The typical down payment for U.S. homebuyers soared to a record high of $67,500 in June, up nearly 15% from $58,788 a year earlier, according to a new report from Redfin. The increase in down payments came despite a slowdown in home price growth (4%). Redfin economists attributed it to the quirks of the current market, where…
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While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors‘ (NAR) nationwide commission lawsuit settlement agreement, others have taken it a step further and are betting their companies on it. Meet the AI real estate agent. Unlike human agents, these…
Digital closing provider Snapdocs has automated its digital closing revenue management system to help the firm create a faster and more transparent process for clients. In partnering with BillingPlatform, the billing and revenue management solution provides “the automation, scale and flexibility to launch and bill for our core and new products as our business continues…
The Coldwell Banker brand is continuing its summer of growth. On Tuesday, Coldwell Banker Realty announced the affiliation of top-ranked small team The Lara & Chelsea Collaborative. Founded and run by Lara O’Rouke and Chelsea Robinson, the team — which consisted of five agents in 2023 — serves clients in the Wellesley, Massachusetts, area. The…