clients. The goal of Nestfully is not to out-match portals on the number of site visitors but to give agents a way to engage their clients with an ad-free alternative that matches the design and UX experience their clients have come to expect.
