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Upstream Officially Rolls Out

May 14, 2018 by

Three years after it was announced to the industry, Upstream has launched, first as a direct input in the Regional Multiple Listing Service (RMLS) in Portland, Ore., and as a broker direct feed for the Arizona Regional Multiple Listing Service (ARMLS) in Phoenix, and Dallas’ North Texas Real Estate Information Systems (NTREIS). The Ann Arbor Area Board of REALTORS® in Michigan, the Austin Board of REALTORS® (ABOR) in Texas, the California Regional Multiple Listing Service (CRMLS), NorthstarMLS in Minnesota, Realcomp in Michigan, and West Penn Multi-List in Pennsylvania are all expected to follow.

To join the platform, brokerages must sign three documents: a Participation Agreement, an MLS Data Agreement, and a Vendor Contract Authorization. The MLS Data Agreement allows for feeds to be managed in Upstream, and the Vendor Contract Authorization informs vendors of the brokerage’s participation on the platform, and authorizes Upstream to work with them directly on integration. According to an announcement by the platform, brokerages including Baird & Warner, Howard Hanna Real Estate Services and Long & Foster Real Estate have already signed the Participation Agreement.

With the ball now rolling, Upstream anticipates it will add to five to six markets per month—prioritized by broker/MLS participation and market size—and reach 250,000 agents by the end of 2018.

“You don’t have to look very far into any news feed to find a story of data breaches, unauthorized or misuse of data or entities gaining disproportionate gains on the sale of data,” says Dan Elsea, chairman of Upstream and president of Brokerage Services for the Real Estate One Family of Companies. “Our industry, of course, is based on data, so it is imperative that each broker and real estate practitioner be able to manage and control their data. Upstream provides that opportunity for our industry, and it is wonderful to have our roll-out underway. We want to thank the MLSs and brokers who have worked so hard with all the Upstream partners to put together what is really an unprecedented industry program. Look for Upstream to be coming to your market shortly as we roll out across the country.”

The launch follows Upstream CEO Alex Lange’s discussions with the Department of Justice and Federal Trade Commission, in which he answered antitrust-focused inquiries. On June 5, the DOJ and FTC will host a public workshop on competition in real estate.

Ahead of the workshop, the National Association of REALTORS® (NAR), which has invested in Upstream, issued a statement, asserting that “the real estate market is vibrant, healthy and vigorously competitive. Technology innovation in the real estate industry is robust, and the notion that real estate isn’t highly competitive and listing data not readily available is unsubstantiated. To the contrary, a wealth of listing data is available to consumers and technology companies from a multitude of sources, and REALTORS® provide their clients and consumers with more real estate information today than has ever been available.”

Upstream and its counterparts, including the Broker Public Portal, were discussed earlier this year during a California Association of REALTORS® (C.A.R.) forum, where executives from MLSs and organizations in real estate addressed the challenges facing the MLS.

At RISMedia’s 2016 Real Estate CEO Exchange, Lange likened Upstream to Google Drive for its capabilities like permissions: “Upstream is just a platform—no one at Upstream can see the data, touch the data, or control the data.”

Stay tuned to RISMedia for more developments.

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Upstream Officially Rolls Out appeared first on RISMedia.

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Housing Market Recovery Rolls On as Groundbreaking Rises

Oct 18, 2014 by

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Housing Starts
Daniel Acker/Bloomberg via Getty Images

By Jason Lange

WASHINGTON — U.S. housing starts and permits rose in September, a signal the market’s modest recovery is supporting what appears to be growing strength in the broader economy.

Groundbreaking rose 6.3 percent to an annual 1.02 million unit pace, the Commerce Department said Friday.

Economists polled by Reuters had forecast a slightly smaller gain.

Housing is clawing back after it imploded during the 2007-2009 financial crisis and recession. It suffered a setback last year when interest rates spiked, but rates have been falling lately.

The average 30-year mortgage rate dropped last week to its lowest level since June 2013, and the level of housing starts is not far from a seven-year high.

“If you look at the trend, you are still seeing an upward trajectory,” said Michelle Meyers, an economist at Bank of America Merrill Lynch in New York.

U.S. stock futures jumped following a batch of solid corporate earnings reports and on hopes the Federal Reserve might slow the winding down of its stimulus in light of recent weakness in the global economy. Yields on U.S. government debt, however, extended gains after the release of the housing data.

New housing starts for single-family homes, the largest part of the market, rose 1.1 percent in September, while the more volatile multifamily homes segment jumped 16.7 percent.

Permits advanced 1.5 percent to a 1.02 million unit pace last month.

-With additional reporting by Richard Leong in New York.

