A massive outage across multiple MLSs nationwide, caused by a cyberattack on a technology vendor, was one of the biggest events in real estate tech this year. Artificial intelligence applications in the real estate business, which are advancing at breakneck speed, also grabbed plenty of headlines. But more practical, everyday cybersecurity advice proved helpful as well. Here are five of REALTOR® Magazine's top technology articles in 2023.
THE FUTURE OF BUYER COMMISSIONS With the multiplying class action suits, you must be informed about what's at stake, how it is likely to impact you, and what you can and should do to insulate your business against possible changes >> MORE
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In the News
Supply, interest rates align for a promising 2024 in the housing market Heading into the new year, the housing market is showing positive signs with a year-over-year increase in housing inventory in November, according to Realtor.com, which could lead to more competition and potentially lower home prices. Additionally, mortgage rates are gradually declining after reaching their highest level in over two decades. Full Story: CBS News (12/21)
Lawmakers move to ban trigger leads in mortgages The House of Representatives and the Senate have introduced bills to amend the Fair Credit Reporting Act, effectively outlawing the practice of trigger leads, in which credit bureaus inform mortgage lenders when they receive a credit report request from another lender on a mortgage loan application. This notification frequently results in unsolicited approaches from the lenders to the applicant and a several financial trade associations have welcomed moves to end the practice. Full Story: Consumer Finance Monitor (12/19)
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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