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Are you using artificial intelligence to send the right message to consumers at the right time, especially when it comes time for core services?

Zillow’s 3D home tours now will automatically syndicate to appear on Redfin, a move it says benefits real estate agents by making it easier to share the view-attracting tours.

Last Friday, REX Homes announced over Zoom that the vast majority of its 180 workers would be laid off, sources say.

As home prices have increased exponentially over the past two years, so has the size and dollar amount of down payments, according to Realtor.com.

Sentiment about the housing market is shifting, according to RealTrends Q2 2022 BrokerPulse survey. Only 32% of those brokerage leaders surveyed expect sales to be up 5% or more, compared to 48% in the Q1 2022 survey. Some 42% of those surveyed expect home sales to be down in the next three months.

Although Oregon Gov. Kate Brown signed into law a bill banning real estate-related love letters, a federal judge objected.

During the first quarter, the brokerage realized $61.6 million in revenue, a 562% increase from the $9.3 million in revenue in Q1 2021.

RealTrends reached out to broker/owner of Premier Realty Group, Jessica Bohner, to learn more about the real estate market in her coastal Florida area and hear what advice she’d give someone starting out in real estate. 

eXp World Holdings CEO Glenn Sanford will speak on brokerage and agents trends, and offer insight into the changing market and brokerage of the future at this year’s RealTrends Gathering of Eagles.

Today’s RealTrending features Smokey Garrett, operating partner for Keller Williams The Go Network, ranked No. 11 by transaction size, and No. 15 by sales volume in the 2020 RealTrends 500 rankings. Smokey talks about the upcoming market change, what brokerage leaders can do to prepare and the actions he took during the Great Recession to help his network through industry challenges.