THE WAV GROUP, Author at WAV Group Consulting

Top 10 REALTOR® Associations and Total REALTORS® by State

NAR just released its July 31, 2010 National Association of REALTORS® Monthly Membership Report. Below are some interesting findings: NAR reports that the total number of REALTORS® in America at the end of July, 2009 was 1,112,645. At the end of July 2010, NAR reported the number of REALTORS® in America was down 3.85%, making the current total 1,088,703. In this same national report, it is not surprising given the economy that every state’s total number of REALTORS® has dropped several percentage points. Currently, the top 10 states with the highest number of REALTORS® include: 1.) California- a. Last July [...]

By THE WAV GROUP|2010-08-25T17:59:10-07:00August 25th, 2010|Main category, MLS Insights|2 Comments

CoreLogic launches anti-fraud product
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CoreLogic launches anti-fraud product

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CoreLogic launches anti-fraud product

Wednesday, August 25th, 2010, 4:58 pm US housing data aggregator CoreLogic is now offering a short sale fraud detection tool that monitors the property even after the sale is completed. Nearly two weeks ago, CoreLogic announced that short sales has cost lenders nearly 300 Million in 2010. “Today lenders, to a higher point than ever before, are dealing with foreclosure and dealing with borrowers,” said VP of Fraud Solutions at CoreLogic, Frank McKenna, “and with an estimated 400,000 short sales to be negotiated with real estate agents, there needed to be a way to make sure all offers on a property [...]

By THE WAV GROUP|2018-05-03T21:26:03-07:00August 25th, 2010|Main category|Comments Off

CMLS Chicago information

The annual CMLS (Council of MLS) conference is coming up soon! RETechnology and WAV Group will be there. Don’t miss the biggest MLS conference ever (registered attendance is the highest in history already). Keep up on the very latest information regarding the upcoming CMLS 2010 Conference Insight Into The Future in Chicago, Illinois, September 29 through October 1. - Like us on Facebook by finding the “CMLS 2010 Chicago: Insight Into The Future” page. - Follow us on Twitter by finding CMLSConference. - Join our group on LinkedIn CMLS 2010 Chicago: Insight Into The Future. Connect up with CMLS 2010 now and you will continue to [...]

By THE WAV GROUP|2010-08-25T17:55:47-07:00August 25th, 2010|Main category|Comments Off

How To Set-Up A Facebook Fan Page

Due to a high level of interest in learning more about Facebook Fan Pages, we have researched and provided the following step-by-step approach to setting up a Facebook Fan Page. We hope you enjoy! Without a doubt it can be tricky to locate the “Add a Facebook Page.” To jump straight to this page, and avoid the multi-step navigation process outlined below, here is the link: http://www.facebook.com/pages/create.php If you cannot access the “Create a Page” link above, follow the below steps. 1.) Go to the home page of your personal Facebook page, and click the Account button 2.) Click “Account” and [...]

By THE WAV GROUP|2018-05-03T21:26:03-07:00August 18th, 2010|Broker Technology Research, Broker-Agent Information, Main category, MLS Insights|Comments Off

Listing Book LLC to Acquire Cyberhomes.com

Press Release Listingbook LLC Enters into a Definitive Agreement with LPS Real Estate Group to Acquire Cyberhomes.com Listingbook will continue to operate the website as a ‘best-in-class online real estate destination powered by LPS premier data aggregation services JACKSONVILLE, Fla. and GREENSBORO, N.C. Aug. 3, 2010 Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, announced today that its subsidiary, LPS Real Estate Group, Inc., and Listingbook LLC, a leading provider of broker and agent client servicing applications, have signed an agreement for Listingbook to take over [...]

