Multiple listing service

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

Retrieved on: 
Thursday, December 21, 2023
Report, Multiple listing service, MLS, DOM, Growth, New home sales, Chocolate liquor, Cryptocurrency

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
Report, Multiple listing service, MLS, DOM, Anomaly, New home sales, Chocolate liquor, Cryptocurrency

"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
Statistics, Partnership, Multiple listing service, Freddie Mac, State, MLS, Sale, News, Housing, Total, Internal Revenue Service, Average revenue per user, Fed, NAR, REO, CoreLogic

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
Apps, Applications, Technology, Construction & Property, Millennials, Other Technology, Generation X, Consumer, Other Construction & Property, Residential Building & Real Estate, Multiple listing service, United, MLS, Property, PulteGroup, Housing, Real estate, Lennar

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
Class Action Lawsuit, Professional Services, Legal, Justice, Multiple listing service, National Association of Realtors, MLS, Fear, District court, File, Keller Williams Realty, Lawyer, Texas Association, Real estate, Practice of law

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
Sale, MLS, Guinness World Records, Automation, Multiple listing service, BDX, Research, Guinness, Homes.com, Zillow, Real estate, Medical device

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.

Competition Bureau reaches agreement to protect real estate competition in the Northwest Territories

Retrieved on: 
Wednesday, November 29, 2023
Competition Tribunal, Competition Bureau, Multiple listing service, The Competition Act, 2002, Competition Act, Commissioner, Property management, Real estate, Bureau, QC

GATINEAU, QC, Nov. 29, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with the Northwest Territories Association of Realtors (NWTAR) to address concerns with its membership practices in the real estate sector.

Key Points: 
  • GATINEAU, QC, Nov. 29, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with the Northwest Territories Association of Realtors (NWTAR) to address concerns with its membership practices in the real estate sector.
  • The Bureau concluded that the NWTAR's conduct was contrary to the abuse of dominance provisions of the Competition Act.
  • NWTAR is a trade association that represents real estate agents and salespeople in the Northwest Territories.
  • A consent agreement has the force and effect of a court order once it is registered with the Competition Tribunal.

Honestdoor shakes up real estate industry with $500 MLS listings for Canadian homeowners

Retrieved on: 
Tuesday, November 21, 2023
Lawyer, MLS, Property, AB, Multiple listing service, Auction, Real estate

With this new service, HonestDoor continues to redefine the real estate industry by offering a unique opportunity for homeowners to take control of their property listings.

Key Points: 
  • With this new service, HonestDoor continues to redefine the real estate industry by offering a unique opportunity for homeowners to take control of their property listings.
  • Homeowners can now list their properties on the MLS network across Canada, with listings that also appear on Realtor.ca, one of the nation's leading real estate platforms, within as little as 24 hours.
  • "Our brokerage service offers a compelling alternative to traditional real estate listings," said Daniel Belostotsky, co-founder and CEO of HonestDoor.
  • With its significant data resources and growing website traffic, HonestDoor is poised to become a prominent player in the online real estate portal industry.

NewHomesMate Expands to Atlanta, Connecting Buyers With the City’s Growing Stock of New Homes

Retrieved on: 
Thursday, October 26, 2023
Interior Design, Architecture, Residential Building & Real Estate, Construction & Property, Urban Planning, Building Systems, PulteGroup, Pressure, Multiple listing service, Face, City, Housing, Property, MLS, United, Real estate, Lennar

With the city’s population having grown by almost two million since 2005, current estimates suggest a shortage of up to 350,000 homes.

Key Points: 
  • With the city’s population having grown by almost two million since 2005, current estimates suggest a shortage of up to 350,000 homes.
  • New construction homes are alleviating some of this pressure, with Atlanta among the United States’ top five cities for new homes built so far in 2023.
  • Likewise, data suggests that nearly a third of all homes sold in the metro Atlanta area in recent months were newly constructed.
  • Operating in 13 markets with up to 97% of the available new home stock listed, NewHomesMate has already assisted over 29,000 buyers in their search.

Texas new home sales decline, yet market remains “strong and steady”

Retrieved on: 
Tuesday, October 24, 2023
Anomaly, United States Department of Commerce, Report, Face, DOM, Realtors Association of Hamilton-Burlington, Commerce Department trade mission controversy, Chocolate liquor, New home sales, Growth, MLS, Multiple listing service, Cryptocurrency, Drug

"The Texas new home market remains strong and steady," said Ben Caballero, America's No.

Key Points: 
  • "The Texas new home market remains strong and steady," said Ben Caballero, America's No.
  • In Texas' top four markets, last month's 3-month moving average new home price was $458,814 versus $460,060 in August.
  • According to the HomesUSA.com New Home Sales Index, the pace of new home sales peaked in three of the four major markets where Days on Market improved.
  • The report features 3-month and 12-month moving averages for six essential market data, including Days on Market, sales volume, sales prices, a sales-to-list price ratio, pending sales, and active listings.