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California Home Prices Record First Year-Over-Year Uptick Since October

California Home Prices Record First Year-Over-Year Uptick Since October

by Phil Hall | Aug 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s median home price exceeded $800,000 in July for the fourth straight month and recorded its first year-over-year gain in nine months, according to new data from the California Association of Realtors (CAR). The statewide median price was $832,340...
Colliers Names Badal Yagnik as CEO for India

Colliers Names Badal Yagnik as CEO for India

by Phil Hall | Aug 17, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Colliers (NASDAQ: CIGI) announced the appointment of Badal Yagnik as CEO for India. Yagnik is based in Gurgaon and will collaborate with Sankey Prasad, Colliers’ chairman and managing director for India. Before joining Colliers, he was a managing director at...
CBRE Reduces Near-Term Lodging Sector Outlook, Citing Weak Summer Demand

CBRE Reduces Near-Term Lodging Sector Outlook, Citing Weak Summer Demand

by Phil Hall | Aug 17, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE (NYSE:CBRE) reduced its 2023 forecast for hotel performance, citing a weaker-than-expected summer demand that created a second quarter revenue per available room (RevPAR) shortfall. The revised forecast is now predicting a 2023 RevPAR of $96.64, up 4.6%...
Tech Trends: Is Your Online Presence Working For You?

Tech Trends: Is Your Online Presence Working For You?

by Tony Garritano | Aug 17, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, Tech Trends, WRE News Exclusive

Most mortgage transactions start online these days. What does that mean? You need a great point-of-sale (POS) system to be competitive. But what makes a POS truly great? First, a good POS should grow with you. For example, Maxwell (https://himaxwell.com/) launched...
Bill On Broker Payments Creates Political Scuffle in NYC Council

Bill On Broker Payments Creates Political Scuffle in NYC Council

by Phil Hall | Aug 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bill before the New York City Council that would reassign the responsibility for paying real estate broker fees has resulted in complex maneuvering after a real estate trade group reportedly attempted to block it from being heard. The New York Daily News reported...
Movement Mortgage Taps Andrew Chevalier As Market Leader

Movement Mortgage Taps Andrew Chevalier As Market Leader

by Phil Hall | Aug 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Movement Mortgage has announced the appointment of Andrew Chevalier as a market leader. In his new job, he will be focused on expanding the company’s presence in the Illinois and Wisconsin markets. Chevalier comes to Movement Mortgage from Granite State Credit Union,...
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