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Pricing discussions with sellers is both an art and a science. Comparable listings data have always played a key role in determining asking price, as do algorithmic tools like automated valuation models (AVMs), but real estate agents say those values are a useful starting point—not a final valuation. That’s where their local knowledge about a…

The post How Brokers Are Pivoting Pricing Conversations Amid Rise in AI-Driven Valuations appeared first on RISMedia.

Consumer’s economic expectations remain muted for another month as the Iran War continues to hold the economy back, according to the latest data from the University of Michigan. University of Michigan’s latest Consumer Sentiment Index found that sentiment fell only 0.1 points in October, shifting ever so slightly from 48.1 in September to 48 in…

The post Consumer Sentiment Flat, Iran War Continues to Hold Expectations Back appeared first on RISMedia.

Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon.  Midterm mortgage moves. With the midterm elections approaching fast, President Donald Trump signed an executive order Thursday aimed at cutting costs for title and mortgage insurance and manufactured housing. Titled “Decreasing Housing Costs for the…

The post Mortgage Mix: Trump Issues Housing EO Ahead of Midterms; Treasury Reveals Investor Ban Plan appeared first on RISMedia.

The conversation surrounding renting vs. homeownership has been contentious for some time now. The question as to whether it’s cheaper to rent or to buy a home is not clear cut, as several factors can impact both arguments. One recent study—conducted by researchers from Zillow and the online marketplace platform Thumbtack—examines the hidden costs of…

The post Report: Renting vs. Homeownership Debate Continues as Insurance Outweighs Property Taxes in ‘Hidden Costs’ appeared first on RISMedia.

Three separate federal lawsuits involving Compass and seven different MLSs are now making their way through the (often slow-moving) civil litigation process, marking a clear new level of conflict between incumbents defending long-running industry practices and deep-pocketed disruptors with new priorities. The confrontation comes after more than a year of fast-escalating tensions, in which the…

The post The Morning After: Compass Hedges on Future Lawsuits; CMLS Preps Legal Defense Fund appeared first on RISMedia.