By THE WAV GROUP|2018-05-03T21:26:03-07:00August 3rd, 2010|Main category, MLS Insights|1 Comment

CoreLogic Extends Data Licensing Agreement with the Houston Association of REALTORS® (HAR)

CORELOGIC AND HOUSTON ASSOCIATION OF REALTORS® EXTEND DATA LICENSING AGREEMENT SANTA ANA, Calif., Aug. 2, 2010 CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced that it has renewed and expanded its longstanding data licensing agreement with the Houston Association of REALTORS® (HAR). The agreement extends the permitted uses of HARs listing data beyond automated valuation models (AVMs) to other risk management solutions. Under the agreement, HAR will also join the CoreLogic MarketLinx Data Co-op, which facilitates the sharing of real estate listings with other multiple listing services (MLSs) around the country, and will provide [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00August 2nd, 2010|Main category, MLS Insights|Comments Off

Why Foreclosures are really bad for home ownership
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Why Foreclosures are really bad for home ownership

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Why Foreclosures are really bad for home ownership

According to this research from Harvard and MIT, reprinted below from Housing Wire, A foreclosure reduces the value of a house by 27%, on average, and accounts for a much steeper price drop than other forced sales (like death). Despite every effort by the US Government to buoy the housing market, they have not been able to stem the rash of foreclosure. This is not necessarily being brought upon us by the worse employment market in history. It is compounded by “Strategic defaults” that continue at an alarming rate. These are defaults by homeowners who can afford to pay their mortgage, but choose [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 27th, 2010|Main category|Comments Off

The future of online advertising

There may be an opportunity now for MLSs to partner with Newspapers to provide the services offered to them by Trulia, Zillow, and Homefinder - but will they? For those of us who are old enough to remember the birth of online advertising, you will recall its first steps - text descriptions of properties. It was a simple construct - take the news classifieds and make them viewable online. Then came the birth of .jpg compression - allowing film to be scanned and published online. The publishing industry and the early MLS industry understood this process only too well - those [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 26th, 2010|Main category|Comments Off

MLS needed for Social Media Pilot Program
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MLS needed for Social Media Pilot Program

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MLS needed for Social Media Pilot Program

WAV Group has been working with many MLSs to understand the complex balance between protecting MLS content and supporting the needs of subscribers who are looking to publish listing content on social media sites like facebook. A technology vendor is seeking an MLS partner help pilot a program. The goals of the pilot are to insure that the product does the following. 1. Supports agents and brokers who want to publish their listings to facebook 2. Protects MLS content digital rights and adheres to MLS rules and regulations 3. Provides ease of use for agents and brokers If you want [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 21st, 2010|Main category|Comments Off

Third Parties making money from disorganized real estate

My Rant - WAV Group has been pretty outspoken about third party listing websites. They exist because brokers, MLSs, and Associations have not elevated their thinking about listing syndication. I think that it is time for CMLS, NAR, Realty Alliance, or some mutual benefit organization to step up and harness listing distribution and revenues from listing distribution to return revenue to its rightful owner - the brokers. Here are the problems 1. Data that appears on third party listing websites is grossly inaccurate - as high as 40% in some markets. Inaccurate data leads to bad leads, irritated home buyers [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 9th, 2010|Broker-Agent Information, Main category|Comments Off

A lesson from a departed friend – Chris Warner

We write so much in our industry about stuff. Stuff like technology, politics, data and other topics dominate our blogs and daily reading but today I want to share a few thoughts about a person that many of you may not know, Chris Warner, who was very important to me, and others, in our early days in our industry. Chris recently passed away. Chris and I, like many of our cohorts in our industry, worked together at PRC Realty Systems in the 80’s when the whole MLS industry was in the process of becoming computerized. I actually learned of Chris’s [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 7th, 2010|Clients, Main category, MLS Insights, Our Company|Comments Off

RE Technology updates server environment
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RE Technology updates server environment

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RE Technology updates server environment

All very cool and exciting stuff. We are very fortunate to be positioned on the intersection where the primary fiber optic passes between the United States and Asia. From San Luis Obispo, the fiber gets split and moved north to San Jose and south to Los Angeles. RE Technology is pleased to announce our hosting facility has levereged this location in to improve our services. Over the last 18 months, our hosting partner planned Northern and Southern backbone upgrades, as well as peering and transit hand-off upgrades at RE Technology hosting locations in Los Angeles and San Jose. Up until [...]

By THE WAV GROUP|2018-05-03T21:26:04-07:00July 1st, 2010|Main category|Comments Off

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