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Did a Russian Ransomware Gang Breach the Federal Reserve?

Did a Russian Ransomware Gang Breach the Federal Reserve?

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Russian ransomware group LockBit claimed it hacked the Federal Reserve and will release the central bank’s confidential data, although independent confirmation of the alleged attack has not surfaced. According to combined media reports, the group made the claim on...
Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A new data study is predicting more than three-quarters of brokerages could become unprofitable if the industry fails to transform their operations once the National Association of Realtors’ (NAR) settlement changes how commissions are structured. The study by...
New Study Ranks the Best and Worst Markets for Real Estate Agents

New Study Ranks the Best and Worst Markets for Real Estate Agents

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Question: What are the best markets for today’s real estate agents? A new study has come up with some surprising answers. Clever Real Estate focused on the nation’s 50 most populous metro areas and number-crunched a series of metrics that included affordability,...
Case-Shiller: Home Prices Reach Another New High

Case-Shiller: Home Prices Reach Another New High

by Phil Hall | Jun 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Case-Shiller data points to a housing market where prices continue set record highs. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.3% annual gain in April, down from 6.5% the previous month. The 10-City Composite annual...
Deal Announced to Sell REcolorado MLS to Private Equity-Backed LLC

Deal Announced to Sell REcolorado MLS to Private Equity-Backed LLC

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) have signed a letter of intent to sell REcolorado, their multiple listing service (MLS), to a newly formed limited liability company (LLC) backed by a private equity...
Redfin Adds Enhancements to AI-Powered Home Design Tool

Redfin Adds Enhancements to AI-Powered Home Design Tool

by Phil Hall | Jun 25, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Seattle-headquartered Redfin (NASDAQ:RDFN) has added several enhancements to Redfin Redesign, its AI-powered home design tool. Introduced last December and powered by the room visualization platform Roomvo, Redfin Redesign enables buyers and sellers to upload a photo...
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