REALTOR

C.A.R. releases its 2023 California Housing Market Forecast

Retrieved on: 
Wednesday, October 12, 2022

LOS ANGELES, Oct. 12, 2022 /PRNewswire/ -- A modest recession caused by an ongoing battle against inflation will keep interest rates elevated to suppress buyer demand and contribute to a weaker housing market in 2023, according to a housing and economic forecast released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). 

Key Points: 
  • Existing, single-family home sales are forecast to total 333,450 units in 2023, a decline of 7.2 percent from 2022's projected pace of 359,220.
  • LOS ANGELES, Oct. 12, 2022 /PRNewswire/ -- A modest recession caused by an ongoing battle against inflation will keep interest rates elevated to suppress buyer demand and contribute to a weaker housing market in 2023, according to a housing and economic forecast released today by the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.)
  • 's "2023 California Housing Market Forecast" sees a decline in existing single-family home sales of 7.2 percent next year to reach 333,450 units, down from the projected 2022 sales figure of 359,220.
  • 's 2023 forecast projects a dip in the U.S. gross domestic product of 0.5 percent in 2023, after a projected uptick of 0.9 percent in 2022.

Equity Union Expands Operations with New Branch in Santa Clarita

Retrieved on: 
Saturday, October 8, 2022

LOS ANGELES, Oct. 7, 2022 /PRNewswire/ -- Today, Equity Union CEO, Harma Hartouni, announced the addition of its eighth branch, to be located at 25124 Springfield Court, Valencia. With the addition of the Santa Clarita location, this year the company has announced the growth of its operations to Brentwood, Toluca Lake, Palm Springs, Palm Desert and Woodland Hills.

Key Points: 
  • With the addition of the Santa Clarita location, this year the company has announced the growth of its operations to Brentwood, Toluca Lake, Palm Springs, Palm Desert and Woodland Hills.
  • The Santa Clarita branch is launching with several local industry veterans having sold collectively over 1,000 homes including Dippy Chhina, one of the Santa Clarita Valley's most successful and respected REALTORS, with sales and marketing experience that spans three continents, and Rebecca Mendoza, an industry veteran and a 30+ year resident of Santa Clarita.
  • Also signing on to the Equity Union Santa Clarita location are top producers Justin Marlang with the Real Group, Lara Hutchins with Love Live LA and Sandy Segovia, among others.
  • About Equity Union: Founded by Harma Hartouni, groundbreaking REALTOR and inspiring author of the memoir Getting Back Up, Equity Union was created to be a completely unique real estate company.

California REALTORS® applaud bill to raise capital gains exclusion and free up housing inventory

Retrieved on: 
Thursday, September 29, 2022

LOS ANGELES, Sept. 29, 2022 /PRNewswire/ -- The CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.)

Key Points: 
  • LOS ANGELES, Sept. 29, 2022 /PRNewswire/ -- The CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.)
  • today issued the following statement in response to the "More Homes on the Market Act," introduced today by House Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA).
  • The bipartisan bill increases the capital gain exclusion amounts on the sale of a principal residence to $500,000 for single filers and $1 million for joint filers and indexes the exclusion for inflation.
  • However, because the capital gains exclusion was passed 25 years ago with no indexing for inflation, fewer and fewer families have been able to downsize and access the equity built up in their homes.

Terah Crawford Named Garrett County Board of REALTORS® 2022 REALTOR® of the Year

Retrieved on: 
Tuesday, September 27, 2022

MCHENRY, Md., Sept. 27, 2022 /PRNewswire-PRWeb/ -- Taylor-Made Deep Creek Vacations & Sales, a leading vacation rental and sales firm located in McHenry, Maryland, is excited to announce that Terah Crawford was named Garrett County Board of REALTORS® (GCBR) 2022 REALTOR® of the Year. The award honors and recognizes a REALTOR® member for outstanding service to the real estate profession and community.

