realtors

The National Association of Realtors announced Friday that it had reached a legal settlement that upends the traditional model of sellers paying for the buyer’s agent in a home purchase. The agreement has the potential to save home sellers billions of dollars every year, but could also complicate purchases for buyers. The NAR, the largest trade group representing residential real estate agents, agreed to pay $418 million over four years to settle claims that the group and its members engaged in uncompetitive practices…

House staging is a significant part of the real estate industry, and while Realtors have traditionally staged houses physically before posting a listing, it’s an expensive and time-consuming process. A startup called Virtual Staging AI is making it possible for Realtors to virtually stage a house with the help of generative AI. Virtual Staging AI, which is part of Harvard Innovation Labs, currently has 4,500 monthly paid subscribers and is looking to transform the real estate and staging industry. The startup…

New listings skyrocketed in the Denver metro and across Colorado in January. The January Market Trends Housing Report from the Colorado Association of Realtors recorded an 80% jump in single-family listings and more than an 88% increase in townhome/condo listings compared to December. Statewide, single-family listings increased 75% in January, while new townhome/condo listings jumped 73.2%. “In Boulder and Broomfield counties, the real estate market woke up on Jan. 2,” said Boulder/Broomfield-area realtor Kelly Moye. “The…

New and active listings climbed in January, making Denver area realtors optimistic for the spring selling season despite the Federal Reserve not planning to cut interest rates in March. “As we kick off the new year, buyers appear to be wearing rose-colored glasses, ready to put themselves back in the real estate market as they finally have more choices,” said Libby Levinson-Katz, chairwoman of the Market Trends Committee, in comments included with the monthly update from the Denver Metro Association of Realtors. The…

Denver area realtors anticipate interest rates will continue to drive the housing market in 2024. But after a year when high rates stymied sales, they hope interest rates start dropping. “I’m 100% certain rates will be lower,” said Delroy Gill with LIV Sotheby’s. “The sweet spot will be 6% or lower.” Lower interest rates may convince more people to put their houses up for sale and may encourage some potential buyers to rejoin the fray. “A little decrease in rates will bring buyers off the sidelines,” said Lauren Cotlar…

High interest rates continue to depress Colorado’s real estate market. According to the October Market Trends Housing Report from the Colorado Association of Realtors, the number of homes available last month dropped about 13% while sales fell nearly 15%. “Combined with a scarcity of homes for sale in the most affordable price ranges, the market segments with the most activity are in the $600s and up — driving median price incrementally higher from October of last year,” said Fort Collins-area realtor Chris Hardy. In…

In 2002, 16% of homebuyers identified their new homes by attending an open house. The National Association of Realtors 2022 Profile of Home Buyers and Sellers report shows that two decades later that number plummeted to 4%. The coronavirus pandemic further solidified the declining popularity of open houses as more buyers turn to online searches to find their dream homes. Data from the report states only 5% of buyers frequently use open houses, while 23% occasionally do and 72% rarely do. Furthermore, when asked if an open…

Metro Denver’s real estate agents anticipate the metro housing market will stabilize in 2023. During the pandemic, office workers who no longer had to commute wanted more space to work from home. And that freedom, combined with low-interest rates, fueled a home-buying frenzy nationally. In Denver, where home prices were already climbing, that demand made prices skyrocket as buyers offered thousands over the list price. Higher interest rates combined with more available homes helped temper the market. And real estate…

The pandemic and its aftershocks created an incredibly competitive housing market in the Denver area, pushing home prices to record highs. With multiple buyers and a limited number of homes available, the first half of the year brought a buying frenzy with prospective home buyers waiving inspections and offering up to $100,000 over the list price. “The biggest takeaway despite all the ups and downs in 2022 is that the Denver market is healthy,” says Nick DiPasquale with West+Main. Home prices skyrocketed in the year’s…

The share allotment status of the Keystone Realtors IPO is likely to be finalised on November 21. Here is how to check the status online. The share allotment status of the Keystone Realtors initial public offering (IPO) is likely to be finalised today, Monday, November 21. Investors who have subscribed for the IPO will be able to check the status online, once announced. All they need to do is simply visit the official website of BSE or the registrar of the issue- Link Intime and follow the instructions. It can be known…