Latest news with #MLSs
Yahoo
22-05-2025
- Business
- Yahoo
Lake Superior Area REALTORS® partners with MLS Grid to manage real estate data feeds
SALT LAKE CITY, May 22, 2025 (GLOBE NEWSWIRE) -- Lake Superior Area REALTORS® has announced its adoption of MLS Grid to enhance and standardize data delivery for its members. This transition positions Lake Superior as the latest MLS to join MLS Grid, furthering the goal of creating marketplace efficiency by streamlining data transfers across real estate markets nationwide and providing standardized vendor licenses. With over 500 MLSs operating nationwide, brokerages often face challenges in combining data from multiple markets to support websites, marketing systems, market analytics, showing services, lockbox services, and brokerage management systems. "We have discovered a partner in MLS Grid who shares our dedication to simplifying data management for our subscribers and the consumers who depend on them," said Brenda Barnhardt, Interim CEO. 'MLS Grid will enable us to streamline the processes for data licensing, billing, distribution, and online compliance, making them faster and more efficient." MLS Grid's leadership boasts more than 60 years of combined MLS experience. The company is run by MLS executives and developers who understand the industry and the challenges brokers and associations face in a rapidly evolving market. "Regardless of their size, MLSs encounter similar challenges in managing data feeds and licensing. Our streamlined process significantly reduces the time and resources required by MLS staff," said MLS Grid CEO, Joseph Szurgyi. " "We are now assisting MLSs and brokers throughout Wisconsin and Minnesota to collaborate effectively, achieve shared objectives, and implement the crucial RESO data standards." About Lake Superior Area REALTORS® Lake Superior Area REALTORS® was formed in 2017, because of a merger between the Duluth Area Association of REALTORS® and the Superior Area Association of REALTORS®. Lake Superior Area REALTORS® provide services to their members, including education, the multiple listing service, legislative advocacy, professional standards enforcement, and more. About MLS Grid Currently representing nearly 360,000 MLS subscribers, MLS Grid was built by a nationwide network of multiple listing services to help real estate brokers, technology partners, and MLSs to provide easier access to standardized, streamlined data. The goal of MLS Grid is to offer a single point of access and management for RESO standardized data that is provided by MLSs and brokers. MLS Grid eliminates technology development and other redundancies through MLS collaboration while allowing MLSs to preserve their "localization" of standardized data. MLS Grid has successfully worked with data from connectMLS, Matrix, Paragon, Realtracs MLS, and Flexmls systems. More information is available at CONTACT: Joseph Szurgyi MLS Grid 801-244-5742 joseph@ Brenda Barnhardt Lake Superior Area REALTORS® 218-728-5676 brenda@
Yahoo
22-05-2025
- Business
- Yahoo
Fla.'s Housing Market: Rising Inventory, Easing Median Prices in April
ORLANDO, Fla., May 22, 2025 /PRNewswire/ -- Florida's housing market reported more inventory of for-sale homes (active listings) and easing median prices in April compared to a year ago, according to Florida Realtors®' latest housing data. "Florida's home buyers and sellers are continuing to adjust to the normalization of the state's housing market, a welcome sign for those who have been waiting for more inventory and a cooling off of the incredibly hot market we have had over the past few years," said 2025 Florida Realtors® President Tim Weisheyer, broker-owner, Dream Builders Realty and dbrCommercial Real Estate Services in Central Florida. "More for-sale inventory creates increased opportunities for homeownership. "From the Panhandle through Central Florida to the Keys, consumers can turn to one of Florida's Realtors® – experienced real estate professionals in their local communities who guide consumers through the complex process of buying or selling a home." In April, closed sales of existing single-family homes statewide totaled 23,572, down 4.5% year-over-year, while existing condo-townhouse sales totaled 8,710, down 14.8% over April 2024. Closed sales may occur from 30- to 90-plus days after sales contracts are written. "The number of single-family homes that were listed for sale in Florida's Multiple Listing Services (MLSs) in April was 2.7% higher than a year ago," said Florida Realtors Chief Economist Dr. Brad O'Connor. "That's the smallest year-over-year increase for new listings that we've seen so far this year, but it's still a sign that a rising number of homeowners who were waiting for mortgage rates to fall before selling have become resigned to the idea that rates may not be going down to the levels they originally hoped – at least not any time soon. Life events happen and housing needs change over time. "Closed sales of single-family homes fell 4.5% in April compared to a year ago and are now down a little under 3% for the year overall. Affordability continues to be the No. 1 issue impeding sales growth around the state." The statewide median sales price for single-family existing homes last month was $412,734, down 4% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month's statewide median price for condo-townhouse units was $315,000, down 6% over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less. "As long as mortgage rates stay about where they are now, we should continue to expect some price erosion in most markets around the state – particularly in those markets where there's still a lot of competition from new construction," O'Connor explained. "That could all change, however, if mortgage rates start trending downward closer to 6%, which would spur more buyer competition. "There is still a lot of latent housing demand out there with lots of would-be buyers just waiting for affordability to improve enough for them to jump into the market." On the supply side of the market, new listings for existing single-family homes were up 2.7% last month compared to compared to April 2024. New listings for condo-townhouse units in April were down 2% year-over-year. Looking at the state's condo-townhouse market, O'Connor said, "Condos continue to face all of the demand-weakening factors that have impacted the single-family home market like high mortgage and insurance rates, but on top of that, they have been affected by association fees rising to meet the new reserve requirements, and they have been more difficult to secure financing for." Inventory (active listings) for both property categories rose in April: Single-family existing homes were at a 5.6-months' supply while condo-townhouse properties were at a 10.3-months' supply. To see the full statewide housing activity reports, go to the Florida Realtors Newsroom and look under Latest Releases or download the April data report PDFs under Market Data. Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to about 238,000 members in 50 boards/associations. Florida Realtors® Newsroom website is available at View original content to download multimedia: SOURCE Florida Realtors Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Fla.'s Housing Market: Rising Inventory, Easing Median Prices in April