Key Points: 
  • Terah Crawford, Broker and Sales Manager for Taylor-Made's real estate division, was recently named 2022 REALTOR of the year for the Deep Creek Lake and Garrett County area.
  • MCHENRY, Md., Sept. 27, 2022 /PRNewswire-PRWeb/ -- Taylor-Made Deep Creek Vacations & Sales, a leading vacation rental and sales firm located in McHenry, Maryland, is excited to announce that Terah Crawford was named Garrett County Board of REALTORS (GCBR) 2022 REALTOR of the Year.
  • She serves on the board of directors of the Garrett County Board of REALTORS as the Immediate Past President/Incoming Treasurer.
  • As Garrett County REALTOR of the Year, Terah is invited to participate in the Maryland REALTORS Annual Inaugural Gala and Awards Ceremony, on September 30 at M&T Bank Stadium.

OneKey® MLS Appoints Richard Haggerty as CEO

Retrieved on: 
Wednesday, September 21, 2022

WEST BABYLON, N.Y., Sept. 21, 2022 /PRNewswire/ -- The Board of Managers of OneKey® MLS is pleased to announce that Richard Haggerty has been appointed as the new Chief Executive Officer for OneKey® MLS.  Haggerty, who currently serves as CEO of the Hudson Gateway Association of REALTORS® and as President and Chief Strategic Growth Officer of OneKey® MLS, will succeed Jim Speer, the current CEO, on Jan. 1, 2023. Speer has announced his plans for retirement at the end of this year.

Key Points: 
  • Haggerty to Begin New Role on Jan. 1, 2023, Replacing Retiring CEO Jim Speer
    WEST BABYLON, N.Y., Sept. 21, 2022 /PRNewswire/ -- The Board of Managers of OneKey MLS is pleased to announce that Richard Haggerty has been appointed as the new Chief Executive Officer for OneKey MLS.
  • Haggerty, who currently serves as CEO of the Hudson Gateway Association of REALTORS and as President and Chief Strategic Growth Officer of OneKey MLS, will succeed Jim Speer, the current CEO, on Jan. 1, 2023.
  • "I am confident that Richard will ensure that OneKey MLS will continue to evolve under his direction."
  • "Jim was part of the vision of OneKey MLS from the very beginning, and he did a tremendous job launching OneKey MLS during one of the most challenging times in our history, when COVID was overwhelming our region," said Haggerty.

Closed Median Sale Price in NY Regional Residential Sales Holds Steady for Second Consecutive Month

Retrieved on: 
Tuesday, September 20, 2022

WEST BABYLON, N.Y., Sept. 20, 2022 /PRNewswire/ -- OneKey® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For August 2022, OneKey MLS reported a regional closed median sale price of $621,500, representing a 0.20% increase over the reported $620,000 in July 2022. Between July and August 2022, closed regional sales transactions, including residential, condo, and co-op sales, increased to 6,281 from 5,727, representing an 11.3% month-over-month change.

Key Points: 
  • OneKeyMLS, reporting detailed, month-over-month statistical information about residential, condo, and co-op sales transactions in the regional MLS coverage area, reported less than 1.00% increase in the closed median sale price between July and August 2022.
  • Four of nine counties reported an increased closed median sale price while four of nine counties reported a decrease, and one reported no change.
  • Sullivan (8.40%), Bronx (3.80%), Queens (1.20%), and Rockland (0.70%) Counties had month-over-month increases in closed median sale price.
  • Suffolk (-1.70%), Nassau (-2.80%), Orange (-3.20%), and Westchester (-4.00%) reported month-over-month decreases in closed median sale price.

Tim Dain Named CEO of NorthstarMLS

Retrieved on: 
Wednesday, September 14, 2022

TWIN CITIES, Minn., Sept. 14, 2022 /PRNewswire/ -- NorthstarMLS is pleased to announce that Tim Dain has joined the company as chief executive officer. In this role Dain will oversee daily operations of the regional multiple listing service (MLS) as well as lead new business development efforts including continued expansion of the organization's common data platform (CDP) to other regional MLSs and REALTOR® associations.

