NAR Study: Single women first-time buyers on the rise, and single men decline

The new NAR Profile of Home Buyers and Sellers 2024 is out! Release just before NAR NXT 2024 begins this week in Boston, it’s a study I look forward to unpacking every year. Already, the press coverage has uncovered several of these key trends from this report: Historic age spike in first-time buyers First-time home buyers' median age is now 38, the oldest recorded in the report's history, compared to the late 20s in the 1980s. This shift reflects how affordability issues, higher interest rates, and home prices are reshaping home buying. The delay in buying has significant implications for [...]

By |2024-11-07T06:25:46-08:00November 7th, 2024|Reports, Research|Comments Off on NAR Study: Single women first-time buyers on the rise, and single men decline

WAV Group Post-Settlement Survey Reveals restrictive Lockbox Policies Needs to be Reconsidered

Today, local Associations provide lockbox access only to their local members. Some provide 1-day access codes with an additional cost to those outside of their territory. Others flatly refuse to provide access to members of other associations or MLSs they deem competitive. In Louisiana, for example, there are three markets equidistant from one another. Two of the three have agreed to provide reciprocal access, yet refuse reciprocal access to the third.. This type of anti-competitive behavior is completely counter to earlier proposed agreements with the DOJ that required statewide lockbox access to all licensees.

By |2024-10-10T07:26:31-07:00October 9th, 2024|Associations, MLS, MLS Insights, Research, Suveys and Research|Comments Off on WAV Group Post-Settlement Survey Reveals restrictive Lockbox Policies Needs to be Reconsidered

Ambivalence Expressed about Association Services in WAV Group Post-Settlement Sentiment Survey

Local real estate associations play a crucial role in supporting agents and brokers, providing services that range from professional development to community engagement. But how do members perceive the value of these services? Our recent survey of real estate agents and brokers reveals valuable insights into which offerings resonate most and where associations might refine their focus to better serve their members.

By |2024-10-08T11:48:55-07:00October 8th, 2024|Associations, MLS, MLS Insights, Research, Suveys and Research|Comments Off on Ambivalence Expressed about Association Services in WAV Group Post-Settlement Sentiment Survey

WAV Group Releases 2024 Brokerage Technology Roadmap Part 4: Training and Support

If you have been following our Brokerage Technology Roadmap series, you have now assembled all the necessary pieces to build an impressive tech stack for your business.  However, the effectiveness of these technology solutions relies heavily on how well they are communicated and adopted by users.

By |2024-07-16T12:56:30-07:00May 15th, 2024|Broker Technology Research, Real Estate Technology, Research, Technology|Comments Off on WAV Group Releases 2024 Brokerage Technology Roadmap Part 4: Training and Support

Real AI: AI will make the big, bigger, latest AI trends, headlines, fast facts and AI Quote of the Week

By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 15 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting weekly. AI will make the big, bigger Today, AI is in the business news headlines everywhere you look. Within 12 hours this week, OpenAI, Google, and Meta announced new AI versions. The French AI startup Mistral also released its latest version. Meta is launching its third version of Llama. Google released Gemini Pro 1.5 at Google Next 24. OpenAI issued its final [...]

By |2024-05-10T10:52:07-07:00April 12th, 2024|Artificial Intelligence, PropTech, Real Estate Technology, Research, Technology, Uncategorized|Comments Off on Real AI: AI will make the big, bigger, latest AI trends, headlines, fast facts and AI Quote of the Week

Are Lockboxes the Industry’s next Trouble Spot?

In 2023, we asked over 250,000 agents and brokers how interested they would be in statewide lockbox access where they hold a license.  Nearly ¾ of respondents (72%) across multiple markets want statewide lockbox access. 

Real AI: Chatting with the ChatGPT app, real estate agents and Chatbot privacy dilemma, headlines and an AI Quote of the Week

By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 14 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting weekly. Chatting with the ChatGPT app A splash screen inside my ChatGPT app on my iPhone 14 recently popped up, inviting me to select a "voice." Its prompt was that I could converse with ChatGPT rather than a text search. So, I went into Settings, which is a little tricky to find. First, go to the top left of the screen [...]