ORLANDO, Fla., May 22, 2025 /PRNewswire/ -- Florida's housing market reported more inventory of for-sale homes (active listings) and easing median prices in April compared to a year ago, according to Florida Realtors®' latest housing data. "Florida's home buyers and sellers are continuing to adjust to the normalization of the state's housing market, a welcome sign for those who have been waiting for more inventory and a cooling off of the incredibly hot market we have had over the past few years," said 2025 Florida Realtors® President Tim Weisheyer, broker-owner, Dream Builders Realty and dbrCommercial Real Estate Services in Central Florida. "More for-sale inventory creates increased opportunities for homeownership. "From the Panhandle through Central Florida to the Keys, consumers can turn to one of Florida's Realtors® – experienced real estate professionals in their local communities who guide consumers through the complex process of buying or selling a home." In April, closed sales of existing single-family homes statewide totaled 23,572, down 4.5% year-over-year, while existing condo-townhouse sales totaled 8,710, down 14.8% over April 2024. Closed sales may occur from 30- to 90-plus days after sales contracts are written. "The number of single-family homes that were listed for sale in Florida's Multiple Listing Services (MLSs) in April was 2.7% higher than a year ago," said Florida Realtors Chief Economist Dr. Brad O'Connor. "That's the smallest year-over-year increase for new listings that we've seen so far this year, but it's still a sign that a rising number of homeowners who were waiting for mortgage rates to fall before selling have become resigned to the idea that rates may not be going down to the levels they originally hoped – at least not any time soon. Life events happen and housing needs change over time. "Closed sales of single-family homes fell 4.5% in April compared to a year ago and are now down a little under 3% for the year overall. Affordability continues to be the No. 1 issue impeding sales growth around the state." The statewide median sales price for single-family existing homes last month was $412,734, down 4% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month's statewide median price for condo-townhouse units was $315,000, down 6% over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less. "As long as mortgage rates stay about where they are now, we should continue to expect some price erosion in most markets around the state – particularly in those markets where there's still a lot of competition from new construction," O'Connor explained. "That could all change, however, if mortgage rates start trending downward closer to 6%, which would spur more buyer competition. "There is still a lot of latent housing demand out there with lots of would-be buyers just waiting for affordability to improve enough for them to jump into the market." On the supply side of the market, new listings for existing single-family homes were up 2.7% last month compared to compared to April 2024. New listings for condo-townhouse units in April were down 2% year-over-year. Looking at the state's condo-townhouse market, O'Connor said, "Condos continue to face all of the demand-weakening factors that have impacted the single-family home market like high mortgage and insurance rates, but on top of that, they have been affected by association fees rising to meet the new reserve requirements, and they have been more difficult to secure financing for." Inventory (active listings) for both property categories rose in April: Single-family existing homes were at a 5.6-months' supply while condo-townhouse properties were at a 10.3-months' supply. To see the full statewide housing activity reports, go to the Florida Realtors Newsroom and look under Latest Releases or download the April data report PDFs under Market Data. Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to about 238,000 members in 50 boards/associations. Florida Realtors® Newsroom website is available at View original content to download multimedia: SOURCE Florida Realtors
Yahoo
25-03-2025
- Business
- Yahoo
Realtor group releases new policy designed to settle fight over secret home listings
The National Association of Realtors unveiled a new policy designed to settle a long-simmering fight over how new home listings are marketed by giving sellers more flexibility in the process. The policy — a compromise to an industry dispute over semi-secret home listings — leaves rules requiring agents to list homes on shared databases known as multiple listings services (MLS) intact, but adds an option for sellers to delay broadly advertising their homes online for some time. The exact timeframe will be set by individual MLSs. In practice, that means most real estate agents will have access to the full slate of listings, but some homes may not immediately be viewable to the public on websites like Zillow and Redfin. Sellers who opt for these 'delayed marketing exempt listings' must sign a disclosure saying they understand the risks of foregoing immediate public marketing of their homes. The exempt homes will still appear on the MLS and be visible to those who have access to the databases. 'These policy changes allow for greater choice for sellers in marketing their properties while considering buyers' need to access information through MLSs,' NAR President Kevin Sears said in a statement. The compromise comes amid a years-long fight over a requirement that agents list homes on the MLS within one business day of beginning to market the properties. That rule, known as the Clear Cooperation Policy, is designed to reduce what are known as 'off-market' or 'pocket' listings, where a home for sale is marketed semi-privately to small pools of potential buyers without being advertised widely on the MLS. Clear Cooperation has fierce supporters and detractors within the real estate industry. Fair housing advocates support the policy, as do some leaders of brokerages and online real estate platforms like Zillow, saying it aids transparency and helps sellers get higher prices for their homes. But other agents and brokerage executives oppose the strict listing requirement, arguing it limits seller choice. Pocket listings make up a small percentage of the overall market and are most common in high-end real estate. Celebrities are often keen on keeping a transaction low-profile, and some sellers want the option to test their listing prices without having the stigma of price cuts and growing days on market on a public posting. After facing litigation, the NAR began a months-long review of Clear Cooperation and consulted with MLS leaders, brokerages, agents, multicultural groups, and other industry experts to develop the new rule. The new policy, known as 'Multiple Listing Options for Sellers,' is in effect immediately and must be implemented by Sept. 30. Clear Cooperation and individual MLS submission deadlines also remain in effect. Claire Boston is a senior reporter for Yahoo Finance covering housing, mortgages, and home insurance. Sign in to access your portfolio
