Multiple listing service

Bright MLS "Open Housing Marketplace" Campaign Selected as 2X Bronze Winner in Prestigious Webby Anthem Awards

Retrieved on: 
Tuesday, January 30, 2024

Launched in 2021 by The Webby Awards, The Anthem Awards honors the purpose & mission-driven work of people, companies and organizations worldwide.

Key Points: 
  • Launched in 2021 by The Webby Awards, The Anthem Awards honors the purpose & mission-driven work of people, companies and organizations worldwide.
  • Straightforward and consumer-facing campaign assets were created to educate, inform and encourage support of the fair and open housing marketplace.
  • That's why I am incredibly proud of the internal Bright team who developed this powerful campaign," said Amit Kulkarni, Bright MLS Chief Marketing Officer.
  • A portion of program revenue is allocated to the Anthem Award's grant program, The Anthem Fund.

MLS United, LLC Teams up with Leading REALTOR® Associations in Mississippi to Provide FOREWARN® Services

Retrieved on: 
Wednesday, January 24, 2024

Available both online and through a mobile application, FOREWARN® analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients -- using just a phone number. FOREWARN® allows agents to properly and safely plan for showings with a higher level of confidence.

Key Points: 
  • This collaboration will extend FOREWARN® services to over 6,200+ MLS United customers at no additional cost to individual agents.
  • “We are thrilled to provide FOREWARN to our customers, enhancing their ability to work safely and guard against potential fraud,” stated Joe Rogers, CEO of MLS United.
  • FOREWARN facilitates this process quickly and efficiently.”
    Northwest Mississippi REALTORS®, Central Mississippi REALTORS®, and Gulf Coast Association of REALTORS® members will receive detailed instructions for activating their complementary FOREWARN® subscription.
  • In the near future, FOREWARN® services will be available to MLS United's “MLS only” customers.

Texas new home sales finish the year strong as outlook brightens

Retrieved on: 
Wednesday, January 24, 2024

DALLAS, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Texas average new home sales were higher in all four of its largest markets last month, with Dallas-Ft Worth, Houston, and Austin turning in strong year-end sales as the outlook for 2024 brightens.

Key Points: 
  • DALLAS, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Texas average new home sales were higher in all four of its largest markets last month, with Dallas-Ft Worth, Houston, and Austin turning in strong year-end sales as the outlook for 2024 brightens.
  • In December, average home sales were higher in Texas’ four largest markets, with Dallas-Ft Worth, Houston, and Austin turning in higher end-of-the-year sales.
  • Last month, the 3-month moving average of new home MLS sales in Texas' four largest markets was 5,350 versus 5,172 in November.
  • "Texas new home sales finished the year strong,” said Ben Caballero, America's No.

Miami-Dade Single-Family Home Sales Increase; Miami Continues to Lead Nation in Price Appreciation

Retrieved on: 
Friday, January 19, 2024

MIAMI, Jan. 19, 2024 /PRNewswire-PRWeb/ -- Miami-Dade County single-family home sales rose year-over-year as Miami continues to lead the U.S. in price appreciation, according to December 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • Miami-Dade County single-family home sales rose year-over-year as Miami continues to lead the U.S. in price appreciation, according to December 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
  • MIAMI, Jan. 19, 2024 /PRNewswire-PRWeb/ -- Miami-Dade County single-family home sales rose year-over-year as Miami continues to lead the U.S. in price appreciation, according to December 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
  • "Miami real estate is outperforming the nation because of our unique market fundamentals," MIAMI Chairman of the Board Gus Fonte said.
  • Miami Median Price Appreciation Outperforming Nation, State
    In Florida, closed sales of single-family homes statewide totaled 18,423 in December 2023, down 3.8% year-over-year, while existing condo-townhouse sales totaled 7,202, down 6.2%.

Texas new home sales steady as year closes, poised for growth in 2024

Retrieved on: 
Thursday, December 21, 2023

The 3-month moving average of new home MLS sales in Texas' four largest markets for last month was 5,172 versus 5,125 in October.

Key Points: 
  • The 3-month moving average of new home MLS sales in Texas' four largest markets for last month was 5,172 versus 5,125 in October.
  • "The Texas new home market is steady as we head into the holiday season," said Ben Caballero, the No.
  • According to the HomesUSA.com New Home Sales Index’s 3-month average, new homes had fewer Days on Market in Houston and Austin.
  • "The Texas new home market is poised for growth, if what many leading economists are predicting comes true – that mortgage rates improve in 2024.

