Monthly Archives: August 2015

Existing-Home Sales Maintain Solid Growth in July

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WASHINGTON (August 20, 2015) — Existing-home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, according to the National Association of Realtors®.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.0 percent to a seasonally… Read More

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WAV Group comments on Zillow acquisition of dotloop

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Consulting firm, WAV Group, today commented on Zillow’s recent announcement of its intent to acquire transaction management company, dotloop.

The author posits three possible reasons for the acquisition; getting into the forms business, expanding their FSBO offering, and tying in home services advertising into transactions. "These are all business strategies that have the potential to yield significant dividends. It would only take the successful execution of one of these to justify the purchase," the commentary states.

What are the takeaways, according to WAV? Associations should be discussing the impact that Zillow forms could have on their business, and brokers should be discussing the impact that a more empowered FSBO seller would have on their business.

Read the full commentary.

Aug. 19, 2015

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