Key Points: 
  • TWINCITIES,Minn., Sept. 14, 2022 /PRNewswire/ --NorthstarMLS is pleased to announce that Tim Dain has joined the company as chief executive officer.
  • Dain succeeds John Mosey, who retires from the role after 20 years, during which time NorthstarMLS became a regional economic engine, facilitating 104,631 real estate transactions in 2021 valued at $35.5 billion.
  • Dain has been a REALTOR salesperson, broker-owner, MLS executive and vendor during his career in real estate.
  • NorthstarMLS licenses the use of its Common Data Platform (CDP) in Minnesota, Wisconsin, Missouri, Illinois and North Dakota (joining Q1, 2023) Learn more at https://www.northstarmls.com .

Equity Union expands with new branch to open in Toluca Lake

Retrieved on: 
Monday, September 12, 2022

LOS ANGELES, Sept. 12, 2022 /PRNewswire/ -- Today, Equity Union's CEO, Harma Hartouni, announced the addition of its seventh branch, to be located at 4404 Riverside Drive in Toluca Lake.

Key Points: 
  • The Toluca Lake branch will cater to an upscale clientele, providing advanced technology and multiple private offices.
  • This branch will be a central location servicing not only Toluca Lake and Burbank, but the surrounding east valley area.
  • Tom's knowledge, experience and passion to help others further elevates Equity Union as it continues its expansion with top tier new locations.
  • About Equity Union: Founded by Harma Hartouni, groundbreaking REALTOR and inspiring author of the memoir Getting Back Up, Equity Union was created to be a completely unique real estate company.

Equity Union expands to the Desert with Branches in Palm Springs and Palm Desert

Retrieved on: 
Friday, September 2, 2022

LOS ANGELES, Sept. 2, 2022 /PRNewswire/ -- Today, Equity Union's CEO, Harma Hartouni, announced the addition of two branches in Riverside County to be located in Palm Springs and Palm Desert.

Key Points: 
  • LOS ANGELES, Sept. 2, 2022 /PRNewswire/ -- Today, Equity Union's CEO, Harma Hartouni, announced the addition of two branches in Riverside County to be located in Palm Springs and Palm Desert.
  • With the addition of the new branches, Equity Union announced the expansion of its operations to open in the desert with temporary locations at the Flannery Exchange in Palm Springs and Fusion Workplaces in Palm Desert.
  • With these additional locations, Equity Union will operate 8 branches by the end of 2022.
  • About Equity Union: Founded by Harma Hartouni, groundbreaking REALTOR and inspiring author of the memoir Getting Back Up, Equity Union was created to be a completely unique real estate company.

The Cassina Group Hires Realtors® Gates Blair And Grover Maxwell IV

Retrieved on: 
Wednesday, August 31, 2022

CHARLESTON, S.C., Aug. 31, 2022 /PRNewswire-PRWeb/ -- Charleston's leading boutique real estate firm, The Cassina Group, hires experienced REALTORS® Gates Blair and Grover Maxwell IV. The two join the company's exclusive group of 37 REALTORS®, who continually serve among the top-producers in the Lowcountry real estate market.

Key Points: 
  • Charleston's leading boutique real estate firm, The Cassina Group, hires experienced REALTORS Gates Blair and Grover Maxwell IV.
  • CHARLESTON, S.C., Aug. 31, 2022 /PRNewswire-PRWeb/ -- Charleston's leading boutique real estate firm, The Cassina Group, hires experienced REALTORS Gates Blair and Grover Maxwell IV.
  • The two join the company's exclusive group of 37 REALTORS, who continually serve among the top-producers in the Lowcountry real estate market.
  • "Gates and Grover are wonderful additions to our team, and we are excited to see them thrive at Cassina."