 

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Ed Hardy Designer Relists LA Home, Minus the Rolls Royce

Apr 3, 2014 by

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bedroom Christian Audigier Home Los Angeles
ZillowThe house shows off Audigier’s nouveau taste, with designer touches such as upholstered leather headboards.
Macy's Passport to Fashion Arrivals
APChristian Audigier

By Emily Heffter

French fashion designer Christian Audigier, creator of the Ed Hardy line, is selling another home in Los Angeles. This time, it’s a lush Mediterranean in an upscale neighborhood, and the listing promises “unpretentious luxury” to any buyer willing to plunk down the $ 9.199 million asking price. That’s about $ 36,199 a month with a 20 percent down payment, according to Zillow’s mortgage calculator.

The seven-bedroom, seven-bath, 9,276-square-foot home is at 600 S. Muirfield Road, in the Hancock Park neighborhood. It was designed in 1926 by Gene Verge, Sr., who also built Buster Keaton’s famed Italian villa. Audigier has listed it once before — with a different brokerage and a marketing strategy that included throwing in a limited edition Rolls Royce with the sale. This time, he’s added $ 1.5 million to the price tag and left out the car.

Last month, Audigier listed a Tudor in Los Angeles for $ 3.1 million. Like that home, the Hancock Park house shows off Audigier’s nouveau taste, with designer touches throughout such as pink stools in the chef’s kitchen, crystal chandeliers and upholstered leather headboards on beds. The master suite has a private terrace, and the pool includes a cabana and outdoor bar, kitchen and dining area.

The listing (see the gallery below) is held by John Duerler of Hancock Homes Realty.

More from Zillow about celebrity homes:
Jane’s Addiction Guitarist Dave Navarro Selling Hollywood Bachelor Pad
Bruce Willis Cuts Sun Valley Home Price
Rented: Philip Seymour Hoffman’s West Village Apartment

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Nation’s biggest MLS rolls out Homes.com consumer mobile apps

Sep 20, 2013 by

Homes Connect marketing platform live for all 70,000 CRMLS members

California Regional Multiple Listing Service Inc. has expanded its partnership with real estate listing and marketing company Homes.com to offer the MLS’s 70,000 members mobile applications for CRMLS’s consumer-facing site, HomeSeekers.com.

CRMLS, the largest MLS in the nation, first announced its partnership with Homes.com in May 2012. In return for feeding CRMLS’s listings to Homes.com, the MLS’s members would have access to an exclusive version of Homes.com’s Homes Connect marketing platform.

Today, both parties announced the launch of Homes Connect for all of CRMLS’s members as well as a new benefit: HomeSeekers.com mobile apps for consumers powered by Homes.com and available on Android and Apple devices.

“Homes.com has given CRMLS brokers and agents a quality consumer mobile application designed to generate consumer connections with our subscribers,” said Art Carter, CEO of CRMLS, in a statement. “Using Homes.com’s integrated suite of marketing tools, our subscribers have an edge in promoting their listings and converting more leads into closed business.”

The HomeSeekers.com mobile apps will allow users to find nearby homes or rentals; navigate neighborhoods via interactive maps; use custom search filters such as price, city, and number of bedrooms; view vivid, full-screen home photos on an Apple iPad; connect with agents instantly through email or phone, and see the listing agent and brokerage clearly displayed; use a loan payment calculator; and search the newest property data available, the companies said.

CRMLS recently signed a multiyear deal to give its members access to international listings and to market its listings with global networking and property marketing network Proxio Inc.

Copyright 2013 Inman News
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IXACT Contact rolls out features for real estate teams

Sep 14, 2013 by

CRM now includes ability to assign leads and tasks by team member

As with any business arrangement, working in a real estate team brings its own set of logistical headaches.

Toronto-based IXACT Contact Solutions Inc., a real estate customer relationship management and email marketing software provider, hopes to ease some of that pain with its new teams-related functionality.

These new features include:

  • a separate calendar and task list for each team member, which can be shared;
  • the ability to assign leads, appointments, and tasks to selected team members;
  • the ability to send communications using either the team branding or individual team member branding;
  • the ability to assign tasks and date reminders to multiple team members;
  • the ability for the team leader to set restrictions on deleting, exporting and wirelessly syncing contact data; and
  • wireless smartphone sync for all team members.

The CRM’s cost is $ 34.95 per month for team leaders and $ 24.95 for team members. Realtors can sign up for a free five-week trial.

“Our system will now help agents working in teams to very easily stay better organized and keep in touch with their entire real estate database,” said Rich Gaasenbeek, IXACT Contact’s vice president of sales and marketing, in a statement.

In addition to the new teams-related features, IXACT Contact’s CRM includes a professionally designed and written monthly e-newsletter; email marketing tools; drip marketing campaigns; unlimited document storage; and a transaction management system, among other features.

The company also claims to be the only real estate CRM to offer email campaign reporting that identifies “hot leads” within one’s database.

Brokerages representing thousands of Realtors combined have chosen IXACT Contact as their official CRM partner, the company said. They include Illustrated Properties in Palm Beach Gardens, Fla.; Macdonald Realty in Vancouver, B.C.; Sutton Group – Summit Realty Inc. in Mississauga, Ontario; and Cityscape Real Estate, also in Mississauga.

Copyright 2013 Inman News
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