By |2024-05-10T10:53:52-07:00April 5th, 2024|Artificial Intelligence, PropTech, Real Estate Technology, Research, Technology|Comments Off on Real AI: Chatting with the ChatGPT app, real estate agents and Chatbot privacy dilemma, headlines and an AI Quote of the Week

WAV Group Releases 2024 Brokerage Technology Roadmap (4-part series)

As the real estate industry continues to evolve at a rapid pace, brokerages face the challenge of staying competitive in a landscape dominated by well-funded search portals and technology-driven firms. To help navigate this complex terrain, the WAV Group is releasing its 2024 Brokerage Technology Roadmap, offering invaluable insights for brokerages and their technology partners. In the inaugural report of this four-part series, we delve into the crucial realm of website technology – a cornerstone of modern real estate operations. Here, we identify four essential components that are instrumental in equipping brokerages to thrive amidst fierce competition:

By |2024-07-16T12:54:44-07:00March 20th, 2024|Broker Technology Research, Real Estate Technology, Research, WAV Group Research|Comments Off on WAV Group Releases 2024 Brokerage Technology Roadmap (4-part series)

Building Bridges: The Case for Statewide Standardized MLS Rules

Real estate agents and brokers are no strangers to the challenges posed by multiple listing service (MLS) systems operating across different regions. This was highlighted in recent results from the WAV Group Customer Experience Index survey, which revealed agents’ and brokers’ desire for consistency in rules and regulations across all MLS systems statewide.

By |2024-03-05T13:59:13-08:00March 5th, 2024|MLS, MLS Insights, Research|Comments Off on Building Bridges: The Case for Statewide Standardized MLS Rules

Real AI: The magic of the prompt, AI dominates Connect NY, facts, headlines and the Quote of the week

By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 4 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. The magic of the prompt There’s a secret to maximizing the effectiveness of generative AI that every real estate practitioner who uses AI must know above all else: the key to unlocking the best AI has to offer is in your prompts. This is a universal AI truth. It does not matter if you are using [...]

By |2024-05-13T13:53:45-07:00January 26th, 2024|Artificial Intelligence, Broker Information, Broker-Agent Information, Communications and PR, Computer Vision, Industry Observations, News, PropTech, Real Estate Technology, Research, Suveys and Research, Technology, Thought Leadership|Comments Off on Real AI: The magic of the prompt, AI dominates Connect NY, facts, headlines and the Quote of the week

Real AI: Survey reveals real estate’s heavy use of AI, fast facts, five headlines, and a Quote of the Week

By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 3 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. AI survey reveals real estate’s heavy use, wide adoption A brand new study from real estate tech leader Delta Media shows the popularity and use of artificial intelligence (AI) in real estate has become nearly ubiquitous among America's leading real estate brokerages. Today, 75% of America's real estate brokerages already use AI technology, and almost 80% [...]

By |2024-05-13T13:54:32-07:00January 19th, 2024|Artificial Intelligence, Broker Information, Broker-Agent Information, Communications and PR, Computer Vision, Industry Observations, News, PropTech, Real Estate Technology, Research, Suveys and Research, Technology, Thought Leadership|Comments Off on Real AI: Survey reveals real estate’s heavy use of AI, fast facts, five headlines, and a Quote of the Week

Real AI: AI free-for-all, AI gets its own keyboard key, fast facts, top headlines and Quote of the Week

Real AI: AI free-for-all, AI gets its own keyboard key, fast facts, top headlines and Quote of the Week By Kevin Hawkins with Korey Hawkins | Vol. 2 Post 1 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. The AI free-for-all 2024 is signaling a messy year ahead for AI. Yesterday, Apple and Disney were told by the US Securities and Exchange Commission that they could not avoid shareholder votes calling for reports on their [...]

By |2024-05-13T14:00:23-07:00January 5th, 2024|Artificial Intelligence, Business Intelligence, Computer Vision, Real Estate Technology, Research, Technology|Comments Off on Real AI: AI free-for-all, AI gets its own keyboard key, fast facts, top headlines and Quote of the Week