Texas new home sales were flat last month but 2024 “looks strong”

Retrieved on: 
Monday, November 27, 2023

"The strength I’m seeing in new home production and sales this fall indicates that 2024 looks strong for Texas home builders,” said Ben Caballero, America's No.

Key Points: 
  • "The strength I’m seeing in new home production and sales this fall indicates that 2024 looks strong for Texas home builders,” said Ben Caballero, America's No.
  • "The Texas new home market in October sounds like a broken record – strong and steady, strong and steady," noted Caballero.
  • ( See Chart 2: Texas New Home Sales )
    The average price of new homes in all four major new home markets were lower last month.
  • ( See Chart 4: Texas Sales-to-List Price Ratio )
    Based on local MLS data, pending new home sales decreased in three of the four Texas major markets last month.

Miami-Dade County Mid-Market Condominium Sales Rise Again

Retrieved on: 
Wednesday, December 20, 2023

MIAMI, Dec. 20, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County mid-market condominium sales rose again as the high-demand, low-supply South Florida real estate market prepares for a robust 2024 with mortgage rates finally on the decline, according to November 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • Short sales and REOs accounted for 0% and 0.9% year-over-year, respectively, of total Miami sales in November 2023.
  • Nationally, distressed sales represented 1% of sales in November 2023, virtually unchanged from last month and the prior year.
  • Cash sales represented 40.9% of Miami closed sales in November 2023, compared to 42.3% in November 2022.
  • Cash sales accounted for 50.2% of all Miami existing condo sales and 28.4% of single-family transactions.

NewHomesMate Expands to Denver, Connecting Buyers and Builders to Ease the City’s Housing Crisis

Retrieved on: 
Wednesday, November 29, 2023

The platform will help homebuyers searching for new construction properties in a market that has struggled with housing shortages for over a decade.

Key Points: 
  • The platform will help homebuyers searching for new construction properties in a market that has struggled with housing shortages for over a decade.
  • Between 2012 and 2017, the region built only one new home for every five new jobs, prompting rampant price increases and rising unaffordability.
  • For homebuilders hoping to capitalize on pent-up demand in Denver’s housing market, NewHomesMate can significantly speed up the property marketing process.
  • Denver becomes the 14th market that NewHomesMate operates in following on from a successful launch in Atlanta, Georgia , in October.

Pettit Law Firm: Lawsuit Alleges Conspiracy to Inflate Commissions by Texas Residential Real Estate Companies

Retrieved on: 
Wednesday, November 15, 2023

Two North Texas home sellers have filed a proposed class action lawsuit alleging an unlawful conspiracy between residential real estate companies and related associations in the state to inflate commissions and artificially drive up home prices for buyers.

Key Points: 
  • Two North Texas home sellers have filed a proposed class action lawsuit alleging an unlawful conspiracy between residential real estate companies and related associations in the state to inflate commissions and artificially drive up home prices for buyers.
  • Also named among the more than 30 defendants are some of the state’s largest residential realty companies, including Ebby Halliday Real Estate, the Dave Perry-Miller Company and Keller Williams Realty.
  • Published reports indicate the average 6% commission in Texas is among the highest in the nation, and that Americans pay more than $100 billion in residential real estate commissions annually.
  • According to the lawsuit, the U.S. Department of Justice is also investigating the residential real estate brokerage sector, with a focus on broker commissions and related practices.

HomesUSA.com Debuts "Breakthrough" Tech Platform for Builders

Retrieved on: 
Thursday, December 14, 2023

DALLAS, Dec. 14, 2023 /PRNewswire/ -- HomesUSA.com, the No. 1-ranked US brokerage for new home sales, announced the debut of its new, groundbreaking Multiple Listing Service distribution platform for home builders in Houston, Austin and San Antonio, and will also launch in Dallas-Ft. Worth, set for early 2024.

Key Points: 
  • Called SpecDeck, its cutting-edge technology empowers builders to replace their in-house MLS listing process.
  • Most importantly, according to HomesUSA.com, SpecDeck more than pays for itself, generating hundreds of additional dollars in profits on average for every listing when production builders enter all their listings into the platform.
  • "HomesUSA.com built SpecDeck as a breakthrough MLS listing and data distribution process for builders," said Ben Caballero, founder and CEO of HomesUSA.com and creator of SpecDeck.
  • Research shows that, depending on the builder and market conditions, HomesUSA.com delivers builders $700 to $1,100 more in profits per listing versus non-clients.